CICC Alpha Investment Management USA LLC

ITEM 5: FEES AND COMPENSATION

   a) Compensation

CICC ALPHA receives a management fee from the Fund based on the commitment of limited partners during
the Investment Periods and based on the amount of Actively Invested Capital post Investment Periods, each
of these terms as defined in the Fund’s Limited Partnership Agreement (“LPA”). The Fund(s) typically pay
CICC ALPHA and its sub-adviser a quarterly asset-based management fee in arrears at a rate to be determined
but typically would be equal to 0.5% (2.00% per annum) of the commitment amount before February 2022 and
of the Actively Invested Capital post February 2022 (the “Management Fee”).

CICC ALPHA may waive or reduce the Management Fee or amend any other restrictions with regard to investors
that are employees or affiliates of CICC ALPHA, relatives of such persons, and for certain strategic investors.

   b) Billing

Management fees are deducted from the accounts of Fund after calculation of the fee amount by the Fund
administrator and capital call to the limited partners on a quarterly basis.

   c) Other Expenses

Clients are responsible for and do incur other expenses separate and apart from CICC ALPHA’s management
and performance based fees. These expenses typically include fees charged by the Fund, custody fees,
transaction fees, and/or expenses associated with the investment vehicle in which assets are invested.

   d) Advance Billing

As discussed above, with respect to the Fund managed by CICC ALPHA, the management fee payable is
calculated and paid quarterly in arrears. Investors in the Fund who withdraw will generally not be refunded
any portion of the management fee payable for that calendar quarter.

   e) Sales-based Compensation

Not applicable. Neither CICC ALPHA nor any of its employees or affiliates accepts additional compensation for
the sale of securities or other services or other investment services or products.

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ITEM 7: TYPES OF CLIENTS:

CICC ALPHA provides investment advisory services to a certain private investment fund organized as a limited
partnership. The Fund qualifies for exemption from the definition of an investment company” under the
Investment Company Act of 1940, as amended (the “Investment Company Act”) under Section 3(c) (1) or
Section 3(c) (7) of the Investment Company Act, and CICC ALPHA offers interests to Investors pursuant to
Regulation S under the Securities Act of 1933, as amended (the “1933 Act”).

The minimum investment in the Fund advised by CICC ALPHA is typically $2,000,000, although the Fund may
accept investments in a lesser amount.

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