Investor Presentaiton

KraneShares™ Term definitions: Investable Market Index (IMI): Refers to an index consisting of stocks that have been determined by MSCI to be suitable for international investors. Global Industry Classification Standard (GICS): is a common global classification developed in 1999 by MSCI and Standard & Poor's for use by the global financial community. Compound Annual Growth Rate (CAGR): is the measure of an investment's annual growth rate over time, with the effect of compounding taken into account. Qualified Foreign Institutional Investor (QFII/RQFII):The Qualified Foreign Institutional Investor program grants access to China's domestic stock markets to foreign institutional investors that register with and are approved for trading by the State Administration of Foreign Exchange (SAFE). Until the launch of the Stock Connect program in 2016, this and the similar Registered Qualified Foreign Institutional Investor (RQFII) were the only means by which foreign investors could access stock markets in Mainland China. Renminbi: The official currency of the People's Republic of China. Bull Market: A market in which share prices are rising, encouraging buying. Bear Market: A market in which prices are falling, encouraging selling. 22

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