CRCM is a limited partnership organized under the laws of the State of Delaware and has been providing investment advisory services since November 21, 2007. The general partner of CRCM is CRCM LLC, a Delaware limited liability company that is owned by Chun R. Ding. For estate planning purposes, in 2019 Mr. Ding conveyed limited partnership interests in CRCM LP to family trusts while he maintained control of the firm through CRCM LLC. CRCM provides discretionary investment advisory services to (i) privately offered funds (the “Funds”) and (ii) persons or entities on a managed account basis (each such arrangement, a “Managed Account,” and the person(s) or entity(ies) funding a Managed Account, a “Managed Account Client”). For the purposes of this brochure, a “Client” will refer to a Fund (and not the investors in a Fund) and/or a Managed Account Client. As used herein, any reference to “or” shall mean “and/or” and any reference to “including” shall mean “including but not limited to.” Funds CRCM serves as investment adviser to each Fund and also serves as the general partner of the Institutional Onshore Feeder, as defined below. Each Fund is either exempt from registration as an investment company pursuant to Section 3(c)(1) or Section 3(c)(7) of the Investment Company Act of 1940, as amended (“1940 Act”). Three of the open-end Funds are organized in a master-feeder structure, consisting of a U.S. feeder fund, an offshore feeder fund and a master fund (the “Institutional Onshore Feeder,” the “Institutional Offshore Feeder” and the “Institutional Master Fund,” respectively, and, collectively, the “Institutional Funds”). Each of the Institutional Onshore Feeder and the Institutional Offshore Feeder is expected to invest substantially all of its assets in the Institutional Master Fund. Each Institutional Fund seeks to achieve long-term capital appreciation through investments in debt and equity securities of companies listed anywhere in the world, as well as treasury securities, commodities, and digital assets. The Institutional Funds will adopt a global focus to investing and its investments will be allocated to prominent markets in North America and Asia, although investments may be made anywhere in the world and, at times, the focus may shift fully away from prominent markets to other markets and toward real assets such as commodities and digital assets. CRCM serves as investment adviser to an open-end fund (the “Fintech Fund”), for which an affiliate of CRCM, CRCM Fintech GP, LLC (“Fintech GP”), serves as its general partner. The Fintech Fund seeks to achieve long-term capital appreciation primarily

through investments in digital assets, instruments to secure rights to future digital asset issuances, and private companies that issue digital assets, or have a business related to blockchain or the fintech sector. CRCM launched an additional closed-end fund in 2021 that invests in the securities of special purpose acquisition companies (“SPAC”) (the “SPAC Fund”), for which an affiliate of CRCM, CRCM SPAC GP, LLC (“SPAC GP”), serves as its general partner. The SPAC Fund seeks to achieve growth of principal primarily through investments in the publicly traded shares and warrants of SPACs and SPAC- related companies. CRCM also serves as investment adviser to five closed-end funds that invest in non- publicly traded companies with operations in China and the United States (the “Opportunity Fund I”, “Opportunity Fund II”, “Opportunity Fund III”, “Opportunity Fund IV”, together the “Opportunity Funds” and “Frontier Technology Fund I”). Affiliates of CRCM, CRCM Opportunity GP LLC (“Opportunity GP”), CRCM Opportunity GP II LLC (“Opportuity GP II”), CRCM Opportunity GP III LLC (“Opportunity GP III”), CRCM Opportunity GP IV LLC (“Opportunity GP IV”), and CRCM Global Media Fund I GP, LLC (“Frontier Technology Fund I GP”) serve as the general partner of Opportunity Fund I, Opportunity Fund II, Opportunity Fund III and Frontier Technology Fund I, respectively. The Opportunity Funds and Frontier Technology Fund I target private investments. CRCM also serves as investment adviser to other vehicles including co-investment and other closed-end special purpose or special investment vehicles (the “SPVs”) including those that invest in a single non-publicly traded company along with the Opportunity Funds and Frontier Technology Fund I. Chun R. Ding or CRCM serve as the managing member of these SPVs. For further details regarding CRCM’s management of the Funds, please see Item 8 below. Managed Accounts CRCM works with each of its Managed Account Clients to develop investment guidelines based upon the Managed Account Client’s specific investment objectives. Managed Account advisory services are governed by a written agreement (“Managed Account Agreement”) between CRCM and the Managed Account Client. Managed Account Clients may amend their investment guidelines as their needs change or impose restrictions on investing in certain securities or types of securities. Managed Accounts may grant CRCM investment discretion or may be non- discretionary. As of the date of this brochure, CRCM has no Managed Account clients. As of December 31, 2022, CRCM managed approximately $544,157,053 on a discretionary basis.