Message to Matthews Asia Growth Fund Shareholders


April 29, 2011

Dear Shareholder,

We would like to inform you that effective April 29, 2011, the Matthews Asia Pacific Fund has been renamed the Matthews Asia Growth Fund to better reflect its investment objective. The new name is intended to more accurately describe the growth orientation of the Fund, and the Fund’s focus on companies in Asia, rather than the Asia Pacific region. While the Fund will still be able to invest in Australia and New Zealand, these countries are no longer part of its principal investment strategy. The Fund’s ticker symbol remains unchanged.

The Matthews Asia Growth Fund seeks to identify the most attractive growth companies in Asia. These may include Asia-based multinational corporations with significant exposure to the region, as well as Asian firms that derive a substantial or growing portion of revenues from Asia. The Fund will continue to utilize its bottom-up, all-capitalization and country agnostic investment approach. We mine the region for the best growth companies, and we do this without a country bias so the location of a company’s headquarters generally does not limit us.

If you have any questions regarding the Fund’s name change, please contact us at 800.789.ASIA (2742). Thank you for your continued investment in the Matthews Asia Funds. We appreciate the opportunity to serve you.

Best Regards,

Taizo Ishida                                                                                        Robert Horrocks, PhD
Portfolio Manager                                                                              Chief Investment Officer
Matthews International Capital Management, LLC                    Matthews International Capital Management, LLC