4.A Describe your advisory firm, including how long you have been in business. Identify your principal owner(s). Notes: (1) For purposes of this item, your principal owners include the persons you list as owning 25% or more of your firm on Schedule A of Part 1A of Form ADV (Ownership Codes C, D or E). (2) If you are a publicly held company without a 25% investor, simply disclose that you are publicly held. (3) If an individual or company owns 25% or more of your firm through subsidiaries, you must identify the individual or parent company and intermediate subsidiaries. If you are an SEC- registered adviser, you must identify intermediate subsidiaries that are publicly held, but not other intermediate subsidiaries. If you are a state-registered adviser, you must identify all intermediate subsidiaries. Kaizen, is a private company limited by shares incorporated in Hong Kong and licensed by the Securities and Futures Commission to conduct Type 9 (asset management) regulated activities in Hong Kong since March 9, 2020. Kaizen is principally owned by Kaizen Capital Holdings Limited. Ramesh Karthigesu is the principal owner of Kaizen Capital Holdings Limited as well as the Chief Investment Officer and the co-founder of the Adviser. On January 1, 2024, Kaizen restructured the company and moved the headquarters from Hong Kong to Singapore and is no longer the investment manager of Kaizen Asia Pacific Offshore Fund (the “Offshore Feeder”), Kaizen Asia Pacific Onshore Fund (the “Onshore Feeder”) and Kaizen Asia Pacific Master Fund (the “Master Fund”), (collectively the “Kaizen Funds”). The Kaizen Funds is a Cayman Island incorporated master-feeder structure organized as exempted companies with limited liability on October 31, 2019 (Master Fund and Offshore Feeder) and November 4, 2019 (Onshore Feeder). Kaizen is currently the Investment Adviser of the Funds. With the restructure, Kaizen’s affiliate, Kaizen Investment Management Pte. Ltd. (“KIMPL”), a private company incorporated in Singapore, became the investment manager of the Kaizen Funds. KIMPL also provides discretionary investment advisory services to two sub-advised funds (the “Sub-advised Funds” collectively with the Master Fund, Offshore Feeder and Onshore Feeder the “Funds” or the “Advisory Clients”). This restructure does not change the fund’s investment strategy and objectives. Item 4.B Describe the types of advisory services you offer. If you hold yourself out as specializing in a particular type of advisory service, such as financial planning, quantitative analysis, or market timing, explain the nature of that service in greater detail. If you provide investment advice only with respect to limited types of investments, explain the type of investment advice you offer, and disclose that your advice is limited to those types of investments. Pursuant to the Advisory Clients’ offering memoranda, subscription documents, investment management agreements and/or sub-advisory agreements, as applicable (collectively the “Governing Documents”), the

Advisory Clients engage in long/short equity strategies focused primarily on investing in the Asia Pacific region. The Adviser employs a variable net strategy driven by the bottom-up investment opportunity set, and taking into consideration liquidity, volatility and the overall macro-economic environment when constructing and managing the portfolio. The Funds mainly invests in companies listed in the Asia Pacific region including, but not limited to, companies listed in Hong Kong, Mainland China, Japan, India, Korea and Australia. Investment advice is provided directly to the Funds and not individually to the investors in the Funds. Investment restrictions for the Funds, if any, are generally established in the Governing Documents or offering documents of the applicable Fund. All defined terms used in this Brochure but not defined herein will have the same meaning ascribed to them in each Fund’s Governing Documents. Item 4.C Explain whether (and, if so, how) you tailor your advisory services to the individual needs of clients. Explain whether clients may impose restrictions on investing in certain securities or types of securities. Kaizen does not tailor its advisory services to the individual needs of investors in the Fund. Advisory services may be tailored to achieve the Advisory Clients’ investment objectives and may impose certain restriction on certain securities or types of securities. Generally, Kaizen has the authority to select which and how many securities and other instruments to buy or sell when the selected securities are in line with investment guidelines and restrictions in the investment advisory mandates/agreements. Kaizen has side letter agreements with certain investors. Side letters may establish rights that supplement, or alter the terms of, the applicable Governing Document. Pursuant to such side letters, certain investors may have rights which are not available to other investors. For example, such terms and conditions provide such investor(s) with additional and/or different rights (including, without limitation, with respect to the incentive allocation, management fee, redemption rights, minimum and additional subscription amounts, informational rights, capacity rights and other rights) than the other investors. Item 4.D If you participate in wrap fee programs by providing portfolio management services, (1) describe the differences, if any, between how you manage wrap fee accounts and how you manage other accounts, and (2) explain that you receive a portion of the wrap fee for your services. Kaizen does not participate in wrap fee programs. Item 4.E If you manage client assets, disclose the amount of client assets you manage on a discretionary basis and the amount of client assets you manage on a non- discretionary basis. Disclose the date “as of” which you calculated the amounts. Note: Your method for computing the amount of “client assets you manage” can be different from the method for computing “assets under management” required for