Krane Shares Trust -> SpinCo

As a shareholder of one or more Fund(s), you have the right to vote on one or both of these matters, as described below.

The Special Meeting is being held for the following purposes: (1) To approve a new investment advisory agreement between Krane and the Trust on behalf of each Fund (“Proposal 1”) (To be voted on by shareholders of each Fund, voting separately) ;

At the Special Meeting, shareholders will also be asked to transact any other business as may properly come before the Special Meeting and any adjournments or postponements thereof.

Shareholders of all Funds, other than KBA, have authorized their Funds to rely on a manager of managers exemptive order obtained by Krane and the Trust from the U.S.

The Board has approved new sub-advisory agreements with respect to each applicable Fund upon the Closing of the Transaction, and therefore, their shareholders are not being asked to approve new sub-advisory agreements.

Shareholders of KBA are being asked to authorize the Fund to rely on the MoM Order to align the Fund with the manager of managers structure used by the other Funds in the Trust.

https://www.sec.gov/Archives/edgar/data/1547576/000182912626001868/0001829126-26-001868-index.htm