China Century Fund Ltd.

Class B

Fund Investment Objectives

The Fund's principal aim is to give investors the possibility to participate in the growth and development of the Greater China Area through a diversified portfolio of equity long/short funds. To this end, the Fund will invest with a limited number of carefully selected hedge fund managers with a proven track record of successfully adding alpha with respect to the broad Chinese equity market. The Fund currently invests in China long only funds with mid-cap focus, Mainland China long/short funds and Greater China long/short funds. One of the underlying funds invests part of the portfolio in PIPEs as an opportunity to hit a favorable entry point in stocks with strong potential. All of the underlying funds put a particular stress on bottom-up research on the companies they invest in. AUM combines both share classes.