Overview
4
Advisory Firm
Library Research Limited (“Library”, “we” or the “Firm”) is a Hong Kong Limited Liability
Company incorporated in Hong Kong on 2 November 2017 and acts as the investment manager
to Library Group Volume I, Library Group Volume II, Library Group Volume III and Wen Yuan
Ltd. (collectively, the “Funds”). The Funds are incorporated in the Cayman Islands as
exempted companies with limited liability.
The Firm is wholly owned by Library Group, which is owned by Ziyin Jin. The Firm is currently
controlled by Library Group and Ziyin Jin.
Types of Services Offered
The principal activity of Library is to provide discretionary investment management services
including investment advisory services, specializing in Greater China equities investments.
The Firm provides investment management services to the Funds based on specific investment
objectives and strategies. The Funds offering documents (as amended and supplemented from
time to time) set forth the investment guidelines and/or the types of investments in which the
assets of the Funds may invest.
Ability to Tailor Services and Impose Restrictions
The investment objectives and strategy for the Funds are described in the
Funds offering
documents. Library provides investment management services to the Funds based on the
specific investment objectives and strategies of the Funds and not individually to investors in the
Funds (the “Investors”). Since the Firm does not provide tailored advice to the Fund’s
Investors, such investors should consider whether the Fund’s investment strategies are in line
with their risk tolerance. The Funds may from time to time enter into side letter agreements
or other similar agreements (“Side Letters”) providing investors with additional and/or
different rights and benefits. Directors may also reduce the minimum subscription amounts in
consultations with the Firm, subject to requirements by applicable laws.
Wrap Fee Programs
The Firm does not participate, sponsor or act as a portfolio manager for any wrap fee
programs.
Client Assets
As of December 31, 2023, Library together with its affiliate had approximately
US$1,138,490,584 assets under management, all of which it manages on a discretionary basis.
The performance of the Funds will be reported, fees will be calculated, and all subscriptions
and redemptions will be transacted, in US dollars (US$).