Mason Investments Limited is an investment adviser registered with the United States Securities and Exchange Commission (“SEC”) and is a corporation formed under the laws of Hong Kong, China.
• Effective March 1, 2022, Allen Chi is the 100% sharesholder, Executive Officer, and Chief Compliance Officer of Mason Investments Limited.
• Mason Investments Limited filed its initial application to become registered as an investment adviser in May 2013. Introduction The investment advisory services of Mason Investments Limited are provided to the client through an investment adviser representative of Mason Investments Limited (referred as the investment adviser representative throughout this brochure). Description of Services The following are descriptions of the primary advisory services of Mason Investments Limited. Please understand that a written agreement, which details the exact terms of the service, must be signed by the client and Mason Investments Limited before we can provide the client the services described below. Continuous and Regular Supervisory Services– Mason Investments Limited offers supervisory services to high-net-worth domestic and foreign institutions. Mason Investment Limited does not execute the initial purchase of or invest in the investment on behalf of the foreign institutions. The institution must appoint our firm as the investment adviser of record on the specified investments kept in book entry form by the issuer/transfer agent and any separate account in the name of the investor held at a qualified custodian for the investments (collectively, the “Account”). The Account consists only of these investments. If the investment is transferrable (without the issuer or transfer agent’s permission) and kept in certificate form, it will be held in separate account(s) by qualified custodian(s) under the investor’s name; the qualified custodian(s) will maintain physical custody of the investments of the Account. If the investment is a private placement, restricted/non-transferrable (without the issuer or transfer agent’s permission) and recorded only on issuer/transfer agent’s books, then it will not be held in a separate account with a qualified custodian and instead be kept under the investor’s name in book entry form with the issuer or transfer agent. Regardless of whether the investment is held at a qualified custodian or in book entry through the issuer/transfer agent, the investor will retain all rights of ownership of the Account. The Account is managed by us based on the financial situation, investment objectives and risk tolerance. We actively monitor the Account and provide advice regarding buying, selling, reinvesting or holding securities, cash or other investments of the Account. We will need to obtain certain information from the investor to determine his or her financial situation and investment objectives. The investor will be responsible for notifying us of any updates regarding his or her financial situation, risk tolerance or investment objective and whether the client wishes to impose or modify existing investment restrictions. However, we will contact him or her at least annually to discuss Mason Investments Limited

Page 5 Form ADV Part 2A Disclosure Brochure any changes or updates regarding the client’s financial situation, risk tolerance or investment objectives. We are always reasonably available to consult with the investor relative to the status of his or her Account. The investor will have the ability to impose reasonable restrictions on the management of his or her accounts, including the ability to instruct us not to purchase certain securities. It is important that the investor understand that we manage investments for other clients and may give them advice or take actions for them or for our personal accounts that is different from the advice we provide to the investor or actions taken for the investor. We are not obligated to buy, sell or recommend to the investor any security or other investment that we may buy, sell or recommend for any other clients or for our own accounts. Conflicts may arise in the allocation of investment opportunities among accounts that we manage. We strive to allocate investment opportunities believed to be appropriate for the Account and other accounts advised by our firm among such accounts equitably and consistent with the best interests of all accounts involved. However, there can be no assurance that a particular investment opportunity that comes to our attention will be allocated in any particular manner. If we obtain material, non-public information about a security or its issuer that we may not lawfully use or disclose, we have absolutely no obligation to disclose the information to any client or use it for any client’s benefit. Specialization Mason Investments Limited specializes in working with domestic and foreign institutions. Limits Advice to Certain Types of Investments Mason Investments Limited provides investment advice on the following types of investments:
• Securities Properly Exempted from Registration Although we generally provide advice only on the products previously listed, we reserve the right to offer advice on any investment product that may be suitable for each client’s specific circumstances, needs, goals and objectives. (Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more information.) Tailor Advisory Services to Individual Needs of Clients Mason Investments Limited’s advisory services are always provided based on the client’s individual needs. We work with the client on a one-on-one basis through interviews and questionnaires to determine the client’s investment objectives and suitability information. We will not enter into an investment adviser relationship with a prospective client whose investment objectives may be considered incompatible with our investment specialization, philosophy or strategies or where the prospective client seeks to impose unduly restrictive investment guidelines. Mason Investments Limited Page 6 Form ADV Part 2A Disclosure Brochure Client Assets Managed by Mason Investments Limited Mason Investments Limited has $65 million total assets under management as of the date of this Brochure:
• Americas Global Alliance, LP with $33 million
• JMIR Austin TX Hotel Fund, L.P. with $32 million