The error code, -12927, is kFigPlayerError_IncompatibleAsset
I see a different error when I try to load that m3u8 file:
<<< URLAsset >>> URLAssetLoadValuesAsyncForTrackProperties signalled err=-12174 (kFigAssetError_TrackNotFound) (Asset has no tracks) at FigAsset_URL.c:2071
I'm not sure if you encountered your error message trying to load the file off of google drive, but when I download the actual vid03.m3u8 file, I see that it's declaring its chunks as relative file paths, e.g.
vid03.m3u8
#EXT-X-STREAM-INF:BANDWIDTH=8778319,AVERAGE-BANDWIDTH=7297024,RESOLUTION=1920x1080,FRAME-RATE=59.940,CODECS="hvc1.2.4.L123.b0,mp4a.40.2",CLOSED-CAPTIONS="cc",AUDIO="aac_2_192_1"
If you append vid03.m3u8 to the current URL, that doesn't resolve to a file, e.g.
https://drive.google.com/file/d/1lQyFSsu96WOqde1uM833QfhUvVdycq6j/vid03.m3u8