Message to Matthews Asia Credit Opportunities Fund Shareholders

30 June 2022

Dear Valued Shareholder,

We are writing to inform you that effective 1 August 2022, Teresa Kong will retire from Matthews Asia and effective 29 July 2022, Satya Patel will become the sole Lead Manager of the Matthews Asia Credit Opportunities Fund. Additionally, effective 29 July 2022, Wei Zhang will be named Co-Manager on the Fund.

Satya has worked on the Matthews Asia Credit Opportunities Fund as Co-Lead Manager on the Fund since its inception. In partnership with Teresa, Satya has provided strong leadership on Matthews Asia Credit Opportunities Fund, conducting company research and analyzing the overall structure of, and position sizes implemented in, the portfolio. He has also had a hands-on role in risk monitoring and ensuring that the portfolio meets its investment objective and has in-depth knowledge of the companies in the portfolio. We believe this is an appropriate time to recognize the progress that Satya has made with the portfolio’s development in naming him the sole Lead Manager on the Fund.

Wei joined the firm in 2015 as an Analyst and was promoted to Co-Manager on the Matthews Asia Total Return strategy in April 2018 in recognition of his contributions which have included security selection, company research, risk management, and portfolio management.

Satya and Wei have over 30 years of combined industry experience. As Lead Manager, Satya will continue to be responsible for the day-to-day management of the Matthews Asia Credit Opportunities portfolio, including security selection, determining position sizing and overseeing portfolio risk management. As Co-Manager of the Matthews Asia Credit Opportunities Fund, Wei will contribute to conducting company research, supporting portfolio risk management, and discussing and debating the overall structure and position sizes implemented in the portfolio.

We would like to take this opportunity to thank Teresa for her contribution to Matthews Asia over the past 12 years and for providing ample lead time to ensure that the changes announced today will not affect the management of our portfolios.

We are very proud of the depth and diversity of the investment team that we have built at Matthews Asia over the past 30-plus years. If you have any questions regarding the Matthews Asia Funds, please visit our website at or contact our team at or +1-415-954-4510. Thank you for your investment in Matthews Asia.

Yours truly,

Robert Horrocks, PhD
Chief Investment Officer
Matthews Asia

The Fund is a sub-fund of Matthews Asia Funds SICAV, an umbrella fund, with segregated liability between sub-funds, established as an open-ended investment company with variable capital and incorporated with limited liability under the laws of Luxembourg. The current prospectus, Key Investor Information Document or other offering documents (“Offering Documents”) contain this and other information and can be obtained by visiting

Investing in international and emerging markets may involve additional risks, such as social and political instability. Investing in international, emerging and frontier markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Additionally, investing in emerging and frontier securities involves greater risks than investing in securities of developed markets, as issuers in these countries generally disclose less financial and other information publicly or restrict access to certain information from review by non-domestic authorities. Emerging and frontier markets tend to have less stringent and less uniform accounting, auditing and financial reporting standards, limited regulatory or governmental oversight, and limited investor protection or rights to take action against issuers, resulting in potential material risks to investors. Pandemics and other public health emergencies can result in market volatility and disruption.

It is the responsibility of any persons wishing to subscribe for shares to inform themselves of and to observe all applicable laws and regulations of any relevant jurisdictions. An investment in the Matthews Asia Funds is not available in all jurisdictions. The Fund’s shares may not be sold to citizens or residents of the United States or in any other state, country or jurisdiction where it would be unlawful to offer, solicit an offer for, or sell the shares. No securities commission or regulatory authority has in any way passed upon the merits of an investment in the Fund or the accuracy or adequacy of this information or the material contained herein or otherwise.

In the UK, this document is only made available to professional clients and eligible counterparties as defined by the Financial Conduct Authority (“FCA”). Under no circumstances should this document be forwarded to anyone in the UK who is not a professional client or eligible counterparty as defined by the FCA. Issued in the UK by Matthews Global Investors (UK) Limited (“Matthews Asia (UK)”), which is authorised and regulated by the FCA, FRN 667893.