Effective on or about November 9, 2017, the KraneShares CSI China Internet ETF will transfer its primary listing to NYSE Arca and will no longer be listed on the NASDAQ Stock Market LLC

Effective on or about November 9, 2017, the Fund will transfer its primary listing to NYSE Arca, Inc. (“NYSE Arca”) and will no longer be listed on the NASDAQ Stock Market LLC (“NASDAQ”). Also effective as of such date, all references in the Fund’s Prospectuses and Statement of Additional Information to NASDAQ are hereby changed to NYSE Arca.