IMPORTANT NOTE:
This Addendum is supplemental to and forms part of the Explanatory Memorandum for the Bosera Investment Funds – Bosera RMB Bond Fund, and should be read and construed in conjunction with the Explanatory Memorandum dated January 2012 and the addenda dated 11 June 2012, 10 August 2012 and 13 March 2013 (together the “Explanatory Memorandum”). Unless otherwise defined herein, words and expressions defined in the Explanatory Memorandum shall have the same meaning when used in this Addendum.
If you are in doubt about the contents of the Explanatory Memorandum and this Addendum, you should seek your independent professional financial advice.
The Securities and Futures Commission of Hong Kong takes no responsibility for the accuracy of any of the statements made or opinions expressed in this Addendum.
The Explanatory Memorandum is hereby supplemented as follows: Important Information for Investors
1. Under the IMPORTANT INFORMATION FOR INVESTORS section, the sixth paragraph on page iii of the Explanatory Memorandum is deleted in its entirety and replaced with the following:
“No action has been taken in any jurisdiction (other than Hong Kong, Macau and Singapore) that would permit an offering of the Units or the possession, circulation or distribution of this Explanatory Memorandum or any other offering or publicity material relating to the offering of Units in any other country or jurisdiction where action for the purpose is required. This Explanatory Memorandum does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it would be unlawful to make such offer or solicitation.” Revision to References to Unauthorised Funds in the Manager’s Website
2. In the following sections:
under the IMPORTANT INFORMATION FOR INVESTORS section, in the second paragraph on page iii of the Explanatory Memorandum,
under the INTRODUCTION section, in the fourth paragraph on page 4 of the Explanatory Memorandum,
under the VALUATION section under the section “Publication of Net Asset Value” on page 23 of the Explanatory Memorandum,
under the GENERAL section under the section “Reports and accounts” on page 35 of the Explanatory Memorandum, and
under APPENDIX 1: BOSERA RMB BOND FUND in the section “Publication of Net Asset Value” on page 50 of the Explanatory Memorandum,
in each case following the reference to the Manager’s website “www.bosera.com.hk”, the following is deleted “(this website has not been reviewed by the SFC and may contain information of funds not authorised by the SFC)” and is replaced in each case by “(this website has not been reviewed by the SFC)”.
2 RQFII Regulations Update
3. Under the DEFINITIONS section, the definition of “RQFII” or “RQFII Holder” on page 2 of the Explanatory Memorandum is deleted in its entirety and replaced with the following:
“RQFII” or “RQFII holder” means a renminbi qualified foreign institutional
investor approved pursuant to the “Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors which are Asset Management Companies or Securities Companies” (基金管理公司、證券公司 人民幣合格境外機構投資者境內證券投資試點辦 法) issued by the CSRC, the PBOC and the SAFE effective from 16 December 2011 repealed by the “Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors” (人民幣合格境外機構投資 者境內證券投資試點辦法) effective from 1 March 2013, and the “Implementation Rules for the Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors which are Asset Management Companies or Securities Companies” (關於實施 《基金管理公司、證券公司人民幣合格境外機構 投資者境內證券投資試點辦法》的規定) issued by the CSRC effective from 16 December 2011 repealed by the “Implementation Rules for the Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors” (關於實施《人民幣合格境外機構投資 者境內證券投資試點辦法》的規定) effective from 1 March 2013.
4. Under the APPENDIX 1: BOSERA RMB BOND FUND, the second paragraph under the sub-section entitled “(4) RQFII regime” under the section entitled “Investment Strategy” on page 42 of the Explanatory Memorandum is deleted in its entirety and replaced with the following:
“The RQFII regime was introduced on 16 December 2011 by the “Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors which are Asset Management Companies or Securities Companies” (基金管理公司、證券公司人民幣合格境外機構投 資者境內證券投資試點辦法) issued by the CSRC, the PBOC and the SAFE, which was repealed effective 1 March 2013.
The RQFII regime is currently governed by (i) the “Notice of the People's Bank of China on the Relevant Matters concerning the Implementation of the Pilot Measures for Domestic Securities Investment Made by the RMB Qualified Foreign Institutional Investors of Fund Management Companies and Securities Companies”, issued by the PBOC and effective from 4 January 2012 (中 國人民銀行關於實施《基金管理公司、證券公司人民幣合格境外機構投資者境內證券投資試點辦法》 有關事項的通知); (ii) the “Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors” issued by the CSRC, the PBOC and the SAFE and effective from 1 March 2013 (人 民 幣 合 格 境 外 機 構 投 資 者 境 內 證 券 投 資 試 點 辦 法); (iii) the
“Implementation Rules for the Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors” issued by the CSRC and effective from 6 March 2013 (關於
實施《人民幣合格境外機構投資者境內證券投資試點辦法》的規定); (iv) the “Circular on Issues
Related to the Pilot Scheme for Domestic Securities Investment through Renminbi Qualified Foreign Institutional Investors”, Huifa 2013 No. 42 (國家外匯管理局關於人民幣合格境外機構投資者境內證券 投資試點有關問題的通知, 匯發[2013]42號) issued by SAFE and effective from 21 March 2013; and (v) any other applicable regulations promulgated by the relevant authorities (collectively, the “RQFII Regulations”).”
3 Trustee’s Liability
5. Under the MANAGEMENT OF THE FUND section, the second last paragraph under the sub-section entitled “The Trustee and Registrar” on page 6 of the Explanatory Memorandum is deleted in its entirety.
The Manager
6. Under the MANAGEMENT OF THE FUND section, in the second paragraph of the section “The Manager” on page 5 of the Explanatory Memorandum, the second sentence is deleted and replaced by:
“Total client assets under management as at the end of March 2013 exceeded US$35.46 billion, including US$13.80 billion in pension assets.”
Bosera Asset Management (International) Co., Limited accepts responsibility for the information contained in this Addendum as being accurate as at the date of publication.
The Explanatory Memorandum may only be distributed if accompanied by this Addendum.
Bosera Asset Management (International) Co., Limited Date: 7 May 2013
BOSERA INVESTMENT FUNDS (the “Trust”)
Bosera RMB Bond Fund (the “Sub-Fund”)
Addendum to the Expla nator y M emorandu m
Under the section entitled “ IMPORTANT NOTE:
This Addendum is supplemental to and forms part of the Explanatory Memorandum for the Bosera Investment Funds – Bosera RMB Bond Fund, and should be read and construed in conjunction with the Explanatory Memorandum dated January 2012 and the addenda dated 11 June 2012 and 10 August 2012 (together the “Explanatory Memorandum”). Unless otherwise defined herein, words and expressions defined in the Explanatory Memorandum shall have the same meaning when used in this Addendum.
If you are in doubt about the contents of the Explanatory Memorandum and this Addendum, you should seek your independent professional financial advice.
The Securities and Futures Commission of Hong Kong takes no responsibility for the accuracy of any of the statements made or opinions expressed in this Addendum.
The Explanatory Memorandum is hereby supplemented as follows:
Change of director of the Manager and revision to director’s biography
The Manager” of the MANAGEMENT OF THE FUND
(1) the biography of Keith LI is deleted in its entirety and replaced by that of ZHANG Qiang as follows: on page 5 of the Explanatory Memorandum:
“ZHANG Qiang
Mr Zhang is currently a director and deputy chief executive officer of the Manager. He was previously deputy director and portfolio manager of Bosera’s fixed-income department. Before joining Bosera, Mr Zhang worked in Deutsche Asset Management, Citi Alternative Investment, Pacific Investment Management Company LLC (PIMCO). Mr Zhang received his Master degree from University of California at Berkeley, United States and a bachelor’s degree from Nankai University in China.”
(2) the biography of LO Kai-Yiu, Anthony is updated and replaced as follows:
“Mr Lo has over 11 years’ experience in asset management, holding executive position with Shanghai Century Capital Limited, Shanghai Century Acquisition Corporation and PrimeCredit Limited. Mr Lo is a member of the Hong Kong Institute of Certified Public Accountants. He graduated from the Advanced Management Program of Harvard Business School, United States and obtained a bachelor degree from McGill University, Canada in 1972.”
Bosera Asset Management (International) Co., Limited accepts responsibility for the information contained in this Addendum as being accurate as at the date of publication.
The Explanatory Memorandum may only be distributed if accompanied by this Addendum.
Bosera Asset Management (International) Co., Limited