Affin Hwang World Series - China A Opportunity Fund

A feeder fund that seeks to achieve capital appreciation over medium to long term period through investments in China A-shares.

Fund Category Performance Record as at 31 March 2020* Performance Table as at 31 March 2020* Feeder (Wholesale) Cumulative Return Over The Period (%) Total Since Fund Type Return (%) 1 Month 1 Year 3 Year Inception Growth Fund (USD) -4.2 0.7 - 14.8 Benchmark -8.2 -6.7 - 15.0 Target Fund Manager Fund (MYR) -1.8 6.3 - 20.6 UBS Asset Management (Hong Fund (SGD Hedged) -4.9 -1.1 - 12.6 Kong) Limited Fund (MYR Hedged) -4.5 0.7 - 15.4 Fund (AUD Hedged) -5.0 -1.6 - 11.7

Target Fund Source:Lipper UBS (Lux) Investment SICAV- China A Limited Annualised Since Return (%) 1 Year 3 Year 5 Year Inception Benchmark Fund (USD) 0.7 - - 12.5 MSCI China A Onshore Benchmark -6.7 - - 12.7 Fund (MYR) 6.3 - - 17.3 Base Currency January, 2019 to March, 2020 NAV-NAV prices and assuming reinvestment of distributions Fund (SGD Hedged) -1.1 - - 10.6 into the Fund, gross investment based in RM. The value of Units may go down as well as USD up. Past performance is not indicative of future performance. Fund (MYR Hedged) 0.7 - - 13.0 Source: Lipper Fund (AUD Hedged) -1.6 - - 9.9 Launch Date / IOP 08 January, 2019/USD0.50 Source:Lipper 08 January, 2019/MYR0.50(MYR) 08 January, 2019/MYR0.50(MYR Hedged) Calendar Year Year To 08 January, 2019/SGD0.50(SGD Return (%) Date 2019 2018 2017 Hedged) Fund (USD) -10.6 - - - 08 January, 2019/AUD0.50(AUD Hedged) Benchmark -9.7 - - - Fund (MYR) -5.6 - - - Financial Year End Fund (SGD Hedged) -10.9 - - - 31 May Fund (MYR Hedged) -10.8 - - - Fund (AUD Hedged) -11.9 - - - Initial Sales Charge Max 5.5% of the NAV per Unit Source:Lipper Target Fund Top Holdings as at 29 February 2020# Subscription Asset Allocation as at 31 March 2020* Cash Equities % UBS (Lux) Investment SICAV- China A Limited 94.7% Kweichow Moutai 8.9% Cash and Cash Equivalents 5.3% Annual Management Fee Jiangsu Hengrui Medicine Co 8.1% Income Distribution History Up to 1.85% per annum Ping An Insurance 7.1% ² Distribution Policy : incidental Minimum Investment/Minimum Appliances 7.0% Subsequent Investment¹ Co Ltd 6.8% USD5,000/USD1,000 6.8% MYR5,000/MYR1,000 China Merchants Bank 6.3% MYR5,000/MYR1,000MYR Hedged) Co Ltd SGD5,000/SGD1,000 Yunnan Baiyao Group Co 6.1% AUD5,000/AUD1,000 Tencent Holdings Ltd 4.2% As at 31 March 2020* Co Ltd 4.1% Fund Size/NAV Per Unit Target Fund Sector Allocation as at 29 February 2020# USD10.0million/USD0.5738 MYR41.3million/MYR0.6029(MYR) MYR138.8million/MYR0.5769(MYR Hedged) SGD2.3million/SGD0.5629((SGD Hedged) AUD17.3million/AUD0.5583AUD Hedged)

# The data provided above is that of the Fund by UBS Asset Management (Hong Kong) Limited and is a percentage of NAV of the Target Fund as at 29 February 2020 as the data is provided by the Target Fund Manager after Affin Hwang Asset Management Bhd publication cut-off date. Please note that the asset exposure for the Target Fund is subject to frequent changes on daily basis.

* The data provided above is that of the Fund and is a percentage of NAV as at 31 March 2020. All figures are subject to frequent changes on a daily basis. The total for Asset Allocation and Target Fund Sector Allocation might not add up to100% due to rounding.

¹ To invest in a Class other than MYR Class and MYR-Hedged Class, investors are required to have a foreign currency account with any Financial Institutions as all transactions relating to the particular foreign currency will ONLY be made via telegraphic transfers.

² Where a distribution is declared, investors are advised that following the issue of additional Units/distribution, the NAV per Unit will be reduced from cum-distribution NAV to ex-distribution NAV. The yield of the distributions are calculated based on the total dividend payout/ex-distribution NAV.

This document is prepared by Affin Hwang Asset Management Bhd (199701014290 (429786-T)). It is not intended to be an offer or invitation to subscribe or purchase any securities. The information contained herein has been obtained from sources believed in good faith to be reliable, however, no guarantee is given in its accuracy or completeness. Past performance of the Fund is not indicative of its future performance. Prices and distribution payable, if any, can go down as well as up. A Product Highlights Sheet (PHS) is available for the Fund and investors have the right to request for a copy of it. The Information Memorandum dated 8 January 2019 and PHS have been lodged with the Securities Commission Malaysia, who takes no responsibility for its contents. Investors are advised to read and understand the contents of the PHS and the IM before investing. Application for Units can only be made on receipt of a form of application referred to in and accompanying the PHS and the IM. Investors should also consider the fees and charges involved. A copy of the PHS and the IM can be obtained at our office or any of our sales offices. The Fund may not be suitable for all and if in doubt, investors should seek independent advice. 33 APRIL 2020 | FUNDamentals