Contact us: +(1) 212-933-0393europe@kraneshares.com KWEB KraneShares CSI China Internet UCITS ETF KraneShares CSI China Internet UCITS ETF is a sub fund of KraneShares ICAV (the Fund DetailsData as of 28/Feb/2025 “ICAV”). The ICAV is authorised as a UCITS in Ireland and regulated by the Central Bank of Ireland. Primary SEDOL BGLRQN6 This is a marketing communication. Investors should read the Prospectus, Supplement Primary ISINIE00BFXR7892 and UK KIID and/or PRIIP KID prior to investing. Inception Date 21/Nov/2018Total Annual Fund Operating Expense 0.75% Investment Strategy: Distribution Frequency Accumulating KWEB is an index-tracking, passively managed UCITS ETF that seeks to measure the performance of the investable universe of publicly traded China-based companies whose Index Name CSI Overseas China Internet primary business or businesses are within the Internet and Internet-related sectors. IndexNet Assets $525,805,468 KWEB Provides: Number of Holdings 30Access to Chinese internet companies that provide similar services as Google,Facebook, Twitter, eBay, Amazon, etc. UK Reporting Fund StatusReporting FundExposure to companies benefitting from increasing domestic consumption by China's Investment StructureUCITSgrowing middle class. Base Currency USDExposure to Chinese internet companies listed in both the United States and HongKong. Top 10 Holdings as of 28/Feb/2025 Ticker % China Internet Sector Highlights: Holdings are subject to change. Chinese retail web sales totaled $2.1 trillion1 in 2023 (compared to $1.1 trillion2 in the ALIBABA GROUP HOLDING LTD 9988 12.40United States). TENCENT HOLDINGS LTD70010.79China's internet population reached 1.09 billion people in 2023, a penetration of only77%3. The U.S. internet population reached 311.3 million people, a penetration rate of MEITUAN-CLASS B 3690 7.1793% in 20233. PDD HOLDINGS INC PDD6.83Total Chinese retail sales reached $6.5 trillion in 20233.Online shopping accounted for 32% of retail purchases in China in 20233. TRIP.COM GROUP LTD9961 4.31KE HOLDINGS INC-ADR BEKE 4.06 1. Data from Statista as of 31/Mar/2024. Retrieved 30/Jun/2024. Note: Figures converted from Chinese Renminbi to USD. JD.COM INC-CLASS A9618 4.06 2. Data from U.S. Department of Commerce as of 31/Mar/2024. Retrieved 30/Jun/2024. 3. Data from Statista and The World Bank as of 31/Mar/2024. Retrieved 30/Jun/2024.NETEASE INC 9999 3.90KUAISHOU TECHNOLOGY 1024 3.83KANZHUN LTD - ADR BZ 3.80 KWEB Performance History:Cumulative %Average Annualized % Average Annualized %Data as of month end: 28/Feb/2025Data as of month end: 28/Feb/2025 Data as of quarter end: 31/Dec/2024 1 Mo 3 Mo 6 Mo Since 1 Yr 3 Yr5 Yr Since 1 Yr 3 Yr 5 Yr Since InceptionInception Inception Fund NAV 8.75% 13.70% 35.17% -4.08% 36.41% 2.10% -4.46% -0.66%13.25% -5.14%-7.13% -2.92% Index 9.64% 13.39% 34.94% -2.55% 34.94% 1.83% -4.45% -0.41%11.95% -5.56%-7.11% -2.69% The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investors shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please visit www.kraneshares.eu. Index returns are for illustrative purposes only. Index performance returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index. This is a marketing communication. Please refer to the prospectus of the UCITS, the KIID and the PRIIP before making any final investment decisions. Contact us: +(1) 212-933-0393europe@kraneshares.com KWEB Listings as of 28/Feb/2025 Ticker CurrencyListing DateSEDOL ISIN London Stock ExchangeKWEB LN USD21/Nov/2018BGLRQN6IE00BFXR7892 Euronext Amsterdam KWEB NA USD20/May/2019BFYWCC2IE00BFXR7892 London Stock ExchangeKWBE LN EUR01/Oct/2020BGLRQP8IE00BFXR7900 London Stock ExchangeKWBP LN GBP01/Oct/2020BLC9NZ7 IE00BMW13836 Borsa Italiana KWBE IM EUR08/Jan/2021BNRQLF3IE00BFXR7900 Deutsche Börse KWBEEUR10/Oct/2023— IE00BFXR7892 Sector Breakdown % Data from Bloomberg as of 28/Feb/2025 Consumer Discretionary 42.81 Communication Services 39.72 Consumer Staples5.63 Financials 4.06 Real Estate 4.05 Industrials 3.72 Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. The Funds are subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. Narrowly focused investments typically exhibit higher volatility. Internet companies are subject to rapid changes in technology, worldwide competition, rapid obsolescence of products and services, loss of patent protections, evolving industry standards and frequent new product productions. Such changes may have an adverse impact on performance. This material is for information only and does not constitute an offer or recommendation to buy or sell any investment, or subscribe to any investment management or advisory service. It is not, under any circumstances, intended for distribution to the general public. You are accessing information which constitutes a financial promotion under section 21 of the Financial Services and Markets Act 2000 ("FSMA"). In relation to the United Kingdom, this information is only directed at, and may only be distributed to, persons who are “Investment Professionals” (being persons having professional experience in matters relating to investments) within the meaning of article 19(5) of the FSMA (Financial Promotion) Order 2005 (the “Financial Promotion Order ”), persons to whom any of paragraphs (2)(a) to (d) of article 49 (high net worth companies, unincorporated associations etc.) of the financial promotion order apply, or persons to whom distribution may otherwise lawfully be made. Any investment, and investment activity or controlled activity, to which this information relates is available only to such persons and will be engaged in only with such persons. Persons that do not have professional experience should not rely or act upon this information unless they are persons to whom any of paragraphs (2)(a) to (d) of article 49 apply to whom distribution of this information may otherwise lawfully be made. The views and opinions expressed in this material are those of the authors Krane Fund Advisors. These opinions have been given in good faith but are subject to change without notice. It is the responsibility of the investor to evaluate the accuracy, completeness and usefulness of any opinions, advice, services, or other information provided. This material may not be suitable for all investors. Any performance quoted represents past performance and is no guarantee of future results. Past performance is not indicative or a guarantee of future performance. Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information, including historical and the most recent month-end performance, can be found in the Fund Literature (Prospectus, Supplement, KIID, PRIIP), which may be obtained at our website www.kraneshares.eu or at the website of our management company www.waystone.com. KIID and PRIIP documents are available in the language of any Member State where such fund is distributed, and the prospectus is available only in English. Krane Funds Advisors, LLC is appointed to act as investment manager in accordance with the requirements of the Central Bank. Krane Funds Advisors, LLC is appointed as the distributor of the ICAV. Waystone Management Company (IE) Limited is appointed to provide management services to the ICAV in accordance with the requirements of the Central Bank. The Management Company may decide to terminate the arrangements made for the marketing of the Fund in accordance with Article 93a of Directive 2009/65/EC. For additional documentation, please visit www.waystone.com or www.kraneshares.eu. To view our Summary of Investor Rights, available in English, please visit www.kraneshares.eu or click here. [R-KS-EU]