Important Note : The Gavekal Asian Opportunities UCITS Fund,
the Gavekal China Fixed Income Fund and the Gavekal China Onshore RMB Bond Fund
(the "Funds") are sub-funds of Gavekal UCITS Fund, an open-ended
umbrella unit trust established as an undertaking for collective investment in transferable securities
pursuant to the European Communities (Undertakings for Collective Investment in Transferable
Securities) Regulations, 2003 (as amended). The Gavekal Global Equities UCITS Fund is a subfund
of Gavekal Multi-Fund PLC, an open-ended umbrella variable investment company established as
an undertaking for collective investment in transferable securities pursuant to the European Communities
(Undertakings for Collective Investment in Transferable Securities) Regulations, 2003 (as amended).
Gavekal Capital Limited has been appointed as investment adviser to the Gavekal UCITS Fund and the
Gavekal Multi-Fund PLC. The distribution of the prospectuses relating to the Funds (each the
"Prospectus") is restricted in certain jurisdictions and accordingly it is the responsibility of any person or
persons wishing to make an application to invest therein to inform themselves of, and to observe, all
applicable laws and regulations of any relevant jurisdiction.
The distribution of the prospectuses relating to the Funds (each the "Prospectus") is restricted in certain
jurisdictions and accordingly it is the responsibility of any person or persons wishing to make an
application to invest therein to inform themselves of, and to observe, all applicable laws and regulations
of any relevant jurisdiction.