Acru China+ Absolute Return

Fund Limited

Fund Investment Objectives

The Fund is China focused. Investment universe includes A,B,H, Red Chips and HK companies and companies listed on other exchanges that have substantial exposure to China. Substantial exposure refers to companies that have or are expected to have more than 50% of sales, manufacturing costs, or earnings in or derived from China. The Fund's objective is to invest in the Greater China markets by employing a long/short equity strategy with stringent risk controls to reduce volatility. The core strategy is bottom-up stock selection on both longs and shorts satisfying our return targets. This fund has a soft close. AUM is updated quarterly.