NN (L) International China A-Share Equity

The Sub-Fund aims to generate positive returns in the long run by investing at least two thirds in a diversified portfolio of equities issued by companies based in, or having a significant exposure to, the People’s Republic of China (the “PRC”). The Sub-Fund is actively managed. Portfolio construction and security selection are based on the Investment Manager’s fundamental view of the equity markets, while taking into account environmental, social and governance (ESG) criteria. The Sub-Fund will mainly invest in China A-Shares listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Index as listed in the Appendix II of the Company’s prospectus is used by the Sub-Fund as a reference for financial performance comparison and relative risk comparison. However, the Index is not used for portfolio construction and the risk and return profile of the Sub-Fund can deviate substantially from that of the Index.