Item 4 — Purpose of Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: On December 30, 2024, CM Bermuda entered into a Securities Purchase Agreement (the "Purchase Agreement") with the Company at the instruction of China Construction Bank Corporation ("CCB"), as Facility Agent and Security Trustee under the Pledge Agreement. Upon the terms and subject to the conditions in the Purchase Agreement, the Company agreed to purchase (i) 20,991,337 Warrants at $3.56 per warrant and (ii) 45,720,732 Common Shares at $14.25 per Common Share (together, the "Purchase"). The aggregate amount payable by the Company under the Purchase Agreement was $733.0 million, including certain costs and expenses. On February 27, 2025, the transactions contemplated by the Purchase Agreement, including the Purchase, were completed (the "Closing"). The Purchase Agreement contemplated that payment thereunder would be made in two tranches. In addition to the first payment paid by the Company concurrently with the execution of the Purchase Agreement, the Company paid an additional $483.0 million to CM Bermuda at the Closing. At the Closing, (i) the resignation of Meng Tee Saw from the Board and each committee of the Board of which he is a member became effective, and (ii) the Company and CM Bermuda terminated that certain Investor Rights Agreement, dated as of February 26, 2021, by and between the Company and CM Bermuda. Following the Closing, the Reporting Persons no longer have any ownership interest in the Company.