HMOUNT Asset Management (HK) Limited (“the Company” or “the Trading Manager”) is a Securities and Futures Commission (“SFC”) Type 9 licensed corporation (CE No.: BKU365) to conduct asset management business since 22 March 2018. The Company is 50% owned by Mountain Holdings Limited (“MHL”) which is incorporated in British Virgin Islands (“BVI”) and 50% owned by XIANG Yun. The Company is also beneficially owned by the Responsible Officers of the Company, i.e. Ms. TONG Yan (own 20% shares of MHL) and Ms. SHAN Dan (own 80% shares of MHL), through the ownership of MHL. The Company is appointed by Asia Series 8, a series of ABS Direct Equity Fund LLC, a Delaware Series LLC having its business address at 537 Steamboat Road, Greenwich, CT (“Asia Series 8”), to be the non-discretionary sub-adviser of Asia Series 8. The assets of Asia Series 8 is maintained with The Northern Trust Company (“Custodian”) with effective from 24 October 2023. Asia Series 8 is a separate and distinct “series” for the purposes of Section 18-215 of the Delaware Limited Liability Company Act of ABS Direct Equity Fund LLC, a Delaware multi- series limited liability company, for which ABS Investment Management (CRD# 127290/SEC#: 801-62188) (“the Investment Manager”), an investment adviser registered under the Advisers Act, as amended with the SEC, serves as the “Investment Manager” and managing member. The Company is responsible for providing trading and research services for Asia Series 8 to advise and recommend the investment, divestment and re-investment of all assets held in Asia Series 8 from time to time as measured in USD, and, subject to pre-approval by the Investment Manager and so long as such execution is carried out in compliance with the trade authorisation pre-approved by the Investment Manager in writing, execute transactions in connection with the management of the assets of Asia Series 8, and to recommend and give general advice assistance to the Investment Manager on an ongoing basis concerning the investment, realisation and re-investment of the assets of Asia Series 8 and the placing of the assets of Asia Series 8 on deposit, in accordance with and subject to the provisions of the Trading Manager Agreement and the investment objectives, policies and restrictions of the Series. Other than the US portfolio which is managing by the Company, the Company is also managing a master-feeder

structured Cayman Fund named Mountain Capital China Fund & Mountain Capital China Feeder Fund (“Cayman Fund”), which has no any US clients. The Company serves as the investment manager of this Cayman Fund. Investment Objectives and Strategy In Asia Series 8, the Company only invests in listed equity securities on a long only basis. The objective of the Account is to outperform the MSCI China Value Total Return Index (Bloomberg Ticker: DUVACF) over the long term by investing in equity securities (including convertible bonds, which shall not exceed 20% of the assets of Asia Series 8) of companies located anywhere in the world that primarily operate in, or derive a substantial amount of revenue from the Asia Pacific region, which includes the People’s Republic of China, Taiwan, Hong Kong and Singapore. No borrowing, leverage and future tradings will be utilised unless it is approved by written notice from the Investment Manager. Investment Restrictions Asia Series 8 is subjected to the following investment restrictions: 1. Diversification: no fewer than 10 stocks at any time 2. Position Size: Single long active position no more than 20% of the total NAV 3. Gross Exposure: Maintain a gross exposure of 85% to 100%. If the gross exposure is lower than 85% for 5 consecutive days, but shall never fall below 75%, the Company shall provide an explanation report and investment advice to the Investment Manager within 3 business days. The Investment Manager may divest cash in the Account so that the gross exposure would be no less than 85% 4. Prohibited Investment: The investment in any publicly traded partnership, master limited partnership or any other entity which is considered to be a partnership or other pass- through entity for U.S. federal income tax purposes. Also, in relation to the foregoing, no investment shall be made which could generate unrelated business taxable income (“UBTI”) under the U.S. Internal Revenue Code of 1986, as amended. Lastly, investments shall not be made in entities which prohibit investment by entities the assets of which are plans assets. Asset under Management As of 31 December 2023, the Company is managing Asia Series 8 with the approximate AUM US$ 181,879,162, all of which being on a non-discretionary basis. This Brochure contains disclosures relevant only to the Company’s US Client.