IMPORTANT: Investment involves risk, including the loss of principal. Investors should refer to the Prospectus and Key Facts Statement of Premia CSI Caixin China New Economy ETF (the "ETF") for details, including the risk factors. Investors should not base investment decisions on this marketing material alone. Investors should note: The ETF aims to provide investment results that, before fees and expenses, closely correspond to the performance of CSI Caixin Rayliant New Economic Engine Index (“Index”). Fundamental multi-factor weighted index risks The Index is a new fundamental multi-factor weighted index whereby constituents are selected and weighted based on certain quantitative investment factors. There can be no assurance that the Index will outperform the market at any time and it is possible that the Index may underperform capitalisation weighted indices or other benchmarks in some market environments, potentially for extended periods. The Index methodology of focusing on certain factors may lead to unintended portfolio concentration in specific industry sectors. Stock Connect associated risk The ETF will invest primarily in A-Shares via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (collectively “Stock Connect”) and is subject to the Stock Connect associated risks, including quota limitations, and inability to invest in A Shares or access the PRC market if a suspension in the trading through the Stock Connect is effected. The relevant rules and regulations on Stock Connect are subject to change which may have potential retrospective effect. SME Board and ChiNext market risks The ETF may invest substantially in the ChiNext market and/or stocks listed on the Small and Medium Enterprise board (the “SME Board”) of the Shenzhen Stock Exchange. The ETF is therefore subject to higher fluctuation on stock prices, over-valuation risk, differences in regulations, delisting risks. Investments in the SME Board and / or ChiNext market may result in significant losses for the Fund and its investors. Risk associated with small-capitalisation/mid-capitalisation companies The stock of small-capitalisation/mid-capitalisation companies may have lower liquidity and their prices are more volatile to adverse economic developments than those of larger capitalisation companies in general. New economy companies risk The ETF will invest in companies in various new economy industries including information technology, environment protection and finance services. They are subject to higher market volatility and risks compared to companies in other industries. Given the emerging nature of the industries they operate in, the performance of such companies may be materially affected by worldwide scientific or technological developments or adverse events in their industries or development. RMB currency and conversion risks The base currency of the ETF is RMB and the distributions are made in RMB. RMB is currently not freely convertible and is subject to exchange controls and restrictions. Depreciation of RMB could adversely affect the value of investor’s investment. Non-RMB based investors are therefore exposed to foreign exchange risk. Concentration / PRC market risks The ETF is subject to PRC market risks. The A-share market in the PRC is highly volatile and may be subject to potential settlement difficulties. Such volatility may result in suspension of A-shares or imposition of other measures by the PRC authorities affecting the dealing/trading of units and adversely affecting the value of the ETF. Securities exchanges in the PRC have the right to suspend or limit trading in any security traded on the relevant exchange. The PRC government or the regulators may also implement policies that may affect the financial markets. These may have a negative impact on the ETF. Distributions out of or effectively out of capital risks The Manager may at its discretion pay dividends out of the capital or effectively out of capital amounts to a return or withdrawal of part of an investor’s original investment or from any capital gain attributable to that original investment. Any such distributions may result in an immediate reduction in the NAV of the ETF. Trading risks The Units of the ETF are traded on the SEHK. The trading price of the Units is subject to market forces and may trade at a substantial premium or discount to the ETF's NAV. Termination risks In the event the ETF is terminated, a Unitholder may not be able to recover their capital invested and may suffer loss.