Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC.

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1 IMMEDIATE RELEASE IMPORTANT NOTES 1. E Fund Citi Chinese Government Bond 5-10 Years Index ETF (the Sub-Fund ) is a passively managed exchange traded fund ( ETF ) and is traded on the Stock Exchange of Hong Kong ( SEHK ) like stocks. The investment objective is to provide investment result that, before fees and expenses, closely corresponds to the performance of the Citi Chinese Government Bond 5-10 Years Index (the Index ). The Sub-Fund is a physical RMB Qualified Foreign Institutional Investor ( RQFII ), RMB denominated exchange traded fund investing directly in RMB denominated PRC Treasury Bonds through the Manager s status as a RQFII. 2. The fact that the Sub-Fund is one of the first exchange traded funds to hold PRC Treasury Bonds directly makes the Sub-Fund riskier than traditional exchange traded funds investing in A-Shares or in markets other than the PRC. 3. The Sub-Fund will invest directly in PRC Treasury Bonds. As such the Sub-Fund is subject to concentration risk as a result of tracking the performance of a single geographical region (the PRC). 4. Because the Sub-Fund invests in fixed-income securities, the Sub-Fund is subject to interest rate risk. Interest rate risk is the risk that the value of the Sub-Fund s portfolio will decline because of rising interest rates. Interest rate risk is generally lower for shorter-term investments and higher for longer-term investments. 5. The bid and offer spread of the price of bonds may be large, so the Sub-Fund may incur significant trading and realisation costs and may suffer losses accordingly. 6. Although the Sub-Fund will not invest in debt securities rated by local rating agencies with a credit rating below BBB, investors should note that there is no assurance that the bond invested by the Sub-Fund or the bond issuer will continue to have an investment grade rating or continue to be rated. 7. The Sub-Fund is exposed to the credit/insolvency risk of issuer of the bonds that the Sub-Fund may invest in. The bonds that the Sub-Fund invests in are typically unsecured debt obligations and are not supported by any collateral. The Sub-Fund will be fully exposed to the credit/insolvency risk of the bond issuers as an unsecured creditor. The Sub-Fund invests in sovereign debt securities which involve special risks. The PRC

2 governmental entity that controls the repayment of sovereign debt may not be able or willing to repay the principal and/or interest when due in accordance with the terms of such debt, and the Sub-Fund s recourse against a defaulting PRC government entity is limited. 8. The Sub-Fund will utilize the Manager s RQFII quota. In the event the quota limit is reached and the Manager is unable to acquire additional RQFII quota, the Manager may suspend creations of Units. In such event the trading price of a Unit will be at a significant premium to the NAV of each Unit. 9. There are risks and uncertainties associated with the current PRC tax laws, regulations and practice in respect of capital gains realised by RQFIIs on its investments in the PRC (which may have retrospective effect). After careful consideration of the Manager s assessment and having taken and considered independent professional tax advice relating to the Sub-Fund s eligibility to benefit from the Arrangement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (the China-HK Arrangement ) and in accordance with such advice, the Manager decided that no withholding provision will be made on the gross unrealised and realised capital gains derived from disposal of PRC Securities. 10. It is possible that the applicable tax laws may be changed, that the PRC tax authorities may hold a different view or that the PRC tax authorities require the Sub-Fund to provide a Hong Kong Tax Resident Certificate ( HKTRC ) (the Sub-Fund has not currently obtained a HKTRC) and the Manager may not be able to obtain a HKTRC on behalf of the Sub-Fund. In such case the Sub-Fund will bear the actual tax liabilities as no tax provision has been made. This may have an adverse impact to the Sub-Fund s NAV. In this case, existing and subsequent investors will be disadvantaged as they bear for a disproportionately higher amount of tax liabilities as compared to the liability at the time of investment in the Sub-Fund. 11. The Sub-Fund is not actively managed and therefore, when there is a decline in the Index, the Sub-Fund will also decrease in value. 12. You should not make any investment decision solely based on the information on this material alone. Please read the relevant offering documents for details including the risk factors before making any investment decisions. 13. Investment involves risk. Past performance is not indicative of future performance. This document has not been reviewed by the Securities and Futures Commission of Hong Kong.

3 On 14 March 2014, E Fund HK launches E Fund Citi Chinese Government Bond 5-10 Years Index ETF (March 13, 2014 Hong Kong) E Fund Management (Hong Kong) Co., Ltd. ( E Fund HK ), the Hong Kong subsidiary of E Fund Management Co., Ltd. mainland China s fourth largest fund manager 1 is pleased to announce that, on 14 March 2014, E Fund HK launches the E Fund Citi Chinese Government Bond 5-10 Years Index ETF ( E Fund CG Bond ETF ). (Stock Code: RMB counter 82808, HKD counter 2808). Add to your portfolio: China Government Bonds Over the years, onshore Chinese government bonds have been one of the most attractive markets for investors, yet conventionally difficult for foreign investors to access up until now. With the upcoming launch of the E Fund CG Bond ETF that tracks the Citi Chinese Government Bond 5-10 Years Index, investors can now access the market and own multiple of Chinese government bonds in one package with the added benefit of on-exchange liquidity, low-cost and flexibility of intraday trading. Why invest in China Government Bonds? China has a sovereignty rating of AA- 2. Since China is still an emerging market, the government bonds offer higher yields versus other comparable credits (please see the table below) 3. 1 Source: China Galaxy Securities Co., Ltd., as at 31 December Source: Standard & Poor s, as at 13 December Source: Bloomberg, as at 31 December 2013

4 Country Sovereign Ratings 4 5YR (%) 10YR (%) Change of Exchange Rate in Germany AAA % UK AAA % HK AAA % USA AA France AA % China AA % Japan AA % Korea A % Citi Chinese Government Bond 5-10 Years Index E Fund Citi Chinese Government Bond 5-10 Years Index ETF adopts representative sampling strategy and accurately tracks Citi Chinese Government Bond 5-10 Years Index which measures the performance of RMB denominated domestic sovereign debts with a tenor between 5 to 10 years. It comprises fixed-rate government bonds issued by the Chinese government in Mainland China. The index represents a performance benchmark for investors who seek exposure to mid-term RMB government bonds. As of 31 December, 2013, the yield to maturity for the Citi Chinese Government Bond 5-10 Years Index was 4.587% 6 These attractive high yielding China onshore bonds are gaining much ground with global investors. Citi is pleased to be partnering with E Funds to bring forth an investable product that provides access to that important market by offering an index that gives a clear measure and representation of that sector. said Arom Pathammavong, Head of Index Structuring of Citi Fixed Income Indices and The Yield Book. About E Fund Management (Hong Kong) Co, Ltd., Founded in April 2001, E Fund is the fourth largest asset management companies in China 4 Source: Standard & Poor s, as at 13 December Change of exchange rate calculated from 1 January 2013 to 31 December Source: Citigroup Index LLC., as at 31 December 2013

5 and its asset under management is more than RMB 240 billion. With head quarter in Guangzhou, E Fund also has offices in Beijing and Shanghai. In the last 10 years, E Fund has grown tremendously and ascended to be the best player with the top rankings in terms of investment performances. This outstanding performance is the result of our trustworthy and disciplined management style, our unique investment philosophy and fundamental research driven investment approach. E Fund has received numerous industry awards in recent years. E Fund has constantly been named into the Morningstar Best Fund Manager list; and E Fund has also won the most a lot Golden Bull awards for being the best fund manager from China Securities Journal the dominant domestic securities publication. E Fund Management (HK) Co., Limited ( E Fund HK ) is the wholly-owned subsidiary of E Fund Management Co., Limited ( E Fund ) and was set up in Hong Kong since E Fund HK is licensed for Type 1 (dealing in securities), Type 4 (advising in securities) and Type 9 (asset management) regulated activities by the Securities and Futures Commission of Hong Kong. E Fund HK serves as the global investment and business platform for the parent company E Fund, offering investment products and solutions for overseas investors to access China s capital market, as well as to provide first-class client service to its global international clients. Index Provider Disclaimer Copyright 2014, Citigroup Index LLC. All rights reserved. Citi is a trademark and service mark of Citigroup Inc. or its affiliates, is used and registered throughout the world, and is used under license for certain purposes by E Fund HK. The Sub-Fund is not sponsored, endorsed, sold or promoted by Citigroup Index LLC (the Index Provider ), and the Index Provider makes no representation regarding the advisability of investing in such the Sub- Fund. Reproduction of the Index Provider data and information in any form is prohibited except with the prior written permission of the Index Provider. Although such data and information is believed to be reliable, the Index Provider does not guarantee the accuracy, adequacy, completeness or availability of any data and information and is not responsible for any errors or omissions or for the results obtained from the use of such data and information. THE INDEX PROVIDER GIVES NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall the Index Provider be liable for any direct, indirect, special or consequential damages in connection with any use of the Index Provider data and information.

6 E Fund Management (Hong Kong) Co, Ltd. Disclaimer The Sub-Fund has been authorized by the Securities and Futures Commission of Hong Kong ( SFC ) but such authorization is not a recommendation or endorsement of the Sub-Fund. Investment involves risk. Past performance is not indicative of future performance. The investment returns are denominated in RMB. HK dollar-based investors are therefore exposed to fluctuations in the HK dollar/rmb exchange rate and investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Please refer to the offering document for details of the Sub-Fund including the risk factors. This document has not reviewed by the SFC. Issued by E Fund Management (Hong Kong) Co., Limited. For further information, please contact: E Fund HK Hugh Hang/ / hugh.hang@efunds.com.hk Wonderful Sky Financial Group Erica Tao/ / ericatao@wsfg.hk Henry Li/ / henryli@wsfg.hk Shine Li / / shineli@wsfg.hk