Alphadyne Asset Management LP (the “Investment Manager”) was established in 2005. Mr. Philippe Khuong-Huu is the Founder and Chief Investment Officer of the Investment Manager and sets the strategic direction of the firm. The Investment Manager has been registered with the SEC as an investment adviser since February 3, 2010. Alphadyne Asset Management (UK) LLP (the “UK Sub-Adviser”) was established in January 2012. The UK Sub-Adviser is wholly owned by Alphadyne (UK) Holdings Limited, which is wholly owned by the Investment Manager. Alphadyne Asset Management Holdings Limited (the “JP Sub-Adviser”) was established on February 12, 2016 as a Cayman Islands Limited Liability Company. The JP Sub-Adviser has a branch office in Tokyo, Japan and is registered with the local Japanese regulator, the Kanto Local Finance Bureau, to provide discretionary investment management services. The JP Sub-Adviser is wholly owned by the Investment Manager. Alphadyne Asset Management (Hong Kong) Limited (the “HK Sub-Adviser”) was established in January 2018 as a Hong Kong private limited company. The HK Sub-Adviser has an office in Hong Kong and is licensed by the Hong Kong Securities and Futures Commission (“SFC”) to conduct Type 9 (asset management) regulated activities in Hong Kong. The HK Sub-Adviser is wholly owned by the Investment Manager. Alphadyne (Singapore) Pte. Ltd. (the “SG Sub-Adviser” and, together with the UK Sub-Adviser, the JP Sub-Adviser, and the HK Sub-Adviser, the “Sub-Advisers”) was established in December 2019 as a Singapore limited company. The SG Sub-Adviser has an office in Singapore and has obtained a Capital Markets Services License from the Monetary Authority of Singapore to conduct regulated activities in Singapore. The SG Sub-Adviser is wholly owned by the Investment Manager. The Investment Manager provides investment management services on a discretionary basis to clients, which are commingled investment vehicles and separately managed accounts primarily intended for institutional investors and other sophisticated investors. Currently, the Investment Manager provides investment management services to the following clients (each a “Fund” and collectively, the “Funds”): Alphadyne International Master Fund, Ltd.; Alphadyne Global Rates Master Fund, Ltd. and Alphadyne International (ERISA) Master Fund Ltd. (collectively, the “Alphadyne Funds”). The Alphadyne Funds are commingled investment vehicles established by the Investment Manager (note that individual investors in the Alphadyne Funds are hereinafter referred to as “Investors”). Please refer to the offering materials of each of the Alphadyne Funds for further details regarding each Fund’s legal structure, and terms of investment. Pursuant to investment management agreements with the Alphadyne Funds (collectively, the “Advisory Agreements”), the Investment Manager generally has authority to retain affiliated or unaffiliated entities to provide investment advisory services to the Funds, provided that such entities are compensated out of the Investment Manager’s compensation under the Advisory Agreements. The Investment Manager has retained its affiliate and indirect subsidiary, the UK Sub-Adviser, to provide investment management services to the Funds pursuant to a sub-advisory agreement (the “UK Sub- Advisory Agreement”). The Investment Manager, as agent for and on behalf of the relevant Funds, has also retained its affiliate and direct subsidiary, the JP Sub-Adviser, to provide investment management services to the Funds pursuant to certain agreements (the “JP Sub-Advisory Agreement”). The Investment Manager, as agent for and on behalf of the relevant Funds, has also retained its affiliate and direct

subsidiary, the HK Sub-Adviser, to provide investment management services to the Funds pursuant to certain agreements (the “HK Sub-Advisory Agreement”). The Investment Manager, as agent for and on behalf of the relevant Funds, has also retained its affiliate and direct subsidiary, the SG Sub-Adviser, to provide investment management services to the Funds pursuant to certain agreements (the “SG Sub-Advisory Agreement”). Each of the Sub-Advisers are expected at all times to manage, on a discretionary basis, in excess of $85 million in assets for the Funds. The Investment Manager and the Sub-Advisers are together filing a single Form ADV under an umbrella registration. The Sub-Advisers are identified as relying advisers on Schedule R of the Investment Manager’s Form ADV Part 1A. The Funds generally employ directional (macro) and relative value investment strategies focused principally in the global interest rate and foreign exchange markets across North America, Europe and Asia. As of January 1, 2024, the Investment Manager managed approximately US $8.8 billion in assets on a discretionary basis, and its regulatory assets under management as of December 31, 2023 were US $115.3 billion. Regulatory assets under management are calculated in a manner consistent with the Alphadyne Funds’ audited financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America. The Investment Manager does not manage any assets on a non-discretionary basis. The Investment Manager previously owned Astignes Capital Asia Pte. Ltd. (f/k/a Alphadyne Asset Management Pte. Ltd.) (“Astignes”), located in Singapore, which generally served as an investment adviser to the Funds since inception. Over several years, Astignes and the Investment Manager became separate legal entities with their own sources of revenue, operations and governance (the “Spinout”). Until close of business December 31, 2019, Astignes and the Investment Manager were under the common control of Bart Broadman, a co-founding principal of the Investment Manager and owner of Astignes since January 1, 2018. A “change of control” of the Investment Manager took place on January 1, 2020, when Mr. Broadman ceased to have any managerial or economic interest in the Investment Manager. The board of managers of Alphadyne GP Holdings LLC, comprised of Mr. Khuong-Huu, Mr. Regan and Mr. Broadman, dissolved effective close of business December 31, 2019. Mr. Khuong-Huu is the sole manager of the Investment Manager and effectively has sole control over the business and affairs of the Investment Manager. Mr. Regan, in his role as Chief Executive Officer, continues to be responsible for overseeing the day-to-day operations and management of the Investment Manager. The details of the Spinout are, as one would expect, detailed and complex. Any questions regarding the spinout may be directed to the Investment Manager’s CCO, Raquel Thompson, at 212-806-3706. Effective January 1, 2021, the Investment Manager acquired a majority controlling and economic interest in Whitney Peak Capital, LP (“Whitney Peak”), an investment adviser registered with the SEC (the “Acquisition”). Alphadyne GP Holdings, LLC, the general partner of the Investment Manager, acts as Whitney Peak’s general partner, and Kenneth Minklei, formerly the sole owner of Whitney Peak, remains the Chief Executive Officer and Chief Investment Officer of Whitney Peak. The Investment Manager expects that Whitney Peak may perform certain investment advisory and consulting services for the Investment Manager in the future, the scope of which is yet to be determined. Please see Item 10 below for additional information.