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Please read the following Important Notes and Disclaimers carefully before proceeding.

Important Notes and Disclaimers

Foresight Fund (Hong Kong) Limited ("Foresight Fund HK") is a regulated institution in Hong Kong by the Securities and Futures Commission (“SFC”). This website contains information about Foresight Fund HK and the services and products offered by Foresight Fund HK. This website is not intended for distribution or use by any person in any jurisdiction where the distribution or use of the information herein is restricted and would not be permitted by law or regulation. Non-Hong Kong investors are responsible for observing all applicable laws and regulations of their relevant jurisdictions before proceeding to access the information contained herein. The website is prepared by Foresight Fund HK and the information contained in this website has not been reviewed by the SFC. You are advised to exercise caution and if you are in any doubt about any of the contents of the website, you should obtain independent financial and professional advice. Nothing herein should be construed as investment advice nor as comment on the suitability of any investment or investment service. Prospective investors should take advice from their own professional advisors before making any investment decision. The information contained in this website is provided for reference only and does not constitute any investment advice. Investment involves risk. The unit price of the Fund may go up as well as down. Investors may not get back the amount originally invested and past performance is not an indicative of future performance. Please read the relevant offering document carefully, in particular fund features and the risks involved in investing in the fund. Before making any investment decisions, investors should carefully read the Fund's offering documents, including Explanatory Memorandum and Product Key Facts Statement for details and risk factors of the Fund, especially the risk of investment in emerging markets. The investment objective of Foresight China Equity Fund (the "Fund")is to achieve mid- to long-term capital growth by primarily investing in equity and equity-related securities of companies incorporated in, or whose principal business operations are based in, or whose economic activities are related to China. Investment involves risks. Please refer to the Fund's offering documents for details including the risk factors. 1. Investment risk • The Sub-Fund’s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. There is no guarantee of the repayment of principal. 2. Concentration risk and emerging market risk • The Sub-Fund’s investments are concentrated in securities related to China. The value of the Sub-Fund may therefore be more volatile than that of a fund having a more diverse portfolio of investments. The value of the Sub-Fund may also be influenced by the changes in governmental policies, promulgation of foreign exchange and monetary policies and tax regulations, currency fluctuations, market liquidity conditions and updates to legal and regulatory frameworks affecting the China market. • The Sub-Fund will invest in emerging markets, which may involve increased risks and special considerations not typically associated with investment in more developed markets, such as liquidity risks, currency risks/control, political and economic uncertainties, legal and taxation risks, settlement risks, custody risk and the likelihood of a high degree of volatility. 3. Foreign exchange risk • Underlying investments of the Sub-Fund may be denominated in currencies other than the base currency of the Sub-Fund. Also, a class of units may be designated in a currency other than the base currency of the Sub-Fund. The NAV of the Sub-Fund may be affected unfavourably by fluctuations in the exchange rates between these currencies and the base currency and by changes in exchange rate controls. 4. Risks of investing in equity securities • The Sub-Fund’s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors. • High market volatility and potential settlement issues in certain markets (such as Mainland China) may also result in significant fluctuations in the prices of the equity securities traded on such markets and thereby may adversely affect the value of the Sub-Fund. • Securities exchanges in certain regions (such as Mainland China) typically have the right to suspend or limit trading in any security traded on the relevant exchange. The government or the regulators may also implement policies that may affect the financial markets. All these may have a negative impact on the Sub-Fund. • The Sub-Fund may invest in stocks of small-capitalisation/mid-capitalisation companies. The stocks of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general. 5. Risks associated with ADRs and GDRs • Exposure to ADRs and GDRs may generate additional risks compared to a direct exposure to the corresponding underlying stocks. There could be a risk that underlying stockers would not be attributed to holders of ADRs/GDRs in case of bankruptcy of the depositary bank. • Fees related to ADRs/GDRs may impact their performance. Also, holders of ADRs/GDRs are not direct shareholders of the underlying company and generally do not have voting and other shareholder rights. The Sub-Fund may also be subject to liquidity risk. 6. RMB currency and conversion risk and RMB denominated classes risk • RMB is currently not freely convertible and is subject to exchange controls and restrictions. Non-RMB based investors who invest in RMB denominated classes are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors’ base currency will not depreciate. Any depreciation of RMB could adversely affect the value of investors’ investment in the RMB denominated classes. • Although offshore RMB (CNH) and onshore RMB (CNY) are the same currency, they trade at different rates. Any divergence between CNH and CNY may adversely impact investors. • Under exceptional circumstances, payment of redemptions in RMB to investors who invest in RMB denominated classes may be delayed due to the exchange controls and restrictions applicable to RMB. 7. Risks of investing in debt securities • Credit/counterparty risk: The Sub-Fund is exposed to the credit/default risk of issuers of the debt securities that it may invest in. • Volatility and liquidity risk: The debt securities in certain markets (e.g. Mainland China) may be subject to higher volatility and lower liquidity compared to more developed markets. The prices of debt securities traded in such markets may be subject to fluctuation. The bid and offer spreads of the price of such debt securities may be large and the Sub-Fund may incur significant trading costs. • Interest rate risk: Investment in debt securities is subject to interest rate risk. In general, the prices of debt securities rise when interest rates fall, whilst their prices fall when interest rates rise. • Sovereign debt risk: The Sub-Fund’s investment in debt instruments issued or guaranteed by governments may be exposed to political, social and economic risks. In adverse situations, the sovereign issuers may not be able or willing to repay the principal and/or interest when due or may request the Sub-Fund to participate in restructuring such debts. The Sub-Fund may suffer significant losses when there is a default of sovereign debt issuers. • Credit rating risk: Credit ratings assigned by rating agencies are subject to limitations and do not guarantee the creditworthiness of the security and/or issuer at all times. • Downgrading risk: The credit rating of a debt security or its issuer may subsequently be downgraded. In the event of such downgrading, the value of the Sub-Fund may be adversely affected. The Manager may or may not be able to dispose of the debt securities that are being downgraded. • Credit rating agency risk: The credit appraisal system in Mainland China and the rating methodologies employed in Mainland China may be different from those employed in other markets. Credit ratings given by Mainland China rating agencies may therefore not be directly comparable with those given by other international rating agencies. • Settlement risk: To the extent that the Sub-Fund transacts in the inter-bank bond market in Mainland China, the Sub-Fund may also be exposed to risks associated with settlement procedures and default of counterparties. If counterparty defaults in delivering the securities, the trade may be cancelled and this may adversely affect the value of the Sub-Fund. Any transaction via exchange markets may also be subject to settlement delays. • Valuation risk: Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the NAV calculation of the Sub-Fund. 8. Risks of investing in convertible bonds • Convertible bonds are a hybrid between debt and equity, permitting holders to convert into shares in the company issuing the bond at a specified future date. As such, convertibles will be exposed to equity movement and greater volatility than straight bond investments. Investments in convertible bonds are subject to the same interest rate risk, credit risk, liquidity risk and prepayment risk associated with comparable straight bond investments. 9. Risks of investing in other collective investment schemes • The Sub-Fund may invest in other collective investment schemes and will be subject to the risks associated with such underlying schemes. The Sub-Fund does not have control of the investments of the underlying schemes and there is no assurance that the investment objective and strategy of the underlying schemes will be successfully achieved which may have a negative impact to the NAV of the Sub-Fund. • The underlying schemes in which the Sub-Fund may invest may not be regulated by the SFC. There may be additional costs involved when investing into these underlying schemes. There is also no guarantee that the underlying schemes will always have sufficient liquidity to meet the Sub-Fund’s redemption requests as and when made. 10. Risks associated with investment in FDIs and hedging • The Sub-Fund may invest in FDIs for hedging purposes to the extent permitted by the Code and in adverse situations its use of FDIs may become ineffective and/or cause the Sub-Fund to suffer significant loss. • Risks associated with the use of FDIs include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a FDI can result in a loss significantly greater than the amount invested in the FDI by the Sub-Fund. Exposure to FDIs may lead to a high risk of significant loss by the Sub-Fund. Nothing on this website constitutes a solicitation, invitation, recommendation or offer to purchase a product offered by Foresight Fund HK or any Foresight Fund HK funds or as the basis for any investment decision. This site may include forward-looking statements which are based on Foresight Fund HK 's current opinions, expectations and projections. Foresight Fund HK undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. The information is current as at the date of publication but is subject to change without notice. If you have accessed this site using a link from another site, Foresight Fund HK does not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this site. Information in or any parts of this website cannot be reproduced, distributed or published without prior written consent from Foresight Fund HK. Foresight Fund HK reserves the right to seek all remedies available by law for any unauthorized use of information contained within this website. All copyright, trademarks and similar rights in this website and the information contained herein are owned by or licensed to Foresight Fund HK or its affiliate. By accessing this website, representing that you have understood and accepted all the terms and restrictions set out herein. If you do not agree to these terms and restrictions, please do not access this website. If you do not agree to the terms and restrictions set out in this website, please do not use this website. By using this website, you are representing that you have understood and accepted all the terms and restrictions set out herein.

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