Marvin & Palmer Associates is an investment advisory firm that was founded in 1986. We offer equity management services that focus primarily upon U.S. Equities through three strategies: a basic strategy of remaining fully invested except in times of economic distress; an endowment strategy having the ability to enter and exit the market based upon our expectations about market performance; and a global opportunities strategy featuring a more concentrated portfolio that gains exposure to global markets opportunistically through ADRs and ETFs. We do not provide other types of advisory services. Our headquarters are in Wilmington, Delaware. We are primarily employee-owned. All our portfolio managers are principals in our firm. The majority of the outstanding shares are owned by Mr. David Marvin. We are able to tailor our services to our clients’ needs. Clients may impose restrictions on investing in certain securities or types of securities. We provide investment advisory services to our clients whom we bill for our services based on a percentage of assets under management. In certain circumstances, fees are also based, in part, upon the performance of the client’s portfolio under management. Such investment advisory services represent the majority of our business. Marvin & Palmer Associates does not provide "financial planning" services. We have formed the Marvin & Palmer U.S. Equity, L.P. (the "U.S. Partnership") and the Marvin & Palmer Global Opportunities Fund (the “Global Opportunities Fund” and, together with the US Partnership, the “Investment Entities”), investment entities for which we make the

investment decisions. The Investment Entities are based in the United States. They invest in publicly traded equity securities that we have identified, in our capacity as general partner and/or adviser, as having the potential for increasing in value. Their portfolios are diversified. Cash balances may be held as cash, placed in interest bearing accounts or invested in U.S. securities that are cash equivalents. Third-party vendors provide certain administrative services to the Investment Entities, such as the maintenance of its books and records, for which the Investment Entities pay. Certain of our officers, directors, Advisory Board members and employees are investors in the Investment Entities. We may form additional investment funds in the future, and we may close existing funds. Marvin & Palmer Associates is organized as a Delaware corporation and was registered with the SEC under the Investment Advisers Act of 1940 on July 21, 1986. In January 2013 Marvin & Palmer Associates formed MPA Capital Management LLC ("MPA Capital Management"), an affiliate. MPA Capital Management is the investment manager of MPA Asia Fund LP and MPA Asia Master Fund Ltd. (collectively, the "Asia Funds"). Marvin & Palmer Associates is the managing member of MPA Capital Management. Marvin & Palmer Associates and MPA Capital Management occupy the same principal office. MPA Capital Management is registered as an investment adviser under the Investment Advisers Act of 1940. As of December 30, 2023 we managed 155.4 million on a discretionary basis and $1.7 million on a non-discretionary basis.