Background The Pacific Group Limited (“PGL”), organized and based in Hong Kong, is an asset management firm that invests across global markets and a range of investment instruments, but with a focus on the Asia‐Pacific region. PGL was founded in 1991 and is a member of The Pacific Alliance Capital Group of Companies (“PACG”). PACG was created to exploit investment opportunities in the Asia‐Pacific region. William S. Kaye, the founder of PACG, recognized China’s enormous potential at an early stage. In 1991, Mr. Kaye left a successful Wall Street career to found PACG and has served as the Senior Managing Director of PACG, which has been providing both public and private investment services since that time. Under the leadership of Mr. Kaye, PGL commenced offering its services as an Asian hedge fund manager in 1992, launching the Asian Hedge Fund in that year. The successful run of this product led to the launch of The Greater Asian Hedge Fund in 2000. Mr. Kaye has served as Chief Investment Officer of The Greater Asian Hedge Fund, LP as well as its predecessor, The Asian Hedge Fund, LP. Through its subsidiary company, Pacific Alliance Group Limited (“PAG”) pioneered China direct investment with the formation of Asian Strategic Investments Corporation (“ASIMCO”) in 1993. This operation consolidated the Group’s China‐oriented private equity activities, investing approximately US$380 million in auto component and brewing businesses. Partners in this business included Tiger Management Corporation, Trust Company of the West and GE Pension. PAG exited these investments by means of restructuring agreement among partners in early 1998 and does not currently manage a private equity fund. PGL has continued its public and private investing into the 2000s and 2010s, providing investment management services to qualified investors in the Hedge Fund as well as in separately managed accounts. PGL is licensed by the SFC under the Hong Kong Securities and Futures Ordinance to carry on Type 9 Asset Management Regulated Activity. The SFC has not reviewed this brochure. PGL is registered as an Investment Adviser with the SEC. Neither registration with the SEC nor with the SFC implies any certain level of skill or training. Ownership William S. Kaye owns 100% of Eire Investments Ltd, an exempt investment adviser, which in turn owns 100 % of Kaye Capital Ltd, our majority owner. Kaye Capital Ltd. owns two thirds of PGL. Tiger Management Corporation, an unaffiliated third party, owns one‐third of PGL. WILLIAM KAYE Prior to founding PACG, Mr. Kaye managed the Arbitrage Department and was a member of the Board of Directors of PaineWebber incorporated in New York. Mr. Kaye joined PaineWebber in

1978 and successfully built its Arbitrage Department into an industry leader. Prior to his PaineWebber experience, Mr. Kaye was an Associate in the Mergers and Acquisitions Department at Goldman, Sachs & Company. Mr. Kaye received a Bachelor of Arts (cum laude) from Vanderbilt University in 1975, and an M.B.A. from the University Of Chicago Graduate School Of Business in 1977, where he graduated as a Beta Gamma Sigma Scholar. TIGER MANAGEMENT CORPORATION Tiger Management LLC is an investment adviser based in New York. Tiger was founded in 1980 by Julian Robertson. Julian Robertson has no relationship with any of the Pacific Group companies or Mr. Kay other than as a passive investor in PGL. Our Advisory Services PGL offers professional advisory services on a discretionary basis, providing asset management according to the stated investment objectives and policies of each client. Our clients generally negotiate and enter into an investment management agreement with us. This agreement will typically govern the relationship between the client and us as well as define the roles and responsibilities of both parties. The negotiation with our clients of the terms of investment management agreements allows us to tailor our advisory services to their needs. As of 1 January 2024, PGL manages USD31,133,675 of client assets on discretionary basis. We provide our advisory services to separately‐managed accounts (typically available to institutional investors and family offices but also available to select high‐net worth individuals). Currently, we have two separately managed. THE GREATER ASIAN HEDGE FUND October 2018, we made a decision to return capital to investors of The Greater Asian Hedge Fund and all investors of the fund were paid before end of January 2019. SEPARATELY MANAGED ACCOUNTS In response to investor demand, we offer long‐only mandates provided that they can be implemented as an adjunct to investment decisions made for the Hedge Fund. Within these parameters, our separately managed account clients generally may specify and impose investment restrictions and guidelines on our investment management agreements, including limitations on the types of securities allowable in the portfolio and the percentage of exposure of the portfolio to certain types of securities. The Greater China Horizon (“GCH”) portfolio represents the Group’s long‐only skills. Focusing on China related investments, GCH invests primarily in equities listed on the Asian markets. Among our strengths are our proprietary, independent research capabilities and our risk management. Client accounts are managed by our portfolio management team in which investment decisions are typically taken collectively. The team is headed by our Chief Investment Officer.