Fund Co-Management

Investment Subscription and Account Setup Process

Investor A, introduced by B, subscribes to a Custom Fund Account at the end of August 2026 with a committed investment amount of VND 1 billion. He elect then the SHARED ACCOUNT. Investor A elects to receive investment returns on an annual distribution basis.

Account Opening and Funding

1. For the shared account, the investment amount will be integrated into the Common Fund Manager account for the Fund F
2. Transfer of Investment Capital: Investor A transfers VND 1 billion (2 units of 500 Mn VND) to the Fund Manager bank account for Fund F.
3. Payment of Management Fee: Investor A pays the Fund Manager an annual management fee equal to 4% of committed capital, amounting to VND 40 million, covering the first year of portfolio management services.
4. Payment of Introducer Commission: Fund Manager C pays the introducer, B, a referral commission equal to 2% of the committed capital, amounting to VND 20 million, in accordance with the introduction agreement between the parties.
5. Execution of Agreement: Investor A, Introducer B, and Fund Manager C execute and sign the Investment Management Agreement, thereby formalizing their respective rights and obligations.
6. Investor Portal Access: Following execution of the agreement, Fund Manager C creates a dedicated account for Investor A on the Fund Manager’s online platform. This account enables Investor A to monitor portfolio positions, portfolio performance, net asset value, and relevant market information on an ongoing basis.

Annual Performance Reporting

During the first week of September 2027, Fund Manager C shall provide Investor A with an annual performance report detailing:

• Portfolio performance over the preceding investment year;
• Net asset value of the portfolio;
• Calculation of eligible investment returns;
• Applicable management and performance fees, if any;
• The amount of returns due to Investor A.

Following issuance of the report, Fund Manager C shall transfer the distributable returns, if any, to the bank account designated by Investor A in accordance with the terms of the Investment Management Agreement.

Example Performance Allocation

Assume the Fund achieves a 12-month net return of 65%. For this Custom Investor Account, the applicable hurdle rate is 21%.

Therefore, the excess return subject to performance sharing is: 65% − 21% = 44%

Under the agreement, excess returns are shared 60% to the Investor and 40% to the Fund Manager.

Investor A

• Receives the full hurdle return of 21%, plus 60% of the excess return (26.40%).
• Total return: 21% + 26.40% = 47.40%

• On an initial investment of VND 3.5 billion, Investor A receives: VND 1.659 billion in profit (47.40% × VND 3.5 billion).

Fund Manager C and Introducer B

• Together receive the remaining 20% of the excess return: 40% × 44% = 17.60%

• On a VND 3.5 billion investment, this represents: VND 616 million in total performance participation.

Assuming the Introducer is entitled to 20% of the Fund Manager’s performance participation, the allocation would be:

• Fund Manager C: 80% × VND 616 million = VND 492.80 million (equivalent to 14.08% of invested capital).
• Introducer B: 20% × VND 616 million = VND 123.20million (equivalent to 3.52 % of invested capital).

Summary