ETNA Capital Management Company Limited

Item 5 – Fees and Compensation
Etna Capital receives a sub advisory fee from the advisor of the ETF based upon the net management
fee received by the advisor. The sub advisory fee is accrued daily and payable monthly. Sub advisory
fees are negotiated at the time Etna Capital’s sub advisory contract is entered into.

For services provided to the Offshore Funds, Etna Capital is paid a management fee expressed as a
percentage of the fund assets under management. Please refer to the Shixiang Global Flagship Fund
L.P. and the Etna AGI Feeder Fund offering documents for detailed descriptions of the actual fees

and expenses.

As compensation for its advisory services provided to the Offshore Funds, Etna Capital receives
management fees based on the assets under management, payable in advance on a monthly, as set
forth in the offering documents of each respective Offshore Fund. The management fee is not
negotiable, although Etna Capital retains the discretion to waive fees for one or more investors, in
whole or in part.

Etna Capital is entitled to be reimbursed for out-of-pocket expenses incurred in the course of its
duties as specified in Offshore Fund offering documents. If any such expenses are incurred, they are
typically billed quarterly and alongside management fees. Investors should review the expanded
summary of expenses in each respective Funds’ private offering memoranda.

Etna Capital does not require investors to pay any advance fees.

Neither Etna Capital nor any supervised person accepts compensation for the sale of securities or
other products, other than as described in this Item 5 and in Item 6 below and related references
throughout this brochure.

Item 7 – Types of Clients
Etna Capital provides investment advisory services to the Offshore Funds as well as the ETF.

Shares of the ETF are listed on a national exchange and trade in the secondary market. Initial and
subsequent investment minimums for shareholders of the ETF are disclosed in the ETF’s
prospectus.

Underlying investors in the Offshore Funds are generally required to be Accredited Investors and
Qualified Purchasers. Initial and additional subscription minimums for investors in the Offshore
Funds are disclosed in each respective Offshore Fund’s offering documents