Dear Partners, Investors, and Valued Friends,

As the holiday season approaches, Harpers Capital/Lotus Asset Management Limited extends its sincere gratitude and warmest wishes to our esteemed partners, discerning investors, and indispensable colleagues and friends.

Throughout 2025, our team has remained steadfast in its commitment to integrity, discipline, and a long-term perspective, navigating market fluctuations alongside you. We have continued to focus on high-quality global technology and growth assets, guided by a disciplined approach to value creation. None of these achievements would have been possible without your continued trust, insightful counsel, and unwavering support—nor without our consistent adherence to the principles we articulate.

Looking ahead, we are committed to furthering our shared journey: maintaining prudence, focusing on multi-decade horizons, and transforming select opportunities into sustainable, long-term returns—with interests fully aligned.

May the Christmas season bring you peace and renewal;

May the New Year usher in continued prosperity and good health;

And may you and your loved ones enjoy excellent well-being and success in all endeavors.

With warmest regards and deepest appreciation,

From Harpers Capital/Lotus Asset Management Limited Management Team