New Silk Road Investment PTE Ltd

ITEM 5: FEES AND COMPENSATION

We are compensated for our investment advisory services by way of a management fee and/or a
performance fee, both of which are described more fully below.

The table below shows our standard management fee schedules. Such fees and other compensation
may be negotiated in certain circumstances and arrangements with any particular Client may vary
from time to time. The performance fees for each Client are calculated based on the calculation
methodology and/or rates as stated in the relevant Fund’s PPM or Account’s IMA.

   Strategy                                     Management Fee Schedule
   Asia ex-Japan Equities Strategy              Up to 1.0%
   Chinese Equities Strategy                    Up to 0.75%
   South East Asian Strategy                    Up to 1.0%

The management fees and performance fees paid by the Clients are paid through a deduction by
the Client’s custodian or Fund Administrator of such fees from the Client’s account.

Fund Fees and Expenses

Management Fee
Each Fund that we manage pays us a monthly management fee with respect to each class of
participating shares as stated in the IMA we have with the Fund. This management fee is based on
the net asset value of the relevant share class calculated as of the last business day of each month.
Management fees are independently calculated by the Fund Administrator on a monthly basis. The
Fund Administrator is authorized to deduct the fees from the Fund’s account to pay us.

Performance Fee
We are entitled to receive a performance fee from each Fund calculated on a share-by-share basis
so that each participating share is charged a performance fee that fully reflects the performance of
that participating share of a relevant class or series. This method of share calculation ensures that
all Investors are treated fairly and that: (i) any performance fee paid to us is charged only to those
participating shares that have appreciated in value above the high water mark as increased by any
applicable hurdle rate; (ii) all holders of participating shares within each class or series have the
same amount of capital per participating share at risk in a Fund; and (iii) all participating shares of
each class or series have the same net asset value per participating share of such class or series.

Performance fees are independently calculated by the Fund Administrator at the end of each
performance period (31 December). The Fund Administrator is authorized to deduct the fees from
the Fund’s account to pay us. The performance fee will be paid as soon as practicable within 30
days after the end of the relevant performance period.

Investors should be aware that fees may change over time and that different fee schedules may
apply if a Fund adopts new strategies or accepts clients other than the current Clients, in accordance
with the Fund’s PPM.

Administration and Custodian Fees
Each Fund’s Administrator and/or custodian is entitled to receive administration fees and/or
custodian fees from each Fund. Such fees will accrue monthly and will be payable monthly in
arrears and charged at such rates or amounts as shall be agreed between the Fund and the
administrator/custodian from time to time.
Redemption Fee
Fund Investors who redeem their shares during the soft lock-up period applicable to the relevant
class of participating shares may be charged a redemption fee calculated as a percentage of the
redemption proceeds. The redemption fee may be waived or lowered by the Fund in its discretion
and we may be asked to advise upon this. The redemption fee is paid directly to the Fund and not
to us.

Expenses
Each Fund shall bear all the costs of its trading and investment activities. Such costs may include,
but are not limited to, brokerage commissions and exchange, clearing and other related transaction

fees and charges. Each Fund also bears all other out-of-pocket expenses related to the operation of
the Fund which include legal fees, audit fees, directors’ fees, insurance costs and bank services fees.
Please see Item 12 for discussion of brokerage practices.

Additional details related to fees and expenses of the Funds may be found in each Fund’s PPM.

Accounts Fees and Expenses

Management and Performance Fees
The fees paid to us by the Accounts are detailed in each Account’s IMA and generally include: (1)
an annual or annualized “management fee” expressed as a percentage of the Account’s asset under
management; (2) performance-based fees or compensation based upon a percentage of the
Account’s net capital appreciation; or (3) a combination of the foregoing. However, the specifics
of any fee arrangements are subject to negotiation with the Client. Except as otherwise negotiated
with the Client, fees are generally calculated based on the aggregate net asset value of assets under
management with the Account, including allocations to cash.

We invoice our Clients for the management fees on a quarterly basis and performance fees at the
end of the relevant Account’s performance period. The Clients will then authorize their custodians
to pay us these fees.

Expenses
Each Account shall bear all the costs of its trading and investment activities. Such costs may
include, but are not limited to, brokerage commissions and exchange, clearing and other related
transaction fees and charges. Please see Item 12 for discussion of brokerage practices.

ITEM 7: TYPES OF CLIENTS

Our Clients include the Funds and for Accounts, institutional investors such as pension funds,
sovereign wealth funds and pooled investment vehicles.

Each Fund is exempt from being an “investment company” under Section 3(c)(7) of the U.S.
Investment Company Act of 1940 (“1940 Act”). The securities of the funds are offered on a private
placement basis to U.S. resident investors pursuant to Regulation D under the U.S. Securities Act
of 1933, as amended (“1933 Act”).

The minimum initial investment by each prospective Investor in a Fund is USD 100,000. The
minimum size for an Account is USD 100 million. We may alter minimum required amounts for
Accounts depending on the type of investment advisory services to be performed and are negotiable.
The opening of any Account is in our sole discretion.