MPF Scheme (Fidelity Retirement Master Trust) Notice to Employers and Members dated March 2020

Dear MPF Scheme (Fidelity Retirement Master Trust) Members,

Please refer to the attached Notice to Employers and Members. Summary of key changes to the Trust is extracted below:

• Updates to the Statement of Investment Policy of the Constituent Funds and the Risk Factors
• Continual management of Fidelity SaveEasy 2020 Fund until 2025
• Reduction of Investment Management Fee of MPF Conservative Fund
• Automatic Exchange of Financial Account Information
• Other changes to Master Trust, e.g. strict control on accept VC or SVC for members, etc
• Updates of the MPF Scheme Brochure for compliance with Part G of the Code on Disclosure for MPF Investment Funds

If you have any questions about the changes set out in the document, please contact Fidelity Investor Hotline at 2629 2629 or visit https://www.fidelity.com.hk.

Finance and Facilities Management Unit