Jasper Capital Hong Kong Limited

Item 5 – Fees and Compensation

A. Describe how you are compensated for your advisory services. Provide your fee schedule.
   Disclose whether the fees are negotiable.

For services provided to each Fund, the Fund pays us a management fee expressed as a percentage of
the fund assets under management. JCHK currently manages one fund, for which the details are
provided below:

    1) Fees for Jasper China Tactical Opportunities SPC Mount Columbia SP “the Mt Columbia
       Fund”

        Management Fee: Class A/B/C/F: 2%/1.5%/1.25%/0.65% per annum, respectively

        Performance Fee: Class A/B/C/F: 20%/18%/15%/8% on distribution/redemption

        Subscription Fee: 0% of the Subscription Price.

      Redemption Fee: 1% of the Net Asset Value of the Participating Shares if redeem within 12
months (the Soft Lock Up Period)

Please refer to the Mt. Columbia Fund offering documents for detailed description of the actual fees
and expenses.

JCHK also manages 2 segregated accounts or SMAs. The fees for a separately managed account will
range between 1-1.5% for management fees with a 20-30% for performance fees and are negotiated
with each client separately. The fees for segregated account management will be negotiated based on
account size, investment mandate, and whether the account is billed monthly or quarterly in arrears.
If billed quarterly in arrears, the fee will typically be based on the value of the account as of the last
day of the previous quarter. Although, under certain circumstances the fee may be based on an average
of the month-end account values, if agreed to with the client. JCHK reserves the right, in its sole
discretion, to agree to fees outside the ranges disclosed in this Brochure.

B. Describe whether you deduct fees from clients’ assets or bill clients for fees incurred. If
   clients may select either method, disclose this fact. Explain how often you bill clients or
   deduct your fees.

JCHK will bill the client and the management fee will be paid within 15 days after the end of each
quarter.

C. Describe any other types of fees or expenses clients may pay in connection with your
   advisory services, such as custodian fees or mutual fund expenses. Disclose that clients
   will incur brokerage and other transaction costs, and direct clients to the section(s) of your
   brochure that discuss brokerage.

JCHK is entitled to be reimbursed for out of pocket expenses incurred in the course of its duties.
These are aggregated with the management fee and billed on a quarterly basis.

D. If your clients either may or must pay your fees in advance, disclose this fact. Explain
   how a client may obtain a refund of a pre-paid fee if the advisory contract is terminated
   before the end of the billing period. Explain how you will determine the amount of the
   refund.

JCHK does not require clients to pay any advance fees.

E. If you or any of your supervised persons accepts compensation for the sale of securities or
   other investment products, including asset-based sales charges or service fees from the
   sale of mutual funds, disclose this fact and respond to Items 5.E.1, 5.E.2, 5.E.3 and 5.E.4.

Neither JCHK 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

Describe the types of clients to whom you generally provide investment advice, such as
individuals, trusts, investment companies, or pension plans. If you have any requirements
for opening or maintaining an account, such as a minimum account size, disclose the
requirements.

JCHK provides investment advisory services to the Funds and to the separately managed accounts of
institutional clients including financial services firms and pooled investment vehicles as well as a
Registered Investment Company (collectively “Clients”). JCHK may also provide services to family
offices or high net worth individuals. For segregated accounts, an initial amount of US$25M will
generally be required. JCHK may accept a lower minimum in its exclusive discretion.