ChinaAMC ETF Series ChinaAMC CSI 300 Index ETF Unaudited Semi-Annual Report For the period from 1 January 2021 to 30 June 2021 UNAUDITED SEMI-ANNUAL REPORT ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) For the period from 1 January 2021 to 30 June 2021 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) CONTENTS Pages MANAGEMENT AND ADMINISTRATION 1 - 3 REPORT OF THE MANAGER TO THE UNITHOLDERS 4 - 5 UNAUDITED FINANCIAL STATEMENTS Statement of financial position 6 Statement of comprehensive income 7 Statement of changes in net assets attributable to unitholders 8 Statement of cash flows 9 INVESTMENT PORTFOLIO (UNAUDITED) 10 – 18 MOVEMENTS IN INVESTMENT PORTFOLIO (UNAUDITED) 19 – 28 PERFORMANCE RECORD (UNAUDITED) 29 – 30 DISTRIBUTION DISCLOSURE (UNAUDITED) 31 IMPORTANT: Any opinion expressed herein reflects the Manager’s view only and is subject to change. For more information about the Sub-Fund, please refer to the prospectus of the Sub-Fund which is available at our website: http://www.chinaamc.com.hk/en/products/etf/csi300/documents.html Investors should not rely on the information contained in this report for their investment decisions. ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) MANAGEMENT AND ADMINISTRATION Manager and RQFII Holder Administrator and Custodian China Asset Management (Hong Kong) Limited Citibank, N.A. 37/F, Bank of China Tower 50/F, Champion Tower 1 Garden Road Three Garden Road Central, Hong Kong Central, Hong Kong Directors of the Manager Registrar Mr Yang Minghui Computershare Hong Kong Investor Services Mr Gan Tian Limited Ms Li Yimei 46/F, Hopewell Centre Mr Li Fung Ming 183 Queen’s Road East Wanchai, Hong Kong Trustee Service Agent Cititrust Limited HK Conversion Agency Services Limited 50/F, Champion Tower 1/F One & Two Exchange Square Three Garden Road 8 Connaught Place Central, Hong Kong Central, Hong Kong PRC Custodian Legal Counsel to the Manager Citibank (China) Co., Limited Simmons & Simmons Citigroup Tower 30/F, One Taikoo Place No. 33, Hua Yuan Shi Qiao Road 979 King’s Road Lu Jia Zui Finance and Trade Area, Shanghai Hong Kong People’s Republic of China Auditor Ernst & Young Certified Public Accountants Registered Public Interest Entity Auditor 22/F, CITIC Tower 1 Tim Mei Avenue Central, Hong Kong 1 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) MANAGEMENT AND ADMINISTRATION (continued) Participating Dealers ABN AMRO Clearing Hong Kong Limited Guotai Junan Securities (Hong Kong) Limited 70/F, International Commerce Centre 27/F, Low Block, Grand Millennium Plaza 1 Austin Road West 181 Queen’s Road Kowloon, Hong Kong Central, Hong Kong Barclays Bank PLC Haitong International Securities Company 41/F, Cheung Kong Center Limited 2 Queen's Road Central 35/F, Infinitus Plaza Central, Hong Kong 199 Des Voeux Road Central, Hong Kong BNP Paribas Securities (Asia) Limited J.P. Morgan Broking (Hong Kong) Limited 59/F-63/F, Two International Finance Centre 33/F, One Island East 8 Finance Street 18 Westlands Road, Island East Central, Hong Kong Hong Kong BOCI Securities Limited Macquarie Bank Limited 18/F, Grand Millennium Plaza Level 18, One International Finance Centre 181 Queen’s Road 1 Harbour View Street Central, Hong Kong Central, Hong Kong China International Capital Corporation Merrill Lynch Far East Limited Hong Kong Securities Limited 55/F, Cheung Kong Center 29/F, One International Finance Centre 2 Queen’s Road 1 Harbour View Street Central, Hong Kong Central, Hong Kong China Merchants Securities (HK) Co., Limited Mirae Asset Securities (HK) Limited 48/F, One Exchange Square 12/F, Three Exchange Square 8 Connaught Place 8 Connaught Road Central, Hong Kong Central, Hong Kong CITIC Securities Brokerage (HK) Limited Morgan Stanley Hong Kong Securities Limited 26/F, CITIC Tower 46/F, International Commerce Centre 1 Tim Mei Avenue 1 Austin Road West Central, Hong Kong Kowloon, Hong Kong Credit Suisse Securities (Hong Kong) Limited Nomura International (Hong Kong) Limited 88/F, International Commerce Centre 30/F, Two International Finance Centre 1 Austin Road West 8 Finance Street Kowloon, Hong Kong Central, Hong Kong Goldman Sachs (Asia) Securities Limited SG Securities (HK) Limited 68/F, Cheung Kong Center 38/F, Pacific Place 3 2 Queen’s Road 1 Queen’s Road East Central, Hong Kong Admiralty, Hong Kong 2 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) MANAGEMENT AND ADMINISTRATION (continued) Participating Dealers (continued) The Hongkong and Shanghai Banking Yuanta Securities (Hong Kong) Company Limited Corporation Limited 23/F, Tower 1, Admiralty Centre Level 18, HSBC Main Building 18 Harcourt Road 1 Queen’s Road Admiralty, Hong Kong Central, Hong Kong UBS Securities Hong Kong Limited Zhongtai International Securities Limited 42/F, One Exchange Square 19/F, Li Po Chun Chambers Central, Hong Kong 189 Des Voeux Road Central, Hong Kong 3 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) REPORT OF THE MANAGER TO THE UNITHOLDERS Introduction The ChinaAMC CSI 300 Index ETF (the “Sub-Fund”), a sub-fund of ChinaAMC ETF Series, an umbrella unit trust established under Hong Kong law by a trust deed dated 28 May 2012 between China Asset Management (Hong Kong) Limited (the “Manager”) and Cititrust Limited (the “Trustee”). The Sub-Fund is a physical exchange traded fund investing directly in underlying A-Shares. Its RMB counter (stock code: 83188) and HKD counter (stock code: 03188) commenced trading on The Stock Exchange of Hong Kong Limited (the “SEHK”) on 17 July 2012 and 26 October 2012 respectively. The Sub-Fund is an index- tracking fund that seeks to track the performance of the CSI 300 Index (the “Index”). The Manager primarily uses a full replication strategy through investing directly in securities included in the Index with substantially the same weightings in which they are included in the Index, through the Renminbi Qualified Foreign Institutional Investor (“RQFII”) program and Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (“Stock Connect”). The Manager may also use a representative sampling strategy where it is not possible to acquire certain securities which are constituents of the Index due to restrictions or limited availability. This means that the Sub-Fund will invest directly in a representative sample of securities that collectively has an investment profile that aims to reflect the profile of the Index, through the RQFII investment quota granted to the Manager by the SAFE. The securities constituting the representative sample may or may not themselves be constituents of the Index. Performance of the Sub-Fund The investment objective of the Sub-Fund is to provide investment results that, before fees and expenses, closely correspond to the performance of the Index. There can be no assurance that the Sub-Fund will achieve its investment objective. The performance of the Sub-Fund is set out below (Total Returns in respective currency1,2): 1-Month 3-Month Since Launch The Index -1.48% 4.27% 162.63%3 RMB Counter of the Sub-Fund (NAV-to-NAV) -1.62% 3.93% 120.91%4 RMB Counter of the Sub-Fund (Market-to-Market) -2.39% 3.67% 119.67%4 HKD Counter of the Sub-Fund (NAV-to-NAV) -3.04% 5.49% 128.94%5 HKD Counter of the Sub-Fund (Market-to-Market) -4.18% 4.90% 126.57%5 1 Source: Bloomberg, as of 30 June 2021. Performances of CSI 300 Index and RMB Counter of the Sub-Fund are calculated in RMB while performances of HKD Counter of the Sub-Fund are calculated in HKD. Past performance figures shown are not indicative of the future performance of the Sub-Fund. 2 With effect from 25 April 2017, China Asset Management Co., Ltd ceased to be the investment adviser of the Sub-Fund. The performance of the Sub-Fund prior to 25 April 2017 was achieved under circumstances that no longer apply. 3 Calculated Since 16 July 2012. 4 Calculated Since 17 July 2012. 5 Calculated Since 26 October 2012. 4 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) REPORT OF THE MANAGER TO THE UNITHOLDERS (continued) Activities of the Sub-Fund According to Bloomberg, the average daily trading volume of the Sub-Fund was approximately 4,632,136 units from 1 January 2021 to 30 June 2021. As of 30 June 2021, there were 337,050,000 units outstanding. Activities of the Index There were 1 rebalance for the Index from 1 January 2021 to 30 June 2021. As of 30 June 2021, the Sub- Fund comprised of all 300 constituent stocks in the Index. China Asset Management (Hong Kong) Limited 13 August 2021 5 ChinaAMC CSI 300 Index ETF (a sub-fund of ChinaAMC ETF Series) STATEMENT OF FINANCIAL POSITION As at 30 June 2021 30 June 2021 31 December 2020 (Unaudited) (Audited) RMB RMB ASSETS Financial assets at fair value through profit or loss 17,879,412,559 15,635,597,090 Other receivable 100,841 – Cash and cash equivalents 122,209,266 116,641,605 TOTAL ASSETS 18,001,722,666 15,752,238,695 LIABILITIES Management fee payable 10,250,759 8,862,544 Custodian, fund administration and trustee fees payable 4,511,635 3,821,724 Amounts due to participating dealers 29,928 – Other payables and accruals 5,423,217 6,210,749 TOTAL LIABILITIES 20,215,539 18,895,017 EQUITY NET ASSETS ATTRIBUTABLE TO UNITHOLDERS 17,981,507,127 15,733,343,678 TOTAL LIABILITIES AND EQUITY 18,001,722,666 15,752,238,695 NUMBER OF UNITS IN ISSUE 337,050,000 296,400,000 NET ASSET VALUE PER UNIT 53.3497 53.0815 Note: The semi-annual report of the Sub-Fund have been prepared in accordance with the same accounting policies adopted in the 2020 annual financial statements.