INVESTMENT CAPITAL HOLDING LIMITED

Founded in 2001 and joining Fiera Capital in 2018, Fiera Capital (Asia) formally known as Clearwater Capital Partners, provides investors with access to a full spectrum of Asia credit investment opportunities including performing credit, direct lending, and special situations. Since inception, the Firm has made more than 350 Asia investments totaling over USD8.1 billion as of September 30, 2024, across sectors and geographies, both onshore and offshore, and built some of the largest dedicated lending platforms in the region. Fiera Capital (Asia) has built an on-the-ground presence in Asia through locally staffed offices and companies in Hong Kong, Singapore and Chongqing. The breadth of the targeted investment market and the firm's established and experienced presence make it possible to source, develop and capture value in diverse opportunities, particularly targeting to the senior part of the capital structure. The Fiera Capital (Asia) team, including our direct lending platforms, consists of over 60 individuals who are passionate about credit investing and have a complementary set of diverse backgrounds and skill-sets. Fiera Capital is a global independent asset management firm with a multi-boutique approach. As one of Canada's leading investment managers with USD122.5 billion AUM as at September 30, 2024, our global coverage extends across both traditional and private market strategies.

Fiera Capital is a leading independent asset management firm with a growing global presence and approximately CAD 160.5 billion in assets under management as of June 30, 2025. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital's depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR). Fiera Capital Corporation does not provide investment advisory services, or offer investment funds, in the United States or to U.S. persons. In the U.S., asset management services are provided by the Firm’s U.S. affiliates, including Fiera Capital’s U.S. division, Fiera Capital Inc., which is registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at www.sedar.com. Additional information about Fiera Capital’s U.S. division is available in its annual Form ADV at www.sec.gov/iard. For important disclosures related to Fiera Capital, please visit: www.fieracapital.com/en/legal-notice For important disclosures related to Fiera Capital’s US division, please visit: us.fieracapital.com/important-disclosures/#goto-social-media-disclosures