Brilliance Asset Management ICAV - Brilliance China Core Long Short Fund Class A USD Accumulation

Investment Objective: The investment objective of the Fund is to aim to generate long-term capital appreciation for its investors. Investment Policy: The Fund will seek to invest in a diversified portfolio, in accordance with its investment strategy, with the principal focus being on a longshort China equity strategy. The Fund obtains exposure to equity securities issued in China directly through the Hong Kong-Shanghai and Hong Kong Shenzhen stock connect programs and synthetically through total return swaps. The Fund is China focused and may also invest up to 30% of its net assets in other emerging markets. The Fund may hold long positions in each of the asset classes ranging between 0% and 125% of the net asset value of the Fund and short positions in equity securities ranging from 0% to -125% of net asset value of the Fund. In addition to equity securities, the Fund may invest up to 10% of its net asset value in other regulated investment funds where such investment is consistent with the investment objective of the Fund. For the avoidance of doubt, any short positions will be achieved synthetically (i.e. through the use of financial derivative instruments (“FDI”)). The Fund may also use FDIs for the purposes of investment, efficient portfolio management and currency hedging purposes. Such techniques and instruments include options and forwards. The Fund is actively managed meaning the Fund is run on an entirely discretionary basis. You can sell your shares every Monday that is a business day on which banks in Dublin and Hong Kong are generally open for business. You must submit your application to Citco Fund Services Ireland Limited (the “Administrator”) before 12 noon (Irish time) two business days prior to the business day on which you want to sell. Your shares do not pay you income. Income is accrued within the Fund and is reflected in the value of shares.