| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | First Beijing Investment Ltd. | 90,000,895 | 21,355,315 | 759,607,553.8 | 21.6946 | 9.6515 | 03/31/2026 |
| 2 | Invesco Asset Management Ltd. | 44,986,874 | 6,058,908 | 379,689,216.56 | 0.3735 | 4.8243 | 03/31/2026 |
| 3 | Greenwoods Investments SG Pte Ltd. | 40,957,519 | 12,359,640 | 345,681,460.36 | 7.4845 | 4.3922 | 03/31/2026 |
| 4 | Davis Selected Advisers LP | 28,763,191 | 13,781,418 | 242,761,332.04 | 0.9198 | 3.0845 | 03/31/2026 |
| 5 | Krane Funds Advisors LLC | 28,600,929 | 435,456 | 241,391,840.76 | 2.9311 | 3.0671 | 03/31/2026 |
| 6 | Vanguard Capital Management LLC | 23,890,042 | 23,890,042 | 201,631,954.48 | 0.0035 | 2.5619 | 03/31/2026 |
| 7 | All-Stars Investment Ltd. | 22,095,164 | -591,446 | 186,483,184.16 | 89.8434 | 2.3694 | 03/31/2026 |
| 8 | Schroder Investment Management Ltd. | 20,822,291 | 3,097,618 | 175,740,136.04 | 0.0667 | 2.2329 | 03/31/2026 |
| 9 | FIL Investments International | 19,355,058 | -4,193,770 | 163,356,689.52 | 0.1047 | 2.0756 | 03/31/2026 |
| 10 | First Sentier Investors (Hong Kong) Ltd. | 19,310,916 | 8,663,086 | 162,984,131.04 | 0.7153 | 2.0709 | 03/31/2026 |
| 11 | FIL Investment Management (Hong Kong) Ltd. | 17,746,678 | 4,316,940 | 149,781,962.32 | 0.6388 | 1.9031 | 03/31/2026 |
| 12 | FIL Investment Management (Singapore) Ltd. | 15,873,416 | 428,412 | 133,971,631.04 | 1.085 | 1.7022 | 03/31/2026 |
| 13 | WFM Asia (HK) Ltd. | 14,650,662 | -3,778,922 | 123,651,587.28 | 15.2038 | 1.5711 | 03/31/2026 |
| 14 | Invesco Advisers, Inc. | 14,518,821 | -183,121 | 122,538,849.24 | 0.0483 | 1.557 | 03/31/2026 |
| 15 | OLP Capital Management Ltd. | 13,767,769 | 8,743,697 | 116,199,970.36 | 12.5728 | 1.4764 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Government Pension Fund - Global (The) | 38,337,235 | -7,195,605 | 323,566,263.4 | 0.0176 | 4.1112 | 12/31/2025 |
| 2 | KraneShares CSI China Internet ETF | 28,143,739 | 1,734,275 | 237,533,157.16 | 3.837 | 3.0181 | 05/29/2026 |
| 3 | Invesco Developing Markets Fund | 12,472,867 | 585,815 | 105,270,997.48 | 1.1336 | 1.3376 | 04/30/2026 |
| 4 | Vanguard Total International Stock Index Fund | 10,653,562 | -1,010,177 | 89,916,063.28 | 0.0136 | 1.1425 | 04/30/2026 |
| 5 | Vanguard Emerging Markets Stock Index Fund | 10,025,783 | -699,998 | 84,617,608.52 | 0.0505 | 1.0751 | 04/30/2026 |
| 6 | Invesco Funds - Asian Equity Fund | 9,049,304 | 1,751,902 | 76,376,125.76 | 1.688 | 0.9704 | 04/30/2026 |
| 7 | Fidelity Funds SICAV - Global Technology Fund | 8,263,049 | -2,795 | 69,740,133.56 | 0.1932 | 0.8861 | 04/30/2026 |
| 8 | Invesco Far Eastern Invt. Ser. - Asian Fund (UK) | 7,024,253 | 1,638,205 | 59,284,695.32 | 1.4364 | 0.7533 | 04/30/2026 |
| 9 | Fidelity Funds SICAV - China Consumer Funds | 6,567,651 | 328,482 | 55,430,974.44 | 2.2209 | 0.7043 | 04/30/2026 |
| 10 | Vanguard Institutional Total Intl. Stock Market Index Tr. II | 5,377,753 | -669,806 | 45,388,235.32 | 0.0138 | 0.5767 | 04/30/2026 |
| 11 | JPMorgan Emerging Markets Equity Fund | 5,347,250 | -2,054,186 | 45,130,790 | 0.3889 | 0.5734 | 04/30/2026 |
| 12 | Schroder ISF - Asian Opportunities | 5,307,542 | 1,499,997 | 44,795,654.48 | 0.5733 | 0.5692 | 04/30/2026 |
| 13 | Davis Global Fund | 5,113,270 | 1,693,360 | 43,155,998.8 | 4.7757 | 0.5483 | 01/31/2026 |
| 14 | First Sentier Invs. Glb. Umb. - FSSA China Growth Fund | 4,909,926 | -579,689 | 41,439,775.44 | 1.5477 | 0.5265 | 02/28/2026 |
| 15 | Pacific Capital UCITS Funds Plc - North of South EM | 4,836,384 | -81,176 | 40,819,080.96 | 1.0085 | 0.5186 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 23,890,042 | 23,890,042 | 201,631,954.48 | 0.0035 | 2.5619 | 03/31/2026 |
| 2 | First Beijing Investment Ltd. | 90,000,895 | 21,355,315 | 759,607,553.8 | 21.6946 | 9.6515 | 03/31/2026 |
| 3 | Davis Selected Advisers LP | 28,763,191 | 13,781,418 | 242,761,332.04 | 0.9198 | 3.0845 | 03/31/2026 |
| 4 | Greenwoods Investments SG Pte Ltd. | 40,957,519 | 12,359,640 | 345,681,460.36 | 7.4845 | 4.3922 | 03/31/2026 |
| 5 | D. E. Shaw & Co. LP | 11,240,095 | 8,925,165 | 94,866,401.8 | 0.0651 | 1.2054 | 03/31/2026 |
| 6 | OLP Capital Management Ltd. | 13,767,769 | 8,743,697 | 116,199,970.36 | 12.5728 | 1.4764 | 03/31/2026 |
| 7 | First Sentier Investors (Hong Kong) Ltd. | 19,310,916 | 8,663,086 | 162,984,131.04 | 0.7153 | 2.0709 | 03/31/2026 |
| 8 | Marshall Wace LLP | 7,964,011 | 7,964,011 | 67,216,252.84 | 0.0619 | 0.854 | 03/31/2026 |
| 9 | Mondrian Investment Partners Ltd. | 7,397,162 | 7,397,162 | 62,432,047.28 | 0.3779 | 0.7933 | 03/31/2026 |
| 10 | Alpine Investment Management Ltd. | 11,050,000 | 7,050,000 | 93,262,000 | 39.8839 | 1.185 | 03/31/2026 |
| # | Holder Name | Position | Position Change | $ Market Value | % Port | % O/S | Rpt Date |
|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group, Inc. | 0 | -24,570,692 | 0 | 0 | 0 | |
| 2 | Fidelity Management & Research Co. LLC | 4,764 | -23,283,505 | 40,208.16 | 0 | 0.0005 | 03/31/2026 |
| 3 | Kontiki Capital Management (HK) Ltd. | 0 | -15,348,790 | 0 | 0 | 0 | |
| 4 | Capital Research & Management Co. (International Investors) | 0 | -14,512,490 | 0 | 0 | 0 | |
| 5 | FIAM LLC | 0 | -11,004,095 | 0 | 0 | 0 | |
| 6 | Morgan Stanley Investment Management, Inc. | 5,854,632 | -9,721,817 | 49,413,094.08 | 0.0525 | 0.6278 | 03/31/2026 |
| 7 | Alkeon Capital Management LLC | 8,898,535 | -5,300,000 | 75,103,635.4 | 0.2741 | 0.9543 | 03/31/2026 |
| 8 | FIL Investments International | 19,355,058 | -4,193,770 | 163,356,689.52 | 0.1047 | 2.0756 | 03/31/2026 |
| 9 | Morgan Stanley & Co. LLC | 3,558,909 | -4,160,097 | 30,037,191.96 | 0.0089 | 0.3816 | 03/31/2026 |
| 10 | HHLR Advisors Ltd. | 0 | -4,066,553 | 0 | 0 | 0 |
Data provided by FactSet Research Systems Inc.