# EDGAR Filing Document

**Accession Number:** 0000923184
**File Stem:** 0000940400-25-009744
**Filing Date:** 2025-11
**Character Count:** 36151
**Document Hash:** e62de56b6ae8632f2a4d874ba285dec3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009744.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MATTHEWS INTERNATIONAL FUNDS
- **CENTRAL INDEX KEY:** 0000923184

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08510
- **FILM NUMBER:** 251513058

**BUSINESS ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER
- **STREET 2:** SUITE 550
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 8007898742

**MAIL ADDRESS:**
- **STREET 1:** FOUR EMBARCADERO CENTER
- **STREET 2:** SUITE 550
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

## Series and Classes Contracts Data

### Matthews China Discovery Active ETF (Series ID: S000083829)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000247850 | Matthews China Discovery Active ETF | MCHS            |

## Nport-Ex

Matthews China Discovery Active ETFSeptember 30, 2025

*Schedule of Investments (unaudited)*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES: 95.6%** | **COMMON EQUITIES: 95.6%** | |
|  | **Shares** | <br>**Value** |
| **Consumer Discretionary: 23.7%** | **Consumer Discretionary: 23.7%** | **Consumer Discretionary: 23.7%** |
| **Hotels, Restaurants & Leisure: 8.5%** | **Hotels, Restaurants & Leisure: 8.5%** | **Hotels, Restaurants & Leisure: 8.5%** |
| Atour Lifestyle Holdings, Ltd. ADR | 2332 | $87660 |
| Tongcheng Travel Holdings, Ltd.<sup>a</sup> <br>| 25200 | 74495 |
| DPC Dash, Ltd.<sup>b</sup> <br>| 5600 | 62619 |
| Chagee Holdings, Ltd. ADR<sup>b</sup> <br>| 698 | 11552 |
|  |  | **236326** |
| **Automobile Components: 8.0%** | **Automobile Components: 8.0%** | **Automobile Components: 8.0%** |
| Zhejiang Shuanghuan Driveline Co., Ltd. A Shares | 12500 | 87357 |
| Minth Group, Ltd. | 20000 | 86936 |
| CALB Group Co., Ltd.<sup>a,b,c</sup> <br>| 10600 | 48311 |
|  |  | **222604** |
| **Textiles, Apparel & Luxury Goods: 3.5%** | **Textiles, Apparel & Luxury Goods: 3.5%** | **Textiles, Apparel & Luxury Goods: 3.5%** |
| Crystal International Group, Ltd.<sup>a,c</sup> <br>| 63000 | 54737 |
| Xtep International Holdings, Ltd. | 36000 | 27022 |
| Samsonite Group SA<sup>a,c</sup> <br>| 6900 | 14775 |
|  |  | **96534** |
| **Household Durables: 2.1%** | **Household Durables: 2.1%** | **Household Durables: 2.1%** |
| Hisense Home Appliances Group Co., Ltd. H Shares | 11000 | 34327 |
| Jason Furniture Hangzhou Co., Ltd. A Shares | 5700 | 24128 |
|  |  | **58455** |
| **Specialty Retail: 0.8%** | **Specialty Retail: 0.8%** | **Specialty Retail: 0.8%** |
| Eternal Beauty Holdings, Ltd.<sup>b</sup> <br>| 88000 | **22621** |
| **Leisure Products: 0.8%** | **Leisure Products: 0.8%** | **Leisure Products: 0.8%** |
| Dream International, Ltd. | 14000 | **22600** |
| **Total Consumer Discretionary** |  | **659140** |
| **Information Technology: 18.5%** | **Information Technology: 18.5%** | **Information Technology: 18.5%** |
| **Electronic Equipment, Instruments & Components: 8.9%** | **Electronic Equipment, Instruments & Components: 8.9%** | **Electronic Equipment, Instruments & Components: 8.9%** |
| Wasion Holdings, Ltd. | 46000 | 74968 |
| FIT Hon Teng, Ltd.<sup>a,b,c</sup> <br>| 69000 | 56581 |
| Kingboard Laminates Holdings, Ltd. | 32000 | 50712 |
| Xiamen Faratronic Co., Ltd. A Shares | 2800 | 49656 |
| Karrie International Holdings, Ltd. | 50000 | 15488 |
|  |  | **247405** |
| **Semiconductors & Semiconductor Equipment: 5.0%** | **Semiconductors & Semiconductor Equipment: 5.0%** | **Semiconductors & Semiconductor Equipment: 5.0%** |
| ACM Research, Inc. Class A<sup>b</sup> <br>| 2724 | 106590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jiangsu Leadmicro Nano Technology Co., Ltd. A <br> Shares<br>| 4136 | 34046 |
|  |  | **140636** |
| **Software: 3.0%** | **Software: 3.0%** | **Software: 3.0%** |
| Kingdee International Software Group Co., Ltd.<sup>b</sup> <br>| 16000 | 36029 |
| ZWSOFT Co., Ltd. Guangzhou A Shares | 2489 | 26523 |
| Tuya, Inc. ADR | 8553 | 21126 |
|  |  | **83678** |
| **IT Services: 1.6%** | **IT Services: 1.6%** | **IT Services: 1.6%** |
| SUNeVision Holdings, Ltd. | 50000 | **44149** |
| **Total Information Technology** |  | **515868** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Industrials: 17.7%** | **Industrials: 17.7%** | **Industrials: 17.7%** |
| **Electrical Equipment: 7.3%** | **Electrical Equipment: 7.3%** | **Electrical Equipment: 7.3%** |
| Hongfa Technology Co., Ltd. A Shares | 15360 | $56879 |
| Hongfa Technology Co., Ltd. A Shares | 13860 | 51260 |
| Shenzhen Megmeet Electrical Co., Ltd. A Shares | 3500 | 38043 |
| Xuji Electric Co., Ltd. A Shares | 8200 | 30522 |
| Kehua Data Co., Ltd. A Shares | 2700 | 27085 |
|  |  | **203789** |
| **Marine Transportation: 2.2%** | **Marine Transportation: 2.2%** | **Marine Transportation: 2.2%** |
| SITC International Holdings Co., Ltd. | 16000 | **61611** |
| **Commercial Services & Supplies: 2.0%** | **Commercial Services & Supplies: 2.0%** | **Commercial Services & Supplies: 2.0%** |
| China Everbright Environment Group, Ltd. | 95000 | **54213** |
| **Ground Transportation: 1.8%** | **Ground Transportation: 1.8%** | **Ground Transportation: 1.8%** |
| Full Truck Alliance Co., Ltd. ADR | 3888 | **50427** |
| **Machinery: 1.7%** | **Machinery: 1.7%** | **Machinery: 1.7%** |
| China Yuchai International, Ltd. | 745 | 30821 |
| Precision Tsugami China Corp., Ltd.<sup>a</sup> <br>| 4000 | 16544 |
|  |  | **47365** |
| **Construction & Engineering: 1.4%** | **Construction & Engineering: 1.4%** | **Construction & Engineering: 1.4%** |
| Sinopec Engineering Group Co., Ltd. H Shares | 44500 | **38664** |
| **Professional Services: 1.3%** | **Professional Services: 1.3%** | **Professional Services: 1.3%** |
| Kanzhun, Ltd. ADR<sup>b</sup> <br>| 1507 | **35204** |
| **Total Industrials** |  | **491273** |
| **Health Care: 7.8%** | **Health Care: 7.8%** | **Health Care: 7.8%** |
| **Pharmaceuticals: 2.7%** | **Pharmaceuticals: 2.7%** | **Pharmaceuticals: 2.7%** |
| HUTCHMED China, Ltd.<sup>b</sup> <br>| 14500 | 46815 |
| Grand Pharmaceutical Group, Ltd. | 25500 | 27924 |
|  |  | **74739** |
| **Health Care Equipment & Supplies: 2.6%** | **Health Care Equipment & Supplies: 2.6%** | **Health Care Equipment & Supplies: 2.6%** |
| Shanghai Conant Optical Co., Ltd. H Shares | 5100 | 27124 |
| AK Medical Holdings, Ltd.<sup>a,c</sup> <br>| 34000 | 24122 |
| Microport Scientific Corp.<sup>b</sup> <br>| 11600 | 20560 |
|  |  | **71806** |
| **Biotechnology: 1.9%** | **Biotechnology: 1.9%** | **Biotechnology: 1.9%** |
| Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.<sup>b</sup> <br>| 800 | **52851** |
| **Health Care Technology: 0.6%** | **Health Care Technology: 0.6%** | **Health Care Technology: 0.6%** |
| Medlive Technology Co., Ltd.<sup>a,c</sup> <br>| 10000 | **16786** |
| **Total Health Care** |  | **216182** |
| **Communication Services: 6.8%** | **Communication Services: 6.8%** | **Communication Services: 6.8%** |
| **Entertainment: 5.9%** | **Entertainment: 5.9%** | **Entertainment: 5.9%** |
| NetEase Cloud Music, Inc.<sup>a,b,c</sup> <br>| 3400 | 113532 |
| Damai Entertainment Holdings, Ltd.<sup>b</sup> <br>| 370000 | 50884 |
|  |  | **164416** |
| **Interactive Media & Services: 0.9%** | **Interactive Media & Services: 0.9%** | **Interactive Media & Services: 0.9%** |
| Meitu, Inc.<sup>a,c</sup> <br>| 21000 | **25020** |
| **Total Communication Services** |  | **189436** |

---

**1**

------

Matthews China Discovery Active ETFSeptember 30, 2025

*Schedule of Investments (unaudited) (continued)*

---

| | | |
|:---|:---|:---|
| **COMMON EQUITIES** *(continued)* | **COMMON EQUITIES** *(continued)* | |
|  | **Shares** | <br>**Value** |
| **Materials: 5.8%** | **Materials: 5.8%** | **Materials: 5.8%** |
| **Metals & Mining: 3.0%** | **Metals & Mining: 3.0%** | **Metals & Mining: 3.0%** |
| China Gold International Resources Corp., Ltd. | 3100 | $55303 |
| MMG, Ltd.<sup>b</sup> <br>| 32800 | 28456 |
|  |  | **83759** |
| **Chemicals: 2.8%** | **Chemicals: 2.8%** | **Chemicals: 2.8%** |
| Sunresin New Materials Co., Ltd. A Shares | 6400 | 51811 |
| Dongyue Group, Ltd. | 11000 | 17164 |
| Anhui Jinhe Industrial Co., Ltd. A Shares | 3200 | 9357 |
|  |  | **78332** |
| **Total Materials** |  | **162091** |
| **Consumer Staples: 5.0%** | **Consumer Staples: 5.0%** | **Consumer Staples: 5.0%** |
| **Beverages: 1.9%** | **Beverages: 1.9%** | **Beverages: 1.9%** |
| Anhui Yingjia Distillery Co., Ltd. A Shares | 4800 | 27713 |
| Beijing Yanjing Brewery Co., Ltd. A Shares | 15000 | 25528 |
|  |  | **53241** |
| **Personal Care Products: 1.3%** | **Personal Care Products: 1.3%** | **Personal Care Products: 1.3%** |
| Giant Biogene Holding Co., Ltd.<sup>a,c</sup> <br>| 5200 | **37761** |
| **Consumer Staples Distribution & Retail: 1.0%** | **Consumer Staples Distribution & Retail: 1.0%** | **Consumer Staples Distribution & Retail: 1.0%** |
| Yifeng Pharmacy Chain Co., Ltd. A Shares | 8200 | **28360** |
| **Food Products: 0.8%** | **Food Products: 0.8%** | **Food Products: 0.8%** |
| Anjoy Foods Group Co., Ltd. H Shares | 2700 | **21099** |
| **Total Consumer Staples** |  | **140461** |
| **Energy: 4.0%** | **Energy: 4.0%** | **Energy: 4.0%** |
| **Energy Equipment & Services: 4.0%** | **Energy Equipment & Services: 4.0%** | **Energy Equipment & Services: 4.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Yantai Jereh Oilfield Services Group Co., Ltd. A <br> Shares<br>| 14100 | **110190** |
| **Total Energy** |  | **110190** |
| **Real Estate: 3.6%** | **Real Estate: 3.6%** | **Real Estate: 3.6%** |
| **Real Estate Management & Development: 3.6%** | **Real Estate Management & Development: 3.6%** | **Real Estate Management & Development: 3.6%** |
| China Overseas Property Holdings, Ltd. | 65000 | 42106 |
| Greentown China Holdings, Ltd. | 24000 | 29304 |
| Yuexiu Property Co., Ltd. | 42000 | 28125 |
| **Total Real Estate** |  | **99535** |
| **Utilities: 1.6%** | **Utilities: 1.6%** | **Utilities: 1.6%** |
| **Gas Utilities: 1.6%** | **Gas Utilities: 1.6%** | **Gas Utilities: 1.6%** |
| ENN Natural Gas Co., Ltd. A Shares | 17200 | **43390** |
| **Total Utilities** |  | **43390** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials: 1.1%** | **Financials: 1.1%** | **Financials: 1.1%** |
| **Financial Services: 1.1%** | **Financial Services: 1.1%** | **Financial Services: 1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; China Development Bank Financial Leasing Co., Ltd. <br> H Shares<sup>a,c</sup> <br>| 140000 | **$32029** |
| **Total Financials** |  | **32029** |
| **TOTAL COMMON EQUITIES** | **TOTAL COMMON EQUITIES** | **2659595** |
| (Cost $1,977,159) |  |  |
| **SHORT-TERM INVESTMENTS: 4.3%** | **SHORT-TERM INVESTMENTS: 4.3%** |  |
| **Money Market Funds: 4.3%** | **Money Market Funds: 4.3%** | **Money Market Funds: 4.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; JPMorgan U.S. Government Money Market Fund, <br> Capital Shares, 4.04%<sup>d</sup> <br>| 120331 | **120331** |
| (Cost $120,331) |  |  |
| **Total Investments: 99.9%** |  | **2779926** |
| (Cost $2,097,490) |  |  |
| **CASH AND OTHER ASSETS,** <br>**LESS LIABILITIES: 0.1%**<br>|  | **3283** |
| **Net Assets: 100.0%** |  | **$2783209** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| a | &nbsp;&nbsp;&nbsp; The securities may be resold to qualified foreign investors and foreign institutional <br> buyers under Regulation S of the Securities Act of 1933.<br>|
| b | Non-income producing security. |
| c | &nbsp;&nbsp;&nbsp; Security exempt from registration under Rule 144A of the Securities Act of 1933, as <br> amended. The security may be resold in transactions exempt from registration <br> normally to qualified institutional buyers. The security has been determined to be <br> liquid in accordance with procedures adopted by the Funds' Board of Trustees. At <br> September 30, 2025, the aggregate value is $423,654, which is 15.22% of net <br> assets.<br>|
| d | Rate shown is the current yield as of September 30, 2025. |
| ADR | American Depositary Receipt |

---

Other information regarding the Fund is available in the Funds' most recent report to shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).

**2** 

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Matthews International Funds

- **b. Investment Company Act file number:** 811-08510

- **c. CIK number of Registrant:** 0000923184

- **d. LEI of Registrant:** 5493007IYPQKGSDVTS49

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** Four Embarcadero Center

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94111

  - **Telephone number:** 415-788-7553

**Item A.2. Information about the Series.**

- **a. Name of Series:** Matthews China Discovery Active ETF

- **b. EDGAR series identifier (if any):** S000083829

- **c. LEI of Series:** 254900Y3327CIQ4QA065

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2786381.61

**Total Liabilities:** $3172.55

**Net Assets:** $2783209.06

**Cash Not Reported:** $6.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000247850 | 6.92%                | 8.86%                | 3.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6316.84                 | $150526.46                                 |
| Month 2  | $9099.23                 | $207693.64                                 |
| Month 3  | $82331.27                | $1565.21                                   |

### Schedule of Portfolio Investments

| Name                           | Title                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JEREH GROUP                    | Yantai Jereh Oilfield Services Group Co Ltd     | CUSIP: 000000000<br>LEI: 300300QPHWK638H2EU20 | Long             | EC               | CORP              | CN        |     14100 | NS      | $110190.25    | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVS PPT                  | China Overseas Property Holdings Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     65000 | NS      | $42105.80     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Greentown China Holdings Ltd   | Greentown China Holdings Ltd                    | CUSIP: 000000000<br>LEI: 529900BLBC6YDNWS8530 | Long             | EC               | CORP              | CN        |     24000 | NS      | $29304.41     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN US GOVT CAPITAL      | JP MORGAN US GOVT CAPITAL                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120331 | NS      | $120330.86    | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Meitu Inc                      | Meitu Inc                                       | CUSIP: 000000000<br>LEI: 529900P2POH56W116T02 | Long             | EC               | CORP              | CN        |     21000 | NS      | $25020.56     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream International Ltd        | Dream International Ltd                         | CUSIP: 000000000<br>LEI: 984500F7E5EE7MCF8192 | Long             | EC               | CORP              | HK        |     14000 | NS      | $22600.38     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINAGOLDINTL                  | China Gold International Resources Corp Ltd     | CUSIP: 16890P103<br>LEI: 529900936ZPAXB0LZD87 | Long             | EC               | CORP              | CA        |      3100 | NS      | $55303.07     | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Cloud Music Inc        | NetEase Cloud Music Inc                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |      3400 | NS      | $113531.44    | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsonite Group SA             | Samsonite Group SA                              | CUSIP: 000000000<br>LEI: 549300UULS5HYFJSEL12 | Long             | EC               | CORP              | US        |      6900 | NS      | $14774.82     | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wasion Holdings Ltd            | Wasion Holdings Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     46000 | NS      | $74967.87     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dongyue Group Ltd              | Dongyue Group Ltd                               | CUSIP: 000000000<br>LEI: 529900EJNEZTJBHCHW95 | Long             | EC               | CORP              | CN        |     11000 | NS      | $17163.64     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| DPC Dash Ltd                   | DPC Dash Ltd                                    | CUSIP: 000000000<br>LEI: 254900OG7TEI5GQICO05 | Long             | EC               | CORP              | CN        |      5600 | NS      | $62618.89     | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Giant Biogene Holding Co ltd   | Giant Biogene Holding Co ltd                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5200 | NS      | $37761.55     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HUTCHMED China Ltd             | HUTCHMED China Ltd                              | CUSIP: 000000000<br>LEI: 2138006X34YDQ6OBYE79 | Long             | EC               | CORP              | HK        |     14500 | NS      | $46815.07     | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tuya Inc                       | Tuya Inc                                        | CUSIP: 90114C107<br>LEI: 254900XKWS2MIZHXCO08 | Long             | EC               | CORP              | CN        |      8553 | NS      | $21125.91     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Jinhe Industrial Co Ltd  | Anhui Jinhe Industrial Co Ltd                   | CUSIP: 000000000<br>LEI: 300300G82LSX44M9RH41 | Long             | EC               | CORP              | CN        |      3200 | NS      | $9356.57      | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ZWSOFT Co Ltd Guangzhou        | ZWSOFT Co Ltd Guangzhou                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2489 | NS      | $26522.93     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Crystal International Group Lt | Crystal International Group Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     63000 | NS      | $54737.55     | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| KARRIE INT'L                   | Karrie International Holdings Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     50000 | NS      | $15487.64     | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Yifeng Pharmacy Chain Co Ltd   | Yifeng Pharmacy Chain Co Ltd                    | CUSIP: 000000000<br>LEI: 300300CZZIF44N1EZO06 | Long             | EC               | CORP              | CN        |      8200 | NS      | $28359.57     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunresin New Materials Co Ltd  | Sunresin New Materials Co Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      6400 | NS      | $51811.32     | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNeVision Holdings Ltd        | SUNeVision Holdings Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     50000 | NS      | $44149.40     | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA EB INT'L                 | China Everbright Environment Group Ltd          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     95000 | NS      | $54213.15     | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPEC SEG                    | Sinopec Engineering Group Co Ltd                | CUSIP: 000000000<br>LEI: 529900MZVFFC7D57VV51 | Long             | EC               | CORP              | CN        |     44500 | NS      | $38663.82     | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KB LAMINATES                   | Kingboard Laminates Holdings Ltd                | CUSIP: 000000000<br>LEI: 529900B76JV9QCZINB33 | Long             | EC               | CORP              | HK        |     32000 | NS      | $50712.05     | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Microport Scientific Corp      | Microport Scientific Corp                       | CUSIP: 000000000<br>LEI: 5299009MK4VZID944A20 | Long             | EC               | CORP              | CN        |     11600 | NS      | $20559.87     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Xuji Electric Co Ltd           | Xuji Electric Co Ltd                            | CUSIP: 000000000<br>LEI: 3003000OT9G77QBDC838 | Long             | EC               | CORP              | CN        |      8200 | NS      | $30522.49     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Leadmicro Nano Technol | Jiangsu Leadmicro Nano Technology Co Ltd        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4136 | NS      | $34045.95     | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FIT Hon Teng Ltd               | FIT Hon Teng Ltd                                | CUSIP: 000000000<br>LEI: 3003001IDFNIKMGLFJ67 | Long             | EC               | CORP              | TW        |     69000 | NS      | $56580.64     | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Anjoy Foods Group Co Ltd       | Anjoy Foods Group Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2700 | NS      | $21099.17     | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Yingjia                  | Anhui Yingjia Distillery Co Ltd                 | CUSIP: 000000000<br>LEI: 3003001NVFR21G6ZPB16 | Long             | EC               | CORP              | CN        |      4800 | NS      | $27712.77     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JASON FURNITURE HANGZHOU CO LT | Jason Furniture Hangzhou Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5700 | NS      | $24127.87     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co Ltd              | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |     16000 | NS      | $61611.23     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Atour Lifestyle Holdings Ltd   | Atour Lifestyle Holdings Ltd                    | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2332 | NS      | $87659.88     | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHUANGHUAN DR.                 | Zhejiang Shuanghuan Driveline Co Ltd            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12500 | NS      | $87356.54     | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chagee Holdings Ltd            | Chagee Holdings Ltd                             | CUSIP: 15743P104<br>LEI: 984500EBA7IRCB66FD03 | Long             | EC               | CORP              | CN        |       698 | NS      | $11551.90     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Medlive Technology Co Ltd      | Medlive Technology Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10000 | NS      | $16785.77     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongfa Technology Co Ltd       | Hongfa Technology Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13860 | NS      | $51259.87     | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Pharmaceutical Group Ltd | Grand Pharmaceutical Group Ltd                  | CUSIP: 000000000<br>LEI: 8945001XW4FS15S8Z778 | Long             | EC               | CORP              | HK        |     25500 | NS      | $27924.01     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongcheng Travel Holdings Ltd  | Tongcheng Travel Holdings Ltd                   | CUSIP: 000000000<br>LEI: 2549004WGGNOPL8NUL61 | Long             | EC               | CORP              | CN        |     25200 | NS      | $74494.88     | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| KINGDEE INT'L                  | Kingdee International Software Group Co Ltd     | CUSIP: 000000000<br>LEI: 529900SWRZN94C5SZO63 | Long             | EC               | CORP              | CN        |     16000 | NS      | $36029.00     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MEGMEET                        | Shenzhen Megmeet Electrical Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      3500 | NS      | $38042.62     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Minth Group Ltd                | Minth Group Ltd                                 | CUSIP: 000000000<br>LEI: 254900B2AH0G13K9G204 | Long             | EC               | CORP              | TW        |     20000 | NS      | $86936.40     | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| China Yuchai International Ltd | China Yuchai International Ltd                  | CUSIP: 000000000<br>LEI: 529900DHISUGAY2ARU76 | Long             | EC               | CORP              | SG        |       745 | NS      | $30820.65     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtep International Holdings Lt | Xtep International Holdings Ltd                 | CUSIP: 000000000<br>LEI: 529900ZZZZBTOKZQI549 | Long             | EC               | CORP              | CN        |     36000 | NS      | $27021.75     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hongfa Technology Co Ltd       | Hongfa Technology Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15360 | NS      | $56878.90     | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd     | Full Truck Alliance Co Ltd                      | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | CN        |      3888 | NS      | $50427.36     | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MMG Ltd                        | MMG Ltd                                         | CUSIP: 000000000<br>LEI: 529900XB5IQXFMSWEC48 | Long             | EC               | CORP              | AU        |     32800 | NS      | $28456.12     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CDB LEASING                    | China Development Bank Financial Leasing Co Ltd | CUSIP: 000000000<br>LEI: 3003001Y2JXAVQAIZ618 | Long             | EC               | CORP              | CN        |    140000 | NS      | $32029.20     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Ltd                    | Kanzhun Ltd                                     | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | CN        |      1507 | NS      | $35203.52     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DAMAI ENT                      | Damai Entertainment Holdings Ltd                | CUSIP: 000000000<br>LEI: 213800DWTSI7ACSGHN32 | Long             | EC               | CORP              | HK        |    370000 | NS      | $50884.27     | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Natural Gas Co Ltd         | ENN Natural Gas Co Ltd                          | CUSIP: 000000000<br>LEI: 300300KVDMGNQNP52Z98 | Long             | EC               | CORP              | CN        |     17200 | NS      | $43389.74     | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Eternal Beauty Holdings Ltd    | Eternal Beauty Holdings Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     88000 | NS      | $22620.94     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ACM Research Inc               | ACM Research Inc                                | CUSIP: 00108J109<br>LEI: 549300MCTENUWL2GJL61 | Long             | EC               | CORP              | US        |      2724 | NS      | $106590.12    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Xiamen Faratronic Co Ltd       | Xiamen Faratronic Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      2800 | NS      | $49656.26     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Hisense HA                     | Hisense Home Appliances Group Co Ltd            | CUSIP: 000000000<br>LEI: 529900PRGESPUBUBN103 | Long             | EC               | CORP              | CN        |     11000 | NS      | $34327.28     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Shanghai Conant Optical Co Ltd | Shanghai Conant Optical Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5100 | NS      | $27124.31     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Tsugami China Corp L | Precision Tsugami China Corp Ltd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      4000 | NS      | $16544.14     | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijing Yanjing Brewery Co Ltd | Beijing Yanjing Brewery Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     15000 | NS      | $25528.24     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Sichuan Kelun-Biotech Biopharm | Sichuan Kelun-Biotech Biopharmaceutical Co Ltd  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $52850.75     | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kehua Data Co Ltd              | Kehua Data Co Ltd                               | CUSIP: 000000000<br>LEI: 300300EJSDJOVUU30D37 | Long             | EC               | CORP              | CN        |      2700 | NS      | $27085.61     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Yuexiu Property Co Ltd         | Yuexiu Property Co Ltd                          | CUSIP: 000000000<br>LEI: 529900GASK6R1FD08W10 | Long             | EC               | CORP              | HK        |     42000 | NS      | $28124.52     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CALB Group Co Ltd              | CALB Group Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     10600 | NS      | $48310.63     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AK Medical Holdings Ltd        | AK Medical Holdings Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     34000 | NS      | $24122.15     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Matthews International Funds

**Signature:** Shai Malka

**Name of Signer:** Shai Malka

**Title:** Treasurer