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AMUNDI ETF Series Annual Financial Statements Summary (Year Ended 30 September 2021)

Core Information

• Sub-Funds:

  • AMUNDI Hang Seng HK 35 Index ETF (Stock code: 3012 (HKD)/83012 (RMB))
  • AMUNDI FTSE China A50 Index ETF (Stock code: 2843 (HKD)/82843 (RMB))

• Key Entities:

  • Manager: Amundi Hong Kong Limited
  • Trustee: BOCI-Prudential Trustee Limited
  • Custodians: Bank of China (Hong Kong) Limited, Bank of China Limited
  • Registrar: Computershare Hong Kong Investor Services Limited
  • Conversion Agent: HK Conversion Agency Services Limited
  • Auditor: PricewaterhouseCoopers
  • Legal Counsel: Simmons & Simmons

Annual Financial Highlights

Financial Position

• AMUNDI Hang Seng HK 35 Index ETF:

  • Total Assets (30 September 2021): HK$21,155,461
  • Total Liabilities (30 September 2021): HK$105,077
  • Net Assets Attributable to Unitholders (30 September 2021): HK$21,050,384

• AMUNDI FTSE China A50 Index ETF:

  • Total Assets (30 September 2021): RMB229,075,421
  • Total Liabilities (30 September 2021): RMB151,399,718
  • Net Assets Attributable to Unitholders (30 September 2021): RMB77,675,703

Comprehensive Income

• AMUNDI Hang Seng HK 35 Index ETF:

  • Total Net Income (2021): HK$11,639,937
  • Total Operating Expenses (2021): HK$155,311
  • Increase in Net Assets from Operations (2021): HK$11,484,626

• AMUNDI FTSE China A50 Index ETF:

  • Total Net Income (2021): RMB8,392,949
  • Total Operating Expenses (2021): RMB1,309,786
  • Increase in Net Assets from Operations (2021): RMB6,565,172

Cash Flows

• AMUNDI Hang Seng HK 35 Index ETF:

  • Net Cash Generated from Operating Activities: HK$1,343,990
  • Net Cash Used in Financing Activities: HK$1,461,951
  • Net (Decrease)/Increase in Cash and Cash Equivalents: HK$-117,961

• AMUNDI FTSE China A50 Index ETF:

  • Net Cash Generated from Operating Activities: RMB1,343,990
  • Net Cash Used in Financing Activities: RMB-1,461,951
  • Net (Decrease)/Increase in Cash and Cash Equivalents: RMB-117,961

Key Audit Matters

• Existence and Valuation of Financial Assets at Fair Value through Profit or Loss:

  • The auditor confirmed the existence and valuation of these assets through direct confirmations from custodians and comparison with external pricing sources.
  • No material exceptions were found in the testing.

• Independence and Auditor's Responsibility:

  • The auditor is independent and has fulfilled all ethical responsibilities.
  • The audit was conducted in accordance with International Standards on Auditing (ISAs).
  • The auditor expressed an opinion that the financial statements give a true and fair view of the financial position and performance of the Sub-Funds in accordance with IFRSs.

Management and Trustee Reports

• Manager's Report:

  • The year was marked by continued focus on the impact of the pandemic, although less severe than in 2020.
  • Global growth and inflation were key factors affecting markets.
  • The Fed indicated a potential reduction in bond purchases starting in November 2021, with no immediate rate hikes expected.
  • China's regulatory environment, including the "Double Reduction" policy and Evergrande's potential default, created uncertainty in the market.

• Trustee's Report:

  • The Trustee confirmed that the Manager managed the Sub-Funds in accordance with the Trust Deed and SFC Code.
  • The financial statements were properly prepared in all material respects.

Notes to the Financial Statements

• The notes on pages 17–39 are an integral part of the financial statements and include significant accounting policies and other explanatory information.

Performance and Unit Activity

• AMUNDI Hang Seng HK 35 Index ETF:

  • Units Outstanding at the Beginning of the Year: 2,500,000
  • Units Issued: -
  • Units Redeemed: (1,500,000)
  • Units Outstanding at the End of the Year: 1,000,000

• AMUNDI FTSE China A50 Index ETF:

  • Units Outstanding at the Beginning of the Year: 15,000,000
  • Units Issued: 1,500,000
  • Units Redeemed: (11,500,000)
  • Units Outstanding at the End of the Year: 5,000,000

Summary of Key Points

• The financial statements reflect the financial position and performance of the Sub-Funds for the year ended 30 September 2021.
• The audit confirmed the financial statements to be free from material misstatement and presented fairly in accordance with IFRSs.
• The Sub-Funds experienced changes in net assets due to unit creation, redemption, and distributions.
• The audit focused on the valuation and existence of financial assets, which were the primary components of the Sub-Funds' net assets.
• The report emphasized the importance of not relying solely on the information for investment decisions.