Greenwoods Asset Management Limited

Item 5.         Fees and Compensation

Greenwoods receives certain fees for its investment management services to the Funds. The following table
identifies each Fund’s management fee and performance fee:

                      Fund                                          Fee Terms (Mgt. Fee/Perf. Fee)1
                                                                           1.5%/20%
Golden China Fund
                                                       (No management fee and performance fee for Class B)
Golden China US Fund
                                                                           1.5%/15%*
Golden China Plus Fund                              (* 15% of the outperformance over MSCI China USD Index)
Golden China Plus (US) Fund                            (No management fee and performance fee for Class C)

                                                                          2.0%/20%
Greenwoods China Alpha Fund
                                                       (No management fee and performance fee for Class C)
Greenwoods China Alpha (US) Fund
                                                                    1.5%/20% for Class A
Greenwoods Balanced Fund     (formerly                              2.0%/20% for Class B
known as Greenwoods A-Share                            (No management fee and performance fee for Class C)
        Opportunities Fund)
Greenwoods Balanced (US) Fund
(formerly known as Greenwoods A-Share
Opportunities (US) Fund)

                                                                  2%/20% for Classes A, C, D
Greenwoods China Healthcare Fund                    Tiered management fee and performance fee for Class B2 (No
Greenwoods China Healthcare (US) Fund                    management fee and performance fee for Class E)

The Funds also pay other fees and expenses including, but not limited to, administration, custody,
accounting and tax, audit, broker, legal, regulatory compliance and trading. Investors in the Funds should
refer to the respective Fund’s offering document for complete information on other fees and expenses.

Managed Accounts also pay fee(s) to Greenwoods and the fee terms are negotiated on an individual basis,
and are subject to confidentiality agreements with the investors.

    Each identified management fee term is presented as an annualized rate and is calculated based on net asset value of
     the respective Fund. Management fees are generally calculated and payable at the end of each month at the feeder
     level.

    Management fee is at a rate of 1.25% if the amount of the aggregate subscriptions is less than US$100 million and
     at a rate of 1% if the aggregate subscriptions is equal to or in excess of US$100 million. Performance fee is at a
     rate of 15% if the amount of the aggregate subscriptions is less than US$100 million; 13% if the amount of the
     aggregate subscriptions is equal to or in excess of US$100 million but less than US$200 million; and 10% if the
     amount of the aggregate subscriptions is equal to or in excess of US$200 million,

FORM ADV PART 2A                   GREENWOODS ASSET MANAGEMENT LIMITED                         MARCH 31, 2021

Item 7.     Types of Clients

As previously described, Greenwoods provides investment advice to pooled investment vehicles and
separately managed accounts.

Generally, an investor in one of Greenwoods’ pooled investment vehicles is required to open an account
with a minimum of US$500,000, except for the Greenwoods Balanced Fund and Greenwoods China
Healthcare Fund whose minimum initial investment is US$1,050,000 and US$1,000,000 respectively. For
US investors, they are required to satisfy the standard of “Accredited Investor” and “Qualified Purchaser”
of the Investment Company Act of 1940. The minimum investment may be raised, reduced, or waived by
Greenwoods, provided the minimum amount accepted is not less than that required under Cayman law and
any other applicable laws.