Scion is a limited liability company organized under the laws of the State of Delaware. Commencing operations in 2013, Scion is primarily owned and controlled by Dr. Michael J. Burry. The investment activities of Scion are led by Dr. Burry together with other investment professionals who assist in executing the investment strategy. As of December 31, 2023, Scion managed $192,572,864 of net assets on a discretionary basis. This number differs from our “regulatory assets under management” shown on Part 1A of the Form ADV because it reflects the net value of the assets under management. “Regulatory assets under management” is a gross assets measurement adopted by the SEC that does not allow deduction for liabilities associated with borrowing securities to effect a short sale. We believe that this approach better reflects the amount of assets we actually manage. Scion provides discretionary investment advice to the following private investment funds:
• Scion Master G7, L.P. (the “Master Fund”), a Cayman Islands exempted limited partnership;
• Scion G7, L.P. (the “Onshore Fund”), a Delaware limited partnership;
• Scion G7 Offshore, Ltd. (the “Offshore Fund”), a Cayman Islands exempted company;
• Scion Value G7, L.P. (the “Value Fund”), a Delaware limited partnership; and Each private fund listed above are herein referenced as Scion’s “Clients.” Form ADV Part 2A Firm Brochure | Scion Asset Management, LLC The Onshore Fund and the Offshore Fund are feeder funds into the Master Fund. The Master Fund, Onshore Fund, Offshore Fund, and Value Fund are collectively referred to herein as the “Funds” or each a “Fund.” Shares or limited partnership interests in the Funds are not registered under the U.S. Securities Act of 1933, as amended; nor are the Funds registered under the Investment Company Act of 1940, as amended. Accordingly, interests or shares in the Funds are offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements, either in private transactions within the U.S. or in offshore transactions. Darkwand, LLC (“Darkwand”) is the general partner (the “General Partner”) of the Onshore Fund, the Master Fund, and the Value Fund. The General Partner is primarily owned and controlled by Dr. Burry. Unless and only to the extent that the context otherwise requires, references to Scion include the General Partner. In providing services to its Clients, among other things, Scion (i) manages Clients’ assets in accordance with the terms of the

applicable governing documents or investment management agreements (“IMA”); (ii) formulates investment objectives; (iii) directs and manages the investment and reinvestment of Clients’ assets; and (iv) provides periodic reports to investors and separate account owners. Investment guidelines and restrictions for Clients, if any, are generally established in the applicable Fund’s governing documents. Scion provides investment advice directly to the Funds and not individually to a Fund’s limited partners or investors, subject to the direction and control of the respective General Partner and/or Directors of each Fund. A Strategic Investor in the Onshore Fund has additional and/or different rights including withdrawals, access to information, minimum investment amounts, liquidity terms and aggregate investment amount accepted. Scion and its constituent members or partners, affiliates, employees, and family members of the foregoing may withdraw their investment in a Fund at any time without incurring any excess withdrawal fees. The Clients seek long-term capital appreciation. Scion plans to pursue Clients’ investment objectives primarily through fundamental research in pursuit of undervalued and/or misunderstood investment situations in the global theater. This fundamental research may take into account technical, macroeconomic, and other tactical approaches to the ever-changing securities marketplace. Scion may cause Clients to take either “long” or “short” positions, as opportunities warrant. In addition, Scion may apply both long-term and short-term strategies in individual securities. From time to time, Clients may, to the extent permitted by the Rules of the U.S. Financial Industry Regulatory Authority (“FINRA”) as may be amended from time to time (the “Rules”), purchase equity securities that are part of an initial public offering (sometimes referred to as “IPOs” or “new issues”). Under the Rules, brokers may not sell such securities to a private investment fund, if the fund has investors who are “Restricted Persons”, which category includes persons employed by or affiliated with a broker and portfolio managers of hedge funds and other registered and unregistered investment advisory firms, unless the fund has a mechanism in place that excludes such Restricted Persons from receiving allocations of profits from new issues. The profits and losses with respect to new issues will generally be allocated to Clients and investors in the Funds that are not Restricted Persons.