Matthews provides investment management services to client portfolios based on applicable investment objectives, guidelines, or restrictions within the framework of our investment approach, which we describe below. Matthews was founded in 1991 (and reorganized as a limited liability company in 1996) and has managed client portfolios since its founding. We manage portfolios of securities primarily in the Asia Pacific region and also in emerging market countries, primarily through U.S. registered investment companies, including mutual funds and exchange-traded funds (“ETFs”), similar non-U.S. funds (some of which are registered under the laws of the country where they are formed), and private funds. We also offer investment advice to institutional clients such as pension and profit-sharing plans, insurance companies, endowments, foundations, and other clients worldwide through separately managed accounts. Matthews invests primarily in companies located in or with substantial ties to, and in securities issued by the governments of, the Asia Pacific region and emerging markets countries. The Asia Pacific region consists of all countries and markets in Asia plus all countries and markets in the Pacific region, including Australia and New Zealand. Matthews also invests in emerging countries and markets outside the Asia Pacific region. Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore, and most of the countries in Western Europe. Portfolios that invest in the Asia Pacific region may include investments in Hong Kong, Japan, and Singapore whereas portfolios that invest in emerging markets will generally exclude those countries. The list of emerging market countries may change from time to time. Matthews believes markets in the Asia Pacific region and in emerging market countries are on paths toward economic development and, in general, deregulation and greater openness to market forces. Matthews believes in the potential for these economies and that the intersection of development and deregulation

will give rise to new opportunities for future growth. Since our investment services focus on the Asia Pacific region and other emerging market countries, they may not constitute a complete or balanced investment program. They should represent only part of an investor’s portfolio. Matthews also manages institutional client accounts on a fully discretionary basis. Before establishing a client relationship, we work with the prospective client to understand their particular needs and investment goals, and to establish guidelines or restrictions appropriate to the account, and in accordance with our fiduciary responsibility as an investment adviser. The client agreement may include guidelines and restrictions applicable to our management of the account, including any limits on our discretion to manage the account or limitations on investing in certain securities or types of securities. Matthews cannot guarantee or provide assurance that a particular investment objective(s) will be achieved. We do not guarantee the future performance of any fund or account or any specific level of performance, the success of any investment decision or strategy that we may use, or the success of our overall management of any fund or account we manage. The investment decisions we make are subject to various market, currency, economic, political, and business risks, and the risk that investment decisions will not always be profitable. Many of these risks are discussed in Item 8; please review the section carefully before deciding whether to engage our services or invest in any of our funds. We also provide e-mail subscriptions for weekly, monthly, and Fund updates, and commentary on Asia Pacific and other emerging markets via the internet. These commentaries are not intended to constitute investment advice, an offer to provide investment advisory services, or a recommendation to buy or sell specific securities. As of December 31, 2022, Matthews had US$12,965,941,255 in discretionary assets under management, and we did not advise any accounts or funds for which we do not have discretionary authority.