China Asset Management Hong Kong Limited

ITEM 5 — FEES AND COMPENSATION
Fees Charged by CAMHK
CAMHK generally charges fees based on a percentage of assets under management. The amount of
CAMHK's fees is negotiable and generally depends upon a number of factors, including the nature of
the services to be provided, the size of any portfolio which is to be managed and the investment
parameters agreed with the client.

CAMHK can agree with a particular client to a performance-based fee structure. Performance-based
fee structures are available to eligible clients, are negotiable and will be in compliance with applicable
laws and regulations.

How Fees are Charged
Fees are charged to and collected from each client in accordance with the terms of CAMHK’s
investment management or advisory agreement with the client. Fees generally are payable by clients
either monthly or quarterly in arrears. The client’s agreement with CAMHK can provide that CAMHK
is to invoice the client for payment of CAMHK’s fees. Alternatively, such agreement might authorize
CAMHK to deduct its fees from the client’s account by instructing the client’s custodian to debit the
client’s account and remit payment to CAMHK.

Brokerage and Other Transaction Costs
In addition to CAMHK’s fees, clients of CAMHK generally pay costs and charges to other parties in
connection with their accounts or certain securities transactions. These may include, but are not
limited to: commissions, commission equivalents and other charges for executing transactions
through broker-dealers; dealer mark-ups, mark-downs and spreads; auction fees; certain odd-lot
differentials; SEC fees; exchange fees; transfer taxes; stamp taxes; regulatory transaction fees; and
any other charges mandated by law or regulation. Please see Item 12 of this Brochure for information
concerning CAMHK’s brokerage practices.

Other Fees and Expenses
In addition to CAMHK's fees and brokerage and other transaction costs, clients generally pay other
fees and expenses in connection with CAMHK's advisory services, such as custodian fees to their
custodians, wire and electronic fund fees, and other charges, taxes or fees mandated by applicable
law.

Other Investment Products
In addition to the investment management strategies described in this document, CAMHK and its
affiliates offer to the public investment products such as unit trusts or other pooled investment
vehicles with investment styles and holdings that are identical and/or similar to those of the
investment management strategies described in this document. These other investment products
can be offered at differing fees and charges that may be higher or lower than the fees imposed by
CAMHK for the CAMHK investment management services described in this document.

Termination
Generally, investment advisory or management contracts are terminable at will by either party upon
written notice. Upon termination, generally fees will be prorated over the remaining term of the
billing period.

                                      CAMHK – ADV 2A – pg . 3

Types of Clients
CAMHK’s U.S. based clients are expected to include registered investment companies, including ETFs.
CAMHK also provides investment management or investment advisory services to a range of
institutional clients over time.

CAMHK’s non-U.S. based clients include investment companies, pension plans, pooled investment
vehicles, state or municipal government entities, corporate entities, insurance companies etc.

Conditions for Opening or Maintaining an Account
Depending on the nature of the services to be provided, CAMHK can require a minimum dollar value
of assets as a condition for opening or maintaining an account. Any pre-established minimum
account size can be subject to variation depending upon the nature of the investments in an account
and the client’s financial circumstances, investment objectives and requirements.

                                    CAMHK – ADV 2A – pg . 5

ITEM 8 — ANALYSIS METHODS, INVESTMENT STRATEGIES & RISK OF
LOSS