Message to Matthews China Small Companies Fund Shareholders

24 August 2020

We are writing to inform you that, effective August 31, 2020, Winnie Chwang and Andrew Mattock, CFA, will become Co Lead Managers for the Matthews China Small Companies Fund. This change follow the decisions by Lead Manager Tiffany Hsiao and Co-Manager YuanYuan Ji to depart the firm in order to pursue other opportunities.

Winnie and Andrew have over 40 years of combined industry experience and have significant portfolio management experience investing in Chinese companies across the market capitalization. They have also worked together for over five years managing our core China strategy, the Matthews China Fund, conducting company research, generating investment ideas, discussing portfolio holdings, determining position sizing and overseeing portfolio risk management. Given the significant overlap in the investment universe for the Matthews China and the Matthews China Small Companies Funds, we believe that enhanced synergies across our China focused research activities, and portfolio management resources will serve our investors well.

We are confident that in having Winnie and Andrew serve in the Lead Manager positions of the Matthews China Small Companies Fund, supported by our 40+ member investment team, we have the expertise, strength and depth to ensure a seamless transition and continued positive experience for investors in the Fund.

Finally, we would like to take this opportunity to thank Tiffany and YuanYuan for their contributions to Matthews Asia and wish them well in their future endeavors. 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 continued confidence in our Asia investment strategies.

Yours truly,

William J. Hackett
Chief Executive Officer
Matthews Asia
  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, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. In addition, single-country funds may be subject to a higher degree of market risk than diversified funds because of concentration in a specific geographic location. Investing in small- and mid-size companies is more risky and volatile than investing in large companies as they may be more volatile and less liquid than larger companies.

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.