Advisory Firm Blue Swell Asset Management Private Limited (“Blue Swell” or the “Firm”) is an exempt private company limited by shares, incorporated in Singapore on January 02, 2018. The Firm is wholly owned and controlled by Tomofumi Oda (“Mr. Oda”) who serves in the roles of Director, Chief Executive Officer and Chief Investment Officer for the Firm. Further, Mr. Oda serves as Director of Blue Swell Japan Market Neutral Master Fund (the “Master Fund”) and Blue Swell Japan Market Neutral Fund (the “Feeder Fund”) respectively, together with two other independent directors. Both the Master Fund and Feeder Fund (collectively, the “Fund”) are exempted companies with limited liability, incorporated under the laws of the Cayman Islands. Currently, the Firm acts as the Investment Manager of the Fund. Subject to control and supervision of the Fund’s Directors, the Firm has full discretion to manage and invest the assets of the Fund. Further, the Firm acts as the Investment Adviser to certain private pooled investment vehicles which are managed by unaffiliated SEC registered investment advisers (“Sub-Advised Funds”). No registration statement has been or will be filed with the U.S. Securities and Exchange Commission (the “SEC”) or any state securities authority with respect to any offering of the Fund. The Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or the securities laws of any of the states of the United States. Furthermore, the Fund has not been and will not be registered under the United States Investment Company Act of 1940, as amended (the “1940 Act”) since Shares will only be sold to US Persons who meet the status of “qualified purchasers”, as defined in the 1940 Act. Each subscriber for Shares that is a US Person will be required to certify that it is an “accredited investor” and a “qualified purchaser”, in each case as defined under applicable US federal securities laws, thereby also qualifying as a “qualified eligible person” as defined in Rule 4.7 under the United States Commodity Exchange Act, as amended (the “CEA”). Types of Services Offered The principal activity of the Firm is to provide discretionary investment management services. including investment advisory services, specializing in Asia and with predominant focus on Japan related investments. The Firm provides

investment management services to the Fund based on specific investment objectives and strategies. The Fund’s offering documents (as amended and supplemented from time to time) set forth the investment guidelines and/or the types of investments to be transacted in by the Firm on behalf of the Fund. Together with its affiliates, the Firm also provides investment advisory services to the Sub-Advised Funds. Collectively, both the Fund and Sub-Advised Funds are referred to as “Clients”. Ability to Tailor Services and Impose Restrictions The investment objective of the Fund is to achieve absolute returns through emphasis on deep fundamental understanding of investment ideas, analysis of companies across all industries and sectors from large cap to small cap, predominantly in Japan, in corporate research and investing across market cycles. The Firm provides investment management services to the Fund based on the specific investment objectives and strategies of the Fund and not individually to investors in the Fund (the “Investors”). Since the Firm does not provide tailored advice to the Fund’s Investors, such investors should consider whether the Fund’s investment strategies are in line with their risk tolerance. The Firm and/or the Fund may from time to time enter into side letter agreements or other similar agreements (“Side Letters”) providing certain seed or strategic investors with additional and/or different rights. The Firm has entered into Side Letters with certain investors of the Fund. The Side Letters with certain investors of the Fund do not provide preferential liquidity or redemption rights to the respective investors of the Fund. In addition, there are no material potential conflicts to the Fund or its investors as the mentioned arrangements do not in any way serve as a detriment to the Fund or its investors. The Fund’s Directors may reduce the minimum subscription amounts to the Fund in consultation with the Firm, subject to requirements under applicable laws. Wrap Fee Programs The Firm does not participate, sponsor or act as a portfolio manager for any wrap fee programs. Client Assets As of December 31, 2023, the Firm has approximately US$1,187,508,987 regulatory assets under management, all of which it manages on a discretionary basis. Performances, fees and capital activity (i.e., subscriptions and redemptions) are denominated in US dollars (US$).