IMPORTANT RISK WARNINGS/FUND INFORMATION FOR INVESTORS (Capitalised terms used herein but not otherwise defined will have the same meanings as defined in the Prospectus of the Hang Seng China A Share ETF Series (the “Series”) and the relevant Appendix of the Fund)• The investment objective of Hang Seng Harvest CSI 300 Index ETF (the “Fund”) is to provide investment results that, before fees and

expenses, closely correspond to the performance of the CSI 300 Index (the “Index”).• The Fund seeks to achieve its investment objective by investing substantially (at least 90% of its NAV) into Harvest CSI 300 ETF (the

“Master ETF”). The Master ETF is not authorised by the SFC and will not be directly offered to the public in Hong Kong. The Manager has no ability to control the manner in which the Master ETF Manager will make investments in accordance with the Master ETF’s investment objective and strategy (which may change from time to time). The Fund’s performance and its ability to meet its investment objective are largely dependent on the Master ETF. There can be no assurance that the Master ETF’s investment objectives and strategies will be successfully achieved or that the Fund or the Master ETF will yield attractive returns.

• The Fund invests in China market and is subject to the relevant risks, including RQFII regime associated risks, RMB distribution risks, PRC tax risks and RMB currency and conversion risks.

• The Fund is a feeder fund and is subject to risks related to master/feeder fund structure and risks associated with the Master ETF’s investments which include equity market risk, PRC market and concentration risks, passive investment risks, risks relating to trading in secondary market and tracking error risks.

• The Fund is also subject to investment risks, risks associated with investments in financial derivative instruments, trading risks, dual counter risks, trading differences risk, reliance on market maker risks, termination risks and reliance on the same group risk.

• Payment of dividends out of capital and/or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any such distributions may result in an immediate reduction of the Net Asset Value per Unit.

• Investments involve risks and investors may lose substantial part of their investment in the Fund.Investors should not only base on this material alone to make investment decisions, but should read the relevant Appendix, Product Key Facts Statement of the Fund and the Prospectus of the Series (including the full text of the risk factors stated therein) (collectively “Offering Documents”) in detail. If investors have any doubt about the contents of this material, they should consult their investment adviser and obtain independent professional advice.

Experience

of experience as market leader in passive

investment strategy

of market share in Hong Kong ETF market by AUM1

Size Market Share

of passive assets under management1

Awards

awards received for passively managed funds

over the past 5 years2

Why invest in Hang Seng Harvest CSI 300 Index ETF?

Hang Seng Investment Management

Launched the first SFC authorized ESG related

fund in Hong Kong

2011 Launched the world’s first RMB denominated

gold ETF

2012The first local financial institution in Hong Kong

to issue an RQFII ETF

2013Launched the only ETF so far in Hong Kong that tracks the

HSCEI

2003Launched the first SFC authorized leveraged

fund in Hong Kong

2000Launched the first SFC authorized retail index fund in

Hong Kong

1995

1 Source: Hang Seng Investment Management, as of 31 August 2020.2 The awards were given by Morningstar, Bloomberg Businessweek, Lipper and Benchmark, as of 31 July 2020. 3 The Master ETF is not authorised by the SFC and will not be directly offered to the public in Hong Kong.4 Source: Morningstar, Hang Seng Investment Management, as of 30 June 2020.5 Source: Historical award list of the Golden Bull Award, Harvest Fund Management, Hang Seng Investment Management, as of 31 December 2019.6 Source: Shanghai Stock Exchange, Shenzhen Stock Exchange, Hang Seng Investment Management, as of 30 September 2020.7 Source: Harvest Fund Management, as of 28 August 2020.

Harvest CSI 300 ETF (Master ETF)3• Launched in 2012, is one of the earliest ETFs

launched in the Mainland

• The largest ETF in SZSE4

• Harvest got 17 Golden Bull Awards on index funds, more than any other fund houses in China5

Hang Seng Harvest CSI 300 Index ETF• The first batch of ETFs in the Mainland-Hong Kong

ETF cross-listing scheme

• Directly invest into the Harvest CSI 300 ETF3 managed by Mainland investment team

CSI 300 Index: 300 Stocks

SZSE SME board: 976

stocks6

SZSE ChiNext

board: 865 stocks6

SZSE main board: 469

stocks6

SSE main board: 1563

stocks6

Select the top 300 companies in size and liquidity from Shanghai Stock Exchange (“SSE”) and Shenzhen Stock Exchange (“SZSE”)300

companies

Near 4,000 stocks in the selection universe from SSE main board, SZSE main board, SZSE SME board and SZSE ChiNext board6

Near 4,000 stocks

The most popular A-Share index among investors, with more than RMB 250 billion assets tracking the CSI 300 Index7

more than

250billion

Managed by the Leader in the Hong Kong ETF Market1

Investing into the Most Representative China A-Shares Index – CSI 300 Index2

25 +years HKD 86bnETF

23% 15

8 Source: Wind, HSBC Qianhai Securities, Hang Seng Investment Management, as of 31 July 2020. 9 Source: Datastream, RIMES, Factset, MSCI, Morgan Stanley Research, Hang Seng Investment Management, as of 31 August 2020. New Economy includes

consumer staples, consumer discretionary, health care, information technology and media and entertainment, old economy includes materials, energy and industrials, others include financials, utilities and telecommunication services.

10 Source: Bloomberg, Hang Seng Investment Management, as of 30 September 2020.11 Source: Bloomberg, Hang Seng Investment Management, correlation is calculated based on 5 years daily return figures, as of 30 September 2020. 12 Source: Bloomberg, Hang Seng Investment Management, return data are calculated in RMB net return, data as of 30 September 2020. US: S&P 500 Index,

Global: MSCI AC World Index, Europe: MSCI Europe Index, Offshore China: MSCI China Index, Japan: Nikkei 225 Index, Asia Pac: MSCI AC Asia Pac ex Japan Index, Emerging Markets: MSCI EM Index, Hong Kong: Hang Seng Index.

Low Correlation with Other Markets for Diversification11

Increasing Proportion of the New Economy Stocks in the CSI 300 Index9

Hang SengIndex0.55

CSI 300Index

MSCI China Index0.61

Nikkei 225 Index0.26

More Attractive Valuation than Other Markets10

80

70

60

50

40

30

20

10

0

New Economy Others Old Economy

100908070605040302010

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2Q 2020

43% 38%34% 27%

26% 25% 24% 23% 23% 20% 18%

37% 40%43%

43% 49% 46% 45%43% 43% 41%

35%

20% 22% 22%30% 25% 29% 30%

34% 34% 39%48%

Significant Mismatch Between Global Funds’ Allocations in Chinese Equities and the Size of China’s Economy8

16.3%

GDP

9.4%

Market Cap

2.7%

Global Equity Fund Allocation

5-Year High

Current P/E

5-Year Average

5-Year Low

CSI 300 Index

Hang SengIndex

S&P 500Index

NASDAQComposite

Index

MSCIEuropeIndex

Nikkei 225Index

Long Term Potential of the A-Share Market, and Low Correlation with Other Stocks Market3

A-Shares Outperform Other Markets in Recent Years124

S&P 500 Index0.14

MSCI Europe Index0.21

CSI 300 Index

CSI 300 Index

US USGlobal GlobalEurope EuropeOffshore China

Offshore China

Japan JapanAsia Pac

Asia Pac

Emerging Markets

Emerging Markets

Hong Kong

Hong Kong

2019 2020 YTD

40 20

10

-10

20 0

0 -20

39%

14% 14%

3%

0% 0%

-1%

-4%

-11%

-16%

32%

28%

25% 25%

21%

15%

20%

24%

CSI 300 Index – Sector Breakdown and Top Holdings

Index Sector Breakdown13 Index Top 10 by Weighting13

Name Sector Exchange Weight

Kweichow Moutai Consumer Staples Shanghai 5.1%

Ping An Insurance Financials Shanghai 5.1%

Wuliangye Consumer Staples Shenzhen 2.6%

China Merchants Bank Financials Shanghai 2.3%

Midea Group Consumer Discretionary Shenzhen 2.2%

Hengrui Medicine Health Care Shanghai 2.0%

Gree Electric Consumer Discretionary Shenzhen 1.6%

CITIC Securities Financials Shanghai 1.6%

Luxshare Precision Information Technology Shenzhen 1.5%

Yili Industrial Group Consumer Staples Shanghai 1.4%

Fund Information

All rights in the Index vest in China Securities Index Company (“CSI”). “CSI 300®” is a trademark of CSI. CSI does not make any warranties, express or implied, regarding the accuracy or completeness of any data related to the Index. CSI is not liable to any person for any error of the Index(whether due to negligence or otherwise), nor shall it be under any obligation to advise any person of any error therein. The ETF based on the Index is in no way sponsored, endorsed, sold or promoted by CSI and CSI shall not have any liability with respect thereto.The content is prepared by Hang Seng Investment Management Limited (“HSVM”) and is (i) for training of sales staff or relationship personnel (“Sales Staff”) of HSVM’s distributors; or (ii) for reference of clients and/or potential clients of HSVM. The content shall not be changed or modified and the content shall not be used in any other manner unless with the prior written consent of HSVM. Distributors are reminded to comply with all regulatory requirement (including but not limited to due diligence on any investment product and ensuring suitability of the investment product for any potential investors).At the time of publication of the content, certain information of the content is obtained and prepared from sources which HSVM believes to be reliable, and HSVM does not warrant, guarantee or represent the accuracy, validity or completeness of such information. Under no circumstances shall the content constitute a representation that it is correct as of any time subsequent to the date of publication. HSVM reserves the right to change the content without notice. The content is for reference only and is the view of HSVM and does not constitute and should not be regarded as an offer or solicitation to anyone to invest into any investment product. Distributors, Sales Staff, clients and potential clients of HSVM should read the relevant investment product’s offering document (including the full text of the risk factors and charges stated therein). Investment involves risks (including the risk of loss of capital invested), prices of investment product units may go up as well as down, past performance is not indicative of future performance. A positive distribution rate (if any) does not imply a positive return. Fund award (if any) is for reference only and does not guarantee any fund performance or the performance of HSVM. If distributors, Sales Staff, clients and potential clients of HSVM have any doubt about the content or investment product (including its offering document), they should seek independent professional financial advice. HSVM will not be liable to anyone for any cost, claims, fees, penalties, loss or liability incurred if the content is improperly used. The content shall not be duplicated or stored or distributed or “Hang Seng Investment Management Limited”, “恒生投資管理有限公司”, “恒生投資管理” or any marks containing these names shall not be used without the prior written consent of HSVM.HSVM and CSI are separate and independent entities, HSVM’s views and opinions do not represent the views or opinions of CSI and HSVM cannot influence CSI on any matter.Where the investment products referred to in the content have been authorized by the Securities and Futures Commission (“SFC”), such authorization is not a recommendation or endorsement of the investment products and does not guarantee the commercial merits of the investment products or their performance. It does not mean the investment products are suitable for all investors nor is it an endorsement of their suitability for any particular investor or class of investors.The content is prepared by HSVM and has not been reviewed by the SFC.

13 Source: China Securities Index Company, Hang Seng Investment Management, as of 30 September 2020.14 This figure is an estimate only (as the Fund is newly setup) and represents the sum of the estimated ongoing expenses chargeable to the Units (which comprise the

ongoing expenses of the Fund and the Master ETF) over a 12-month period expressed as a percentage of the estimated average NAV of the Units over the same period. The actual figure may be different from the estimate. Please refer to the “Fees and Expenses” section in the Prospectus for details. This figure may vary from year to year.

15 The Manager currently intends to make declaration of distribution on an annual basis (in June each year). There is no guarantee of regular distribution and, if distribution is made, the amount being distributed. The Manager may at its discretion pay dividend out of capital or effectively out of the capital of the Fund. The Manager may at its discretion pay distribution out of gross income while charging/paying all or part of the Fund’s fees and expenses to/out of the capital of the Fund (resulting in an increase in distributable income for the payment of distribution by the Fund), and thereby effectively pay distributions out of the capital of the Fund. Payment of dividends out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gains attributable to that original investment. Any distributions involving payment of dividends out of the Fund’s capital or effectively out of capital may result in an immediate reduction of the Net Asset Value per Unit. Distribution on all Units (whether traded in HKD or RMB) will be in RMB only.

16 This is an estimated annual tracking difference. Investors should refer to the Fund’s website for information on the actual tracking difference.

Investment Objective

Provide investment results that, before fees and expenses, closely correspond to the performance of the CSI 300 Index

Underlying Index CSI 300 Index

Trading Currency HKD – HKD CounterRMB – RMB Counter Base Currency RMB

Stock Code 03130 – HKD Counter83130 – RMB Counter Issue Price

Approximately one-two hundredth of the closing level of the Index on the business day immediately following the end of the Initial Offer Period (expected 22 Oct 2020), expressed in RMB rounded to four decimal places

Expected Listing Date 23 October 2020 Lot Size

100 Units – HKD Counter100 Units – RMB Counter

Aggregate Management Fee

Currently at 0.50% p.a. of the NAV of the Master ETF attributable to the Fund Dividend Policy Annually (if any)

15

Ongoing Charges Over a Year14 0.8%

Estimated Annual Tracking Difference16 -0.8%

Consumer Discretionary 10.4%

Utilities 1.9%

Financials 32.5%

Materials 6.1%

Health Care 9.1%

Information Technology 9.9%

Consumer Staples 15.1%

Energy 1.3%

Industrials 11.7%

Telecommunication Services 2.0%

恒生投資指數基金系列 Hang Seng Investment Index Funds Series

恒生嘉實滬深300指數ETFHANG SENG HARVEST CSI 300 INDEX ETF

銷售文件 Offering Documents

(繁體) (English)

(繁體) (English)

產品資料概要Product Key Facts Statement

年度財務報告 Annual Financial Report

中期財務報告 Interim Financial Report

投資者須注意所有投資均涉及風險(包括可能會損失投資本金)，基金單位價格可升亦可跌，而所呈列的過往表現資料並不表示

將來亦會有類似的表現。投資者在作出任何投資決定前，應詳細閱讀有關基金之銷售文件(包括當中所載之風險因素(就投資於

新興市場的基金而言，特別是有關投資於新興市場所涉及的風險因素)之全文)。

Investors should note that all investments involve risks (including the possibility of loss of the capital invested), prices of fund units may go up as well as down and past performance information presented is not indicative of future performance. Investors should read the relevant fund's offering documents (including the full text of the risk factors stated therein (in particular those associated with investments in emerging markets for funds investing in emerging markets)) in detail before making any investment decision.

章程Prospectus