Investor Presentaiton

Comparison of QFII and RQFII Schemes Quota Eligible Investors or Institutions Currency Add. Quota Gap Period Liquidity for Open-end Fund Account QFII • No individual quota ceiling, Quota shall be used within 1-year upon approval • Aggregated quota ceiling: US$$ 150 billion 1. Only go through filing process For commercial institutions, if the applied quota < = "Basic Quota❞ For SWFs, central banks and monetary authorities, if the applied quota < = US$$ 5 billion 2. Any applied quota larger than the Point 1 above, quota approval needed from SAFE Commercial Banks (≥10 years in operation, US$5 billion AUM, US$300 million Tier 1 Capital) • Securities Companies (≥5years in operation, US$5 billion AUM, US$500 million Capital) • AMC, insurance companies and other institutions (Experience of 2+ years, and AUM ZUS$500 million • Quoted granted in US$ or other major foreign currency No waiting time for additional quota application Daily injection and repatriation • 3 months lock-up period starting from the date US$20 million principal injected • 3 months lock-up period starting from the date US$20 million principal injected No injection period restriction R-QFII Aggregated quota ceiling: each RQFII eligible countries has a aggregated quota ceiling, within a range RMB 50 billion to RMB 250 billion 1. Only go through filing process - For commercial institutions, if the applied quota < = "Basic Quota" For SWFs, central banks and monetary authorities: own discretion Any applied quota larger than the Point 1 above, quota approval needed from SAFE • PRC AMC, securities companies, commercial banks, insurance companies in approved RQFII markets • Other institutions registered and mainly operated in RQFII approved markets and possess asset management license from the relevant regulators of their jurisdictions • Quoted granted in RMB No lock-up period • 3 months lock-up period since accumulated principal injection reaches to RMB 100 million. Liquidity for Non-open-end Fund Account Monthly Cap ⚫ No restriction on repatriation frequency ⚫ For principal repatriation, principal can be re-injected, but the net amount of investment capital remitted into China shall be within the investment quota ⚫ For profit repatriation, audit reports issued by domestic accounting firm and relevant tax payment evidence are needed For all the QFIIs, monthly repatriation capped at 20% of its total asset of QFII investments at the end of last year For profit repatriation, audit reports issued by domestic accounting firm and relevant tax payment evidence are needed •No monthly cap. 102 citi H

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