UG Investment Advisers Ltd. (“UG” or “Investment Adviser”) is an exempted company incorporated with limited liability under the laws of the Cayman Islands. UG provides its advisory services and products from its liaison office in Taiwan with investments focus on mandarin-speaking markets and which is now gradually expanding to the global markets. One such Fund, the UG Greater China Multi- Strategy Fund (“GCMF”), a sub-fund of a Cayman Island-domiciled umbrella mutual fund, may be offered to U.S. tax-exempt institutional investors. The ultimate beneficial shareholder of UG’s issued shares is Ming C. Wang (being 100% holding), who also serves as Chief Executive Officer and a Director of UG. Investments for each Fund are managed in accordance with a Fund’s particular investment objectives, strategies, restrictions and guidelines and are not tailored to the individualized needs of any particular investor in a Fund. Information about each Fund, and the particular investment objectives, strategies, restrictions, guidelines and risks associated with an investment, is described in the governing documents (e.g., offering memorandum, governing or constitutive documents, investment advisory contract) of the Funds (“Governing Documents”), which are made available to investors through an authorized party. Since UG does not provide individualized advice to the investors (and an investment in a Fund does not, in and of itself, create an advisory relationship between the investor and UG), investors must consider whether a particular Fund is appropriate to their own circumstances based on

all relevant factors including, but not limited to, the investor’s own investment objectives, liquidity requirements, tax situation and risk tolerance. Prospective investors are strongly encouraged to undertake appropriate due diligence, including but not limited to a review of relevant offering materials and the additional details about the Fund’s investment strategies, methods of analysis and related risks in Item 8 of this Brochure, before making an investment decision. GCMF's investment objective is to provide investors with mid-term capital appreciation through multiple investment strategies by investing principally in the securities and/or derivatives of securities of companies that (i) are domiciled in countries which have Mandarin Chinese as one of the country’s official languages (the “Mandarin Market”) (including their subsidiaries and/or affiliated companies which may be domiciled either within or outside the Mandarin Market) and/or (ii) derive sales or revenue from, or have assets in, any country in the Mandarin Market, even if the shares of such company may be listed elsewhere, (collectively, the “Mandarin Market Beneficiary Companies”). As at 31 August 2023, UG has regulatory assets under management of US$3,469,979,961, all of which are non-discretionary and attributable to the Funds. UG currently does not have any proprietary account, although UG may reinvest a certain amount of revenue collected from its advisory services into the Funds. As of 31 August 2023, amounts invested by UG in the Funds represented approximately 4% of the asset value of the Funds.