KWEB - KraneShares CSI China Internet ETF

1. Xinhua, "China's new quality productive forces gather steam to turbocharge future growth", November 1, 2025. Government plans may not be implemented as described, which could impact markets. 2. Statista, "Most popular artificial intelligence (AI) applications worldwide as of January 2026, by monthly active users", January 2026. 3. South China Morning Post, "Alibaba’s Qwen family hits 700 million downloads to lead global open-source AI adoption", Jan 13, 2026. 4. Data from KraneShares and Bloomberg as of 12/31/2025. 5. World Economic Forum, "Blueprint to Action: China’s Path to AI-Powered Industry Transformation", January 2025. Compound Annual Growth Rate (CAGR): Mean annual growth rate of an investment over a period longer than one year. 6. Wall Street Journal, "China’s AI Power Play: Cheap Electricity From World’s Biggest Grid", Dec 10, 2025. 7. Data from National Bureau of Statistics of China and the United States Census Bureau as of 12/31/2024. 8. Data from Data Reportal and Statista as of 12/31/2024.