Balanced Allocation in Volatile Markets: Exploring Opportunities in the Hang Seng China Enterprises Index, Gold Covered Calls, and Chinese Semiconductors

[For Hong Kong Investors Only] As Hong Kong’s largest issuer of Covered Call ETFs, Global X currently offers a diversified range of Covered Call ETFs tailored to different regions, thematic preferences, and income objectives¹.Global X Hang Seng China Enterprises Covered Call Active ETF (3416/9416/83416) $Global X HSCEI Covered Call Active ETF (03416.HK)$$Global X HSCEI Covered Call Active ETF (09416.HK)$$Global X HSCEI Covered Call Active ETF (83416.HK)$$HSCEI (LIST91333.HK)$ Since its inception over two years ago, it has consistently delivered monthly distributions².

On February 28, 2024, Global X became the first to launch Hong Kong’s inaugural covered call ETFs, offering income-focused investors an innovative investment opportunity to flexibly allocate assets through diversified ETFs and receive potential distributions (distributions and distribution rates are not guaranteed and may be paid from capital).

This strategy generates potential additional income by selling covered call options on the underlying stocks—a feature particularly valued in uncertain or volatile markets.

Amid a complex macro environment, we have further extended this income strategy into the commodities space.Global X Gold Covered Call Active ETF* (3533) $Global X Gold Covered Call Active ETF (03533.HK)$ (*This fund is a synthetic exchange-traded fund), offering investors an innovative tool for gold exposure.

Beyond income strategies, Global X is also actively expanding into thematic investing.Global X China Semiconductor ETF (3191) $Global X China Semiconductor ETF (03191.HK)$ This ETF is positioned to capture the overarching macro trend of 'self-reliance and control' in China’s semiconductor industry. With surging domestic demand for AI computing power, the localization drive across semiconductor equipment, materials, and advanced packaging is accelerating rapidly. Amid external technology restrictions, local supply chains are seeing sustained order growth, potentially marking the beginning of a policy- and capital-driven upcycle for China’s semiconductor sector (Source: Mirae Asset, June 2026).

Speaker Profile: Polly Yeung is currently an ETF Sales Consultant at Global X ETFs (Hong Kong). Prior to joining Global X ETFs, Polly served as an Assistant in Fund and Alternative Investment Sales at Bank of Singapore (Hong Kong). She graduated from the University of Sunderland in London with a Bachelor’s degree in International Business.

1 Selling covered calls may limit the potential capital appreciation of the underlying index above the strike price.

Distributions do not represent positive returns. Distributions paid from capital or effectively from capital constitute a return or withdrawal of part of the investor’s original investment or their share of any capital gains. Any such distributions may result in an immediate reduction in the fund’s net asset value per share and reduce capital available for future investment.

3. Payment of distributions does not imply positive returns. Distribution frequency is determined at the manager’s discretion on a monthly basis (if any). Distribution yield is not guaranteed, and dividends may be paid out of capital. Investments involve risks. Past performance is not indicative of future results. Investors should refer to the fund’s prospectus (including the Key Facts Statement) for details, including risk factors. Distributions and distribution yields are not guaranteed and may be paid out of capital. Selling covered call options may limit the potential capital appreciation of the underlying index above the strike price. This material is issued by Mirae Asset Global Investments (Hong Kong) Limited (licensed by the Securities and Futures Commission (“SFC”) for Type 1, 4, and 9 regulated activities under the Securities and Futures Ordinance). This material has not been reviewed by the SFC or any other applicable regulatory authority in the jurisdiction. Holdings are subject to change. Polly Yeung is licensed by the SFC to carry out Type 1, 4, and 9 regulated activities under the Securities and Futures Ordinance. She and her associates do not hold any securities/funds mentioned in this material.

For risk disclosures and information about the above funds, please visit the Global X ETFs Hong Kong website.https://www.globalxetfs.com.hk/zh-hant/fundlist/。

This content is for reference and illustrative purposes only, intended solely for Hong Kong investors, and does not constitute an invitation, offer, or recommendation to buy or sell any securities or other financial instruments. This document is provided as general market commentary only and does not constitute any form of regulated financial advice, legal, tax, or other regulated services.

The opinions and data discussed or referenced herein are current as of the publication date. Certain statements in this content constitute our expectations and forward-looking statements. These expectations, opinions, and views are based on numerous assumptions that may ultimately prove incorrect or not materialize, and are subject to change without notice. Investing involves risk. Past performance is not indicative of future results. Investment in the relevant fund may involve potential risks, including general investment risk, active/passive investment risk, interest rate risk, risks associated with bank deposits, concentration risk, currency risk, trading risk, credit rating risk, downgrade risk, credit/counterparty risk, and the risk of distributions paid from capital. Investment in the relevant covered call actively managed ETF may also involve potential risks (where applicable), including active investment management risk, futures contract risk, margin requirement risk, clearing house default risk, concentration risk, securities lending transaction risk, currency risk, distribution from capital risk, and trading risk. There can be no assurance that the fund’s performance will generate returns; it is possible that no return will be generated or that the investment amount may be lost. Investors should read the fund prospectus for details and risk factors before making any investment decision. Investors should ensure they fully understand the risks involved in investing in the fund and consider their own investment objectives and risk tolerance. Independent professional advice should be sought before making any investment. Investors must decide for themselves whether to rely on the information contained herein.

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This material is issued by Mirae Asset Global Investments (Hong Kong) Limited (licensed by the Securities and Futures Commission for regulated activities under Classes 1, 4, and 9 of the Securities and Futures Ordinance). This material has not been reviewed or approved by the Hong Kong Securities and Futures Commission or any applicable regulatory authority in the jurisdiction. No part of this publication may be reproduced in any form or referenced in any other publication without the prior written consent of Mirae Asset Global Investments (Hong Kong) Limited.

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