SUPPLEMENT 1 - Strategic China Panda Fund Dated 9th March, 2021 to the Prospectus issued for E.I. Sturdza Funds plc This Supplement contains information relating specifically to the Strategic China Panda Fund (the “Fund”), a sub fund of E.I. Sturdza Funds plc (the “Company”), an open-ended umbrella investment company with segregated liability between funds authorised by the Central Bank of Ireland (the “Central Bank”) on 26th September, 2008 as a UCITS pursuant to the UCITS Regulations. As at the date of this Supplement the Company has seven other funds: the Nippon Growth (UCITS) Fund, the Strategic Europe Quality Fund, the Strategic Global Quality Fund, the Strategic European Silver Stars Fund, the Strategic Japan Opportunities Fund, the Sturdza Family Fund and the Strategic Bond Opportunities Fund Details of each fund are set out in Supplements 1-8 of the Prospectus. This Supplement forms part of and should be read in the context of and in conjunction with the Prospectus for the Company dated 26th November 2020 (the “Prospectus”). The difference at any one time between the sale price (to which may be added a sales charge or commission) and the redemption price of Shares (from which may be deducted a redemption fee) means an investment should be viewed as medium to long term. An investment in the Fund should not constitute a substantial proportion of an investment portfolio and may not be appropriate for all investors. Investors should read and consider the section entitled “Risk Factors” before investing in the Fund. The Fund may, at any one time, be significantly invested in financial derivative instruments. UK taxpayers should read the section of the United Kingdom Country Supplement entitled “United Kingdom Taxation.” Profile of a Typical Investor: Investment in the Fund is suitable only for those persons and institutions for whom such investment does not represent a complete investment programme, who understand the degree of risk involved (as detailed under the Section headed “Risk Factors” in the Prospectus and Supplement), can tolerate a high level of volatility and believe that the investment is suitable based upon their investment objectives and financial needs. 1 1. Interpretation The expressions below shall have the following meanings: “Business Day” means any day, except Saturday, Sunday, or public holidays in Ireland or Hong Kong or such other day or days as may be determined by the Directors and notified in advance to Shareholders. “Dealing Day” means each Business Day following a Valuation Point. “Dealing Deadline” means 11.59p.m. Irish time one Business Day preceding the relevant Valuation Day or such other time as the Directors may determine and notify the Shareholders in advance. “Initial Price” means USD / GBP / CHF / EUR 1,000 per currency equivalent Share Class. “Investment Adviser” means LBN Advisers Limited. “Investment Advisory means the Investment Advisory Agreement made between the Company, Agreement” the Investment Manager and the Investment Adviser dated 11th September, 2018. “Valuation Point” means 5.00 pm (Irish Time) on each Business Day. “Valuation Day” means each Business Day. All other defined terms used in this Supplement shall have the same meaning as in the Prospectus. 2 2. Classes of Shares Subfund Name Strategic China Panda Fund Share Class Type A C B Share Class A EUR A CHF A USD AD GBP C EUR C USD B EUR B CHF B USD B GBP ISIN IE00B3 IE00BHBF1 IE00B3DKH IE00B3DKH IE00BYMB9 IE00BYMB9 IE00BHBF154 IE00BHBF17 IE00BHBF1 IE00BHBF165 DKHB71 323 950 D95 F61 D48 7 60 430 3 Fund Launch Date 03/10/2008 Class Launch Date 03/10/20 18/10/2017 03/10/2008 03/10/2008 23/01/2018 not launched 31/07/2015 25/06/2018 11/03/2014 not launched 08 Base Currency USD Share Class Currency EUR CHF USD GBP EUR USD EUR CHF USD GBP Hedged Class Yes Yes No Yes Yes No Yes Yes No Yes Distributing or Accumulating Accumulating Distributing Accumulating Benchmark Index MSCI Total Return Net China Index Benchmark code (Bloomberg NDEUCHF Index (Perf fee) Ticker) NAV Frequency (Valuation Daily Point) Trading Notice (T) 1 business day Cut-off T 23.59 Irish time subscriptions/redemptions Contract note release T+2 Subscription settlement 2 days following the Dealing Day Redemption settlement 2 days following the Dealing Day Investment Management fee 1.50% 1.50% 1.50% 1.50% 2.20% 2.20% 1.00% 1.00% 1.00% 1.00% Performance fee 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 10.00% 10.00% 10.00% 10.00% Research fee N/A Placement/Front end load fees 0.00% Redemption Fee 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% ADL N/A ADL computation N/A Minimum Subscription and No minimum 1,000,000 Minimum Holding 3 Initial Offer Period Closed Closed Closed Closed Closed from 9:00 Closed Closed Closed from 9:00 a.m. a.m. (Irish (Irish time) on time) on 27th 27th November, November, 2020 to 5:00 2020 to 5:00 p.m. on 27th p.m. on 27th May, 2021 May, 2021 Initial Offer Price 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 The A and C Share Classes of the Fund are available for Retail and Professional Investors; however are also open to Institutional Investors. The B Share Class is deemed to be a “clean” class (i.e. non rebate paying) and is intended for Institutional Investors. The B Class is also made available to nominee / global custodians representing underlying Institutional Investors that satisfy the minimum investment criteria across multiple accounts, firms providing non-independent advisory services, those entities that are prohibited from investing in classes which pay rebates or performance fee or providers of independent advisory services, discretionary investment management or other distributors who: I. provide investment services and activities as defined by the MiFID II Directive; and II. have separate fee arrangements with their clients in relation to those services and activities provided; and III. do not receive any other fee, rebate or payment other than from their client in relation to those services and activities. Retail and Professional Investors are not prohibited from investing in the B Class of the Fund provided they satisfy the minimum investment criteria as defined above. 4 3. Investment Objective The investment objective of the Fund is to achieve long term capital growth in the value of assets. 4. Investment Policy In pursuit of its investment objective the Fund will invest directly, or indirectly through the use of financial derivative instruments and ETFs as described below, not less than 70% (on a consolidated basis) of its total assets in equity securities quoted or traded on a Recognised Exchange, to include but not limited to stock exchanges in Hong Kong, China, Taiwan or Singapore, or issued by Chinese issuers, being companies incorporated in Hong Kong, China, Macau or Taiwan, or in companies which predominantly carry on their activities in Hong Kong, China, Macau or Taiwan. The Fund may therefore, at any one time be significantly invested in financial derivative instruments. The Fund is actively managed, with reference to the MSCI TR Net China Index (the “Index”), as further detailed below, for performance monitoring and calculation of performance fees. The Investment Adviser is not subject to constraints in terms of deviation from the benchmark composition and may use its discretion to invest in securities/sectors which are not included in the Index. The degree of freedom from the Index may potentially be significant. The Fund’s portfolio will be balanced according to the Investment Manager’s assessment of investment prospects but may, depending upon underlying investment conditions, emphasise investment in companies operating in those sectors of the Hong Kong, China, Macau, Taiwan or Singapore economies that, in the Investment Manager’s opinion, provide the determinants for Hong Kong’s, China's, Macau’s, Taiwan’s or Singapore’s economic growth such as those involved in international trade, property and construction activity, engineering, electronics or the service sectors. The Fund may invest up to 30% of its Net Asset Value into China A-shares either directly via the China- Hong Kong Stock Connect Programmes or indirectly via Participation Notes (‘P-Notes’), as set out below. The Fund may invest in exchange traded and OTC derivatives such as futures, options, warrants, equity and interest rate swaps as detailed under the section headed ‘“Efficient Portfolio Management” and “Financial Derivative Instruments” for investment purposes, efficient portfolio management purposes, to indirectly gain exposure to underlying equity securities where the Investment Manager feels it is more efficient to do so, or hedging purposes in accordance with the requirements of the Central Bank. Exchange traded or OTC financial derivatives such as equity swaps, equity participation notes and pass through notes may be utilized to gain exposure to China A-shares or China B-shares. China A-shares are equity securities issued by companies incorporated in China and are denominated and traded in renminbi (“RMB”) on the Shenzhen or Shanghai Stock Exchanges. Purchase and ownership of China A-shares is generally restricted to domestic investors and selected foreign institutional investors that have obtained a Qualified Foreign Institutional Investor (“QFII”) or Renminbi Qualified Foreign Institutional Investor (“RQFII”) permit and quota or have access to the Shanghai-Hong Kong Stock Connect Scheme (the “Shanghai Connect Scheme”) or the Shenzhen-Hong Kong Stock Connect Scheme (the “Shenzhen Connect Scheme” and, together with the Shanghai Connect Scheme, the “Connect Schemes”). China B- 5 shares are equity securities issued by companies incorporated in China and are denominated and traded in USD and Hong Kong dollars on the Shanghai and Shenzhen Stock Exchanges, respectively, and are open to both domestic and foreign investors.