Global Voyager Fund HK Company Limited

ITEM 5: FEES AND COMPENSATION

       This section contains a summary of the fees and expenses that are typically charged to the
Fund. Please refer to the offering documents for the Fund for detailed information regarding fees
and expenses specific to the Fund. sets forth the specific fees and other material terms regarding
an investment in the Fund.

       Management Fee

       All Fund pays a management fee to Global Voyager semi-annually in advance in respect
of each limited partner of the Fund (a “Limited Partner”) (other than any of the General Partner,
Pin An and/or its respective affiliates (including the Carried Interest Partner) who is a Limited

Partner of the Fund (each, a “Related Limited Partner”)). The management fee with respect to
each Limited Partner is equal to (i) 2% per annum of such Limited Partner’s capital commitments
during the investment period and (ii) thereafter, 2% per annum of such Limited Partner’s aggregate
capital contributions to unrealized portfolio investments held by the Fund.

        The Management Fee is reduced on a dollar-for-dollar basis by 100% of any direct or other
fee income, arrangement fees, directors’ fees, monitoring fees, break-up fees or any other similar
fees or commissions received by the General Partner, Global Voyager, Ping An or any of their
respective affiliates in connection with the business of the Fund, including the making, holding or
disposing of portfolio investments.

       Fund Expenses

        Global Voyager, the General Partner and their respective affiliates are responsible for
 ordinary operating expenses of the General Partner and Global Voyager, lease or other payments
 for the General Partner’s or Global Voyager’s office space, utilities and office equipment,
 salaries and benefits of the employees of the General Partner and Global Voyager.

         The Fund bears all reasonable expenses related to its operation, including (i) fees, costs
 and expenses related to the purchase and sale, or proposed purchase and sale, of portfolio
 investments (including travel and other than any out of pocket expenses of officers and
 employees of the General Partner and Global Voyager), (ii) the management fees, (iii) taxes, (iv)
 fees of auditors, consultants and counsel, (v) costs of directors and officers insurance, (vi)
 litigation costs, (vii) costs and expenses of the advisory committee and (viii) costs and expenses
 associated with meetings of the Limited Partners (“Fund Expenses”).

       The Fund will reimburse the General Partner for up to $2 million of the Fund’s
organizational expenses, including legal, accounting, filing and other organizational expenses
(“Organizational Expenses”). Organizational Expenses exceeding $2 million will be borne by
the General Partner.

       Other Expenses

       Each Limited Partner is solely responsible for all of its own legal and tax counsel expenses
and any out-of-pocket expenses incurred in connection with its admission to the Fund, or the
maintenance, transfer or withdrawal of its commitments thereto.

      All respective fund expenses are outlined in more detail in the Fund’s governing
documents.

         ITEM 6: PERFORMANCE FEES AND SIDE-BY-SIDE MANAGEMENT

         Generally, Ping An Global Voyager Fund CI Co., Ltd, an exempted company with limited
liability incorporated under the laws of the Cayman Islands (the “Carried Interest Partner”), is

entitled to receive a carried interest out of distributions of net cash proceeds attributable to the
disposition of portfolio investments in portfolio companies (other than short-term portfolio
investments) (if any), as well as distributions of securities in kind, together with any dividends and
interest income received with respect to portfolio investments in portfolio companies.

The Carried Interest Partner may invest capital in the Fund as a limited partner and also be entitled
to receive any Carried Interest that is payable to the Carried Interest Partner in accordance with
the Fund’s governing documents.

ITEM 7: TYPES OF CLIENTS

          Global Voyager’s current client is the Fund. Each investor of the Fund is required to
represent, among other customary private placement representations, that it is: (i) an “accredited
investor” as defined in Regulation D under the United States Securities Act of 1933, as amended
(the “Securities Act”), (ii) a “qualified purchaser” as defined in the U.S. Investment Company Act
of 1940, as amended (the “Company Act”) and (iii) acquiring the interests in the Fund for
investment purposes only and not for resale or distribution. Unless otherwise agreed by the Fund,
each non-U.S. investor of the Fund is required to represent in its subscription documents that,
among other things: (i) it is not a U.S. person; (ii) it will not transfer or deliver all or any part of
its Interests except in accordance with the restrictions set forth in the Fund’s governing documents;
(iii) it will notify the Fund immediately if the investor becomes a U.S. person at any time during
which the investor holds or owns any interests in the Fund; (iv) it is not subscribing on behalf of
or funding its capital commitment with funds obtained from U.S. persons; (v) it is acquiring its
interests in the Fund for its own account for investment purposes only and not with a view to resale
or distribution; and (vi) all offers to sell and offers to buy the Interests were made to or by the
investor while the investor was outside the United States and at the time that the investor’s order
to buy the interests in the Fund was originated the investor was outside the U.S.

         Additionally, each Limited Partner is required to make a minimum capital commitment of
at least $25,000,000, unless otherwise agreed by the General Partner in its sole discretion.

ITEM 8: METHOD OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS

       Investment Strategy

        Global Voyager directs the investment program of the Fund and follows an investment
strategy consistent with the historical approach of the Predecessor Fund. Specifically, Voyager
Partners targets 12-18 investments of $15-35 million in “growth stage” minority investments in
fintech, healthtech and related sectors around the world. Global Voyager defines “growth stage”
businesses as those that have achieved product-market fit, have meaningful revenues and viable
unit economics, and are at a point of inflection on their path to widespread commercial traction.
Typically, such businesses have been in existence for more than five years and are at a Series C or
beyond funding stage.

        Global Voyager believes that businesses at this stage of development can be attractive
investment targets for several reasons. First, they are of sufficient substance to provide a
meaningful basis for rigorous analysis. Second, businesses at this stage generally possess a more
moderate operational risk profile than early stage businesses. Third, “downside” investment
protections common in venture financings have more intrinsic value when the underlying business
is more substantial. Finally, strategic engagement with large institutions like Ping An is more
feasible for businesses that are more mature.

       As with the Predecessor Fund, the Fund’s bias is toward investments where an affiliation
with Ping An has the potential to meaningfully accelerate a target company’s growth. Examples
of ways in which an affiliation with Ping An can be additive to a Voyager Partners portfolio
company include consumption of a company’s product or service by Ping An; delivery by Ping
An of scale distribution channels in China; and acceleration of a company’s technology
development via use of existing microservices and other technology developed in-house by Ping
An. Global Voyager has utilized these value enhancing strategies in the past for various
Predecessor Fund and Voyager Partners investments.

        Global Voyager invests in privately-negotiated established growth stage companies which
can be meaningfully valued and analyzed with (i) protective contract provisions to reduce
investment risks and (ii) potential strategic synergy and partnership with Ping An to facilitate its
expansion in China’s market. Global Voyager principally invests in Series C or beyond in
companies, primarily in regions such as, North America, Europe and Israel, with an opportunistic
focus on Asia in sectors including but not limited to: (i) fintech (e.g., emerging ecosystems,
infomediary or retail platforms, and next generation B2B tools); and (ii) healthtech (e.g.,
telehealth and triage chronic disease management and fitness and wellness).

       Global Voyager places high importance on environmental, social and governance
(“ESG”) issues across the organization. Every employee of Global Voyager is responsible for
ESG matters. Global Voyager maintains an ESG policy that applies to all of its investment
analyses.

        Additionally, Global Voyager has historically utilized the experience of Ping An subject
matter experts in evaluating investment opportunities. Global Voyager intends to continue to make
use of Ping An experts on behalf of Voyager Partners. Additionally, since its inception, Global
Voyager has maintained a relationship with McKinsey & Company (“McKinsey”), the global
strategy consulting firm. As part of that relationship, McKinsey provides Global Voyager with
access to its global partner network. In every investment Global Voyager has made to date, Global
Voyager utilized McKinsey experts as part of the diligence process.

       Certain Risk Factors

        There are significant risks associates with an investment in the Fund. An investment in the
Fund may not be suitable for all investors. It is intended only for sophisticated investors who can
accept the risks associated with such an investment, including complete loss of their investment.

There can be no assurance that any of the Fund’s objectives, including its target rate of return, will
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