Investor Presentaiton

KraneShares Inclusion efforts spanning the past 19 years have made China's equity market available to outside investors. Availability • In 2002, the Chinese government launched the Qualified Foreign Institutional Investor (QFII) Quota Program, which allowed institutional investors who could demonstrate a limited capacity to repatriate earnings to purchase stocks listed on Mainland exchanges. A . Share Type Weight in Overall China Equity Description Market 53.16% Listed on the Shanghai and Shenzhen Exchanges in RMB3 0.16% Listed on the Shanghai and Shenzhen Exchanges in USD and HKD3 Listed on Mainland Exchanges 53.32% P Chip From 2014 to 2016 the Stock Connect program was launched which allowed foreign investors to purchase Mainland listed stocks through accounts in Hong Kong without obtaining approval from the Chinese government.1 On September 3, 2018, MSCI completed the first of including Mainland listed A-shares in their Global Standard Indexes, and the inclusion factor reached 20% in November 20192. 98.3% of Chinese stocks are listed in Hong Kong, Shenzhen (Mainland), or Shanghai (Mainland) exchanges, while 1.7% are listed in New York using American Depositary Receipts (ADRs).¹ H Red Chip 28.79% Listed on the Hong Kong Stock Exchange HKSE) and incorporated in Cayman, Bermuda, British Virgin Islands; privately managed 12.76% Listed on the Hong Kong Stock Exchange 3.42% Listed on the HKSE, incorporated outside of Mainland China; controlled by the People's Republic of China (PRC) Listed on Hong Kong Exchange 44.97% ADR 1.70% Listed on overseas exchanges including the United States and Singapore Non-ADR 1. Data from MSCI as of 31/Dec/2022. Listed on Overseas Exchanges 1.70% 2. Data from MSCI "MSCI Equity Indexes November 2019 Index Review", as of 07/Nov/2019, retrieved 31/Dec/2022. 3. RMB Chinese Renminbi; HKD - Hong Kong Dollar Data from MSCI as of 12/31/2022. Listed on overseas exchanges but not considered an ADR 10

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