# Barings Hong Kong China Fund
#### Appendix 4 – Significant Changes in Portfolio Composition (Unaudited) (continued)
For the financial year ended 30 April 2020
|  | Cost |  | Proceeds |
| --- | --- | --- | --- |
| Purchases | US$'000 | Sales | US$'000 |
| Northern Trust Global Funds - US Dollar Fund | 462,240 | Northern Trust Global Funds - US Dollar Fund | 464,718 |
| Meituan Dianping | 34,100 | China Construction Bank | 111,919 |
| JD.com ADR | 30,550 | China Mobile | 53,192 |
| iQiyi | 28,872 | Alibaba ADR | 39,631 |
| Luxshare Precision Industry | 24,117 | Tencent | 33,833 |
| LONGi Green Energy Technology | 23,907 | TAL Education ADR | 30,494 |
| Hansoh Pharmaceutical | 22,761 | Ping An Insurance | 29,800 |
| China Mobile | 22,430 | China Merchants Bank | 28,843 |
| GDS Holdings Ltd | 22,135 | JD.com ADR | 23,053 |
| Budweiser Brewing | 22,056 | Lenovo | 22,513 |
| MediaTek | 20,908 | Hong Kong Exchanges & Clearing | 22,337 |
| ASM Pacific Technology | 20,527 | Galaxy Entertainment | 20,148 |
| Weichai Power | 20,073 | ASM Pacific Technology | 19,383 |
| China Aoyuan Group | 19,129 | Sun Art Retail | 18,734 |
| Bilibili ADR | 18,342 | Pinduoduo | 18,272 |
| Glodon | 18,254 | Bilibili ADR | 17,192 |
| TAL Education ADR | 17,973 | LONGi Green Energy Technology | 17,173 |
| CSPC Pharmaceutical | 16,788 | Trip.com Group ADR | 16,955 |
| Unimicron Technology | 16,745 | CNOOC | 16,545 |
| Sunny Optical Technology | 15,275 | Sunac China | 16,170 |
| Xiaomi | 15,098 | ASE Technology | 15,768 |
| STO Express | 14,501 | Ping An Bank | 15,607 |
| BYD Company | 14,491 |  |  |
| Beijing Thunisoft | 13,832 |  |  |

Listed above are aggregate purchases of securities exceeding one percent of the total value of purchases for the financial year ended 30 April 2020 and aggregate sales of securities greater than one percent of the total value of sales for the financial year ended 30 April 2020.
At a minimum, the largest 20 purchases and sales are disclosed, if applicable.

Translation (ENFR, 2020-04-30):
# Barings Hong Kong China Fund
Annexe 4 – Changements importants dans la composition du portefeuille (données non auditées) (suite)
	Pour l’exercice clos le 30 avril 2020	
|  | Coût |  | Produit |
| --- | --- | --- | --- |
| Achats | 000 USD | Ventes | 000 USD |
| Northern Trust Global Funds - US Dollar Fund | 462 240 | Northern Trust Global Funds - US Dollar Fund | 464 718 |
| Meituan Dianping | 34 100 | China Construction Bank | 111 919 |
| JD.com ADR | 30 550 | China Mobile | 53 192 |
| iQiyi | 28 872 | Alibaba ADR | 39 631 |
| Luxshare Precision Industry | 24 117 | Tencent | 33 833 |
| LONGi Green Energy Technology | 23 907 | TAL Education ADR | 30 494 |
| Hansoh Pharmaceutical | 22 761 | Ping An Insurance | 29 800 |
| China Mobile | 22 430 | China Merchants Bank | 28 843 |
| GDS Holdings Ltd | 22 135 | JD.com ADR | 23 053 |
| Budweiser Brewing | 22 056 | Lenovo | 22 513 |
| MediaTek | 20 908 | Hong Kong Exchanges & Clearing | 22 337 |
| ASM Pacific Technology | 20 527 | Galaxy Entertainment | 20 148 |
| Weichai Power | 20 073 | ASM Pacific Technology | 19 383 |
| China Aoyuan Group | 19 129 | Sun Art Retail | 18 734 |
| Bilibili ADR | 18 342 | Pinduoduo | 18 272 |
| Glodon | 18 254 | Bilibili ADR | 17 192 |
| TAL Education ADR | 17 973 | LONGi Green Energy Technology | 17 173 |
| CSPC Pharmaceutical | 16 788 | Trip.com Group ADR | 16 955 |
| Unimicron Technology | 16 745 | CNOOC | 16 545 |
| Sunny Optical Technology | 15 275 | Sunac China | 16 170 |
| Xiaomi | 15 098 | ASE Technology | 15 768 |
| STO Express | 14 501 | Ping An Bank | 15 607 |
| BYD Company | 14 491 |  |  |
| Beijing Thunisoft | 13 832 |  |  |

La liste ci-dessus rassemble le total des achats de titres dépassant 1% de la valeur totale des achats durant l’exercice clos le 30 avril 2020 et le total des ventes de titres dépassant 1% de la valeur totale des ventes durant l’exercice clos le 30 avril 2020.
Au minimum, les vingt achats et ventes les plus importants sont indiqués, le cas échéant.