We attended MWG’s AGM on May 15, 2021. Management discussed MWG’s ongoing business initiatives as well as the company’s medium to long-term growth drivers. Overall, our key takeaways from the AGM reinforce our optimism on MWG’s growth prospects. In terms of the company’s long-term growth outlook, management expects BHX to deliver 30%-50% annual revenue growth in the next three to five years, which is broadly in line with our forecast of a 36% revenue CAGR in 2020-2025F. For TGDD (mobile)