Hang Seng Investment Series

Notice to Unitholders

This document is important and requires your immediate attention. If you are in doubt about the contents of this document, you should seek independent professional financial advice.

Capitalized terms used herein but not otherwise defined will have the same meanings as defined in the Explanatory Memorandum of the Series.

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance is not indicative of future performance. Investors

before making any investment decision.

Dear Unitholders

Amendments to the Explanatory Memorandum of the Series

We, as the Manager of the Series, are writing to inform you that, as the Hang Seng Dollar Money Market Fund has been terminated with effect from 21 June 2018 and has been ceased to be an authorized fund on 30 July 2018, a provided with, the Explanatory Memorandum of the Series should read as deleted.

s , their Product Key Facts Statements are updated accordingly and available at www.hangsenginvestment.com from the date of this document.

If you have any queries concerning the above, please contact us at (852) 2198 5890 during office hours.

We accept full responsibility for the accuracy of the contents of this document.

Hang Seng Investment Management Limited 28 August 2018 Hang Seng Investment Series

Hang Seng Index Fund Hang Seng Midcap Index Fund Hang Seng Index Fund Hang Seng China Enterprises Index Fund Fund Hang Seng Corporate Sustainability Index Fund Leveraged 150 Fund Hang Seng China Enterprises Index Leveraged 150 Fund Hang Seng Taiwan Index Fund Hang Seng American Index Fund Hang Seng UK Index Fund Hang Seng Continental European Index Fund Hang Seng Japan Index Fund Hang Seng Pacific Index Fund Hang Seng China A Industry Top Index Fund

This document is important and requires your immediate attention. If you are in doubt about the contents of this document, you should seek independent professional financial advice.

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance is not indicative of future performance. Investors

before making any investment decision.

Supplement to the Term Sheets of the Funds

This supplement forms part of and should be read in conjunction with the Term Sheets of the Funds.

Updated Index Information

(i)

As at 7 August 2018, the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (%) 5 HSBC Holdings Plc 10.37 700 Holdings Ltd. 9.59 1299 AIA Group Ltd. 9.17 939 Corporation - H Shares 7.56 941 Ltd. 4.79 1398 Industrial and Commercial Ltd. - H Shares 4.77 2318 (Group) Co. of China Ltd. - H Shares 4.12 3988 Bank of China Ltd. - H Shares 3.23 388 Hong Kong Exchanges and Clearing Ltd. 2.98 1 CK Hutchison Holdings Ltd. 2.67

(ii)

As at 7 August 2018, the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (%) 914 Anhui Conch Cement Co. Ltd. - H Shares 2.55 586 China Conch Venture Holdings Ltd. 2.23 1099 Sinopharm Group Co. Ltd. - H Shares 1.71 2269 Wuxi Biologics (Cayman) Inc. 1.48 3323 China National Building Material Co. Ltd. - H Shares 1.33 981 Semiconductor Manufacturing International Corporation 1.33 2202 China Co., Ltd. - H Shares 1.31 1766 CRRC Corporation Ltd. - H Shares 1.29 6030 CITIC Securities Co. Ltd. - H Shares 1.23 1336 New China Life Insurance Co. Ltd. - H Shares 1.18

(iii)

The As at 7 August 2018, 63.74%, 19.56% and 16.70 the 50 constituent stocks of the Index are grouped under sectors of Financials, Oil & Gas, Technology, Telecommunications, Industrials, Consumer Goods, Basic Materials and Consumer Services. the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (%) 939 China Construction Bank Corporation - H Shares 9.16 700 Tencent Holdings Plc - P Chip 8.47 1398 Industrial and Commercial Bank of China Ltd. - H Shares 8.26 941 China Mobile Ltd. - Red Chip 6.22 2318 Ping An Insurance (Group) Co. of China Ltd. - H Shares 5.83 3988 Bank of China Ltd. - H Shares 4.50 386 China Petroleum & Chemical Corporation - H Shares 4.03 883 CNOOC Ltd. - Red Chip 3.93 2628 China Life Insurance Co. Ltd. - H Shares 3.36 857 PetroChina Co. Ltd. - H Shares 2.90

(iv)

As at 7 August 2018, the Index comprised 50 constituents with total market capitalisation of HKD3,460 billion and the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (%) 2318 Ping An Insurance (Group) Co. of China Ltd. - H Shares 10.09 1398 Industrial and Commercial Bank of China Ltd. - H Shares 9.76 939 China Construction Bank Corporation - H Shares 9.73 3988 Bank of China Ltd. - H Shares 8.38 386 China Petroleum & Chemical Corporation - H Shares 5.56 2628 China Life Insurance Co. Ltd. - H Shares 4.10 700 Tencent Holdings Plc 3.91 941 China Mobile Ltd. 3.60 857 PetroChina Co. Ltd. - H Shares 3.59 3968 Co. Ltd. - H Shares 3.40

(v)

As at 7 August 2018, the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (Hong Kong (Mainland Stock Name (%) Listed) China Listed) 700 - Tencent Holdings Ltd. 9.96 939 - China Construction Bank Corporation - H Shares 6.51 - 601318 Ping An Insurance (Group) Company of China, Ltd. - A Shares 6.04 941 - China Mobile Ltd. 4.12 1398 - Industrial and Commercial Bank of China Ltd. - H Shares 4.10 - 600036 China Merchants Bank Co. Ltd. - A Shares 3.88 - 600519 Co. Ltd. - A Shares 3.80 2318 - Ping An Insurance (Group) Co. of China Ltd. - H Shares 3.55 3988 - Bank of China Ltd. - H Shares 2.78 - 601166 Co. Ltd. - A Shares 2.63

(vi)

As at 7 August 2018, the respective weightings of the top 10 largest constituent stocks of the Index were: Stock Code Stock Name Weighting (%) 941 China Mobile Ltd. 10.26 5 HSBC Holdings Plc 9.98 1398 Industrial and Commercial Bank of China Ltd. - H Shares 9.22 3988 Bank of China Ltd. - H Shares 7.62 388 Hong Kong Exchanges and Clearing Ltd. 7.02 1 CK Hutchison Holdings Ltd. 6.30 2 CLP Holdings Ltd. 4.59 823 Link Real Estate Investment Trust 4.35 11 Ltd. 4.26 16 Ltd. 4.20

(vii)

As at 7 August 2018, the respective weightings of the top 10 largest constituent stocks of the Index were: Ranking Stock Name Weighting (%) 1 Taiwan Semiconductor Manufacturing Co. Ltd. 33.70 2 7.32 3 3.14 4 2.99 5 2.75 6 Cathay Financial Holding 2.40 7 Formosa Chemicals & Fibre Corp. 2.39 8 Media Tek Inc. 2.36 9 Chunghwa Telecom Co. Ltd. 2.35 10 CTBC Financial Holding Co. Ltd. 2.26

(viii) Appendix 1 to the Term Sheet of Hang Seng American Index Fund

As at 20 August 2018,

Ranking Stock Name Weighting (%) 1 Apple Inc 4.37 2 Microsoft Corp 3.39 3 Amazon.com Inc 3.12 4 Facebook Inc A 1.71 5 Berkshire Hathaway B 1.66 6 JP Morgan Chase & Co 1.61 7 Johnson & Johnson 1.52 8 Alphabet Inc C 1.51 9 Alphabet Inc A 1.51 10 Exxon Mobil Corp 1.38

(ix) Appendix 1 to the Term Sheet of Hang Seng UK Index Fund

As at 7 Aug 2018,

Ranking Stock Name Weighting (%) 1 HSBC Holdings 7.20 2 Royal Dutch Shell - A 5.97 3 BP 5.63 4 Royal Dutch Shell - B 4.93 5 British American Tobacco 4.76 6 GlaxoSmithKline 3.91 7 AstraZeneca 3.76 8 Diageo 3.40 9 Unilever 2.52 10 Vodafone Group 2.49

(x) Appendix 1 to the Term Sheet of Hang Seng Continental European Index Fund

As at 7 August 2018,

Ranking Stock Name Weighting (%) 1 Nestle 3.74 2 Novartis 2.70 3 Roche Hldgs 2.54 4 Total 2.42 5 SAP 1.65 6 Bayer AG 1.54 7 Siemens AG 1.48 8 Allianz SE 1.42 9 Sanofi 1.38 10 Banco Santander 1.30

(xi) Appendix 1 to the Term Sheet of Hang Seng Japan Index Fund

As at 7 August 2018,

Ranking Stock Name Weighting (%) 1 Toyota Motor 4.26 2 Mitsubishi UFJ Financial 2.01 3 SoftBank Group 1.99 4 Sony Corp 1.81 5 Honda Motor Co 1.40 6 Sumitomo Mitsui Financial Group 1.37 7 KDDI Corp 1.28 8 Keyence Corp 1.26 9 Mizuho Financial Group 1.16 10 Shin-Etsu Chemical 1.04

(xii) Appendix 1 to the Term Sheet of Hang Seng Pacific Index Fund

As at 7 August 2018,

Ranking Stock Name Weighting (%) 1 Samsung Electronics 5.59 2 Taiwan Semiconductor Manufacturing 5.43 3 AIA Group Ltd. 3.00 4 Commonwealth Bank of Australia 2.73 5 BHP Billiton Ltd. 2.30 6 Westpac Banking Corp 2.13 7 CSL 1.94 8 Australia & New Zealand Banking Group 1.79 9 National Australia Bank 1.61 10 Wesfarmers 1.20

(xiii) Appendix 2 to the Term Sheet of Hang Seng China A Industry Top Index Fund

As at 7 August 2018,

Ranking Stock Name Industry Weighting (%) 1. Ping An Insurance (Group) Company of China, Ltd. Financials 10.34 2. Kweichow Moutai Co. Ltd. Consumer Goods 10.17 3. Co. Ltd. Consumer Goods 6.11 4. Appliances, Inc. of Consumer Goods 5.83 5. China Vanke Co. Ltd. Properties & Construction 4.07 6. Digital Technology Co. Ltd. Information Technology 4.00 7. Industrial and Commercial Bank of China Ltd. Financials 3.86 8. China State Construction Engineering Corporation Ltd. Properties & Construction 3.53 9. Co. Ltd Utilities 3.48 10. Saic Motor Co. Ltd. Consumer Goods 3.36

If you have any queries concerning the above, please contact us at (852) 2198 5890 during office hours.

We accept full responsibility for the accuracy of the contents of this document.

Hang Seng Investment Management Limited 28 August 2018