You're trying to pass this off as Qualcomm but it's not what Qualcomm said in 2021 and the developer content watermark isn't showing here. It is insane to think that they would convert all 24/44.1, 24/48, 24/96 content to 16-bit 44.1 and transmit losslessly.
Qualcomm told the hardware developers, I know, that lossless only takes place for 16-bit/44.1kHz sources and that everything else is processed with the usual lossy aptX Adaptive codec. I can accept 16-bit 48kHz being included in that either by downsampling or in the Gen 2 and later SoC's downsampling wouldn't be required when using LEA. Everything else is "business as usual", pumped through the lossy process because this preserves more of the original source than downsampling would.