Identification by annotation

Synthetic ETF

Managers of synthetic passive ETFs are required to append an asterisk (*) and an annotation-"(*This is a synthetic ETF)"- right after the name of a synthetic passive ETF whenever it appears in all offering documents and marketing materials of the synthetic passive ETF issued by or on its behalf to investors in Hong Kong. This requirement also applies to notices and communications with Hong Kong investors, including those on the corporate websites for Hong Kong investors run by or on behalf of synthetic passive ETFs' managers.

By way of example, the annotation to the name of a synthetic passive ETF will appear as follows:

(*This is a synthetic ETF)