Green Court is a Hong Kong corporation that was formed in August 2016. Green Court is a wholly owned subsidiary of Green Court Management Holdings LLC which is, in turn, owned by Green Court Capital Holdings Limited and Neuberger Berman Group LLC as a passive minority investor. Green Court Capital Holdings Limited is owned by Frank Yao and certain employees of Green Court. Green Court is also licensed with and regulated by the Hong Kong Securities and Futures Commission to undertake various investment management activities, including advising on securities (“Type 4”) and asset management (“Type 9”) under the Securities and Futures Ordinance of Hong Kong. Green Court is also registered in Canada as an adviser under the category of portfolio manager in the Canadian provinces of Alberta, British Columbia, Ontario and Quebec. Types of Advisory Services Green Court provides the following types of investment management services: A. Separate Accounts Green Court provides ongoing discretionary investment management services to institutional clients by way of separately managed accounts (“Separate Accounts”). These Separate Accounts may invest in the same strategies employed by one or more of the Funds described below, or in customized strategies based on those employed by one or more of the Funds. The investment strategies employed for Separate Accounts may differ from those for the Funds described below with respect to, among other things, use of leverage, use of concentration limits as to certain types of investments, information rights and other client-directed portfolio guidelines. B. Funds Green Court currently provides discretionary investment management services to the following pooled investment vehicles (the “Funds”): Private Funds Green Court acts as the investment manager to the following privately offered funds (“Private Funds”):
• Green Court Greater China Long/Short Equity Fund, Ltd. and Green Court Greater China Long/Short Equity Master Fund, Ltd. (collectively the “Green Court Greater China Long/Short Equity Funds”);
• Green Court Greater China Long-Only Equity Fund LLC, Green Court Greater China Long- Only Equity Fund Ltd. and Green Court Greater China Long-Only Equity Master Fund Ltd. (collectively the “Green Court Greater China Long-Only Equity Funds”);
• Green Court China Opportunity Fund LLC, Green Court China Opportunity Fund Ltd. and Green Court China Opportunity Master Fund Ltd. (collectively the “Green Court China Opportunity Funds”); and
• Green Court China Emerging Champions Fund Ltd. and Green Court China Emerging Champions Master Fund Ltd. (collectively the “Green Court China Emerging Champions Funds”). Green Court Greater China Long/Short Equity Funds The Green Court Greater China Long/Short Equity Funds are managed by Green Court and currently closed for subscription to external investors. The Green Court Greater China Long/Short Equity Funds are structured in a “master-feeder” form, whereby investors make capital contributions to the feeder fund, Green Court Greater China Long/Short Equity Fund, Ltd., which in turn contribute all or substantially all of their capital to the master fund, Green Court Greater China Long/Short Equity Master Fund, Ltd., wherein the investment trading program is conducted. Green Court Greater China Long-Only Equity Funds The Green Court Greater China Long-Only Equity Funds are managed by Green Court. An affiliate of Green Court, Green Court General Management (Cayman) Limited, acts as the managing member of Green Court Greater China Long-Only Equity Fund LLC. The Green Court Greater China Long-Only Equity Funds are structured in a “master-feeder” form, whereby investors make capital contributions to either of the feeder funds, Green Court Greater China Long-Only Equity Fund Ltd. or Green Court Greater China Long-Only Equity Fund LLC, which in turn contribute all or substantially all of their capital to the master fund, Green Court Greater China Long-Only Equity Master Fund Ltd., wherein the investment trading program is conducted. Green Court China Opportunity Funds The Green Court China Opportunity Funds are managed by Green Court. An affiliate of Green Court, Green Court General Management (Cayman) Limited, acts as the managing member of Green Court China Opportunity Fund LLC. The Green Court China Opportunity Funds are structured in a “master-feeder” form, whereby investors make capital contributions to either of the feeder funds, Green Court China Opportunity Fund Ltd. or Green Court China Opportunity Fund LLC, which in turn contribute all or substantially all of their capital to the master fund, Green Court

China Opportunity Master Fund Ltd., wherein the investment trading program is conducted. Green Court China Emerging Champions Funds The Green Court China Emerging Champions Funds are managed by Green Court. The Green Court China Emerging Champions Funds are both exempted companies incorporated under the laws of the Cayman Islands and have been incorporated to operate as private funds. Substantially all of the capital of the Green Court China Emerging Champions Fund Ltd. is invested via a “master-feeder” structure into Green Court China Emerging Champions Master Fund Ltd., wherein the investment trading program is conducted. The Green Court China Emerging Champions Master Fund Ltd., will serve as the master fund for Green Court China Emerging Champions Fund LLC, a Delaware, U.S.A. limited liability company formed to facilitate investments by certain U.S. Persons in the Green Court China Emerging Champions Master Fund Ltd.. Green Court China Emerging Champions Fund LLC has not yet commenced operations but may do so in the future. Shares or limited partnership interests in the Private Funds will not be registered under the U.S. Securities Act of 1933, as amended; nor will the Funds be registered under the Investment Company Act of 1940, as amended. Accordingly, interests or shares in the Funds will be offered and sold exclusively to investors satisfying the applicable eligibility and suitability requirements, either in private transactions within the United States or in offshore transactions. Registered Fund Green Court acts as sub-investment manager or sub-adviser, as the case may be, to the below registered open-ended fund (“Registered Fund”):
• Neuberger Berman Investment Funds plc (“NBIF plc”) – Neuberger Berman China Equity Fund (the “NB China Equity (UCITS) Fund”); NB China Equity (UCITS) Fund The NB China Equity (UCITS) Fund is a sub-fund of NBIF plc, an investment company with variable capital incorporated in Ireland as a public limited company and structured as an umbrella fund with segregated liability between sub-funds. NBIF plc is authorized by the Central Bank of Ireland as an undertaking for collective investment in transferrable securities (“UCITS”) pursuant to the European UCITS regulations. Neuberger Berman Asset Management Ireland Limited is the appointed investment manager of NBIF plc and has engaged Green Court, as a sub-investment manager, to provide investment management services for the NB China Equity (UCITS) Fund. The Separate Accounts will include entities owned by high net worth individuals and institutional organizations. The Separate Accounts and Funds to which Green Court provides investment management services are collectively referred to in this Brochure as “Client Accounts.” For information about the investment strategy of Green Court, see the discussion under “Item 8. Methods of Analysis, Investment Strategies and Risks of Loss”. Further details regarding the investment objective for the Funds can be found in the offering memoranda and other governing documents. Green Court may engage a third-party to act as sub-adviser or sub-investment manager for a Client Account. Green Court uses the services of Green Court Capital Management Consulting (Shanghai) Company Limited (“GCCM Shanghai” or the “Participating Affiliate”) to provide research on China equities under the terms of a Participating Affiliate Agreement (“PAA”) based upon guidance in no-action letters issued by the SEC Staff. Client Tailored Services and Client Tailored Restrictions Green Court generally provides its investment management services, both in respect of Separate Accounts and Funds, pursuant to a discretionary investment management agreement. For its Separate Account clients (see Item 16), the clients may impose restrictions on investing in certain securities, types of securities or financial instruments in accordance with their particular investment objectives and policies. Green Court may decide not to accommodate investment restrictions deemed to be unduly burdensome or incompatible with Green Court’s investment approach. For its Funds, Green Court’s advisory services are performed in accordance with the terms of each investment management agreement. Each Fund may impose investment restrictions or guidelines as it deems appropriate to achieve its particular investment objective. Such investment restrictions and/or guidelines are typically described in the respective private placement memorandum, prospectus or other offering document (the “Offering Document”) for each Fund. Assets Under Management Discretionary Amounts: Non-Discretionary Amounts: Date Calculated: $5,436,997,744 $0 12/31/2023