Matthews Asia to Re-Open Two Funds

December 19, 2011

December 19, 2011

We would like to inform you that effective January 4, 2012, the Matthews Asian Growth and Income Fund and the Matthews Asia Small Companies Fund will re-open to new investors.

The Matthews Asian Growth and Income and Matthews Asia Small Companies Funds were closed to most new investors on January 7, 2011 and November 12, 2010, respectively, in response to rapid increases in inflows. However, we believe the Funds now have the capacity to accept new assets while maintaining the integrity of their investment process. We feel confident that the portfolios can be managed efficiently, even if the pace of flows should increase. In addition, we believe that restoring the balance between purchases and redemptions is in the best interest of shareholders. With the re-opening of the Funds, we are pleased to offer investors access to our full range of investment strategies.

Launched in 1994, the Matthews Asian Growth and Income Fund seeks to offer investors a relatively stable means to participate in Asia’s growth, while attempting to provide some downside protection.

Launched in 2008, the Matthews Asia Small Companies Fund seeks long-term capital appreciation by investing in small companies (generally under $3 billion) in Asia ex-Japan that we believe are capable of delivering strong secular growth.

We are also pleased to announce that Kenneth Lowe, CFA, has been named Co-Manager of the Matthews Asian Growth and Income Fund. Kenneth has supported the strategy as an Analyst since joining Matthews in 2010, and has deep knowledge of both the region and the strategy. Previously, he worked as an Investment Manager on the Asia and Global Emerging Market Equities Team at Martin Currie Investment Management.

If you have any questions or for more information about our Funds, please visit or contact us. Thank you for your interest in the Matthews Asia Funds. We appreciate the opportunity to serve you.

Best regards,

Robert Horrocks, PhD Jesper Madsen, CFA Lydia So
Chief Investment Officer and Portfolio Manager Portfolio Manager Portfolio Manager