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% shareholder, 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. FountainCap Research & Investment (Hong Kong) Co., Limited (“FountainCap” or the “Adviser”), a Hong Kong limited liability company, is an investment adviser formed on July 21, 2014. FountainCap was founded and is principally owned by Mr. Xiaofang Ding (Frank Ding). FountainCap launched, and acts as the investment manager of, FountainCap Global China Opportunity Master Fund, FountainCap Global China Opportunity Fund and FountainCap Global China Opportunity (US) Fund, a Cayman Islands domiciled master- feeder structure organized as exempt companies with limited liability (each, a “Fund” and together, the “FountainCap Funds”). Additionally, FountainCap provides investment management and/or advisory services to clients through the management or advisory of investment portfolios. Such clients include, but are not limited to, high net worth individuals, institutions, corporations, government entities, sovereign wealth funds, other third- party investment advisers and their pooled investment vehicles, special purpose vehicles established by third party investment advisers and other separately managed accounts (the “Advisory Funds”). Certain Advisory Fund(s) are collective asset-management vehicles organized as Undertakings for Collective Investment in Transferable Securities (UCITS) fund (the “UCITS Funds”). Certain Advisory Fund(s) from time to time may be deemed to hold “plan assets” within the meaning of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”). During any period in which an Advisory Fund holds such “plan assets,” FountainCap will constitute a “fiduciary” and an “investment manager” within the meaning of ERISA with respect to such Advisory Funds. FountainCap in the future may decide to manage additional private investment funds or separately managed accounts (collectively with the FountainCap Funds and Advisory Funds, the “Advisory Clients”). 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, or other equivalent documents, as applicable (collectively, the “Governing Documents”), the Advisory Clients generally engage in long-only equity strategies focused on global investment opportunities arising from China’s restructuring and transformation. Advisory Clients attempt to gain long-term capital appreciation by investing in companies that have been thoroughly researched and are believed to have growth and/or value potential. FountainCap provides investment advisory services to the Advisory Clients in accordance with the respective Governing Documents and adheres to the objectives, guidelines or restrictions as stated therein. Additionally, the FountainCap Funds offer interests (“Interests”) to certain qualified investors as described in the response to Item 7 below. 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. The investment program of the FountainCap Funds is described in their confidential offering memoranda. FountainCap does not tailor its advisory services to the individual needs of investors in the FountainCap Funds (the “Fund Investors”) and does not accept Fund Investor imposed investment restrictions. Otherwise, advisory services may be tailored to achieve the clients’ investment objectives and the clients may impose certain restrictions on certain securities or types of securities. Generally, FountainCap has the authority to select which and how many securities and other instruments to buy or sell when the selected investments are in line with investment guidelines and restrictions in the investment advisory mandates/agreements. 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. FountainCap does not participate in wrap fee programs. 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 “regulatory assets under management” required for Item 5.F in Part 1A. However, if you choose to use a different method to compute “client assets you manage,” you must keep documentation describing the method you use. The amount you disclose may be rounded to the nearest $100,000. Your “as of” date must not be more than 90 days before the date you last updated your brochure in response to this Item 4.E As of December 31, 2023, FountainCap manages $1,686,083,609 regulatory assets under management.