| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | First Beijing Investment Ltd. | 7,233,600 | 1,594,038 | 174,908,448 | 7.0791 | 6.3994 | 04/11/2025 |
| 2 | OLP Capital Management Ltd. | 7,202,395 | 1,052,822 | 174,153,911.1 | 12.8756 | 6.3718 | 12/31/2024 |
| 3 | M&G Investment Management Ltd. | 3,680,513 | 162,407 | 88,994,804.34 | 0.1547 | 3.2561 | 12/31/2024 |
| 4 | Morgan Stanley & Co. LLC | 3,093,945 | 1,514,606 | 74,811,590.1 | 0.0301 | 2.7372 | 12/31/2024 |
| 5 | Mirae Asset Global Investments (Hong Kong) Ltd. | 2,581,579 | 2,504,381 | 62,422,580.22 | 0.3986 | 2.2839 | 03/31/2025 |
| 6 | FIL Investment Management (Singapore) Ltd. | 2,458,758 | -550,805 | 59,452,768.44 | 0.4302 | 2.1752 | 12/31/2024 |
| 7 | Principal Global Investors LLC | 2,409,952 | 2,409,952 | 58,272,639.36 | 0.0302 | 2.132 | 03/31/2025 |
| 8 | BofA Securities, Inc. | 2,364,809 | 163,993 | 57,181,081.62 | 0.1085 | 2.0921 | 12/31/2024 |
| 9 | Numeric Investors LLC | 2,051,797 | 366,872 | 49,612,451.46 | 0.2401 | 1.8152 | 12/31/2024 |
| 10 | Fidelity Management & Research Co. LLC | 1,644,542 | 754,600 | 39,765,025.56 | 0.0027 | 1.4549 | 12/31/2024 |
| 11 | The Vanguard Group, Inc. | 1,599,555 | -21,951 | 38,677,239.9 | 0.0006 | 1.4151 | 12/31/2024 |
| 12 | Acadian Asset Management LLC | 1,507,076 | 1,258,756 | 36,441,097.68 | 0.0901 | 1.3333 | 12/31/2024 |
| 13 | JPMorgan Securities LLC (Investment Management) | 1,405,750 | 400,393 | 33,991,035 | 0.0249 | 1.2436 | 12/31/2024 |
| 14 | Goldman Sachs & Co. LLC (Private Banking) | 1,364,997 | -2,315,081 | 33,005,627.46 | 0.0212 | 1.2076 | 12/31/2024 |
| 15 | Norges Bank Investment Management | 1,356,968 | -154,343 | 32,811,486.24 | 0.0026 | 1.2005 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 3,695,722 | 0 | 89,362,557.96 | 0.007 | 3.2695 | 06/30/2024 |
| 2 | Fidelity Funds SICAV - China Consumer | 2,166,406 | -787,304 | 52,383,697.08 | 1.7247 | 1.9166 | 02/28/2025 |
| 3 | Fidelity Growth Company Commingled Pool | 1,062,458 | 945,158 | 25,690,234.44 | 0.0312 | 0.9399 | 02/28/2025 |
| 4 | Fidelity Growth Company Fund | 758,770 | 707,370 | 18,347,058.6 | 0.0307 | 0.6713 | 02/28/2025 |
| 5 | Vanguard Total International Stock Index Fund | 725,282 | 5,063 | 17,537,318.76 | 0.0037 | 0.6416 | 03/31/2025 |
| 6 | Vanguard Emerging Markets Stock Index Fund | 661,153 | -21,177 | 15,986,679.54 | 0.0141 | 0.5849 | 03/31/2025 |
| 7 | First Sentier Invs. Glb. Umb. - FSSA China Growth Fund | 554,093 | -473,328 | 13,397,968.74 | 0.5741 | 0.4902 | 12/31/2024 |
| 8 | Schroder ISF - Hong Kong Equity | 547,369 | -342,881 | 13,235,382.42 | 1.321 | 0.4842 | 12/31/2024 |
| 9 | Jupiter Asset Mgmt. Series Plc - Global Eq. Abs. Ret. Fd. | 528,200 | 279,500 | 12,771,876 | 0.5486 | 0.4673 | 12/31/2024 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 374,145 | 16,370 | 9,046,826.1 | 0.0037 | 0.331 | 03/31/2025 |
| 11 | iShares Core MSCI Emerging Markets ETF | 341,992 | 341,992 | 8,269,366.56 | 0.0099 | 0.3026 | 03/31/2025 |
| 12 | Burgundy Emerging Markets Equity Fund | 337,522 | -20,370 | 8,161,281.96 | 2.9651 | 0.2986 | 02/28/2025 |
| 13 | M&G Investment Funds (1) OEIC - Asian Fund | 265,976 | 18,331 | 6,431,299.68 | 1.5411 | 0.2353 | 12/31/2024 |
| 14 | M&G Investment Funds (7) OEIC - Global Emerging Markets Fund | 258,195 | 0 | 6,243,155.1 | 0.738 | 0.2284 | 12/31/2024 |
| 15 | Fidelity Inv. Trust - Pacific Basin Fund | 246,116 | -398,784 | 5,951,084.88 | 0.8618 | 0.2177 | 02/28/2025 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Mirae Asset Global Investments (Hong Kong) Ltd. | 2,581,579 | 2,504,381 | 62,422,580.22 | 0.3986 | 2.2839 | 03/31/2025 |
| 2 | Principal Global Investors LLC | 2,409,952 | 2,409,952 | 58,272,639.36 | 0.0302 | 2.132 | 03/31/2025 |
| 3 | First Beijing Investment Ltd. | 7,233,600 | 1,594,038 | 174,908,448 | 7.0791 | 6.3994 | 04/11/2025 |
| 4 | Morgan Stanley & Co. LLC | 3,093,945 | 1,514,606 | 74,811,590.1 | 0.0301 | 2.7372 | 12/31/2024 |
| 5 | Acadian Asset Management LLC | 1,507,076 | 1,258,756 | 36,441,097.68 | 0.0901 | 1.3333 | 12/31/2024 |
| 6 | OLP Capital Management Ltd. | 7,202,395 | 1,052,822 | 174,153,911.1 | 12.8756 | 6.3718 | 12/31/2024 |
| 7 | William Blair Investment Management LLC | 908,692 | 908,692 | 21,972,172.56 | 0.0288 | 0.8039 | 12/31/2024 |
| 8 | Fidelity Management & Research Co. LLC | 1,644,542 | 754,600 | 39,765,025.56 | 0.0027 | 1.4549 | 12/31/2024 |
| 9 | 3G Capital Partners LP (New York) | 1,000,000 | 725,000 | 24,180,000 | 7.144 | 0.8847 | 12/31/2024 |
| 10 | Voloridge Investment Management LLC | 1,028,543 | 561,365 | 24,870,169.74 | 0.0919 | 0.9099 | 12/31/2024 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Goldman Sachs & Co. LLC (Private Banking) | 1,364,997 | -2,315,081 | 33,005,627.46 | 0.0212 | 1.2076 | 12/31/2024 |
| 2 | T. Rowe Price International Ltd. | 0 | -601,780 | 0 | 0 | 0 | |
| 3 | First Sentier Investors (Hong Kong) Ltd. | 654,896 | -593,633 | 15,835,385.28 | 0.115 | 0.5794 | 12/31/2024 |
| 4 | FIL Investment Management (Singapore) Ltd. | 2,458,758 | -550,805 | 59,452,768.44 | 0.4302 | 2.1752 | 12/31/2024 |
| 5 | Fidelity Management & Research (Hong Kong) Ltd. | 246,116 | -398,784 | 5,951,084.88 | 0.0437 | 0.2177 | 02/28/2025 |
| 6 | Sylebra Capital LLC | 758,245 | -353,479 | 18,334,364.1 | 0.8132 | 0.6708 | 12/31/2024 |
| 7 | Schroder Investment Management (Hong Kong) Ltd. | 547,369 | -342,881 | 13,235,382.42 | 0.0555 | 0.4842 | 12/31/2024 |
| 8 | Bank of America, NA (Private Banking) | 586,734 | -258,485 | 14,187,228.12 | 0.007 | 0.5191 | 12/31/2024 |
| 9 | Great Eastern Life Assurance Co. Ltd. | 161,800 | -226,543 | 3,912,324 | 0.1288 | 0.1431 | 12/31/2024 |
| 10 | Perseverance Asset Management LP | 720,376 | -194,437 | 17,418,691.68 | 0.4755 | 0.6373 | 12/31/2024 |
Data provided by FactSet Research Systems Inc.