Structure; History and Ownership Convoy Investments, LLC is an investment advisory firm with its principal place of business in Wilmington, Delaware. Convoy Investments, LLC will be referred to in this brochure as “Convoy,” “we,” or the “firm.” The firm is organized as a Delaware limited liability company. We commenced business in 2013, and we are registered as an investment adviser with the Securities and Exchange Commission (“SEC”) during the first quarter of 2015. Convoy is registered as a commodity pool operator (CPO) with the U.S. Commodity Futures Trading Commission (the “CFTC”) during the first quarter of 2018. The firm has no employees other than its two owners, Howard Wang and Robert (Wenquan) Wu. Types of Advisory Services We provide investment advisory services to private investment funds, (referred to in this brochure as “the funds,” including both current and future funds) as general partner or investment adviser. We also provide investment advisory services to separately managed accounts (referred to in this brochure as “the separate accounts”). The funds and the separate accounts to which we provide investment advisory services are sometimes referred to together in this brochure as “the accounts.” The private investments funds to which we currently provide investment advisory services are Convoy Funds, L.P., a Delaware limited partnership (“Convoy Funds”), and Convoy Plus Fund, LP, also a Delaware limited partnership (“Convoy Plus Fund”). We expect to provide investment advisory services to more private investment funds in the future. The funds may differ in the amount of leverage they employ and the types of investors to whom they are offered. Convoy may, at its discretion, form an offshore sister fund to Convoy Funds and/or Convoy Plus Fund in the future to be managed by the firm or an affiliate. Further, we may, at our sole discretion, elect to have Convoy Funds or Convoy Plus Fund, and any offshore sister fund invest jointly through a third affiliated entity in what is commonly termed a master-feeder investment structure. The funds offer securities to investors only through private placements of such securities. The detailed terms applicable to investors in the funds are described in the

funds’ offering memorandum. In addition to the funds, we also offer our investment advisory services to certain institutional investors and high net worth individuals on a separately managed account basis. Such arrangements are governed by the investment advisory agreement between us and each separate account client. Convoy also provides sub-advisory services to third-party investment advisers/broker dealers in the form of fund account or separate accounts. Convoy specializes in long-term globally diversified investment strategies. Through quantitative analysis and proprietary models, the firm endeavors to create a diversified asset allocation with the goal of generating superior risk-adjusted returns while minimizing fees, taxes, and trading costs. We invest in a wide spectrum of securities and instruments based on our global macro research as well as our proprietary models. We may utilize varying levels of leverage on behalf of our clients to achieve various target risk levels. Certain funds may utilize high levels of leverage. The investment strategies we employ on behalf of the funds and the separate accounts are described in greater detail below in tem 8 and in the offering documents of the funds. We typically we do not tailor the {01990733; 3; 1145-1 } 3 strategy to the needs of individual fund investors or separate account clients. However, in certain limited circumstances, we may agree with particular fund investors or separate account clients that they will not participate in certain investments made by the funds in which they are invested or that would otherwise be purchased for their account pursuant to the strategies. Further, varying account sizes may require us to implement our strategy using different instruments. In addition to investment advices to the funds and separately manage accounts, Convoy also provides strategic advice on private investments, market outlook, and overall portfolio. Depending on client’s need, Convoy offers to track and distribute monthly reporting and commentary on Client overall portfolios. Assets Under Management As of December 31, 2022 Convoy managed approximately $167 million of client assets on a discretionary basis and no client assets on a non-discretionary basis.