China Everbright Fortune Fund Series
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CHINA EVERBRIGHT FORTUNE FUND SERIES EVERBRIGHT INCOME FOCUS FUND EVERBRIGHT RQFII BOND FUND EVERBRIGHT HONG KONG BOND FUND EVERBRIGHT GREATER CHINA OPPORTUNITIES FUND EVERBRIGHT GLOBAL BRANDS FUND FIRST ADDENDUM TO THE EXPLANATORY MEMORANDUM IMPORTANT: This First Addendum is supplemental to and forms part of the Explanatory Memorandum for the China Everbright Fortune Fund Series dated February 2018, as amended and supplemented from time to time (the “Explanatory Memorandum”). Unless otherwise defined herein, words and expressions defined in the Explanatory Memorandum shall have the same meaning when used in this First Addendum. If you are in doubt about the contents of the Explanatory Memorandum and this First Addendum, you should seek independent professional financial advice. The Securities and Futures Commission of Hong Kong takes no responsibility for the accuracy of any of the statements made or opinions expressed in this First Addendum. The Manager accepts full responsibility for the accuracy of the information contained in the Explanatory Memorandum and this First Addendum and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief there are no other facts the omission of which would make any statement misleading. The Explanatory Memorandum is amended as follows with immediate effect: (A) Extension of Initial Offer Period for Everbright Income Focus Fund Under the APPENDIX I – EVERBRIGHT INCOME FOCUS FUND section, the first and second paragraphs in the section headed “Initial Offer” on page 62 of the Explanatory Memorandum shall be deleted and replaced with the following: “Class A HKD (Distributing) Units, Class A USD (Distributing) Units and Class A USD (Accumulating) Units will be available for subscription during the period commencing 9 a.m. (Hong Kong time) on 5 June 2017 to 4 p.m. (Hong Kong time) on 28 September 2018 (or such other dates as may be determined by the Manager); and Class I RMB Units will be available for subscription during the period commencing 9 a.m. (Hong Kong time) on 1 September 2017 to 4 p.m. (Hong Kong time) on 28 September 2018 (or such other dates as may be determined by the Manager) (collectively, the “initial offer periods”). The respective initial offer prices of Class A HKD (Distributing) Units, Class A USD (Distributing) Units, Class A USD (Accumulating) Units and Class I RMB Units (exclusive of preliminary charge) are set out below:- Class Initial offer price per Unit (exclusive of preliminary charge) Class A HKD (Distributing) HKD10.00 MAIN\SLLAU\22048101_1.docx Units Class A USD (Distributing) USD10.00 Units Class A USD (Accumulating) USD10.00 Units Class I RMB Units RMB10.00 (B) Extension of Initial Offer Period for Everbright Hong Kong Bond Fund Under the APPENDIX III – EVERBRIGHT HONG KONG BOND FUND section, the first paragraph in the section headed “Initial Offer” on page 108 of the Explanatory Memorandum shall be deleted and replaced with the following: “Units of Everbright Hong Kong Bond Fund will be available for subscription during the period commencing 9 a.m. (Hong Kong time) on 30 December 2016 to 4:00 p.m. (Hong Kong time) on 28 September 2018 (or such other dates as may be determined by the Manager) (the “initial offer period”). It is expected that the first Dealing Day will be 2 October 2018 or the day immediately following the close of the initial offer period. If any such day is not a Business Day, the following Business Day will become the first Dealing Day.” (C) Extension of Initial Offer Period for Everbright Greater China Opportunities Fund Under the APPENDIX IV – EVERBRIGHT GREATER CHINA OPPORTUNITIES FUND section, the first paragraph in the section headed “Initial Offer” on page 124 of the Explanatory Memorandum shall be deleted and replaced with the following: “Class A HKD Units will be available for subscription during the period commencing 9 a.m. (Hong Kong time) on 30 November 2016 to 4:00 p.m. (Hong Kong time) on 28 September 2018 (or such other dates as may be determined by the Manager) (the “initial offer period”). It is expected that the first Dealing Day will be 2 October 2018 or the day immediately following the close of the initial offer period. If any such day is not a Business Day, the following Business Day will become the first Dealing Day.” (D) Extension of Initial Offer Period for Everbright Global Brands Fund Under the APPENDIX V – EVERBRIGHT GLOBAL BRANDS FUND section, the first paragraph in the section headed “Initial Offer” on page 149 of the Explanatory Memorandum shall be deleted and replaced with the following: “Units of Everbright Global Brands Fund will be available for subscription during the period commencing 9 a.m. (Hong Kong time) on 21 April 2016 to 4 p.m. (Hong Kong time) on 28 September 2018 (or such other dates as may be determined by the Manager) (the “initial offer period”). It is expected that the first Dealing Day will be 2 October 2018 or the day immediately following the close of the initial offer period. If any such day is not a Business Day, the following Business Day will become the first Dealing Day.” (E) Update to disclosure on Shanghai-Hong Kong Stock Connect Under the APPENDIX IV – EVERBRIGHT GREATER CHINA OPPORTUNITIES MAIN\SLLAU\22048101_1.docx FUND section, the seventh paragraph in the section headed “Shanghai-Hong Kong Stock Connect (“Stock Connect”)” on page 129 of the Explanatory Memorandum shall be deleted and replaced with the following: “The Daily Quota limits the maximum net buy value of cross-boundary trades under the Stock Connect each day. The Northbound Daily Quota is currently set at RMB52 billion.” China Everbright Securities (HK) Limited July 2018 The Explanatory Memorandum may only be distributed if accompanied by this First Addendum. MAIN\SLLAU\22048101_1.docx CHINA EVERBRIGHT FORTUNE FUND SERIES ______________________________________ EXPLANATORY MEMORANDUM ______________________________________ February 2018 MAIN\SLLAU\20751264_1.docx IMPORTANT INFORMATION FOR INVESTORS This Explanatory Memorandum comprises information relating to China Everbright Fortune Fund Series. China Everbright Fortune Fund Series is an open-ended unit trust established as an umbrella unit trust under the laws of Hong Kong by a trust deed dated 10 October 2013 between China Everbright Securities (HK) Limited as manager and ICBC (Asia) Trustee Company Limited as trustee. The Fund may establish sub-funds (each a “Sub-Fund”) in respect of which a separate class or classes of Units will be issued. The Fund currently has five Sub-Funds namely, Everbright Income Focus Fund (formerly known as Everbright Fortune Strategic Managed Fund), Everbright RQFII Bond Fund, Everbright Hong Kong Bond Fund, Everbright Greater China Opportunities Fund and Everbright Global Brands Fund. Some of the information in this Explanatory Memorandum is a summary of corresponding provisions in the Trust Deed. Investors should refer to the Trust Deed for further details. The Manager accepts full responsibility for the accuracy of the information contained in this Explanatory Memorandum and the Product Key Facts Statement of each Sub-Fund, and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief there are no other facts the omission of which would make any statement in this Explanatory Memorandum and the Product Key Facts Statement of each Sub-Fund misleading. However, neither the delivery of this Explanatory Memorandum and the Product Key Facts Statement of each Sub-Fund nor the offer or issue of Units shall under any circumstances constitute a representation that the information contained in this Explanatory Memorandum and the Product Key Facts Statement of each Sub-Fund is correct as of any time subsequent to the date of publication. This Explanatory Memorandum and the Product Key Facts Statement of each Sub-Fund may from time to time be updated. Intending applicants for Units should ask the Manager if any supplements to this Explanatory Memorandum or any later Explanatory Memorandum have been issued. Distribution of this Explanatory Memorandum must be accompanied by a copy of the Product Key Facts Statement of each Sub-Fund and the latest available annual report and accounts of the Fund (if any) and any subsequent interim report. Units of each Sub-Fund are offered on the basis only of the information contained in this Explanatory Memorandum, the Product Key Facts Statement and (where applicable) the above mentioned annual reports and accounts and interim reports. Any information given or representations made by any dealer, salesman or other person and (in either case) not contained in this Explanatory Memorandum or the Product Key Facts Statement should be regarded as unauthorised and accordingly must ii MAIN\SLLAU\20751264_1.docx not be relied upon. The Fund has been authorised by the SFC pursuant to section 104 of the SFO. The SFC’s authorisation is not a recommendation or endorsement of the Fund nor does it guarantee the commercial merits of the Fund or its performance. It does not mean the Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. No action has been taken to permit an offering of Units of the Sub-Fund(s) or the distribution of this Explanatory Memorandum in any jurisdiction other than Hong Kong where action would be required for such purposes. Accordingly, this Explanatory Memorandum may not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is not authorised. Further, Units of the Sub-Fund(s) may not be offered or sold, directly or indirectly, to any persons for reoffering or resale, in any jurisdiction where such action is not authorised. Receipt of this Explanatory Memorandum does not constitute an offer of Units of the relevant Sub-Fund in those jurisdictions in which it is illegal to make such an offer.