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靈活如水，融於萬象 SilkyWater The multi-family office focused on Asia Type 1 Dealing in Securities Securities 、bond brokerage Private Equity Placing agent Fund brokerage Type 4 Advising on Securities Investment advisor Publish investment research or analysis Type 9 Asset Management EAM Discretionary account Issue and manage funds Singapore CMS License Fund Management EAM Discretionary account Issue and manage funds Manage client assets and engagement Investment project scale More than a billion dollars Primary market project Accumulated more than 12 cases Participate in IPO project Accumulated more than 100 cases Establishment and issuance of more than 15 registered Cayman, Hong Kong, Singapore, British Virgin Islands Fund Issuance of 15 funds ABOUT US SilkyWater Asset Management Limited (CE: BPV723) is headquartered in Hong Kong licensed under the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong, to conduct Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities. In a rapidly changing market environment, we strive to meet the needs of our clients and create value. Our Singapore base (SilkyWater Asset Management PTE. LTD) holds a Capital Markets Services License for Fund Management issued by the Monetary Authority of Singapore. Our office in Mainland China (潤淼（深圳）諮詢管理有限公司) also providing comprehensive services for clients. The Groups possesses extensive experience in investment and fund management. The various U.S. dollar-denominated funds under our management have delivered outstanding performance. As of 2024, the total assets under management and the scale of investment projects have reached USD 800 million. 香港 Hong Kong 深圳 ShenZhen 新加坡 Singapore Learn More SWAM – [Investment + Business] Multi Family Office Multi Family Office (MFO) is an asset management firm that specializes in meeting the financial needs of multiple wealthy families, providing comprehensive services from investment management to family succession planning, ensuring personalized attention and expertise for each relevant family. Different from general asset management firms, SilkyWater focuses on IPO and Pre-IPO investments, and has gone through three stages since its establishment in 2019. First Stage: Financial investors: started with our own capital, invested in a number of IPO and Pre-IPO projects and successfully exited. Meanwhile, project shareholders established the first capital pool through dividends or sold part of their shareholdings, began to set up their own family offices, and became LP of the fund through EAM (External Asset Manager), work together on the next project. Second Stage: In the [investment + business] model, in addition to being an investor, SilkyWater's LP is an IPO or Pre-IPO enterprise or its senior management. In addition to capital, SilkyWater's LP also has rich experience, knowledge, contacts and opportunities to promote new projects by combining resources between families. In addition to pure investment returns, It can also have a chemical effect on the business level, thus achieving the win-win goal of [Investment +Business]. Third Stage: Multi Family offices, Up to now, Funds managed by SilkyWater has participated in more than 100 IPO projects, investing in Internet, consumer goods, medical and other industries. In addition to focusing on investment returns, SilkyWater is also committed to promoting business cooperation between multiple high net worth families and listed companies, so as to create greater value. Advantages Of Multi Family Office Single-family office Multi Family Office, MFO Object of Service • Single family of high net worth • Multiple high net worth families Method of establishment • Hire your own investment managers, accountants, lawyers and other business people to form a team similar to the company • It evolved from a single family office that absorbed clients from other families Resources • Source with their own family funds, contacts • With multiple families from different industries, sharing experience, knowledge and opportunities with other wealthy families has the potential to lead to new investment opportunities or partnerships, increasing efficiency and reducing risk Cost • Time: License, channel from zero • Fixed costs: personnel, office, etc • Complete license and channel • Sharing mode, cost is determined according to single or continuous demand In September 2023, the primary market project Tuhu was listed The market value of F-3 Series holdings exceeds HK $71 million In October 2024, the primary market project Horizon was listed The market value of Series B1 + Series C holdings exceeds HK$370 million Cornerstone investments In December 2023, we invested $10 million as the cornerstone shareholder of Zhixing Automobile Technology Cornerstone investments In October 2024, invested US$8 million as the cornerstone shareholder of Beijing Biostar Pharmaceuticals Co., Ltd. On 21 August 2024, Huashia Wines was acquired from New Silk Road Cultural Travel (HKEX :0472), which included a series of assets such as the Shangri-La wine brand and winery. 130 million RMB acquisition Core Competence Create Value for Clients - Strive to find low risk, high return investment; Customer-oriented, create value for customers. - Create wealth for clients through new shares and equity investments: Mainly for customers to invest in IPO international placement, open innovation, followed by Pre-IPO round and ABC round, to strive for low wind and high returns. - Secondary market investment For customers to invest in the new economy, new energy, new consumption and biopharmaceutical industry leading enterprises.

Fund Management Platform The team from Hong Kong, Shenzhen and Singapore has experience in investment banks, hedge funds, public funds and state-owned investment platforms, and understands that fund managers need to maintain 100% focus on projects. Our middle and back office systems can provide fund managers with fast, efficient and cost-effective solutions in the establishment, compliance and operation, helping you focus on clients and investment decisions, and earn returns through your own efforts. **SilkyWater will not hold any equity interest in your business. Fund Platform vs Self-Application Time Fund platform Self-application 1-2 months to establish the main body of the fund 6-18 months (depending on the regulator) By asset size <0.5% Office, responsible personnel, compliance, audit, fund costs Cost Break Even Point USD $10 million USD $50 million (subject to cost specifications) The advantages of SW Hong Kong, Shenzhen and Singapore are connected More than $800 million Professional I.T, compliance in the background system Covering the network of Chinese and foreign investment banks and securities firms SW team was established structure Decimal place Cayman Islands BVI Hong Kong Singapore Structure Stand Alone Fund Cayman SPC BVI SPC Hong Kong Limited Partnership Fund ⁠Hong Kong OFC Singapore VCC/13X scheme Strategy Fixed Income Long Short Equity Managed Account CTA Private Equity Multi-Strategy Fund of Fund Real Estate Crypto

Background introduction SilkyWater Asset Management Ltd (CE: BPV723 )was found on 2019 with a headquarter in Hong Kong with asset under management (AUM) exceed HK 3 billions. Under the Securities and Futures Ordinance, CAP. 571 SWAM is allowed to carry on the following regulated activities: Type 1 :Dealing in Securities Type 4 : Advising on Securities Type 9: Asset Management 香港 Hong Kong 深圳 ShenZhen 新加坡 Singapore

C heckList (Individual Investors) 1. KNOW YOUR CUSTOMER （KYC） 2. Self-Certification Form /FATCA 3. Investor Risk Profile Questionnaire 4. Risk Disclosure Statement 5. ID card/Passport 6. Proof of address (Bills or bank statement from past three months) 7. Proof of assets (Bank statement from past three months) CheckList (Corporate) 1. INVESTMENT MANAGEMENT AGREEMENT 2. KNOW YOUR CUSTOMER （KYC）（Controlling Person） 3. KNOW YOUR CUSTOMER （KYC）（Corporate） 4. FATCA 5. ANTI-MONEY LAUNDERING（AML） & COUNTERING THE FINANCING OF TERRORISM CONTROLS 6. Risk Disclosure Statement 7. Investor Risk Profile Questionnaire 8. Self-Certification_Form 9. ID Card/Passport of all directors 10. Proof of address of all directors (Bills or bank statement from past three months) 11. Proof of assets (Bank statement from past three months) Please ensure that the requested documents are certified (CTC) 1. Business Registration 2. Certificate of Incorporation 3. Certificate of Incumbency 4. Board Resolution 5. Memorandum & Articles Of Association 6. Register of Directors (ROD) 7. Register of Members (ROM) 8. Organizational Chart Individual Account Opening Form（Chinese Version） Corporate Account Opening Form（Chinese Version） Individual Account Opening Form（English Version） Corporate Account Opening Form（English Version）

Our Fund Currently, there are twelve funds under management of SWAM. Fund Strategy covers HK IPO Investment Strategy, Secondary Market Quantitative Trading Strategies, Secondary Market Hong Kong Stock Connect strategies, Secondary Market Value Strategies, Secondary Market Value Strategy. Clients include Central Enterprise/ State Owned Enterprise, Listed Company, Financial Institution, Family Office, High Net Worth Client etc. Strategy Type of Clients Long-term Business Partner With SWAM team's years of experience in overseas capital markets, it has established close cooperative relations with a number of banks and securities firms, deeply supported and trusted by various organizations.

Family Inheritance Family succession planning is an important responsibility of the Family Office, designed to ensure that wealth is passed on smoothly to future generations and to meet the long-term family vision. 01 Establishment of a family trust 02 Tax planning Trust structure: A trust is a common family succession tool used to ensure that wealth is distributed according to the family's wishes. Trusts can be designed to pass down generations and effectively protect assets from liabilities or legal risks. Trustees and trustees: It is essential to select trusted and competent trustees to manage and distribute trust assets, which may include professional trust companies or family members. Estate tax and gift tax: Estate tax and gift tax policies vary in different countries and regions, and family succession planning should include adequate tax planning to minimize tax burdens. Setting up a family trust or making a gift of assets when appropriate can effectively reduce tax risk. Cross-border tax considerations: When family members are spread across different countries, cross-border tax planning is crucial. Family offices need to be familiar with tax laws in multiple countries to avoid double taxation or excessive tax burdens. 03 Asset allocation and governance framework Asset distribution Plan: Establish a clear asset distribution plan to ensure that each family member clearly understands his or her share of the family wealth and inheritance rights. This helps to reduce disputes and preserve family harmony. Governance structure: Establish a family governance structure to ensure the effective management of wealth. Family members can set up a family committee or board of directors to participate in important financial decisions and ensure that family members are involved together. 04 Family Charter and heritage of values Family Charter: A family charter sets out the family's core values, heritage vision, and asset management principles. It is a non-legal document designed to maintain family values and unity for generations to come. Education and inheritance: Ensure that future generations understand the history and management responsibilities of family wealth, and provide them with the necessary financial knowledge and skills to help them responsibly take on future management responsibilities. 05 Asset diversification and preservation 06 Charity and social responsibility Long-term investment strategy: Through reasonable asset allocation and diversified investment strategies, to ensure the long-term stable appreciation of family wealth. This includes equity investments, real estate, fixed income products and other alternative assets (such as private equity and hedge funds). Insurance instruments: Life insurance, estate insurance and other instruments can be used as part of succession planning to provide additional sources of funds for family members and help mitigate financial risks. If the family has a charitable vision, it can set up a charitable fund or charitable trust in the family succession plan, which not only helps to reduce the tax burden, but also reflects the family's social responsibility and values. 07 The family business Business succession Plan: If the family owns the business, it is necessary to develop a business succession plan that specifies the selection of successors, the management structure of the business and the allocation of equity. Professional manager involvement: Where necessary, professional managers can be brought in to assist in the management of the family business and ensure that the business can maintain stability and growth during the succession process. The core of family succession planning is to ensure that wealth can continue to increase in value and be passed on effectively in the future, while also focusing on the harmony and common interests of family members. You can make individual adjustments according to the specific situation, so that the family succession plan can meet the legal norms and meet the long-term goals of the family.

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