India Fund Matthews Asia Funds Class A Shares 31 August 2021

Investment Objective RATINGS Long -term capital appreciation. Overall Morningstar Rating TM ★ ★ ★ Available Share Classes FUND FACTS (USD)

Total Fund Assets $36.0 million Share Class ISIN SEDOL CUSIP Total # of Positions 57 A Acc (USD) LU0594557299 B638ST7 L6263Q520 Weighted Average Market A Acc (GBP) LU0594557455 B3XT5K9 L6263Q603 Cap $53.8 billion S&P Bombay Stock Performance as of 31 August 2021 † Benchmark Exchange 100 Index Management Fee 1.25% 58.78% 60% 53.95% Minimum Initial Investment $1,000/£500 Minimum Subsequent 50% Investment $100/£50 40% Fund Domicile Luxembourg 30% 26.08% 24.45% Available Share Classes A, I

Base Currency USD 20% 13.38% 13.49% 12.02% 11.52% 9.96% 9.60% 11.03% 8.62% 7.96% 7.82% Additional Dealing 10% Currencies GBP Net Asset Value 0% A Acc (USD) $21.80 Aug '21 3 MO YTD 1 YR 3 YR 5 YR Since Inception A Acc (GBP) £25.32 Fund, A Acc (USD) S&P Bombay 100 Index (USD) PORTFOLIO MANAGEMENT

Since Peeyush Mittal, CFA India Fund Aug '21 3 MO YTD 1 YR 3 YR 5 YR Inception Inception Lead Manager Sharat Shroff, CFA A Acc (USD) 8.62% 12.02% 26.08% 58.78% 11.52% 11.03% 7.96% 30 Jun 2011 Co -Manager A Acc (GBP) 9.90% 15.25% 24.91% 53.45% 9.30% 9.96% 9.57% 30 Jun 2011 RISKS S&P Bombay Stock The value of an investment in the Fund can go down as Exchange 100 Index well as up and possible loss of principal is a risk of (USD) 9.96% 9.60% 24.45% 53.95% 13.38% 13.49% 7.82% n.a. investing. Investments in international and emerging market securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited Rolling 12 Month Returns (For the period ended 30 June 2021) regulation. The Fund invests in holdings denominated in foreign currency, and is exposed to the risk that the India Fund 2021 2020 2019 2018 2017 value of the foreign currency will increase or decrease. The Fund invests primarily in equity securities, which A Acc (USD) 67.57% -21.94% -0.46% 5.42% 19.24% may result in increased volatility. Investments in a A Acc (GBP) 48.34% -19.32% 3.20% 4.06% 23.37% single-country fund may be subject to a higher degree of market risk than diversified funds because of S&P concentration in a specific country. Pandemics and 100 Index (USD) 58.46% -19.28% 9.04% 6.58% 23.73% other public health emergencies can result in market volatility and disruption. These and other risks † All returns over 1 year are annualised associated with investing in the Fund can be found in All performance quoted represents past performance and is no guarantee of future results. Investment return and the Prospectus. principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than the original cost. Current performance may be lower or higher than performance shown. Investors investing in Funds MATTHEWS ASIA denominated in non-local currency should be aware of the risk of currency exchange fluctuations that may cause a Matthews Asia believes in the long -term growth of loss of principal. Asia, one of the world's fastest-growing regions. Since Performance details provided are based on a NAV-to-NAV basis with any dividends reinvested, and are net of 1991, we have focused our efforts and expertise in management fees and other expenses. Source: Brown Brothers Harriman (Luxembourg) S.C.A. these countries, investing through a variety of market environments. Matthews Asia employs a bottomup, Copyright © 2021 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its fundamental investment philosophy with a focus on content providers; (2) may not be copied or distributed; and (3) is provided for reference purposes only. Past performance is no long-term investment performance. As of 31 August guarantee of future results. 2021, Matthews Asia had US$29.8 billion in assets Overall Morningstar Ratings are reflective of the USD Accumulation Share class. under management. Fund ratings represent an opinion only and are not a recommendation to buy or sell any fund.

For Institutional/Professional Investor Use Only G-FS006A_India_A_821

IMPORTANT INFORMATION India Fund The Fund is a sub -fund of Matthews Asia Funds SICAV, an umbrella fund, with segregated liability between sub-funds, 31 August 2021 established as an open-ended investment company with variable capital and incorporated with limited liability under TOP TEN HOLDINGS 1 the laws of Luxembourg. It is authorised by the Commission de Surveillance du Secteur Financier (CSSF) as a UCITS and is % of Net Sector only registered for public offer and sale in Finland, , Assets , Luxembourg, Spain, Sweden, and the HDFC , Ltd. Financials 7.5% . Not all share classes are registered in each jurisdiction. For investors in , the Matthews Asia , Ltd. Energy 6.5% Funds (the "Funds") are not authorised or recognised by the Monetary Authority of Singapore, and Shares of the Funds Infosys, Ltd. Information Technology 6.1% are not allowed to be offered to the retail public. Shares in the Funds may only be offered to (i) to an accredited investor ICICI Bank, Ltd. Financials 5.2% or other relevant person, or (ii) to an institutional investor. Bajaj Finance, Ltd. Financials 4.5% NOT FOR SALE IN THE U.S. OR TO U.S. PERSONS. Matthews Asia is the brand for Matthews International Housing Development Finance Corp., Ltd. Financials 3.5% Capital Management, LLC and its direct and indirect Tata Consultancy Services, Ltd. Information Technology 3.4% subsidiaries. Investors should consider the Fund's investment objectives, , Ltd. Financials 2.9% risks, charges, and expenses carefully before investing. The prospectus, Key Investor Information Document or other Info Edge India, Ltd. Communication Services 2.9% offering documents ("Offering Documents") contain this and , Ltd. Financials 2.8% other information about the Fund. To obtain the Offering Documents, please contact Matthews Asia or your financial % OF ASSETS IN TOP TEN 45.3% professional. Please read the Offering Documents carefully before investing. Fees and expenses vary among Funds and Source: Brown Brothers Harriman (Luxembourg) S.C.A. share classes. This material does not constitute or contain an offer, solicitation, recommendation or investment advice with SECTOR ALLOCATION (%) 2 MARKET CAP EXPOSURE (%) 2,3 respect to the purchase of the Funds described herein or any . Prospective investors should carefully review the Fund Benchmark Difference Fund Benchmark Difference information contained in the Offering Documents and consult their professional legal, tax and financial advisers as Financials 31.9 34.4 -2.5 Mega Cap (over $25B) 51.1 68.0 -16.9 to the suitability of any investment in light of their particular circumstances and applicable citizenship, residence or Information Technology 19.6 15.4 4.2 Large Cap ($10B-$25B) 11.0 22.2 -11.2 domicile, including any tax or foreign exchange control restrictions. The Fund's shares may not be sold to citizens or Consumer Staples 9.5 9.1 0.4 Mid Cap ($3B-$10B) 16.7 9.5 7.2 residents of the or in any other state, country or jurisdiction where it would be unlawful to offer, solicit an Industrials 9.3 5.0 4.3 Small Cap (under $3B) 21.2 0.4 20.8 offer for, or sell the shares. No securities commission or Consumer Discretionary 8.2 6.5 1.7 Cash and Other Assets, regulatory authority has in any waypassed upon the merits of an investment in the Fund or the accuracy or adequacy of Health Care 7.3 4.4 2.9 Less Liabilities 0.0 0.0 0.0 this information or the material contained herein or otherwise. Neither this factsheet nor the Offering Energy 6.8 10.5 -3.7 Documents have been approved in any jurisdiction where Source: FactSet Research Systems the Fund has not been registered for public offer and sale. Communication Services 4.1 2.8 1.3 This information is not, and under no circumstances is to be Materials 3.2 9.1 -5.9 construed as the Offering Documents, a public offering or an P/E RATIOS 4 offering memorandum as defined under applicable securities Utilities 0.0 2.5 -2.5 legislation. Application for shares may only be made by way of the Fund's most recent Offering Documents. Real Estate 0.0 0.2 -0.2 The information contained herein has been derived from Cash and Other Assets, P/E Using FY1 Estimates 30.9x sources believed to be reliable and accurate at the time of Less Liabilities 0.0 0.0 0.0 P/E Using FY2 Estimates 23.9x compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Matthews Asia and its affiliates do not accept any liability for losses either direct or consequential caused by the use of this information. Portfolio characteristics for the Fund may vary from time to Sector data based on MSCI's revised Global Industry time from what is shown. It should not be assumed that any Classification Standards. For more details, visit investment in the securities listed was or will be profitable. www.msci.com. Source: FactSet Research Systems (P/E est. as of Matthews International Capital Management, LLC is the Source: FactSet Research Systems 31/08/21) Investment Manager to the Matthews Asia Funds, and is a U.S.-based investment adviser registered with the U.S. Securities and Exchange Commission who has not 1 Holdings may combine more than one security from the same issuer and related depositary receipts. represented and will not represent that it is otherwise 2 Percentage values in data are rounded to the nearest tenth of one percent; the values may not sum to 100% due to rounding. registered with any other regulator or regulatory body. Percentage values may be derived from different data sources and may not be consistent with other Fund literature. Registration does not imply a certain level of skill or training. 3 Equity market cap of issuer. In Singapore, this document is available to, and intended for 4 The P/E Ratio is the share price of a stock as of the report date, divided by the forecasted earnings per share for a 12-month Institutional Investors under Section 304 of the Securities period (FY1) and 24 month period (FY2). For the Fund, this is the weighted harmonic average estimated P/E ratio of all the and Futures Act. It should not be circulated or distributed to underlying stocks in the Fund, excluding negative earners. There is no guarantee that the composition of the Fund will remain the retail public in Singapore. unchanged, or that forecasted earnings of a stock will be realized. Information provided is for illustrative purposes only. In the UK, this document is only made available to The S&P Bombay Stock Exchange 100 ( S&P BSE 100 ) Index is a free float—adjusted market capitalization-weighted index of 100 professional clients and eligible counterparties as defined by stocks listed on the Bombay Stock Exchange. Index is for comparative purposes only and it is not possible to invest directly in an the Financial Conduct Authority ("FCA"). Under no index. 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, which is authorised and regulated by the FCA, FRN 667893. CONTACT INFORMATION Matthews International Capital Management, LLC Four Embarcadero Center, Suite 550 San Francisco, CA 94111 USA Phone: +1 (415) 954 -4510 Email: [email protected] Web: global.matthewsasia.com

©2021 Matthews International Capital Management, LLC