Key Information Document Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Product KraneShares Global Humanoid and Embodied Intelligence Index UCITS ETF Class USD KraneShares Global Humanoid and Embodied Intelligence Index UCITS ETF MANUFACTURER: Waystone Management Company (IE) Limited ISIN: IE000O6Z73N7 WEBSITE: https://www.waystone.com/funds/kraneshares-icav/ TELEPHONE NUMBER: +353(0)16192300 COMPETENT AUTHORITY: The Central Bank of Ireland is responsible for supervising Waystone Management Company (IE) Limited in relation to this Key Information Document MANAGEMENT COMPANY: Waystone Management Company (IE) Limited (the “Management Company”) is authorised in Ireland and regulated by the Central Bank of Ireland. Authorised in: This PRIIP is authorised in Ireland. ISSUED ON 24/09/2025 WHAT IS THIS PRODUCT? Type: KraneShares Global Humanoid and Embodied Intelligence Index UCITS ETF (the “Fund”) is a sub-fund of KraneShares ICAV, an Ir- ish collective asset-management vehicle ("ICAV") constituted as an umbrella fund with segregated liability between sub-funds with registra- tion number C181441 and authorised by the Central Bank of Ireland as a UCITS pursuant to the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, as amended. Segregated liability between sub-funds means that the as- sets and liabilities of each sub-fund are segregated by law, so that an investor should have no claims over the assets of a sub-fund in which they do not own shares. The prospectus and periodic reports are prepared for KraneShares ICAV at umbrella level. Shares in the Fund may not be converted into shares in another sub-fund or from one share class in the Fund into another share class within the same sub-fund. Objectives: The Fund seeks to provide investment results that correspond generally to the price and yield performance of companies in- volved in the advancement of humanoid and embodied intelligence technology or acting as a supply chain solution for a humanoid and em- bodied intelligence company (“Embodied Intelligence Companies”). Embodied Intelligence Companies are companies which have been classified within certain activity groups within The Refinitiv® Business Classification, which are related to humanoid and embodied intelli- gence. The Fund is passively managed and will seek to achieve its objective by tracking the performance of the MerQube Global Humanoid and Embodied Intelligence Index. (the “Index”) as closely as possible. The Index is composed of 50 Embodied Intelligence Companies which are selected using a proprietary scoring system which takes minimum market capitalisation and liquidity requirements into account. Com- ponents are weighted equally at each quarterly rebalance, based on their prices five days prior to rebalance. Under normal circumstances, the Fund will invest at least 80% of its net assets in securities of Embodied Intelligence Companies or in depositary receipts representing se- curities of the Index. Depositary receipts are securities issued by a financial institution which evidence ownership interests in a security or a pool of securities deposited with the financial institution. The Fund seeks to hold all the primarily in securities which are included in the In- dex. These consist of companies classified within certain activity groups within The Refinitiv® Business Classification, which the Index Pro- vider has determined are related to humanoid and embodied intelligence. However, the Fund may also invest in instruments that are not in- cluded in the Index but are securities which provide similar price and yield performance and risk profiles to constituents of the Index. The Fund seeks to hold all the securities of the Index with the approximate weightings that they have in the Index. The Fund, in certain, lim- ited circumstances where replication of the Index is not reasonably practical may also invest in instruments that are not included in the Index but are securities which provide similar price and yield performance and risk profiles to constituents of the Index. The Fund does not intend to use financial derivative instruments. Although the Index is generally well diversified, because of the market it reflects, depending on mar- ket conditions, the Fund may, in order to track the Index accurately, hold positions in individual constituents of the Index up to 20% of the Fund’s Net Asset Value. The Fund may engage in securities lending, but does not intend to use repurchase agreements or total return swaps. The Fund may invest up to 10% of its net asset value in other regulated collective investment schemes, including other exchange traded funds. Shareholders may redeem Shares on any Business Day (as defined in the Fund supplement) and any other day at the Directors’ discretion provided Shareholders are notified in advance. A list of dealing days for the Fund is published on https://kraneshares.eu/. The Fund’s base currency is U.S. Dollar and the class currency of this Class is Euro. The Fund’s income will be reinvested and the Fund does not intend to declare dividends. Depositary: SEI Investments – Depositary and Custodial Services (Ireland) Limited. Intended Retail Investors: Typical investors in the Fund are expected to be investors who want to take short, medium or long term expos- ure to the performance of Embedded Intelligence Companies, and are prepared to accept the risks associated with an investment of this type. Term: The Fund has no maturity date. The Management Company is not entitled to terminate the Fund unilaterally. The Fund may be ter- minated unilaterally by Kraneshares ICAV under certain circumstances as set out in the prospectus for Kraneshares ICAV. Copies of the prospectus, the latest annual and half-yearly reports and application forms may be obtained in English free of charge by contacting the Man- agement Company at35 Shelbourne Road, Ballsbridge, Dublin 4, Dublin, DO4 A4EO, Ireland, orvia https://www.waystone.com/funds/kraneshares-icav/. Further information on the latest share price as well as further practical information on the Fund is published on https://kraneshares.eu/koidln. Page 1 of 3 WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN? RISK INDICATOR The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. Lower RiskHigher Riskwill get may depend on the exchange rate between the two cur- rencies. This risk is not considered in the indicator shown Typically lower rewards Typically higher rewards above. The Fund is subject to the following Risk Factors (without limitation): 1 2 3 4 5 6 7 • Concentration • Index Tracking The risk indicator assumes you keep the product for 5 years.• Liquidity The actual risk can vary significantly if you cash in at an early • Emerging Market including China stage and you may get back less. You may not be able to cash• Equity in early. You may not be able to sell your product easily or you• Holdings and Sector Concentration may have to sell at a price that significantly impacts on how • Index Related much you get back. • Risk related to Stock Connect Programs We have classified this product as 5 out of 7, which is a medi- This product does not include any protection from future market per- um-high risk class. This rates the potential losses from future per- formance so you could lose some or all of your investment. If we are formance at a medium-high level, and poor market conditions will not able to pay you what is owed, you could lose your entire invest- likely impact our capacity to pay you. ment. Be aware of currency risk. In some circumstances, you may re- ceive payments in a different currency, so the final return you PERFORMANCE SCENARIOS What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product over the last 10 years. Markets could develop very differently in the future. The stress scenario shows what you might get back in extreme market circumstances. Recommended Holding Period: 5 years1 year 5 years (Recommended Holding Investment 10,000 USD period) Scenarios Minimum There is no minimum guaranteed return. You could lose some or all of your investment. Stress What you might get back after costs2,640 USD1,230 USD Average return each year -73.61% -34.22% UnfavourableWhat you might get back after costs5,150 USD13,050 USD Average return each year -48.53% 5.46% ModerateWhat you might get back after costs12,600 USD 19,500 USD Average return each year 26.03% 14.29% Favourable What you might get back after costs19,680 USD 49,130 USD Average return each year 96.76% 37.49% The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. Unfavourable: This type of scenario occurred for an investment between 11-2021 and 08-2025. Moderate: This type of scenario occurred for an investment between 06-2019 and 06-2024. Favourable: This type of scenario occurred for an investment between 02-2016 and 02-2021. WHAT HAPPENS IF WAYSTONE MANAGEMENT COMPANY (IE) LIMITED IS UNABLE TO PAY OUT? To protect you, the assets of the Fund are held with SEI Investments – Depositary and Custodial Services (Ireland) Limited (the “Deposit- ary”). The Depositary is a separate regulated entity which performs safekeeping duties for the Fund’s assets. In the event of the insolvency of the Management Company, the Fund’s assets in the safekeeping of the Depositary will not be affected. Should the Fund default, the De- positary would preserve the Fund's assets so that they could be liquidated and the proceeds distributed to the investors. In the worst case, however, you could lose your entire investment. You are not covered by a national compensation scheme. WHAT ARE THE COSTS? The person advising on or selling you this product may charge you other costs. If so, this person will provide you with information about these costs and how they affect your investment. COSTS OVER TIME The tables show the amounts that are taken from your investment to cover different types of costs. These amounts depend on how much you invest, how long you hold the product and how well the product performs. The amounts shown here are illustrations based on an ex- ample investment amount and different possible investment periods. We have assumed: Page 2 of 3 - In the first year you would get back the amount that you invested (0% annual return). For the other holding periods we have assumed the product performs as shown in the moderate scenario. - USD 10,000 is invested. Investment 10,000 USD If you exit after If you exit after Scenarios 1 year 5 years Total Costs 94 USD 815 USD Annual Cost Impact (*) 0.94% 0.94% each year (*) This illustrates how costs reduce your return each year over the holding period. For example it shows that if you exit at the recommended holding period your average return per year is projected to be 15.23% before costs and 14.29% after costs. We may share part of the costs with the person selling you the product to cover the services they provide to you. They will inform you of the amount. COMPOSITION OF COSTS If you exit after 1 year One-Off Costs upon entry or exit Entry Costs There are no entry costs for this product.0 USD Exit Costs There are no exit costs for this product. 0 USD Ongoing costs taken each year Management fees and other adminis- All the ordinary operating and administrative expenses of the 69 USD trative or operating costs Share Class shall be paid out of the Total Expense Ratio (“TER”) of 0.69% the value of your investment per year. This is an estimate based on actual costs over the last year. Transaction costs0.25% of the value of your investment per year. This is an es-25 USD timate of the costs incurred when we buy and sell the underly- ing investments for the product. The actual amount will vary depending on how much we buy and sell. The TER does not include transaction costs. Incidental costs taken under specific conditions Performance fees There is no performance fee for this product. 0 USD HOW LONG SHOULD I HOLD IT AND CAN I TAKE MONEY OUT EARLY? Recommended holding period: 5 years. The Fund is designed to deliver capital appreciation over a long-term investment horizon with a medium-high level of risk. You can redeem your shares on a daily basis with no penalty. HOW CAN I COMPLAIN? If you have any complaints about the product, the conduct of the manufacturer or the person advising on the product, complaints can be lodged via the following methods: PRIIPs Manufacturer and UCITS Management Company's details I. Phone: +353(0)16192300 II. E-mail: complianceeurope@waystone.com III. Mail: Head of Compliance Waystone Management Company (IE) Limited is 35 Shelbourne Road, Ballsbridge, Dublin 4, Dublin, DO4 A4EO, Ireland, telephone +353 1 619 2300. IV. Online: https://www.waystone.com//. OTHER RELEVANT INFORMATION Remuneration Policy: The Management Company’s up-to-date remuneration policy, including, but not limited to, a description of how re- muneration and benefits are calculated and the identity of persons responsible for awarding the remuneration and benefits is available at the following website https://www.waystone.com/waytsone-policies/ and a paper copy of such remuneration policy is available to investors free of charge upon request. This share class is not yet launched and there is no full calendar years performance. Previous performance scenario calculations are pub- lished on a monthly basis and can be found at https://kraneshares.eu/koidln. Page 3 of 3