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1 INTERIM REPORT AS OF 28 JUNE 2019

2 Contents Pages Administration and management 1 Statement of net assets 2 Statement of profit or loss and other comprehensive income 14 Statement of changes in equity 20 Statement of cash flows 26 Distribution statement 38 Statement of movements in portfolio holdings 40 Performance table 46 Performance record 50 Investment portfolio 54 ( 中文譯本乃根據英文報告書原文翻譯而成, 僅供參考之用, 一切內容均以英文報告書原文為準 )

3 ADMINISTRATION AND MANAGEMENT Manager BOCI-Prudential Asset Management Limited 27th Floor, Bank of China Tower 1 Garden Road Central Hong Kong Trustee and Registrar BOCI-Prudential Trustee Limited 12th Floor & 25th Floor, Citicorp Centre 18 Whitfield Road Causeway Bay Hong Kong Auditor Ernst & Young 22nd Floor, CITIC Tower 1 Tim Mei Avenue Central Hong Kong

4 STATEMENT OF NET ASSETS (UNAUDITED) AS AT 28TH JUNE 2019 BOCIP China Bond Fund ASSETS Current assets Financial assets at fair value through profit or loss 169,793, ,473,849 Amounts due from brokers Dividends receivable and interest receivable 2,777,317 3,586,094 Management fee rebate receivable Amounts receivable on subscription of units Restricted deposits 198, ,806 Fixed deposit 5,241,256 5,981,644 Bank balances 5,663,325 11,555,730 Other receivables and prepayments 2,600 4,554 Total assets 183,676, ,800,677 LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss Amounts due to brokers Accrued expenses and other payables 388, ,530 Amounts payable on redemption of units Withholding tax payable 1,307,555 1,769,960 Capital gain tax payable Total liabilities 1,696,363 2,202,490 2

5 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund 5,330,690 5,282,828 1,231,331,293 1,295,047,270 24,584,389 21,937,101 1,250,094 18,957,080 46,208 35,241 1,019 1,121 49,505 10,220, , ,917 29,852,950 17,182, ,176 2,764,493 2,599 4,512 5,787,068 6,070,866 1,280,193,427 1,322,454,809 26,013,867 24,736, ,892 11,024,182 1,240,585 1,908,498 2,172,177 3,176 2,696 4,223,208 1,585,886 4,621 3,524 18,741,774 2,172,177 1,248, ,112 3

6 STATEMENT OF NET ASSETS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Bond Fund EQUITY Net assets Attributable to unitholders 181,980, ,598,187 Units in issue Class A A Class A RMB Hedged Currency Class Units A Class C C 17,388, ,388, Net assets value as at 28th June attributable to Class A A Class A RMB Hedged Currency Class Units A Class C C 181,980, ,598,187 Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C NAV (including last day sub/rdm) 181,980, ,598,187 4

7 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund 5,787,068 6,070,866 1,261,451,653 1,320,282,632 24,765,485 23,923, , , ,700, ,634, ,517, ,517, , , ,787,068 6,070,866 1,258,099,725 1,313,030,058 24,765,485 23,923,723 3,351,928 7,252, ,787,068 6,070,866 1,261,451,653 1,320,282,632 24,765,485 23,923,723 5

8 STATEMENT OF NET ASSETS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Wealth Fund ASSETS Current assets Financial assets at fair value through profit or loss 23,750,699 21,175,843 Amounts due from brokers 154 Dividends receivable and interest receivable 152,093 Management fee rebate receivable Amounts receivable on subscription of units Restricted deposits Fixed deposit Bank balances 1,408,118 1,779,533 Other receivables and prepayments Total assets 25,310,910 22,955,530 LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss Amounts due to brokers 335,195 1,095,011 Accrued expenses and other payables 4,240 5,962 Amounts payable on redemption of units Withholding tax payable 10,834 Capital gain tax payable Total liabilities 350,269 1,100,973 6

9 BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund 224,262, ,774,652 2,738,390 2,455,236 10,082,108 9,011,323 1,802,752 1,701, ,043 13,117,691 1,426, , , , ,905 4,777 4, ,187, ,907,533 2,853,005 2,589,039 10,282,557 9,143,228 10,046, , , ,067 2, ,148 1, ,386 10,225, ,067 2, ,766 1,219 7

10 STATEMENT OF NET ASSETS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Wealth Fund EQUITY Net assets Attributable to unitholders 24,960,641 21,854,557 Units in issue Class A A 2,780, ,715, Class A RMB Hedged Currency Class Units A 3, , Class C C Net assets value as at 28th June attributable to Class A A 24,920,463 21,818,802 Class A RMB Hedged Currency Class Units A 40,178 35,755 Class C C Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C NAV (including last day sub/rdm) 24,960,641 21,854,557 8

11 BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund 228,961, ,728,466 2,850,080 2,588,128 10,151,791 9,142,009 24,568, ,323, , , , , , , ,961, ,728,466 2,850,080 2,588,128 10,116,780 9,109,818 35,011 32, ,961, ,728,466 2,850,080 2,588,128 10,151,791 9,142,009 9

12 STATEMENT OF NET ASSETS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund ASSETS Current assets Financial assets at fair value through profit or loss 15,356,145 17,202,968 Amounts due from brokers 1, Dividends receivable and interest receivable 207,427 Management fee rebate receivable Amounts receivable on subscription of units Restricted deposits Fixed deposit Bank balances 557,670 55,116 Other receivables and prepayments Total assets 16,122,742 17,258,186 LIABILITIES Current liabilities Financial liabilities at fair value through profit or loss Amounts due to brokers Accrued expenses and other payables 1,519 2,031 Amounts payable on redemption of units Withholding tax payable 18,115 Capital gain tax payable Total liabilities 19,634 2,031 10

13 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 7,172,029 5,740,347 22,249,107 10,560,139 3,057,070 2,991,879 14,795 12, ,867 8, ,669 5, ,055 93,529 7,267,896 5,748,852 22,472,776 10,565,157 3,283,946 3,098, ,252 2, ,283 1, ,252 2,697 1,588 2,467 11

14 STATEMENT OF NET ASSETS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund EQUITY Net assets Attributable to unitholders 16,103,108 17,256,155 Units in issue Class A A 1,101, ,242, Class A RMB Hedged Currency Class Units A Class C C Net assets value as at 28th June attributable to Class A A 16,103,108 17,256,155 Class A RMB Hedged Currency Class Units A Class C C Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C NAV (including last day sub/rdm) 16,103,108 17,256,155 12

15 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 7,267,220 5,748,185 22,436,524 10,562,460 3,282,358 3,095, , , ,870, ,187, , , ,267,220 5,748,185 22,436,524 10,562,460 3,282,358 3,095, ,267,220 5,748,185 22,436,524 10,562,461 3,282,358 3,095,561 13

16 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund INCOME Dividend income Interest income on bank deposits 81, ,035 Interest income on financial assets at fair value through profit or loss 2,820,864 6,647,785 Management fee rebate Net (losses)/gains on financial assets at fair value through profit or loss (395,781) (4,692,401) Net exchange (loss)/gains 118,090 (1,134,010) Other Income 2,624,862 1,088,409 Total income/(loss) 2,624,862 1,088,409 EXPENSES Management fee 921,501 1,834,232 Trustee fee 115, ,279 Sub-Custodian fee 30,559 57,832 Transaction handling fee 5,555 7,151 Printing & publishing expenses 49,912 36,440 Other operating expenses 62,034 84,917 Total expenses 1,247,686 2,368,916 Net profit/(loss) before tax 1,377,176 (1,280,507) Withholding tax (1,378) (219,054) Value-added tax 6,017 (125,499) Profit/(loss) and total comprehensive income 1,381,815 (1,625,060) 14

17 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund 32,495,189 56,316, , ,563 1, ,516 44,115 4,485 2,853 6,498 13,104 47,862 72,814 66,796,897 (192,687,069) 595,266 (6,697,570) (18,578) (20,469) 891 (14,512) 55,995 86,120 99,332,024 (136,346,991) 920,903 (6,238,666) 55,995 86,120 99,332,024 (136,346,991) 920,903 (6,238,666) 11,636,045 28,293, ,700 1,482,541 15,350 35, , ,997 3,551 8, ,696 2,990,552 21,833 17,201 1, , ,173 5,344 2, ,272 25,160 1, , ,542,474 33,335,422 47,115 64,107 54,446 85,412 85,789,550 (169,682,413) 873,788 (6,302,773) (2,810,366) (4,799,050) (32,026) (47,056) 54,446 85,412 82,979,184 (174,481,463) 841,762 (6,349,829) 15

18 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Wealth Fund INCOME Dividend income 339, ,303 Interest income on bank deposits 2,790 2,598 Interest income on financial assets at fair value through profit or loss Management fee rebate Net (losses)/gains on financial assets at fair value through profit or loss 3,040,618 (4,563,899) Net exchange (loss)/gains (69,519) (4,482) Other Income 3,313,043 (3,860,480) Total income/(loss) 3,313,043 (3,860,480) EXPENSES Management fee Trustee fee 14,734 31,480 Sub-Custodian fee 2,297 4,774 Transaction handling fee 134, ,987 Printing & publishing expenses 4,899 1,924 Other operating expenses 2,058 1,370 Total expenses 158, ,535 Net profit/(loss) before tax 3,154,844 (4,118,015) Withholding tax (26,665) (59,063) Value-added tax Profit/(loss) and total comprehensive income 3,128,179 (4,177,078) 16

19 BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund 17,063 38, , ,111 23,560 17, ,855,770 5,181,962 1,473,489 (3,763,265) 329,972 (1,071,628) 784,896 (1,416,622) (1,983) 50,624 (81) (12,736) 37 (977) 19,585 4,350,836 1,506, ,256 (1,045,957) 1,035,152 (1,033,367) 4,350,836 1,506, ,256 (1,045,957) 1,035,152 (1,033,367) 836,063 1,691, , ,504 1,772 4,615 6,126 12,301 44,486 88, ,979 11,530 28,696 23,684 36,656 7,914 17,898 59,446 39, , ,841 9,131 1, ,648 1,210 1,117,784 2,175,757 27,723 43,424 18,685 34,142 3,233,052 (669,175) 319,533 (1,089,381) 1,016,467 (1,067,509) (1,341) (3,233) (6,003) (10,127) 3,233,052 (669,175) 318,192 (1,092,614) 1,010,464 (1,077,636) 17

20 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund INCOME Dividend income 480, ,863 Interest income on bank deposits Interest income on financial assets at fair value through profit or loss Management fee rebate Net (losses)/gains on financial assets at fair value through profit or loss 497,834 (2,345,140) Net exchange (loss)/gains Other Income 979,102 (1,596,922) Total income/(loss) 979,102 (1,596,922) EXPENSES Management fee Trustee fee 11,006 20,727 Sub-Custodian fee 1,821 3,064 Transaction handling fee 16,453 42,385 Printing & publishing expenses 3,803 1,135 Other operating expenses 1, Total expenses 34,311 67,666 Net profit/(loss) before tax 944,791 (1,664,588) Withholding tax (27,545) (38,106) Value-added tax Profit/(loss) and total comprehensive income 917,246 (1,702,694) 18

21 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 85, , , ,970 71, , ,454,118 (2,587,722) 1,716,133 (6,981,982) 123,925 (520,291) (247) (30,925) (10,313) (12,624) 33 (7,398) 7 1,539,885 (2,511,477) 1,921,423 (6,827,096) 196,188 (378,535) 1,539,885 (2,511,477) 1,921,423 (6,827,096) 196,188 (378,535) 4,369 9,135 12,378 17,669 2,018 4,391 1,014 2,175 2,634 4, ,186 4,299 16, , ,041 1,752 9,400 1, ,139 1, , , ,947 12,252 28, , ,843 5,313 18,946 1,527,633 (2,539,841) 1,737,838 (7,033,939) 190,875 (397,481) (8,598) (10,812) (23,152) (16,697) (4,078) (6,958) 1,519,035 (2,550,653) 1,714,686 (7,050,636) 186,797 (404,439) 19

22 STATEMENT OF CHANGES IN EQUITY (UNAUDITED) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund Balance at the beginning of the period/year 180,598, ,223,247 Proceeds from issue of units Payments on redemption of units Net subscription Total comprehensive income/(losses) 1,381,815 (1,625,060) Distribution to unitholders Balance at the end of the period/year 181,980, ,598,187 20

23 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund 6,070,866 5,380,654 1,320,282,632 1,670,760,706 23,923,723 30,073, , , ,432, ,007, ,000 (608,844) (225,493,521) (525,692,179) (338,244) 604,800 (108,061,420) (95,684,368) 200,000 54,446 85,412 82,979,184 (174,481,463) 841,762 (6,349,829) (33,748,743) (80,312,243) 5,787,068 6,070,866 1,261,451,653 1,320,282,632 24,765,485 23,923,723 21

24 STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Wealth Fund Balance at the beginning of the period/year 21,854,557 26,112,597 Proceeds from issue of units 565,420 1,270,451 Payments on redemption of units (79,180) Net subscription 565,420 1,191,271 Total comprehensive income/(losses) 3,128,179 (4,177,078) Distribution to unitholders (587,515) (1,272,233) Balance at the end of the period/year 24,960,641 21,854,557 22

25 BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund 225,728, ,916,841 2,588,128 3,875,414 9,142,009 10,269,688 2,278,899 3,007, , ,715 (88,980) 2,278,899 3,007, , ,735 3,233,052 (669,175) 318,192 (1,092,614) 1,010,464 (1,077,636) (2,278,899) (4,527,145) (56,240) (194,672) (243,012) (497,778) 228,961, ,728,466 2,850,080 2,588,128 10,151,791 9,142,009 23

26 STATEMENT OF CHANGES IN EQUITY (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund Balance at the beginning of the period/year 17,256,155 13,837,156 Proceeds from issue of units 5,646,388 Payments on redemption of units (2,070,293) (524,695) Net subscription (2,070,293) 5,121,693 Total comprehensive income/(losses) 917,246 (1,702,694) Distribution to unitholders Balance at the end of the period/year 16,103,108 17,256,155 24

27 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 5,748,185 8,298,838 10,562,460 17,613,096 3,095,561 19, ,664 10,356, ,767 68,331 3,629,990 19, ,664 10,356, ,767 68,331 3,629,990 1,519,035 (2,550,653) 1,714,686 (7,050,636) 186,797 (404,439) (19,773) (381,664) (196,763) (752,767) (68,331) (129,990) 7,267,220 5,748,185 22,436,524 10,562,460 3,282,358 3,095,561 25

28 STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund 1/1/2019 1/1/2018 Cash flows from operating activities (Decrease)/increase in net assets attributable to unitholders 1,381,815 (1,625,060) Adjustment for: Dividend income Interest income on bank deposit at fair value through profit or loss (81,689) (267,035) Interest income on financial assets at fair value through profit or loss (2,820,864) (6,647,785) Net losses/(gains) on financial assets at fair value through profit or loss 395,781 4,692,401 Withholding tax 1, ,054 Value-added tax (6,017) 125,499 (1,129,596) (3,502,926) Decrease (increase) in management fee rebate receivables (Decrease) increase in accrued expenses and other payables (43,722) 46,349 Decrease (increase) in prepaid expenses and other receivables 1,954 (13) Increase in margin deposits Decrease (increase) in deposit paid ,454 Dividend income received (net of withholding tax) Interest income received (net of withholding tax) 3,254,942 6,931,996 Capital gain tax paid (1,378) Payments on purchase of financial assets at fair value through profit or loss (46,764,830) (53,984,182) Proceeds from sale of financial assets at fair value through profit or loss 38,049,313 47,698,319 Net cash from/(used in) operating activities (6,632,793) (2,800,003) 26

29 BOCIP HK Dollar Money Market Fund 1/1/2019 1/1/2018 BOCIP China Value Fund 1/1/2019 1/1/2018 BOCIP Japan Small & Mid Cap Opp Fund 1/1/2019 1/1/ ,446 85,412 82,979,184 (174,481,463) 841,762 (6,349,829) (32,495,189) (56,316,432) (320,261) (470,563) (1,635) (202) (58,516) (44,115) (4,485) (2,853) (47,862) (72,814) (66,796,897) 192,687,069 (595,266) 6,697,570 2,810,366 4,799,050 32,026 47,056 4,949 12,396 (13,561,052) (33,355,891) (46,224) (78,619) 102 (15) (263,679) (600,331) 480 (497) 1,913 12,313,629 51,517, , ,087 1, ,516 44,115 4,485 2,853 (146,869,956) (769,768,460) (5,172,504) (3,904,787) 288,407, ,217,323 2,304,081 5,007,411 6,686 12, ,086, ,054,138 (2,631,317) 1,448,448 27

30 STATEMENT OF CASH FLOWS (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund 1/1/2019 1/1/2018 Cash flows from financing activities Proceeds from issue of units Payment on redemption of units Distribution to unitholders Net cash (used in)/from financing (Decrease)/Increase in cash and cash equivalents (6,632,793) (2,800,003) Cash and cash equivalents at the beginning of the year/period 17,537,374 20,337,377 Cash and cash equivalents at the end of the year/period 10,904,581 17,537,374 Analysis of balances of cash and cash equivalents: Bank Balance 5,663,325 11,555,730 Fixed deposits with original maturities of three months or less 5,241,256 5,981,644 10,904,581 17,537,374 28

31 BOCIP HK Dollar Money Market Fund 1/1/2019 1/1/2018 BOCIP China Value Fund 1/1/2019 1/1/2018 BOCIP Japan Small & Mid Cap Opp Fund 1/1/2019 1/1/ , , ,602, ,429, ,000 (608,844) (221,270,313) (526,022,080) (33,748,743) (80,312,243) (338,244) 604,800 (127,416,203) (172,904,499) 200,000 (331,558) 617,383 12,670,180 (2,850,361) (2,631,317) 1,648, , ,534 17,182,770 20,033,131 2,764,493 1,116, , ,917 29,852,950 17,182, ,176 2,764, , ,917 29,852,950 17,182, ,176 2,764, , ,917 29,852,950 17,182, ,176 2,764,493 29

32 STATEMENT OF CASH FLOWS (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Wealth Fund 1/1/2019 1/1/2018 Cash flows from operating activities (Decrease)/increase in net assets attributable to unitholders 3,128,179 (4,177,078) Adjustment for: Dividend income (339,154) (705,303) Interest income on bank deposit at fair value through profit or loss (2,790) (2,598) Interest income on financial assets at fair value through profit or loss Net losses/(gains) on financial assets at fair value through profit or loss (3,040,618) 4,563,899 Withholding tax 26,665 59,063 Value-added tax (227,718) (262,017) Decrease (increase) in management fee rebate receivables (Decrease) increase in accrued expenses and other payables (1,722) 498 Decrease (increase) in prepaid expenses and other receivables Increase in margin deposits Decrease (increase) in deposit paid Dividend income received (net of withholding tax) 171, ,368 Interest income received (net of withholding tax) 2,790 2,598 Capital gain tax paid Payments on purchase of financial assets at fair value through profit or loss (26,145,924) (41,252,540) Proceeds from sale of financial assets at fair value through profit or loss 25,852,024 42,035,929 Net cash from/(used in) operating activities (349,320) 1,190,836 30

33 BOCIP Flexi Income Fund 1/1/2019 1/1/2018 BOCIP China Health Care Fund 1/1/2019 1/1/2018 BOCIP Hong Kong Value Fund 1/1/2019 1/1/2018 3,233,052 (669,175) 318,192 (1,092,614) 1,010,464 (1,077,636) (17,063) (38,116) (250,022) (384,111) (23,560) (17,676) (302) (291) (197) (121) (2,855,770) (5,181,962) (1,473,489) 3,763,265 (329,972) 1,071,628 (784,896) 1,416,622 1,341 3,233 6,003 10,127 (1,119,767) (2,105,548) (27,804) (56,160) (18,648) (35,119) (207) (840) 2,102 (168) (71) (1,022) (265) 15,544 34, , ,984 2,778,140 4,690, (207,054,323) (519,621,063) (1,335,028) (2,465,407) (1,138,292) (2,785,255) 217,087, ,255,504 1,381,846 2,737, ,635 2,572,644 11,690,884 (6,781,721) 36, ,279 1, ,353 31

34 STATEMENT OF CASH FLOWS (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Wealth Fund 1/1/2019 1/1/2018 Cash flows from financing activities Proceeds from issue of units 565,420 1,270,451 Payment on redemption of units (79,180) Distribution to unitholders (587,515) (1,272,233) Net cash (used in)/from financing (22,095) (80,962) (Decrease)/Increase in cash and cash equivalents (371,415) 1,109,874 Cash and cash equivalents at the beginning of the year/period 1,779, ,659 Cash and cash equivalents at the end of the year/period 1,408,118 1,779,533 Analysis of balances of cash and cash equivalents: Bank Balance 1,408,118 1,779,533 Fixed deposits with original maturities of three months or less 1,408,118 1,779,533 32

35 BOCIP Flexi Income Fund 1/1/2019 1/1/2018 BOCIP China Health Care Fund 1/1/2019 1/1/2018 BOCIP Hong Kong Value Fund 1/1/2019 1/1/2018 2,278,899 3,007, , ,715 (88,980) (2,278,899) (4,527,145) (56,240) (194,672) (243,012) (497,778) (1,519,200) (56,240) (194,672) (682) (50,043) 11,690,884 (8,300,921) (19,278) 55, ,310 1,426,807 9,727, ,923 77, ,905 56,595 13,117,691 1,426, , , , ,905 13,117,691 1,426, , , , ,905 13,117,691 1,426, , , , ,905 33

36 STATEMENT OF CASH FLOWS (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund 1/1/2019 1/1/2018 Cash flows from operating activities (Decrease)/increase in net assets attributable to unitholders 917,246 (1,702,694) Adjustment for: Dividend income (480,886) (747,863) Interest income on bank deposit at fair value through profit or loss (382) (355) Interest income on financial assets at fair value through profit or loss Net losses/(gains) on financial assets at fair value through profit or loss (497,834) 2,345,140 Withholding tax 27,545 38,106 Value-added tax (34,311) (67,666) Decrease (increase) in management fee rebate receivables (Decrease) increase in accrued expenses and other payables (512) 617 Decrease (increase) in prepaid expenses and other receivables Increase in margin deposits Decrease (increase) in deposit paid Dividend income received (net of withholding tax) 264, ,757 Interest income received (net of withholding tax) Capital gain tax paid Payments on purchase of financial assets at fair value through profit or loss (3,215,969) (15,165,963) Proceeds from sale of financial assets at fair value through profit or loss 5,559,228 8,211,878 Net cash from/(used in) operating activities 2,572,847 (6,311,022) 34

37 BOCIP Shenzhen Growth Fund 1/1/2019 1/1/2018 BOCIP China-A Small and Mid Cap Fund A 1/1/2019 1/1/2018 BOCIP Asia Quality Equity Fund 1/1/2019 USD 22/12/2017 USD 1,519,035 (2,550,653) 1,714,686 (7,050,636) 186,797 (404,439) (85,979) (106,316) (215,072) (166,970) (71,964) (148,311) (35) (854) (531) (540) (206) (836) (1,454,118) 2,587,722 (1,716,133) 6,981,982 (123,925) 520,291 8,598 10,812 23,152 16,697 4,078 6,958 (12,499) (59,289) (193,898) (219,467) (5,220) (26,337) (26) 9 (202) 33,555 (22,050) (377) ,381 95, , ,273 65, , (393,023) (1,603,196) (34,751,075) (25,506,624) (596,627) (4,263,924) 415,459 1,152,616 24,778,240 25,520, , ,754 87,362 (413,713) (9,940,727) (77,047) 118,526 (3,406,471) 35

38 STATEMENT OF CASH FLOWS (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund 1/1/2019 1/1/2018 Cash flows from financing activities Proceeds from issue of units 5,646,388 Payment on redemption of units (2,070,293) (524,695) Distribution to unitholders Net cash (used in)/from financing (2,070,293) 5,121,693 (Decrease)/Increase in cash and cash equivalents 502,554 (1,189,329) Cash and cash equivalents at the beginning of the year/period 55,116 1,244,445 Cash and cash equivalents at the end of the year/period 557,670 55,116 Analysis of balances of cash and cash equivalents: Bank Balance 557,670 55,116 Fixed deposits with original maturities of three months or less 557,670 55,116 36

39 BOCIP Shenzhen Growth Fund 1/1/2019 1/1/2018 BOCIP China-A Small and Mid Cap Fund A 1/1/2019 1/1/2018 BOCIP Asia Quality Equity Fund 1/1/2019 USD 22/12/2017 USD 19, ,664 10,356, ,767 68,331 3,629,990 (19,773) (381,664) (196,763) (752,767) (68,331) (129,990) 10,159,378 3,500,000 87,362 (413,713) 218,651 (77,047) 118,526 93,529 8, ,218 5,018 82,065 93,529 95,867 8, ,669 5, ,055 93,529 95,867 8, ,669 5, ,055 93,529 95,867 8, ,669 5, ,055 93,529 37

40 DISTRIBUTION STATEMENT (UNAUDITED) FOR THE YEAR ENDED 28 JUNE 2019 BOCIP China Value Fund Amount transferred from statement of comprehensive income 33,748,743 80,312,243 Distribution to unitholders 33,748,743 80,312,243 Amount transferred to net assets attributable to unitholders BOCIP Hong Kong Value Fund Amount transferred from statement of comprehensive income 243, ,778 Distribution to unitholders 243, ,778 Amount transferred to net assets attributable to unitholders 38

41 BOCIP China Wealth Fund BOCIP Flexi Income Fund BOCIP China Health Care Fund 587,515 1,272,233 2,278,899 4,527,145 56, , ,515 1,272,233 2,278,899 4,527,145 56, ,672 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 19, , , ,767 68, ,990 19, , , ,767 68, ,990 39

42 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) AS AT 28TH JUNE 2019 BOCIP China Bond Fund % of net % of net asset value asset value Listed/Quoted Investments Equities China Hong Kong Indonesia Malaysia Philippines Singapore Korea Thailand United Kingdom United States of America Japan Fixed Rate Debt Securities China 93.30% 89.41% Hong Kong United States of America Real Estate Investment Trust Hong Kong Singapore Collective Investment Schemes Hong Kong Japan Foreign Currency Forward Contracts Total listed / quoted investments 93.30% 89.41% Other net assets 6.70% 10.59% Net asset at 28 June % % 40

43 BOCIP HK Dollar Money Market Fund % of net asset value % of net asset value BOCIP China Value Fund % of net % of net asset value asset value BOCIP Japan Small & Mid Cap Opp Fund % of net asset value % of net asset value 93.58% 94.50% 4.03% 3.58% 99.09% 91.69% 92.11% 87.02% 0.01% 0.18% -3.37% 92.11% 87.02% 97.61% 98.09% 99.27% 88.32% 7.89% 12.98% 2.39% 1.91% 0.73% 11.68% % % % % % % 41

44 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Wealth Fund % of net % of net asset value asset value Listed/Quoted Investments Equities China Hong Kong 87.13% 96.89% Indonesia Malaysia Philippines Singapore Korea Thailand United Kingdom United States of America 8.02% Japan Fixed Rate Debt Securities China Hong Kong United States of America Real Estate Investment Trust Hong Kong Singapore Collective Investment Schemes Hong Kong Japan Foreign Currency Forward Contracts Total listed / quoted investments 95.15% 96.89% Other net assets 4.85% 3.11% Net asset at 28 June % % 42

45 BOCIP Flexi Income Fund % of net asset value % of net asset value BOCIP China Health Care Fund % of net asset value % of net asset value BOCIP Hong Kong Value Fund % of net asset value % of net asset value 64.55% 62.52% 28.13% 32.35% 99.31% 98.57% 3.40% 80.14% 80.52% 17.81% 18.17% 97.95% 98.69% 96.08% 94.87% 99.31% 98.57% 2.05% 1.31% 3.92% 5.13% 0.69% 1.43% % % % % % % 43

46 STATEMENT OF MOVEMENTS IN PORTFOLIO HOLDINGS (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund % of net asset value % of net asset value Listed/Quoted Investments Equities China Hong Kong 91.66% 96.84% Indonesia Malaysia Philippines Singapore Korea Thailand United Kingdom United States of America Japan Fixed Rate Debt Securities China Hong Kong United States of America Real Estate Investment Trust Hong Kong 3.70% 2.85% Singapore Collective Investment Schemes Hong Kong Japan Foreign Currency Forward Contracts Total listed / quoted investments 95.36% 99.69% Other net assets 4.64% 0.31% Net asset at 28 June % % 44

47 BOCIP Shenzhen Growth Fund % of net asset value % of net asset value BOCIP China-A Small and Mid Cap Fund A % of net asset value % of net asset value BOCIP Asia Quality Equity Fund % of net asset value % of net asset value 98.69% 99.86% 99.17% 99.98% 40.85% 41.31% 2.18% 2.03% 3.04% 3.35% 0.27% 0.24% 10.32% 10.07% 10.78% 10.51% 6.61% 5.99% 4.14% 9.62% 19.71% 1.50% 1.31% 2.46% 2.13% 1.37% 98.69% 99.86% 99.17% 99.98% 93.14% 96.65% 1.31% 0.14% 0.83% 0.02% 6.86% 3.35% % % % % % % 45

48 PERFORMANCE TABLE (UNAUDITED) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund Net assets value attributable to Class A A Class A RMB Hedged Currency Class Units A Class C C 181,980, ,598,187 Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C BOCIP China Wealth Fund Net assets value attributable to Class A A 24,920,463 21,818,802 Class A RMB Hedged Currency Class Units A 40,178 35,755 Class C C Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C 46

49 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund 5,787,068 6,070,866 1,258,099,725 1,313,030,058 24,765,485 23,923,723 3,351,928 7,252, BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund 228,961, ,728,466 2,850,080 2,588,128 10,116,780 9,109,818 35,011 32,

50 PERFORMANCE TABLE (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund Net assets value attributable to Class A A 16,103,108 17,256,155 Class A RMB Hedged Currency Class Units A Class C C Net asset value per unit Class A A Class A RMB Hedged Currency Class Units (in ) A Class A RMB Hedged Currency Class Units (in RMB) A Class C C 48

51 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD 7,267,220 5,748,185 22,436,524 10,562,460 3,282,358 3,095,

52 PERFORMANCE RECORD (UNAUDITED) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP China Bond Fund Highest issue price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C Lowest redemption price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C BOCIP China Wealth Fund Highest issue price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C Lowest redemption price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C 50

53 BOCIP HK Dollar Money Market Fund BOCIP China Value Fund BOCIP Japan Small & Mid Cap Opp Fund BOCIP Flexi Income Fund BOCIP China Health Care Fund BOCIP Hong Kong Value Fund

54 PERFORMANCE RECORD (UNAUDITED) (continued) FOR THE YEAR ENDED 28TH JUNE 2019 BOCIP Hong Kong Low Volatility Equity Fund Highest issue price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C Lowest redemption price per unit Class A A Class A RMB Hedged Currency Class Units (in RMB) A Class A RMB Hedged Currency Class Units (in ) A Class C C 52

55 BOCIP Shenzhen Growth Fund BOCIP China-A Small and Mid Cap Fund A BOCIP Asia Quality Equity Fund USD USD

56 INVESTMENT PORTFOLIO (UNAUDITED) AS AT 28TH JUNE 2019 BOCIP China Bond Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Fixed Rate Debt Securities China AGRICULTURAL DEVELOPMENT BANK OF CHINA 2.79% A 27JUL ,000 11,378, % CHINA DEVELOPMENT BANK 3.88% A 19APR ,000 11,474, % CHINA GOVT BOND 2.9% S/A 05MAY ,000 11,087, % CHINA GOVT BOND 3.05% A 22OCT ,000 11,403, % CHINA GOVT BOND 3.1% A 28MAY ,000 11,423, % CHINA GOVT BOND 3.17% A 11OCT ,000 11,447, % CHINA GOVT BOND 3.19% A 11APR ,000 11,448, % CHINA GOVT BOND 3.6% A 06SEP ,000 11,621, % CHINA GOVT BOND 4.26% S/A 31JUL ,000 5,851, % CHINA GUANGDONG NUCLEAR POWER HLDG CORP 4.6% A 12MAY ,000 11,510, % CHINA PETROLEUM & CHEMICAL CORP 4.9% A 01JUN ,000 3,544, % CHINA RAILWAY CORP 4.53% A 05NOV ,000 11,823, % CHINA SOUTHERN POWER GRID CO LTD 3.53% A 11JAN ,000 11,371, % EXPORT-IMPORT BANK OF CHINA 3.85% A 26JAN ,000 11,448, % PETROCHINA CO LTD 3.85% A 12OCT ,000 11,461, % STATE GRID CORP OF CHINA 4.74% A 05FEB ,000 11,495, % 169,793, % TOTAL INVESTMENTS PORTFOLIO 169,793, % OTHER NET ASSETS 12,186, % TOTAL NET ASSESTS AS AT 28TH JUNE ,980, % TOTAL INVESTMENT, AT COST 177,003,430 Note: Investments are accounted for on a trade-date basis. 54

57 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP HK Dollar Money Market Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Collective Investment Scheme Hong Kong BOCHK MONEY MARKET FUND CLASS A A 444,806 5,330, % TOTAL INVESTMENTS PORTFOLIO 5,330, % OTHER NET ASSETS 456, % TOTAL NET ASSESTS AS AT 28TH JUNE ,787, % TOTAL INVESTMENT, AT COST 4,996,641 Note: Investments are accounted for on a trade-date basis. 55

58 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Value Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Equity Securities Hong Kong AAC TECHNOLOGIES HLDGS INC 287,500 12,750, % AGRICULTURAL BANK OF CHINA LTD-H 4,419,000 14,450, % ANGANG STEEL CO LTD-H 4,375,800 15,577, % ANHUI CONCH CEMENT CO LTD-H 671,000 32,845, % BANK OF CHINA LTD-H 16,787,000 55,397, % BANK OF COMMUNICATIONS CO LTD-H 9,370,000 55,564, % CGN POWER CO LTD-H 2,820,000 6,063, % CHINA BLUECHEMICAL LTD-H 1,128,000 2,402, % CHINA CINDA ASSET MANAGEMENT CO LTD-H 7,542,000 13,575, % CHINA COMMUNICATIONS CONSTRUCTION CO LTD-H 3,519,000 24,597, % CHINA CONSTRUCTION BANK CORP-H 10,381,000 69,864, % CHINA LIFE INSURANCE CO LTD-H 2,106,000 40,519, % CHINA MERCHANTS BANK CO LTD-H 1,623,000 63,215, % CHINA MOBILE LTD 269,000 19,139, % CHINA NATIONAL BUILDING MATERIAL CO LTD-H 7,100,000 48,635, % CHINA OILFIELD SERVICES LTD-H 888,000 6,864, % CHINA OVERSEAS LAND & INVESTMENT LTD 1,706,000 49,132, % CHINA PACIFIC INSURANCE (GROUP) CO-H 1,500,000 45,825, % CHINA PETROLEUM & CHEMICAL CORP-H 8,290,000 44,019, % CHINA POWER INTL DEVELOPMENT LTD 3,800,000 7,258, % CHINA RAILWAY CONSTRUCTION CORP LTD-H 2,479,500 23,753, % CHINA RAILWAY GROUP LTD-H 4,845,000 28,779, % CHINA RESOURCES LAND LTD 1,878,000 64,603, % CHINA STATE CONSTRUCTION INTL HLDGS LTD 804,000 6,448, % CHINA TELECOM CORP LTD-H 6,240,000 24,523, % CHINA UNICOM (HONG KONG) LTD 1,586,000 13,592, % CITIC LTD 1,500,000 16,890, % CITIC SECURITIES CO LTD-H 2,299,500 37,435, % CNOOC LTD 2,753,000 36,780, % COSCO SHIPPING ENERGY TRANSPORTATION CO LTD-H 1,074,000 4,961, % CRRC CORP LTD-H 830,000 5,419, % GUANGZHOU AUTOMOBILE GROUP CO LTD-H 2,342,000 19,532, % HAITONG SECURITIES CO LTD-H 3,240,800 28,389, % INDUSTRIAL & COMMERCIAL BK OF CHINA-H 11,968,000 68,217, % 56

59 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Value Fund (continued) Holding Fair Value % of net asset JIANGXI COPPER CO LTD-H 1,822,000 18,948, % KUNLUN ENERGY CO LTD 3,508,000 23,889, % LENOVO GROUP LTD 934,000 5,650, % MAANSHAN IRON & STEEL CO LTD-H 3,860,000 11,966, % PETROCHINA CO LTD-H 7,118,000 30,678, % PING AN INSURANCE GROUP CO OF CHINA LTD-H 569,000 53,372, % SINO BIOPHARMACEUTICAL LTD 2,384,000 19,048, % SINOTRUK (HONG KONG) LTD 730,000 9,869, % 1,180,447, % United States of America 58.COM INC-ADR 11,300 5,488, % BAIDU INC-ADR 17,200 15,770, % CTRIP.COM INTL LTD-ADR 27,500 7,929, % VIPSHOP HLDGS LTD-ADS 196,500 13,248, % YY INC-ADR 15,500 8,439, % 50,876, % Foreign currency forward contracts Buy CNY 2,790,000 Sell 3,163, ,790,0003,163, ,342 TOTAL INVESTMENTS PORTFOLIO 1,231,331, % OTHER NET ASSETS 30,120, % TOTAL NET ASSESTS AS AT 28TH JUNE ,261,451, % TOTAL INVESTMENT, AT COST 1,261,072,077 Note: Investments are accounted for on a trade-date basis. 57

60 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Japan Small & Mid Cap Opportunity Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Equity Securities Japan ALPS ALPINE CO LTD 7, , % BANDAI NAMCO HLDGS INC 5,000 1,896, % DAIWA HOUSE INDUSTRY CO LTD 4, , % DENA CO LTD 4, , % FUKUSHIMA INDUSTRIES CORP 4,700 1,208, % GMO INTERNET INC 7,800 1,104, % HASEKO CORP 12, , % M3 INC 9,200 1,313, % METAWATER CO LTD 5,600 1,354, % OMRON CORP 2,800 1,141, % PAN PACIFIC INTL HLDGS CORP 2,500 1,239, % PERSOL HLDGS CO LTD 7,600 1,394, % POLA ORBIS HLDGS INC 4, , % RYOHIN KEIKAKU CO LTD , % SHIONOGI & CO LTD 3,300 1,485, % SHIP HEALTHCARE HLDGS INC 2, , % SOLASTO CORP 18,000 1,221, % TAISEI CORP 3, , % TORAY INDUSTRIES INC 21,700 1,289, % TSURUHA HLDGS INC 2,000 1,444, % YAMAHA MOTOR CO LTD 7, , % 24,540, % 58

61 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Japan Small & Mid Cap Opportunity Fund (continued) Holding Fair Value % of net asset Foreign currency forward contracts Buy 22,265, Sell JPY305,700, ,265, ,700, , % TOTAL INVESTMENTS PORTFOLIO 24,584, % OTHER NET ASSETS 181, % TOTAL NET ASSESTS AS AT 28TH JUNE ,765, % TOTAL INVESTMENT, AT COST 22,512,549 Note: Investments are accounted for on a trade-date basis. 59

62 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Wealth Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Equity Securities Hong Kong ANHUI CONCH CEMENT CO LTD-H 26,000 1,272, % BANK OF CHINA LTD-H 150, , % CHINA COMMUNICATIONS CONSTRUCTION CO LTD-H 100, , % CHINA CONCH VENTURE HLDGS LTD 43,000 1,186, % CHINA CONSTRUCTION BANK CORP-H 332,000 2,234, % CHINA GAS HLDGS LTD 66,000 1,917, % CHINA LIFE INSURANCE CO LTD-H 92,000 1,770, % CHINA PACIFIC INSURANCE (GROUP) CO-H 16, , % CHINA RAILWAY GROUP LTD-H 70, , % CHINA RESOURCES LAND LTD 30,000 1,032, % CHINA VANKE CO LTD-H 60,000 1,758, % CITIC SECURITIES CO LTD-H 25, , % CSPC PHARMACEUTICAL GROUP LTD 26, , % INDUSTRIAL & COMMERCIAL BK OF CHINA-H 120, , % LI NING CO LTD 56,000 1,031, % PICC PROPERTY & CASUALTY CO LTD-H 42, , % PING AN INSURANCE GROUP CO OF CHINA LTD-H 22,000 2,063, % SHENZHOU INTL GROUP HLDGS LTD 5, , % SINO BIOPHARMACEUTICAL LTD 120, , % TENCENT HLDGS LTD 6,000 2,115, % 21,749, % 60

63 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Wealth Fund (continued) Holding Fair Value % of net asset United States of America ALIBABA GROUP HLDG LTD-SPONSORED ADR 1,170 1,548, % NEW ORIENTAL EDUCATION & TECHNOLOGY-ADR , % 2,001, % Foreign currency forward contracts Buy CNY31,000 Sell 35, ,00035, TOTAL INVESTMENTS PORTFOLIO 23,750, % OTHER NET ASSETS 1,209, % TOTAL NET ASSESTS AS AT 28TH JUNE ,960, % TOTAL INVESTMENT, AT COST 21,575,681 Note: Investments are accounted for on a trade-date basis. 61

64 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Flexi Income Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Fixed Rate Debt Securities Hong Kong AIA GROUP LTD 2.95% Q 16JUL2022 4,000,000 4,070, % BANK OF CHINA LTD/HONG KONG 3.3% S/A 20NOV ,000,000 10,136, % BANK OF COMMUNICATIONS CO LTD/HONG KONG 2.08% A 20JUL2020 FXCD 10,000,000 9,977, % BANK OF COMMUNICATIONS CO LTD/HONG KONG 2.58% A 29JAN2021 FXCD 5,000,000 5,027, % BANK OF COMMUNICATIONS CO LTD/HONG KONG 2.9% A 06JUL2020 FXCD 5,000,000 5,029, % CATHAY PACIFIC MTN FINANCING LTD 2.35% A 23SEP2021 2,000,000 1,961, % CDBL FUNDING 2 3.2% Q 23JAN2021 5,000,000 5,053, % CHAMPION MTN LTD 2.85% A 29MAY2020 3,000,000 3,005, % CHINA MERCHANTS BANK CO LTD/HONG KONG 2.78% A 19NOV2019 FXCD 10,000,000 10,003, % DAH SING BANK LTD 2.35% A 09JAN2020 FXCD 10,000,000 9,993, % HAITONG INTL SECURITIES GROUP LTD 2.65% A 09APR ,000,000 9,984, % HENDERSON LAND MTN LTD 2.8% Q 25OCT2020 5,000,000 5,014, % HENDERSON LAND MTN LTD 3.092% A 22JAN2025 5,000,000 5,102, % HK GOVT 0.97% S/A 20JUN ,000,000 9,846, % HK GOVT 1.7% S/A 24MAY ,000,000 10,026, % HLP FINANCE LTD 4.75% S/A 30JAN2024 6,000,000 6,509, % HONG KONG MORTGAGE CORP LTD 1.78% A 02MAR ,000,000 9,987, % HONG KONG MORTGAGE CORP LTD 1.96% A 16MAR2020 2,500,000 2,499, % HONG KONG T-BILLS 0% A 18SEP ,000,000 9,958, % HONG KONG T-BILLS 0% A 23OCT ,000,000 9,942, % HONG KONG T-BILLS 0% A 27NOV ,000,000 9,926, % HONG KONG T-BILLS 0% A 31JUL2019 5,000,000 4,992, % K WAH INTL FINANCIAL SERVICES LTD 4.38% Q 05JUL2021 5,000,000 5,085, % MUFG BANK LTD/HONG KONG 2.42% A 09MAY2022 FXCD 5,000,000 5,024, % SUN HUNG KAI PROPERTIES CAPITAL MARKET LTD 2.75% Q 30APR2021 4,000,000 4,054, % WHARF FINANCE BVI LTD 3.3% Q 07SEP2023 6,000,000 6,213, % 62

65 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Flexi Income Fund (continued) Holding Fair Value % of net asset WHARF FINANCE NO 1 LTD 4.45% Q 16MAR2020 5,000,000 5,060, % 183,487, % United States of America BEIJING CAPITAL POLARIS INVESTMENT CO LTD 4.25% S/A 26MAR ,000 3,970, % CHINA AOYUAN PROPERTY GROUP LTD 6.35% S/A 11JAN ,000 2,360, % CHINALCO CAPITAL HLDGS LTD 4% S/A 25AUG ,000 1,555, % CHINALCO CAPITAL HLDGS LTD 4.25% S/A 21APR ,000 1,553, % EMPEROR INTL HLDGS LTD 5% S/A 30MAR ,000 2,290, % ESTATE SKY LTD 4.875% S/A 08AUG ,000 3,864, % FITA INTL LTD 7% S/A 10FEB ,000 4,003, % FUTURE LAND DEVELOPMENT HLDGS LTD 5% S/A 16FEB ,000 1,562, % HPHT FINANCE 15 LTD 2.875% S/A 17MAR2020 REGS 500,000 3,915, % KUNLUN ENERGY CO LTD 2.875% S/A 13MAY2020 REGS 500,000 3,912, % SHUI ON DEVELOPMENT HLDG LTD 5.7% S/A 06FEB ,000 3,953, % SUN HUNG KAI & CO BVI LTD 4.75% S/A 31MAY ,000 3,906, % VANKE REAL ESTATE HONG KONG CO LTD 3.95% S/A 23DEC ,000 3,926, % 40,774, % TOTAL INVESTMENTS PORTFOLIO 224,262, % OTHER NET ASSETS 4,699, % NET ASSESTS AS AT 28TH JUNE ,961, % TOTAL INVESTMENT, AT COST 223,228,105 Note: Investments are accounted for on a trade-date basis. 63

66 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Health Care Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Equity Securities China AIER EYE HOSPITAL GROUP CO LTD-A 3, , % BEIJING TIANTAN BIOLOGICAL PRODUCTS CORP LTD-A 1,200 34, % BEIJING TONGRENTANG CO LTD-A 1,700 56, % CHINA NATIONAL MEDICINES CORP LTD-A , % CHINA RESOURCES DOUBLE-CRANE PHARMACEUTICAL CO LTD-A 1,680 24, % CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO LTD-A 1,100 53, % DASHENLIN PHARMACEUTICAL GROUP CO LTD-A 1,430 73, % DONG-E E-JIAO CO LTD-A , % GUANGZHOU BAIYUNSHAN PHARMACEUTICAL HLDGS CO LTD-A , % HANGZHOU TIGERMED CONSULTING CO LTD-A , % HENAN LINGRUI PHARMACEUTICAL CO LTD-A 3,900 37, % HUADONG MEDICINE CO LTD-A 1,840 54, % HUBEI JUMPCAN PHARMACEUTICAL CO LTD-A , % JIANGSU HENGRUI MEDICINE CO LTD-A 3, , % JINYU BIO-TECHNOLOGY CO LTD-A 2,460 43, % JOINTOWN PHARMACEUTICAL GROUP CO LTD-A 1,300 18, % LEPU MEDICAL TECHNOLOGY BEIJING CO LTD-A 2,100 54, % MEINIAN ONEHEALTH HEALTHCARE HLDGS CO LTD-A 3,618 51, % SHANGHAI FOSUN PHARMACEUTICAL GROUP CO LTD-A 2,300 66, % SHANGHAI PHARMACEUTICALS HLDG CO LTD-A 2,315 47, % SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD-A , % SICHUAN KELUN PHARMACEUTICAL CO LTD-A 1,800 60, % TASLY PHARMACEUTICAL GROUP CO LTD-A 1,740 32, % TONGHUA DONGBAO PHARMACEUTICAL CO LTD-A 3,755 65, % TOPCHOICE MEDICAL INVESTMENT CORP-A , % WALVAX BIOTECHNOLOGY CO LTD-A 2,300 74, % YUNNAN BAIYAO GROUP CO LTD-A 1,000 94, % ZHANGZHOU PIENTZEHUANG PHARMACEUTICAL CO LTD-A , % ZHEJIANG CONBA PHARMACEUTICAL CO LTD-A 2,750 20, % ZHEJIANG HUAHAI PHARMACEUTICAL CO LTD-A 1,344 21, % 64 1,839, %

67 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP China Health Care Fund (continued) Holding Fair Value % of net asset Hong Kong 3SBIO INC 4,000 53, % ALIBABA HEALTH INFORMATION TECHNOLOGY LTD 10,000 74, % CHINA MEDICAL SYSTEM HLDGS LTD 4,000 28, % CHINA RESOURCES PHARMACEUTICAL GROUP LTD 2,500 22, % CHINA TRADITIONAL CHINESE MEDICINE CO LTD 4,000 15, % CSPC PHARMACEUTICAL GROUP LTD 12, , % GENSCRIPT BIOTECH CORP 2,000 39, % LUYE PHARMA GROUP LTD 6,000 33, % SHANDONG WEIGAO GROUP MEDICAL POLYMER CO LTD-H 8,000 56, % SIHUAN PHARMACEUTICAL HLDGS GROUP LTD 14,000 24, % SINO BIOPHARMACEUTICAL LTD 14, , % SINOPHARM GROUP CO LTD-H 3,200 88, % SSY GROUP LTD 4,000 28, % WUXI BIOLOGICS CAYMAN INC 1,000 70, % 802, % United States of America BEIGENE LTD-ADR , % 96, % TOTAL INVESTMENTS PORTFOLIO 2,738, % OTHER NET ASSETS 111, % NET ASSESTS AS AT 28TH JUNE ,850, % TOTAL INVESTMENT, AT COST 2,779,235 Note: Investments are accounted for on a trade-date basis. 65

68 INVESTMENT PORTFOLIO (UNAUDITED) (continued) AS AT 28TH JUNE 2019 BOCIP Hong Kong Value Fund Holding Fair Value % of net asset Listed / Quoted Investments (%) (%) Equity Securities Hong Kong AIA GROUP LTD 6, , % BANK OF CHINA LTD-H 71, , % BOC AVIATION LTD 3, , % BOC HONG KONG (HLDGS) LTD 12, , % CHINA CONSTRUCTION BANK CORP-H 30, , % CHINA LIFE INSURANCE CO LTD-H 5,000 96, % CHINA LITERATURE LTD 3, , % CHINA MACHINERY ENGINEERING CORP-H 40, , % CHINA MOBILE LTD 2, , % CHINA OVERSEAS LAND & INVESTMENT LTD 16, , % CHINA RESOURCES LAND LTD 8, , % CHINA TELECOM CORP LTD-H 46, , % CITIC TELECOM INTL HLDGS LTD 41, , % CK ASSET HLDGS LTD 7, , % CK HUTCHISON HLDGS LTD 4, , % CK INFRASTRUCTURE HLDGS LTD 4, , % CLP HLDGS LTD 4, , % HANG SENG BANK LTD 1, , % HENDERSON LAND DEVELOPMENT CO LTD 11, , % HSBC HLDGS PLC 12, , % INDUSTRIAL & COMMERCIAL BK OF CHINA-H 51, , % MANULIFE FINANCIAL CORP , % MTR CORP LTD 8, , % NEW WORLD DEVELOPMENT CO LTD 34, , % NWS HLDGS LTD 16, , % PCCW LTD 46, , % PETROCHINA CO LTD-H 32, , % PING AN INSURANCE GROUP CO OF CHINA LTD-H 2, , % POWER ASSETS HLDGS LTD 3, , % 66