Simple Images Looping Animation

Hello, I am trying to achieve a simple animation showing/fading different images on a loop.
The first 2 images worked well, but I’m not sure why the latest image doesn’t follow the properties I put on the animation details, resulting in a weird transition.

Does anyone know what I am doing wrong?

Here is my public share link: LINK
(how to access public share link)

It works fine for me like how it is supposed to be

Are you sure?
If you see the last image (Image03) doesn’t have the same smooth transition to start over with the first image (Image01) as the other ones have. That’s where I am having trouble.