distorted loading screens, missing comic panels

[DanteOnWiFi]

Title

https://xemu.app/titles/54540003/#Max-Payne

Bug Description

All loading screens are broken, all comic panels are no longer visible. Steps to recreate the both are same-

1. Launch any save or new game to see loading screen glitch
2. Skip first ingame cinematic on new game to skip to invisible comic panel

loading screen:

comic panel:

Expected Behavior

expected behaviour seen on an older version-

loading screen:

comic panel cutscene:

xemu Version

Observed on : 0.7.121
Last working on : 0.7.99

System Information

CPU: Intel(R) Core(TM) i5-10210U CPU @ 1.60GHz
OS Platform: Windows
OS Version: 22H2
Manufacturer: NVIDIA Corporation
GPU Model: NVIDIA GeForce MX230/PCIe/SSE2
Driver: 4.0.0 NVIDIA 532.09
Shader: 4.00 NVIDIA via Cg compiler

Additional Context

I am not 100% sure when this problem observed and if any versions beyond 0.7.99 also work, will require further testing.