Nezu Asia Capital Management Limited (“Nezu HK”), Nezu Asia Capital Management, LLC (“Nezu USA”) and Nezu Asia Capital Limited, Japan Branch (“Nezu Japan” and together with Nezu HK and Nezu USA, “Nezu Asia”) are investment advisers that seek investment opportunities in the Asian region. Nezu Asia has staff based in Hong Kong, New York and Tokyo. The use of the term Nezu Asia herein refers to all or some of Nezu HK, Nezu USA and/or Nezu Japan as the context requires. Nezu HK provides discretionary investment advisory services to a private investment fund (the “Fund”). The Fund is open only to certain financially sophisticated and high-net worth individuals and entities (“Investors”), as further discussed in Item 7. Nezu HK also provides discretionary investment advisory services to separately managed accounts (each an “Account”). Use of the term “Client” throughout this Brochure may refer to the Fund and/or the Accounts managed by Nezu Asia. Nezu HK was organized in February 2004 under the laws of Hong Kong and is licensed by the Securities & Futures Commission of Hong Kong as a Type 9 Asset Manager. Until October 2010, Nezu HK conducted business under the name of Nezu Asia Limited. Currently, Nezu HK is owned indirectly by David Snoddy and Richard Kincaid. Darren Winia and Su Kwan Lee serve as the directors of Nezu HK. Nezu HK provides discretionary investment advisory services and serves as the manager to the Fund. Nezu USA, a Delaware limited liability company, was formed in November 2010, and provides non-discretionary investment advisory services to Nezu HK pursuant to an investment advisory agreement with Nezu HK, for the benefit of the Fund (described below) as well as certain of the Accounts. Nezu USA is owned indirectly by David Snoddy. Nezu Japan, the Japan Branch of a Hong Kong company, was incorporated in June 2015 and provides non-discretionary investment advisory services to Nezu HK pursuant to an investment advisory agreement with Nezu HK, for the benefit of certain of the Accounts. Nezu Japan is a financial instruments firm engaging in investment advisory/agency and Type II financial instruments firm businesses and is registered with the Kanto Local Finance Bureau under the Financial Instruments and Exchange Law of Japan. Nezu Japan is owned indirectly by David Snoddy. Speedwell Fund Nezu

Speedwell Fund, Ltd., a Cayman Islands exempted company, primarily holds long and short positions in equity securities in accordance with the Speedwell Strategy further described herein (hereinafter referred to as the “Fund”). Nezu HK does not tailor its advisory services to the individual needs of investors in the Fund (“Investors”), nor does it accept Investor-imposed investment restrictions. Nezu HK’s investment decisions and advice with respect to the Fund are subject to the Fund’s investment objectives and guidelines. Nezu HK has broad and flexible investment authority with respect to the Fund. All relevant information about the Fund, including the terms and investment objectives and strategies applicable to the Fund, are set forth in the confidential private offering memorandum, and subscription agreement (the “Offering Documents”), which each Investor is required to receive and/or execute prior to being accepted as an Investor in the Fund. Nezu HK may, from time to time, enter into letter agreements or other similar agreements (collectively, “Side Letters”) with one or more Investors that provide such Investors with additional and/or different rights or terms than those set forth in the Offering Documents. Such agreements may, among other things, be based on the size of the Investor’s investment in the Fund or related investment entity, an agreement by an Investor to maintain such investment in the Fund or related investment entity for a significant period of time, or other similar commitment by an Investor. In relation to the Accounts that are managed by Nezu HK, Nezu HK has (i) tailored the investment objectives to the specific objectives/restrictions of the Account; and/or (ii) individually negotiated the terms and fees for the Account, which are different to the terms and fees than those of the Fund. It should also be noted that any Account relationships are generally subject to significant account minimums. As of December 31, 2022, Nezu HK managed US$64,737,027 regulatory assets under management on a discretionary basis. Nezu USA and Nezu Japan managed those assets on a non-discretionary basis. Clients may contact Nezu Asia to request a copy of the monthly Fund portfolio transparency snapshot by contacting the Chief Compliance Officer, Su Kwan Lee at +852 3151 3500.