Luxembourg, 11 January 2012
11 January 2012
Dear Shareholder,
We are writing to you as a shareholder of the Company in relation to the proposed changes
to the prospectus of the Company (the "Prospectus"), as set out below, to become effective
on 10 February 2012 (the "Effective Date").
I. General changes
In order to take into account changes to applicable rules and regulations as well as to update
historical and factual information, the Prospectus has been updated.
II. Change to the swing pricing and the dilution levy
In relation to the section "Swing Pricing and Dilution Levy", the board of directors of the
Company (the "Board") has decided to delete the references to the dilution levy and to keep
only the swing pricing mechanism in the Prospectus.
III. Change to the sub-funds of the Company (the "Sub-Funds")
a. Change to the investment objective and policy of all the Sub-Funds
As from the Effective Date, the last paragraph of the section "Investment Objective and
Policy" of the Sub-Funds will be amended so as to read as follows:
"The Sub-Fund is not currently investing (whether directly or indirectly) in China 'A' shares,
but it reserves the right to do so in the future, either directly via a Qualified Foreign
Institutional Investor ("QFII") licence awarded to a Matthews group entity, or indirectly via
investment in access products. In any event where the Sub-Fund invests directly in China 'A'
shares, under normal market conditions, it is expected that the Sub-Fund will not hold more
than 15% of its net assets in China 'A' shares. The Sub-Fund may invest not more than 10%
of its total assets in China B shares."
b. Change to the classes of shares of all the Sub-Funds
The attention of the shareholders is drawn to the fact that the two last paragraphs of the
section "Classes of Shares" of the Sub-Funds will be amended so as to read as follows:
"Although it does not currently intend to do so, the Board of Directors, in its entire discretion,
may seek to reduce currency risk from portfolio holdings denominated in local currency by
hedging such risk to USD or the currency of a share class. The Board of Directors may also
seek, in its entire discretion, to reduce currency risk of non USD denominated share classes
by hedging USD to the currency of a relevant share class. Any such hedging may be, in full
or in part, and may be active or passive. Moreover, the Board of Directors shall have no
obligation to hedge. The costs and effects of any such hedging will be reflected in the NAV
and in the performance of these classes.
These Classes of Shares may be offered as accumulation (Acc) or distribution (Dist) Shares,
in the discretion of the Board of Directors."
IV. Further information
Copies of the revised Prospectus can be obtained free of charge from the registered office of
the Company at 6, route de Trèves, L-2633 Senningerberg.
Shareholders of the Sub-Funds who deem the changes mentioned under III. a. above to no
longer meet their investment requirements may apply for redemption of their Shares free of
charge until 12 noon Luxembourg time on 9 February 2012.
On behalf of the board of directors of the Company
William J. Hackett
Chairman of the Board