We have decided to suspend the rating of the Matthews Asia Small Companies fund, following the announcement today of the departure of the lead manager Lydia So. Ms So has been managing the Asia Small Companies strategy (which includes a US domiciled version) since 2008, with notable success under her tenure. We wish her all the best. She will be replaced by Tiffany Hsiao, who was previously co-manager on this fund and who is the lead manager of the Matthews China Small Companies fund, which has a Positive Prospect rating. We are looking to have a discussion with Ms Hsiao in the coming weeks to understand her plans going forward and will update investors once we have more clarity in this regard.