Founded in 2007, Aletheia Analyst Network Limited (“Aletheia”, “we”, “our”, or “us”) provides investment research advisory services to institutional investors. We do not provide services to individual investors. The principal owner of Aletheia is Aletheia Capital Limited, a Hong Kong based corporation. The principal owner of Aletheia Capital Limited is Syed Ali Raza Naqvi, Group CEO. We aim to provide fund managers with access to the best independent investment research, covering predominantly the markets and securities of the Asia Pacific region, but also global macro‐economic strategy. We meet with clients on a regular basis to assess their research requirements. Based on this understanding we recommend to our clients’ independent research products that are most relevant to their investment strategies and mandates. We do not hold or manage client assets. Our research services include:  Fundamental company and sector investment research for the following sectors: Global Technology Hardware (with an Asia focus), Asia Financials, Asia Energy, China Internet, India and Thai equities.  Macro‐economic research: Global Strategy, Asia Economics, Asia equity strategy, China Strategy, Global Technology thematic strategy.  Products and services of select third party independent research providers that we have partner relationships with. . The methods of analysis used in our research products are outlined in Item 5 of this document. Third Party Independent Research Providers Aletheia has partner relationships with over 30 independent research

providers (“IRP”). The IRPs mainly focus on the markets and securities of the Asia Pacific region or provide global analysis of interest to investors in Asian markets. The IRPs employ a broad variety of research approaches including: fundamental company analysis, sector and industry analysis, economic forecasting, technical analysis, impacts of government policies and geopolitical events, forensic accounting, corporate governance studies and a number of other specialist fields. Prior to partnering with an IRP, we perform due diligence on the firm, key staff and research processes. We monitor the ongoing quality of written research and solicit client feedback on the overall service provided by the IRP to the client. Firm History Enzard Limited, was founded in 2003 by Richard Antony Wallace. The firm provided independent investment research management for institutional investors world‐wide and built a reputation as a unique source of unbiased information on the independent research space in Asia. IND‐X Securities (Asia) Limited was founded in 2007 to capitalize on regulatory changes in the investment banking sector and structural changes introduced by MiFID. To leverage synergies between the businesses, IND‐X merged with Enzard Limited in 2012. In January 2013, the IND‐X was purchased by its management team, Richard Antony Wallace and Roderick Mark Waters. In October 2014 the firm was renamed to IND‐X Advisors Limited. In March 2019, the firm was acquired by Aletheia Capital Limited and renamed to Aletheia Analyst Network Limited in May 2019.