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E FUND CSI 100 A-Share Index ETF IMPORTANT: The Stock Exchange of Hong Kong Limited (the “SEHK”), Hong Kong Exchanges and Clearing Limited (“HKEx”), the Securities and Futures Commission (“SFC”) and the Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this Announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Announcement. The Manager accepts full responsibility for the accuracy of the information contained in this Announcement as at the date of publication, 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 and opinions expressed in this Announcement have been arrived at after due and careful consideration. SFC authorisation is not a recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE. E FUND CSI 100 A-Share Index ETF RMB Counter Stock Code: 83100 HKD Counter Stock Code: 03100 (Sub-fund of E Fund ETFs Trust (the “Trust”), a Hong Kong umbrella unit trust, authorised under Section 104 of the Securities and Futures Ordinance (Cap. 571 of the laws of Hong Kong SAR)) Announcement Change of Underlying Index and Change of Name and Short Name of the Sub-Fund Dear Unitholders, E Fund Management (Hong Kong) Co., Limited (the “Manager”), the manager of the Trust and the Sub- Fund, hereby announces that, with effect from 7 December 2020 (the “Effective Date”), the underlying index of the Sub-Fund will be changed to CSI 300 Index. The rebalancing to the constituents of this new index will take place over a period of 3 trading days starting on the Effective Date. As a result of the change in Underlying Index, the name of the Sub-Fund will be changed to “E Fund (HK) CSI 300 A-Share Index ETF” in English and “易方達（香港）滬深 300 A 股指數 ETF” in Chinese and the short name of the Sub-Fund will be “EFUND CSI300-R” (RMB counter) / “EFUND CSI300” (HKD counter) in English and “易方達滬深三－R” (RMB counter) / “易方達滬深三” (HKD counter) in Chinese. Investors should exercise caution in dealing with the units of the Sub-Fund. Unless otherwise stated, capitalised terms in this Announcement have the same meanings as defined in the prospectus of the Trust and the Sub-Fund (the “Prospectus”). Change of Underlying Index With effect from the Effective Date, the Index of the Sub-Fund will change from CSI 100 Index (the “Existing Index”) to CSI 300 Index (the “New Index”). This change will commence from the start of trading on the Effective Date. The rebalancing to the constituents of the New Index is anticipated to take place over a period of 3 trading days starting on the Effective Date, ending on 9 December 2020 at the latest. Please refer to 1 section C below for more information on the rebalancing process. A. Information on the New Index and comparison between the Existing Index and the New Index The New Index is calculated and published by China Securities Index Co., Ltd.. Please refer to Appendix 1 to this Announcement for a summary of information about the New Index. Set out below is a comparison of the key features of the Existing Index and the New Index: CSI 100 Index (Existing Index) CSI 300 Index (New Index) Index Provider China Securities Index Co., Ltd. China Securities Index Co., Ltd. Investment The Existing Index measures the The New Index is a free float market Universe performance of the 100 largest A- capitalisation weighted index which Shares issuers by market capitalisation measures the performance of 300 A- out of the constituents of the CSI 300 Shares with the largest market Index. capitalisation and good liquidity from the entire universe of listed A-Shares companies in the PRC, representing about 70% of the total market capitalisation of the Shanghai Stock Exchange and Shenzhen Stock Exchange. Index Free- RMB 11.1 trillion RMB16.8 trillion Float Adjusted Market Capitalisation Number of 100 300 constituents Data as at 23 October 2020 The Manager proposes to change from the Existing Index to the New Index in order for the Sub-Fund to gain more exposure to the A-Share market. The Manager considers that given the performance of the New Index and the A-Share market in general, changing the underlying index from the Existing Index to the New Index would be a favourable decision to the Sub-Fund and the investors as the New Index would have a better exposure to the A-Share market while maintaining an investment scope which is highly correlated to the Existing Index. Investors should note that there is no guarantee of (i) the correlation of the two indices in future and (ii) the return of the Sub-Fund after the index change. There will not be any material change or increase in the risk profile, except for rebalancing period risk and past performance risk of the Sub-Fund (as described below) due to the fact that the constituents of the New Index is different from the Existing Index and the need to rebalance. There is no material change in terms of investment risks of the constituents of the two indices because the constituents of the New Index are not materially different from the Existing Index as the Existing Index measures the performance of the 100 largest A-Shares issuers by market capitalisation out of the constituents of the New Index. Hence the scope of the New Index will be highly correlated to that of the Existing Index. The Manager considers that the impact of the changes discussed in this Announcement will not materially prejudice the existing Unitholders’ rights or interests given the high degree of correlation between the Existing Index and New Index. There are no other matters/impact arising from the changes that may materially prejudice the existing investors’ rights or interests. Other than the changes as described in this Announcement, there are no implications on the features of the Sub-Fund. There will not be any changes to the fee level/cost in managing the Sub-Fund following the implementation of the change of underlying index. Save and except the rebalancing of the constituents (as described under section C below), there will be no change in the operation and/or manner in which the Sub-Fund is being managed. Other than the change in Index and the risks as described in Appendix 2 to this Announcement, there are no effects on existing investors starting on the Effective Date. B. Change of name and short name of the Sub-Fund As a consequence of the change in Underlying Index, the names and short names of the Sub-Fund will be changed from the Effective Date. The full names and short names of the Sub-Fund from the Effective Date onwards will be as follows: As at the date of this Announcement From the Effective Date onwards Stock code RMB counter: 83100 RMB counter: 83100 HKD counter: 3100 HKD counter: 3100 English name E Fund CSI 100 A-Share Index ETF E Fund (HK) CSI 300 A-Share Index ETF Chinese name 易方達中證 100 A 股指數 ETF 易方達（香港）滬深 300 A 股指數 ETF English stock RMB counter: EFUND CSI100-R RMB counter: EFUND CSI300-R short names HKD counter: EFUND CSI100 HKD counter: EFUND CSI300 Chinese stock RMB counter: 易方達中一百－R RMB counter: 易方達滬深三－R short names HKD counter: 易方達中一百 HKD counter: 易方達滬深三 For the avoidance of doubt, there will be no change to the stock codes, the trading lot size and the ISIN of the Sub-Fund despite of the change in Underlying Index on the Effective Date. C. Rebalancing process The rebalancing of assets held by the Sub-Fund from constituents of the Existing Index to constituents of the New Index will commence on the Effective Date and is anticipated to take place over a period of 3 trading days (the “Rebalancing Period”). During the Rebalancing Period, the tracking error and tracking difference of the Sub-Fund may be higher than its historical level. Investors should note that after the Rebalancing Period, there is no guarantee that the tracking error and tracking difference of the Sub-Fund will be similar to that before the change in underlying index. The Manager does not expect that the rebalancing will have any material impact on the market. Please refer to Appendix 2 for risks involved during the Rebalancing Period. D. Risks factors As mentioned above, there may be risks involved during the Rebalancing Period. There are also risks involved in relation to the change in Index in general. Please refer to Appendix 2 to this Announcement for potential risk factors. Impact on the Sub-Fund Other than as outlined above, the changes described in this Announcement are not expected to affect the operation of the Sub-Fund on the Effective Date. As a result of the above changes, the management fee for the Sub-Fund will remain unchanged; and information relating to past performance of the Sub-Fund will continue to be shown in the KFS. Investors should however note that due to the changes as set out in this Announcement, the circumstances under which performance prior to the Effective Date was achieved will no longer apply.
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