Standard Life (Asia) Limited (662679) is registered in Hong Kong at 12/F, Lincoln House, Taikoo Place, 979 King’s Road, Quarry Bay, Hong Kong. Authorised by the Insurance Authority of Hong Kong to write Class A, Class C and Class I long term business in Hong Kong.

標準人壽保險(亞洲)有限公司(662679)的註冊公司地址為香港鰂魚涌英皇道 979 號太古坊林肯大厦 12 樓，其已獲香港的保險業監管局授權於香港承保 A 類、C 類及 I 類之長期業務。

Date: 22 June 2020 Private and confidential Policy Plan: [Name of the Policy Plan] (the “Plan”) Policy Number: [Policy Number of the Policy Holder] Dear Valued Customer, As an important notice, please read this letter carefully and seek independent professional advice should you have any questions about the content. Standard Life (Asia) Limited accepts responsibility for the accuracy of the content of this letter. Various changes to the underlying funds corresponding to the following investment choices of Janus Henderson Horizon Fund Unless otherwise specified herein, capitalised terms used in this letter shall have the meaning outlined in the Hong Kong offering documents (collectively, the “Hong Kong Offering Documents”) of Janus Henderson Horizon Fund, comprising the Prospectus (the “Prospectus”), the Hong Kong Covering Document (“HKCD”) and the relevant Product Key Fact Statements (“KFS”) for each underlying funds.

Reference Code Name of investment choices 01HU Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2 05HE Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2 - EUR 04HU Janus Henderson Horizon Fund - China Fund - A2 02HU Janus Henderson Horizon Fund - Global Property Equities Fund - A2 06HE Janus Henderson Horizon Fund - Global Property Equities Fund - A2 – EUR 07HU Janus Henderson Horizon Fund - Global Technology Fund - A2 03HE Janus Henderson Horizon Fund - Pan European Property Equities Fund - A2

(Each an “Investment Choice” and collectively, the “Investment Choices”) We have been informed by the board of directors (the “Directors”) of Janus Henderson Horizon Fund (“Janus Henderson”) of the following changes, to the underlying funds corresponding to the Investment Choices (each an “Underlying Fund” and collectively, the “Underlying Funds”) with effect from 1 July 2020 (the “Effective Date”). As the unitholders of the Investment Choice(s), the following changes applicable to the Underlying Fund(s) may have implications for your investment. I. Fund Specific Changes to the Underlying Funds 1. Rename of the Underlying Funds The names of the Underlying Funds will be changed with effect from the Effective Date, and the names of the Investment Choices will also be updated accordingly, as set out in the table below.

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Reference Code

Type Current Name Name after the change

01HU Name of the Investment Choice

Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2

Janus Henderson Horizon Fund - Asia-Pacific Property Income Fund – A2

Name of the Underlying Fund

Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund

Janus Henderson Horizon Fund - Asia-Pacific Property Income Fund

05HE Name of the Investment Choice

Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2 - EUR

Janus Henderson Horizon Fund - Asia-Pacific Property Income Fund – A2 – EUR

Name of the Underlying Fund

Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund

Janus Henderson Horizon Fund - Asia-Pacific Property Income Fund

04HU Name of the Investment Choice

Janus Henderson Horizon Fund - China Fund - A2

Janus Henderson Horizon Fund - China Opportunities Fund – A2

Name of the Underlying Fund

Janus Henderson Horizon Fund - China Fund

Janus Henderson Horizon Fund - China Opportunities Fund

07HU Name of the Investment Choice

Janus Henderson Horizon Fund - Global Technology Fund - A2

Janus Henderson Horizon Fund - Global Technology Leaders Fund - A2

Name of the Underlying Fund

Janus Henderson Horizon Fund - Global Technology Fund

Janus Henderson Horizon Fund - Global Technology Leaders Fund

2. Changes in investment objectives, policies and strategies a. The Underlying Fund corresponding to Janus Henderson Horizon Fund - China Fund - A2 (Reference Code:

04HU) With effect from the Effective Date, the Underlying Fund will change from a long/short strategy to a long-only strategy. For the avoidance of doubt, there is no change to the Underlying Fund’s existing investment universe with a diversified core exposure to the Chinese and Hong Kong equities (as defined below), as further explained below. From the Effective Date, the Hong Kong Offering Documents will also clarify that the Investment Manager will be able to use derivatives to reduce risk and to manage the Underlying Fund more efficiently. The investment objective and policy of the Underlying Fund as set out in the KFS will read as follows (changes shown in mark-ups): “Investment objective The Sub-Fund aims to provide capital growth over the long term. Investment strategy The Sub-Fund will investinvests at least 80% of its net assets, by taking long (and to a lesser extent short) positionsNAV in equities or equity-related instruments of (i) : • companies having their registered office in China and Hong Kong; (ii) • companies that do not have their registered office in China and Hong Kong but do most of their business, either directly or through subsidiaries, in China and Hong Kong. Notwithstanding the above, the Sub-Fund will maintain a net long exposure of at least 80% of its net assets. The Sub-Fund may invest in companies of any size, including smaller capitalisation companies, in any industry. Equities may include China A-Shares, directly through the Stock Connect Programs and other eligible exchanges or indirectly through derivative instruments. Exposure to China A-Shares, whether directly or indirectly, will not be more than 50% of the Sub-Fund’s NAV. Equity-related instruments may include depository receipts,amongst others. The Sub-Fund’s long positions may be held through a combination of direct investment and/or derivative instruments (such as futures, forwards, structured financial derivatives, equity swaps (also known as contracts-for-differences), swaps, options and warrants), whilst the short positions are achieved entirely through derivative instruments. The Sub-Fund will have significantly greater exposure to long positions than short positions and is therefore likely to demonstrate a high correlation to Chinese equity markets. The Sub-Fund may use derivative instruments as part of the investment strategy (extensively or primarily for investment purposes), hedging and for the purposes of efficient portfolio management. There is a possibility that the NAV of the Sub-Fund may have a higher volatility due to its investment policy or portfolio management techniques. When implementing the Fundamental strategy, the Investment Manager apply “fundamental” research (dealing with the prospects and valuation of companies) to identify undervalued or overvalued securities and create trades that will include both long and covered short directional positions and pairs trades.

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The Sub-Fund may use derivative instruments (such as futures, forwards, options and warrants) to reduce risk and to manage the Sub-Fund more efficiently. Under no circumstances shall the use of these instruments and techniques cause the Sub-Fund to diverge from its investment policy. The global risk exposure of the Sub-Fund is determined and monitored using the relative Value at Risk approach. The Sub-Fund’s leverage level is expected to be 100% of the Sub-Fund’s total NAV, based on the sum of notional exposures of FDIs in the investment portfolio including those held for risk reduction purposes. The Sub-Fund’s actual level of leverage might exceed the expected level from time to time under a number of circumstances provided the usage of FDIs is consistent with the Sub-Fund’s investment objective and risk profile. The expected level of leverage is an indicator and not a regulatory limit. The expected level of leverage will be updated from time to time. For the remaining assets, the Investment Manager has the flexibility to invest outside the Sub-Fund’s principal geographies or asset classes. The Investment Manager (“IM”) may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate. No more than 10% of the Sub-Fund’s NAV may be invested in units of UCITS or other UCIs. For the remaining assets, the IM has the flexibility to invest outside the Sub-Fund’s principal geographies or asset classes. On an ancillary basis, and for defensive purposes, the Sub-Fund may invest in: • investment grade fixed income securities instruments, (such as convertible bonds, corporate bonds and government bonds and their associated related derivative instruments securities).; and • money market instruments and may hold cash or treasury bills pending reinvestment. The Investment Manager may consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate. The Sub-Fund may engage in securities lending transactions. Lending transactions may not be carried out on more than 50% of the NAV of the Sub-Fund. Currently, the Sub-Fund does not engage in repurchase and/or reverse repurchase agreement transactions. Performance Target: The Sub-Fund targets to outperform the MSCI Zhong Hua 10/40 Index by 2.5% per annum, before the deduction of charges, over any 5 year period. The Sub-Fund is actively managed with reference to the MSCI Zhong Hua 10/40 Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Sub-Fund’s performance target. The IM has discretion to choose investments for the Sub-Fund with weightings different to the index or not in the index, but at times the Sub-Fund may hold investments similar to the index. The IM seeks to identify companies that can generate unexpected earnings growth, at both an industry and stock level, not yet recognised by the broader market.” b. The Underlying Funds corresponding to Janus Henderson Horizon Fund - Asia-Pacific Property Equities

Fund - A(Reference Code: 01HU)and Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2 – EUR (Reference Code: 05HE)

With effect from the Effective Date, the Underlying Funds’ investment objective will change from achieving capital appreciation over the long term to having an income focus, aiming to provide a sustainable level of income. The investment objective and policy of the Underlying Funds as set out in the KFS will read as follows (changes shown in mark-ups): “Investment objective The investment objective of the Sub-Fund is to seek long-term capital appreciation through investment in the quoted equities of companies or Real Estate Investment Trusts (or their equivalents) in the Asia-Pacific region and listed or traded on a regulated market. The Sub-Fund aims to provide a sustainable level of income, with a dividend yield higher than the dividend yield* of the FTSE EPRA Nareit Developed Asia Dividend Plus Index, plus the potential for capital growth over the long term. * The weighted average of the total dividends declared by the constituent companies in the FTSE EPRA Nareit Developed Asia Dividend Plus Index over the previous twelve months. Investment strategy The Sub-Fund will investinvests at least 75% of its NAV in the quoted equities or equity-related instruments of real estate companies or Real Estate Investment Trusts (“REIT”) (or their equivalents) having their registered offices in the Asia-Pacific Region and listed or traded on a regulated market, which that derive the predominant main part of their revenue from the ownership, management and/or development ofowning, developing and managing real estate in the Asia-

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Pacific Region.region which in the view of the Investment Manager (“IM”) offer prospects for above average dividends or reflect such prospects. For the remaining assets, the Investment Manager (“IM”) has the flexibility to invest outside the Sub-Fund’s principal geographies or asset classes. No more than 10% of the Sub-Fund’s NAV may be invested in units of UCITS or other UCIs. The Sub-Fund may invest in companies of any size, including smaller capitalisation companies. While the Sub-Fund will invest in accordance with the above investment objective and strategy, the Sub-Fund is not subject to any limitation on the portion of its NAV that may be invested in any one country. Equity-related instruments may include depository receipts. The Sub-Fund has the ability to use financial derivative instruments (“FDIs”) such as options, forward foreign exchange, interest rate swap, contracts for difference, and futures on index, interest rate and bond, for hedging and/or efficient portfolio management (“EPM”) purposes. The Sub-Fund will not use FDIs extensively for hedging and/or EPM purposes and neither will it use FDIs extensively or primarily to achieve the Sub-Fund’s investment objective or for investment purposes. The Sub-Fund may use financial derivative instruments (“FDIs”) (such as futures, forwards, options and warrants) to reduce risk and to manage the Sub-Fund more efficiently. Under no circumstances shall the use of these instruments and techniques cause the Sub-Fund to diverge from its investment policy. The IM may from time to time consider hedging currency and interest rates exposure, but will not generally enter into contracts involving a speculative position in any currency or interest rate. No more than 10% of the Sub-Fund’s NAV may be invested in units of UCITS or other UCIs. For the remaining assets, the IM has the flexibility to invest outside the Sub-Fund’s principal geographies or asset classes. On an ancillary basis and for defensive purposes, the Sub-Fund may invest in: • investment grade government bonds and associated derivative instruments; • cash and money market instruments. The Sub-Fund may engage in securities lending transactions. Lending transactions may not be carried out on more than 50% of the NAV of the Sub-Fund. Currently, the Sub-Fund does not engage in repurchase and/or reverse repurchase agreement transactions. The Sub-Fund is actively managed with reference to the FTSE EPRA Nareit Developed Asia Dividend Plus Index, which is broadly representative of the securities in which it may invest, as this forms the basis of the Sub-Fund’s income target in the Sub-Fund’s investment objective and the level above which performance fees may be charged. The IM has discretion to choose investments for the Sub-Fund with weightings different to the index or not in the index, but at times the Sub-Fund may hold investments similar to the index. The IM seeks to identify listed property companies and REITs which derive the main part of their revenue from the Asia Pacific region, that can deliver a regular and stable dividend with the potential for capital growth over the long term. The investment process follows a high conviction, 'bottom-up' (fundamental company analysis) approach, aiming to identify the best risk adjusted opportunities from across the investment universe. While the Sub-Fund will invest in accordance with the above investment objective and strategy, the Sub-Fund is not subject to any limitation on the portion of its NAV that may be invested in any one country.” A comparison of the current and revised wording of the above Underlying Funds’ investment objective and policy will be available on the website of Janus Henderson www.janushenderson.com1 on or around the Effective Date. 3. Changes to performance fee and reference benchmark

With effect from the Effective Date, the performance fees and the reference benchmarks of the Underlying Funds corresponding to the following Investment Choices will be changed as set out in the table below.

Reference Code

Name of investment choices

Current practice of performance fee / reference benchmark

After the change Rationale

01HU Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2

Is using FTSE EPRA Nareit Pure Asia total return net dividend Index (Captial constrained) to calculate the performance fee

Will Use FTSE EPRA Nareit Developed Asia Dividend Plus Index (the “Index”) to calculate the performance fee

To more appropriately reflect the investment policy and strategy.

The Underlying Fund will be actively managed with reference to the New Benchmark / Index, which is broadly representative of the

05HE Janus Henderson Horizon Fund - Asia-Pacific Property Equities Fund - A2 - EUR

04HU Janus Henderson Horizon Fund -

Performance fee is applied

Performance fee will be removed

1 This website has not been reviewed by the SFC and may contain information relating to the Underlying Funds not authorised by the SFC and not available to Hong Kong investors.

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China Fund - A2 Is using MSCI China Index as reference benchmark to calculate the performance fee

Will Use MSCI Zhong Hua 10 Index (the “Index”) as new reference benchmark

companies in which it may invest. However, the Investment Manager has the discretion to choose investments for the Underlying Fund with weightings different to such New Benchmark / Index or not in it, but at times the Underlying Fund may hold investments similar to it.

07HU Janus Henderson Horizon Fund - Global Technology Fund - A2

Currently waived

Is using MSCI AC World Information Technology Index as reference benchmark to calculate the performance fee

Will be reinstated and reduced from 20% to 10% of the Relevant Amount *

Will use MSCI ACWI Information Technology Index + MSCI ACWI Communication Services Index (the “New Benchmark”) which is a single combined custom index as new reference benchmark

* “Relevant Amount” is defined in the Hong Kong Offering Documents as “equal to the amount by which the increase in total net asset value per Share during the relevant performance period exceeds the increase in the relevant benchmark over the same period (or the growth in value of the net assets per Share where the benchmark has declined). Implications of the changes of reference benchmarks There will not be any change to the performance fee calculation mechanism (with the exception of the Janus Henderson Horizon Fund – China Fund – A2 (Reference Code: 04HU), for which the performance fee will be removed) of the Underlying Funds as disclosed in the Hong Kong Offering Documents. The performance fee will be calculated in accordance with the high water mark principle with reference to the “Target net asset value per Share” as set out in the Hong Kong Offering Documents. For further details regarding the calculation of performance fees, please refer to the section in the Prospectus titled “Fees, Charges and Expenses – Performance Fees” and the section in the HKCD titled “Performance Fees”. 4. Implications of the changes (Part I points 1-3 above) The Directors confirm that the costs and expenses in connection with the above changes will be borne by the relevant Underlying Funds. These costs and expenses will not have a material impact on the fees and expenses incurred by the respective Underlying Funds. The costs incurred in connection with these changes are insignificant by reference to the Underlying Funds’ net asset value. The changes will not result in any change to the overall risk profile of the Underlying Funds. There will be no material change in the operation and/or manner in which the Underlying Fund is being managed. There will not be material adverse impact on the rights or interests of the investors of the Underlying Fund. II. Fund Documentation Changes The Underlying Funds’ investment objectives and policies will be amended to include the following information with effect from the Effective Date. Disclosures relating to active management and index/benchmark usage (if any):

- Where the Underlying Fund is actively managed with reference to an index, this index broadly represents the companies in which the Underlying Fund invests and provides a useful comparator for assessing each Underlying Fund’s performance. The Investment Manager has the discretion to choose investments for the Underlying Fund with weightings different to the index or not in the index but at times the Underlying Fund may hold investments similar to the index.

- Where the Underlying Fund is actively managed and makes reference to a cash benchmark, the Investment Manager has complete discretion to choose investments for the Underlying Fund and is not constrained by the relevant cash benchmark.

Where relevant for each Underlying Fund, disclosures will be added to clarify that the index/benchmark may also form the basis of the Underlying Fund’s performance target, income target and the level above which performance fees may be charged.

Specific fund Performance Targets will be applicable to the Underlying Funds corresponding to the following Investment Choices. Please refer to the Hong Kong offering documents for details.

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Reference Code

Name of investment choices

04HU Janus Henderson Horizon Fund - China Fund - A2 02HU Janus Henderson Horizon Fund - Global Property Equities Fund - A2 06HE Janus Henderson Horizon Fund - Global Property Equities Fund - A2 – EUR 07HU Janus Henderson Horizon Fund - Global Technology Fund - A2 03HE Janus Henderson Horizon Fund - Pan European Property Equities Fund - A2

Disclosures relating to investment strategy.

The Underlying Funds’ investment objectives and policies will also be enhanced to clarify the relevant Underlying Fund’s existing investment practice, such as the use of derivative instruments and the types of investments the Underlying Fund may make on an ancillary basis and for defensive purposes.

Miscellaneous administrative, clarificatory and general updates

1. Enhancement and general updates to the risk disclosures under the section “Investment and Risk Considerations” of the Prospectus;

2. Updates to the PRC tax related disclosures in the Prospectus; 3. Updates to the disclosures relating to anti-dilution measures and swing pricing in the Prospectus. For the

avoidance of doubt, these updates are for clarification and enhancement of disclosures only. There is no actual change in the current swing pricing policy in respect of the Underlying Funds.

4. General updates and enhancement to the risk disclosures in the Prospectus; 5. Updates to the sub-section “10. Investment Restrictions” under the section “Further Information” of the

Prospectus to reflect that in respect of the Underlying Fund's investments in UCITS and other UCIs linked to the Investment Manager or its affiliates, there shall be no management fee charged to that portion of the assets of the relevant Underlying Fund. The Company will indicate in its annual report the total management fees charged both to the relevant Underlying Fund and to the UCITS and other UCIs in which such Underlying Fund has invested during the relevant period. Other amendments include but are not limited to elaboration on the investment restrictions in respect of investments in commodities, precious metals and interest rate swaps to reflect the relevant UCITS regulatory requirements.

6. Update to the list of Directors of the Company and the Management Company under the section “Directors, Management and Administration” of the Prospectus;

7. Update to the disclosures relating to unclaimed proceeds arising from liquidation of the Company or the Underlying Fund for clarification; and

8. Other miscellaneous, administrative, clarificatory, editorial, cosmetic and general tidy-up amendments.

The Hong Kong Offering Documents will also be revised to include the above changes. For the avoidance of doubt, the above Fund Documentation Changes are for enhancement of disclosures only. There is no change to the risk profile or the way the Underlying Funds are managed because of these Fund Documentation Changes which are consistent with the Underlying Funds’ existing investment objectives and policies.

Actions to take

You do not have to take any action if you wish to remain invested in the Investments Choices regardless of the above changes. Otherwise you may wish to consider switching the units of the Investments Choices or redirect future regular premiums/contributions (if applicable) to other investment choice(s) through the usual application procedure. No switching fee(s) will be incurred under the current fee structure of your policy.

Investment involves risks. For details regarding the Plan, the investment choices available under the Plan and the Underlying Funds corresponding to such investment choices (including, without limitation, the investment objectives and policies, risk factors and charges), please refer to the latest offering documents of the Plan (in particular the document named “Investment Choices Brochure”) and the offering documents of the Underlying Funds, all of which are available from us upon request and free of charge. You may also visit our website at www.standardlife.hk for investment choices details.

If you need further assistance, feel free to contact your financial adviser or our Customer Service Department on +852 2169 0300, Monday to Friday, from 9:00 a.m. to 5:30 p.m. Yours faithfully, Customer Service Department

Standard Life (Asia) Limited

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私人及機密

保單計劃 ： [保單計劃名稱] (「計劃」) 保單編號 ： [保單持有人的保單編號] 親愛的客戶

此乃重要通知，請細閱本函件內容，如對其內容有任何疑問應諮詢獨立專業人士之意見。

有關連繫至駿利亨德森遠見基金投資選擇的相連基金之若干修訂

除另有規定外，本信件內所用的詞彙與駿利亨德森遠見基金的香港銷售文件（統稱「香港銷售文件」）包括各相連基金招股章程（「招股章程」）、香港說明文件（「香港說明文件」）及相關產品資料概要（「產品資料概要」）中所用者具相同涵義。 參考編號 投資選擇名稱

01HU 駿利亨德森遠見基金 - 亞太地產股票基金 - A2

05HE 駿利亨德森遠見基金 - 亞太地產股票基金 - A2 - 歐元

04HU 駿利亨德森遠見基金 - 中國躍升基金 - A2

02HU 駿利亨德森遠見基金 - 環球地產股票基金 - A2

06HE 駿利亨德森遠見基金 - 環球地產股票基金 - A2 - 歐元

07HU 駿利亨德森遠見基金 - 環球科技基金 - A2

03HE 駿利亨德森遠見基金 - 泛歐地產股票基金 - A2 (各稱為「該投資選擇」，統稱為「該等投資選擇」)

我們接獲駿利亨德森遠見基金(「駿利亨德森」）的董事會 (「董事會」）通知，由2020年7月1日（「生效日期」）起，有關連繫至該等投資選擇的相連基金(各稱為「該相連基金」，統稱為「該等相連基金」)已作出以下若干修訂。作為該等投資選擇的單位持有人，以下有關該等相連基金的修訂對您的投資或會有所影響。

I. 基金特定變更 1. 該等相連基金名稱之變更 該等相連基金的名稱自生效日期起更改，而該等投資選擇的名稱亦將會相應更改。如下表載列： 參考編號 類型 現時名稱 更改後的名稱

01HU 投資選擇名稱 駿利亨德森遠見基金 - 亞太地產股票基金 - A2

駿利亨德森遠見基金 - 亞太地產收益基金 - A2

相連基金名稱 駿利亨德森遠見基金 - 亞太地產股票基金 駿利亨德森遠見基金 - 亞太地產收益基金

05HE 投資選擇名稱 駿利亨德森遠見基金 - 亞太地產股票基金 - A2 - 歐元

駿利亨德森遠見基金 - 亞太地產收益基金 - A2 - 歐元

相連基金名稱 駿利亨德森遠見基金 - 亞太地產股票基金 駿利亨德森遠見基金 - 亞太地產收益基金

04HU 投資選擇名稱 駿利亨德森遠見基金 - 中國躍升基金 - A2 駿利亨德森遠見基金 - 中國機會基金- A2

相連基金名稱 駿利亨德森遠見基金 - 中國躍升基金 駿利亨德森遠見基金 - 中國機會基金

07HU 投資選擇名稱 駿利亨德森遠見基金 - 環球科技基金 - A2 駿利亨德森遠見基金 - 環球科技領先基金 - A2

相連基金名稱 駿利亨德森遠見基金 - 環球科技基金 駿利亨德森遠見基金 - 環球科技領先基金 2. 相連基金之投資目標、政策及策略之變更 a. 有關連繫至駿利亨德森遠見基金 - 中國躍升基金 - A2 (參考編號: 04HU) 之該相連基金 由生效日期起，該相連基金將把長／短倉策略改為淨長倉策略。為免生疑問，該相連基金現時以中國及香港股票（定義如下）為多元化核心的投資範圍並無改變，詳細解釋如下。 由生效日期起，香港銷售文件亦將澄清投資經理將可運用衍生工具降低風險及更有效率地管理該相連基金。產品資料概要所載的該相連基金投資目標及政策將修訂如下（更改以標明文本顯示）： “投資目標 子基金旨在提供長期資本增長。 投資策略 子基金透過建立長倉（及小部分短倉）將其至少80%的資產淨值淨資產投資於以下股票或股本相關工具：(i) • 註冊辦事處位於中國及香港的公司； • (ii)註冊辦事處並非位於中國及香港，但在中國及香港直接或透過子公司經營其大部分業務的公司。儘管如上所述，子基金將維持佔其淨資產至少 80%的淨長倉投資。

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子基金可投資於任何行業內任何規模的公司，包括小市值公司。 股票可包括透過滬港通及深港通及其他合資格交易所直接或透過衍生工具間接投資的中國A股。於中國A股的直接或間接投資參與將不會超過子基金資產淨值的50%。 股本相關工具可包括預託證券等。 子基金可透過結合直接投資及／或衍生工具（例如期貨、遠期合約、結構性金融衍生工具、股權互換（亦稱為差價合約）、掉期、期權及認股證）持有長倉；短倉則全部透過衍生工具達致。子基金的長倉將顯著多於短倉，因此對中國股票市場的相關性可能偏高。 子基金可運用衍生工具作為投資策略（廣泛地或主要為投資目的）、對沖及有效投資組合管理目的之一部分。 由於子基金的投資政策或投資組合管理技術，子基金的資產淨值可能具有較高波動性。在執行基本分析策略時，投資經理會應用「基礎分析」研究（關乎公司前景及價值），以識別出價位偏低或過高的證券，以及進行包括長倉及有擔保方向性短倉及配對交易在內的交易。 子基金可使用衍生工具（例如期貨、遠期合約、期權及認股證）降低風險及更有效率地管理子基金。在任何情況下，使用此等工具及技術不得導致子基金偏離其投資政策。 子基金的整體風險承擔運用相對風險價值法釐定及監控。預期子基金的槓桿水平為子基金資產淨值總額的 100%，此乃按照金融衍生工具在投資組合中的名義投資總和，包括為減低風險而持有者計算。 倘使用金融衍生工具符合子基金的投資目標及風險概況，在若干情況下，子基金的實際槓桿水平可能不時超過預期水平。預期槓桿水平是一個指標，並非具監管性的限制。預期槓桿水平將不時予以更新。 投資經理可將其他資產靈活投資於子基金的非首要地區或資產類別 投資經理可能不時會考慮就貨幣及利率風險進行對沖，但一般不會訂立任何貨幣或利率投機持倉的合約。 不超過子基金資產淨值的10%可投資於 UCITS 或其他 UCIs 的單位。 投資經理可將其他資產靈活投資於子基金的非首要地區或資產類別。 在附帶的基礎上，以及為達到防禦性目的，子基金可能會投資於：

•投資級別定息工具證券（例如可兌換債券、公司債券及政府債券和其相關聯屬衍生工具證券）；及 •貨幣市場工具，並可能會持有現金或國庫券，以待再作投資。

投資經理可能會考慮就貨幣及利率風險進行對沖，但一般不會訂立任何貨幣或利率投機持倉的合約。 子基金可從事證券借出交易。借出交易不可超過子基金資產淨值的50%。 現時，子基金並無意訂立回購及／或反向回購交易。 表現目標：子基金的目標是在任何五年期間，表現每年領先摩根士丹利中華10/40指數2.5%（扣除收費前）。 子基金參考摩根士丹利中華10/40指數進行積極管理，該指數廣泛代表子基金可能投資的公司，因其構成子基金表現目標的基礎。投資經理有酌情權為子基金選擇比重與指數不同或並非指數成份的投資，但子基金某些時候可持有與指數相若的投資。投資經理尋求物色可在行業及股票層面締造意料之外的盈利增長，而未被廣泛市場發掘的公司。” b. 有關連繫至駿利亨德森遠見基金 - 亞太地產股票基金 - A2(參考編號: 01HU)及駿利亨德森遠見基金 - 亞太地產股票基金 - A2 - 歐元(參考編號: 05HE ) 之該等相連基金

由生效日期起，該等相連基金的投資目標將由達致長期資本增值改為以收益為焦點，旨在提供可持續的收益水平。產品資料概要所載的該等相連基金投資目標及政策將修訂如下（更改以標明文本顯示）： “投資目標 子基金的投資目標是透過投資於位於亞太區及在受規管市場上市或交易的公司的掛牌證券或房地產投資信託基金（或同等投資工具），以尋求長期資本增值。 子基金旨在提供可持續的收益水平，而且股息收益高於富時EPRA Nareit發達亞洲紅利+指數的股息收益*，並具有長期資本增長潛力。 * 富時EPRA Nareit發達亞洲紅利+指數成份公司在過去12個月宣派的股息總額之加權平均。 投資策略 子基金將其資產淨值至少75%投資於註冊辦事處位於亞太地區並在受規管市場上市或交易，以及其主要大部分收入來自擁有、 開發及管理及／或開發亞太地區房地產的房地產公司的掛牌股票或股本相關工具或房地產投資信託基金（「REIT」）（或同等投資工具），而投資經理認為其可以提供較平均為高的股息或能反映此等前景。 投資經理可將其他資產靈活投資於子基金的非首要地區或資產類別。

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不超過子基金資產淨值的10%可投資於UCITS或其他UCIs的單位。 子基金可投資於任何規模的公司，包括小市值公司。儘管子基金將根據上述投資目標及策略作出投資，但子基金可投資於任何一個國家的資產淨值部分概無受任何限制所限。 股本相關工具可能包括預託證券。 子基金可使用金融衍生工具（例如期權、遠期外匯、利率掉期、差價合約，以及指數期貨、利率和債券）作對沖及／或有效投資組合管理用途。子基金不會廣泛使用金融衍生工具作對沖及／或有效投資組合管理用途，亦不會廣泛地或主要使用金融衍生工具以實現子基金的投資目標或作投資用途。 子基金可使用金融衍生工具（例如期貨、遠期合約、期權及認股證）降低風險及更有效率地管理子基金。在任何情況下，使用此等工具及技術不得導致子基金偏離其投資政策。 投資經理可能會不時考慮對沖貨幣及利率風險，但一般不會訂立涉及任何貨幣或利率投機持倉的合約。 不超過子基金資產淨值的10%可投資於UCITS或其他UCIs的單位。 投資經理可將其他資產靈活投資於子基金的非首要地區或資產類別。 在附帶的基礎上，以及為達到防禦性目的，子基金可能會投資於：

• 投資級別政府債券和其聯屬衍生工具； • 現金及貨幣市場工具。

子基金可從事證券借出交易。借出交易不可超過子基金資產淨值的50%。 現時，子基金並無意訂立回購及／或反向回購交易。 子基金參考富時EPRA Nareit發達亞洲紅利+指數進行積極管理，該指數廣泛代表子基金可能投資的證券，因其構成子基金投資目標中的子基金收益目標，以及可徵收業績表現費水平之基礎。投資經理有酌情權為子基金選擇比重與指數不同或並非指數成份的投資，但子基金某些時候可持有與指數相若的投資。投資經理尋求物色其主要收入來自亞太地區，並可提供定期和穩定股息及具長期資本增長潛力的上市房地產公司及REITs。投資程序遵循高確信度及「由下而上」（基本公司分析）的取向，旨在從不同投資範圍識別最佳的風險調整機會。 儘管子基金將根據上述投資目標及策略作出投資，但子基金可投資於任何一個國家的資產淨值部分概無受任何限制所限。” 現有及經修訂後之該等相連基金投資目標及政策的比較將於生效日期或前後登載於駿利亨德森網站www.janushenderson.com1。 3. 業績表現費及參考基準值的變更 由生效日期起，連繫至以下投資選擇之該等相連基金的業績表現費及相應的參考基準值更改如下表： 參考編號 投資選擇名稱 現時業績表現費/參考基準

值 更改後的業績表現費/參考基準值

理據

01HU 駿利亨德森遠見基金 - 亞太地產股票基金 - A2

現時用作計算業績表現費的參考基準值為富時EPRA Nareit純粹亞洲總回報淨紅利指數（限定資本）

用作計算業績表現費的新參考基準值將為富時EPRA Nareit發達亞洲紅利+指數（「指數」）

更適當地反映該等相連基金的投資政策及策略。

該等相連基金將參考指數/新基準值進行積極管理，該指數/新基準值廣泛代表基金可能投資的公司。然而，投資經理有酌情權為該等相連基金選擇比重與該指數/新基準值不同或並非指數/新基準值成份的投資，但該等相連基金某些時候可持有與指數/新基準值相若的投資。

05HE 駿利亨德森遠見基金 - 亞太地產股票基金 - A2 - 歐元

04HU 駿利亨德森遠見基金 - 中國躍升基金 - A2

業績表現費適用 現時用作計算業績表

現費的參考基準值為摩根士丹利中國指數

業績表現費將被刪除 用作計算業績表現費

的新參考基準值將為摩根士丹利中華10/40指數（「指數」）

07HU 駿利亨德森遠見基金 - 環球科技基金 - A2

現時獲豁免 現時用作計算業績表

現費的參考基準值為為摩根士丹利AC資訊技術指數

恢復徵收，將由相關金額*的20%減至10%

新參考基準值將為摩根士丹利 ACWI資訊技術指數 + 摩根士丹利 ACWI通訊服務指數（「新基準值」），該指數為單一結合定制指數

* 「相關金額」在香港銷售文件的定義為「相等於在相關業績表現期間每股資產淨值總額的增幅超過同一期間相關基準值的增幅的數額（或在基準值下降時，每股資產淨值的增長值）」。 有關更改參考基準值的影響 香港銷售文件所披露計算該等相連基金(駿利亨德森遠見基金 - 中國躍升基金 - A2(參考編號: 04HU)除外，其業績表現費將被刪除)業績表現費的機制將不會有任何改變。業績表現費將根據香港銷售文件所載，按照參考「每股目標資產淨值」的高水位原則計算。 有關業績表現費計算的進一步詳情，請參閱招股章程標題為「費用、收費及支出 - 業績表現費」一節及香港說明文件標題為「業績表現費」一節。

1 此網站並未經證監會審閱，並可能載有未經證監會認可及不可供香港投資者認購的該等相連基金的資料。

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4.有關以上變更的影響 (I部分1-3點) 董事確認與上述變更有關的成本及支出將由相關該等相連基金承擔。此等成本及支出將不會對各該等相連基金所產生的費用及支出構成重大影響。就此等變更所招致的成本以該等相連基金的資產月淨值而言屬微不足道。 上述變更不會對該等相連基金的整體風險概況構成任何變動。該等相連基金的運作及／或管理方式並無因此重大變動。該等相連基金投資者的權利或權益不會受到重大不利影響。 II. 基金文件變更 由生效日期起，該等相連基金的投資目標及政策將作出修訂以包括以下資料。 有關積極管理及使用指數／基準值（如有）的披露：

- 若該相連基金參考指數進行積極管理，該指數廣泛代表該相連基金投資的公司，並為評估各該相連基金的表現提供實用比較資料。投資經理有酌情權為該相連基金選擇比重與指數不同或並非指數成份的投資，但該相連基金某些時候可持有與指數相若的投資。

- 若該相連基金進行積極管理並參考現金基準值，投資經理有完全酌情權為該相連基金選擇投資，而不受相關現金基準值所限。

在相關情況下，各該相連基金將加入披露，以澄清指數／基準值亦可構成該相連基金表現目標、收益目標及可徵收業績表現費的水平之基礎。

有關連繫至以下投資選擇的該等相連基金的特定基金表現目標，詳情請参閱香港銷售文件。 參考編號 投資選擇名稱 04HU 駿利亨德森遠見基金 - 中國躍升基金 - A2 02HU 駿利亨德森遠見基金 - 環球地產股票基金 - A2 06HE 駿利亨德森遠見基金 - 環球地產股票基金 - A2 - 歐元 07HU 駿利亨德森遠見基金 - 環球科技基金 - A2 03HE 駿利亨德森遠見基金 - 泛歐地產股票基金 - A2

有關投資策略的披露

該等相連基金的投資目標及政策亦將加強，以澄清相關該相連基金的現有投資做法，例如使用衍生工具及該相連基金基金可在附帶的基礎上及為達到防禦性目的而作出的投資類別。

雜項行政、澄清及一般更新

1. 加強招股章程「投資及風險考慮」一節下的風險披露及一般更新； 2. 更新招股章程的中國稅務相關披露； 3. 更新招股章程內有關反攤薄措施及擺動定價的披露。為免生疑問，此等更新僅作澄清及加強披露用途。各該等

相連基金現時的擺動定價政策並無實際改變。 4. 招股章程的一般更新及加強風險披露； 5. 更新招股章程「更多資料」一節下「10.投資限制」分節，以反映就該相連基金在與投資經理或其聯屬公司有關

連的UCITS和其他UCIs的投資而言，相關該相連基金的該部分資產無需支付管理費。本公司將在其年報指明向相關該相連基金及該相連基金所投資的UCITS和其他UCIs在相關期間內徵收的管理費總額。其他修訂包括但不限於說明投資於商品、貴金屬及利率掉期的投資限制，以反映相關UCITS監管規定。

6. 更新招股章程「董事、管理及行政」一節下的本公司及管理公司董事名單； 7. 更新有關本公司或該相連基金清盤時的未經申索的所得款項之披露，以作澄清；及 8. 其他雜項、行政、澄清、編輯、修飾及一般整理修訂。

香港銷售文件亦將作出以上修訂。 為免生疑問，上述基金文件變更僅作加強披露用途。此等基金文件變更不會導致風險概況或該等相連基金的管理方式改變，而且基金文件變更符合該等相連基金的現有投資目標及政策。

應採取的行動

若您欲在上述變動後繼續投資該等投資選擇，您毋須採取任何行動。否則，您可透過一般的申請程序，要求將在該等投資選擇的單位或日後的定期保費/供款(如適用)轉至其他投資選擇。根據您保單內之現時收費基制，投資選擇的轉換將不會被收取任何轉換費用。

投資涉及風險，有關保單計劃、於保單計劃內可供銷售的投資選擇及連繫至投資選擇的該等相連基金的詳細資料(包括但不限於任何投資選擇的投資目標及政策，風險因素及費用)，您可參閱保單計劃的最新銷售文件(尤其是名為「投資選擇刊物」的文件)及該等相連基金的銷售文件，這些文件可按要求向我們索取並不收取費用。亦可同時瀏覽我們的網頁 www.standardlife.hk。

如需進一步協助，請聯絡您的理財顧問，或致電+852 2169 0300 與客戶服務部聯絡，辦公時間為星期一至星期五，上午九時至下午五時三十分。

標準人壽保險(亞洲)有限公司 客戶服務部 謹啟

日期: 2020年6月22日