A: Firm Description ShawSpring Partners, LLC (“ShawSpring”) is a Massachusetts limited liability company formed on February 20, 2012. Dennis Hong is the founder, managing member and sole owner of ShawSpring. ShawSpring currently manages one private investment fund: ShawSpring Partners QP Fund, L.P., a Delaware limited partnership (the “Fund”). An affiliate of ShawSpring, ShawSpring Partners GP, L.P., a Delaware limited liability company, serves as the general partner of the Fund (the “General Partner”). ShawSpring also provides discretionary investment advisory services to separately managed accounts (the “Managed Accounts”), on behalf of several clients, some of which are sponsored by organizations described in Section 501(c)(3) of the Internal Revenue Code. The Fund and the Managed Accounts are referred to together in this Brochure as the “Advisory Clients”. “Investors” are investors in the Fund. ShawSpring entered into an arrangement (the “Seed Arrangement”) with a seed investor for the Fund pursuant to which the parties have agreed that the seed investor (the “Special Limited Partner”) shall be entitled to share in certain revenues of ShawSpring and its affiliates. The Special Limited Partner is not a general partner of the Fund. B: Types of Advisory Services ShawSpring provides discretionary investment advisory services to the Fund and the Managed Accounts. As described in further detail in Item 8.A below, ShawSpring is dedicated to a concentrated, value-oriented approach to global public markets investing. ShawSpring’s

investment objective is to achieve long-term capital appreciation, primarily through the purchase and long-term ownership of common stock. ShawSpring is not subject to any limitations on any one asset class, industry or investment. ShawSpring expects the strategy’s net exposure to be long-biased, but will adjust long, short, and cash positions based on a bottom-up assessment of the opportunity set, market conditions, and overall economic conditions. C: Tailored Services ShawSpring presently manages assets for Managed Accounts, each of which have individually negotiated terms and investment guidelines. Any future managed account relationships will be subject to individually negotiated terms and investment guidelines as agreed to by ShawSpring. If agreed to by ShawSpring, Managed Account clients have the authority to impose restrictions on investing in certain securities or types of securities. With respect to the Fund, ShawSpring does not tailor its advisory services to the individual needs of Investors. The Fund’s confidential offering memorandum and constituent agreements set forth important information about the Fund, including the Fund’s terms, objective, strategy, and guidelines. D: Wrap Fee Programs ShawSpring does not participate in wrap fee programs. E: Client Assets Under Management As of December 31, 2023, ShawSpring manages $932,336,731 in regulatory assets under management on a discretionary basis. ShawSpring does not currently manage any Advisory Client assets on a non-discretionary basis.