Investor Presentaiton

7. Practical tips and common misconceptions Custodians ■ Q: Can overseas prime brokers act as custodians for private OFCs? - These entities are already currently eligible to act as custodians for private OFCs if they meet the requirements in 4.2(d) of the UT Code Structure ■ Q: Can a public umbrella OFC house a private sub-fund? - A public umbrella OFC may have both publicly-offered and privately- offered sub-funds ■ Q: Can a closed-ended fund adopt an OFC structure? - - A "closed-ended" fund (ie funds which are subject to redemption restrictions) may use an OFC structure SFO enables an OFC to have variable capital and does not preclude an OFC from imposing redemption restrictions 33 33 SFC 證監會

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