The Matthews Pacific Tiger Fund closed to most new investors on June 7, 2006. The closing does not impact existing shareholders, who may continue to purchase shares.

Who Can Invest in a Closed Fund?

If you are a shareholder of the Fund when it closed and your account remains open, you may make additional investments in the Fund or open additional accounts in the Fund under the same primary Social Security Number. To establish a new account in a closed Fund, you must provide written proof of your existing account (e.g., a copy of the account statement) to the Fund. A request to open a new account in a closed Fund will not be deemed to be "in good order" until you provide sufficient written proof of existing Fund ownership to the Fund or its representative. In addition, the following categories of investors may continue to invest in a closed Fund:

• Financial advisors with existing clients in the Fund
• Retirement plans and their participants that currently may invest in the Fund
• Fee-based programs with existing clients in or allocations to the Fund
• Employees of the Fund’s Advisor and their family members
• Trustees, officers and employees of the Funds

Please note that some intermediaries may be unable to operationally accommodate additional investments in a closed fund. The Funds’ Board of Trustees reserves the right to close a fund at any time (including closing the Fund to one or more of the above categories of investors) or to re-open one or more closed Funds to all investors at any future date. If you have any questions about whether you are able to purchase shares of a closed fund, please call
800-789-ASIA [2742].

Why is the Matthews Pacific Tiger Fund closing?
The Matthews Pacific Tiger Fund has historically invested in companies with a broad range of capitalization, including large, mid and small cap companies in the portfolio. After a sizeable increase in assets over the last year, we believe it is appropriate to significantly limit flows of new assets into the Fund.

When is the Matthews Pacific Tiger Fund closing?
Starting June 8, 2006 the Matthews Pacific Tiger Fund will close to most new investors.

Will current shareholders be able to continue to purchase shares in the Matthews Pacific Tiger Fund?
Current shareholders of the Matthews Pacific Tiger Fund who were invested at the time of closing will be able to make additional investments in the Fund or open additional accounts in the Fund under the same primary Social Security Number.

What other Matthews Asian Funds are closed?
The Matthews Asian Growth and Income Fund was closed to most new investors on
November 28, 2003. The other Matthews Asian Funds are currently open to new investors.

Do you plan to close any other funds, or re-open a closed fund?
We continuously monitor the assets of the Funds to determine whether it is appropriate to restrict flows of a particular fund in order to protect the interests of existing shareholders. To date, we have restricted flows through a "soft close" that still allows certain investors and existing shareholders to purchase shares of a closed fund. It is possible that we may further restrict the ability of investors to purchase a closed fund in the future. Conversely, we may also consider re-opening a fund that is closed, depending on asset size and market conditions.

Are you accepting applications into the Matthews Pacific Tiger Fund from new investors as of a certain date?
Yes, new applications will be accepted, as long as they are postmarked on or before
June 7, 2006.

Are you going to launch another version of the Matthews Pacific Tiger Fund?
No, we do not intend to launch a parallel 40 Act Fund to the Matthews Pacific Tiger Fund. To sign up to receive fund family updates via e-mail including dividend dates and estimates, fund launches, and other fund information, please sign up for Occasional Fund Updates.

Can I perform a fund exchange into the Matthews Pacific Tiger Fund?
Starting June 8, 2006 you will no longer be allowed to exchange into the Matthews Pacific Tiger Fund unless you are already an existing shareholder of the Fund.

If I used to hold shares in the Matthews Pacific Tiger Fund, but do not at present, will I be able to purchase shares after it closes?
Unless you were a shareholder of the Matthews Pacific Tiger Fund at the time of closing and still have a position in the Fund, you will not be able to purchase shares after it closes.

Will I be able to invest in the Matthews Pacific Tiger Fund through a third-party distribution channel such as Schwab or Fidelity?
Existing accounts through third-party distribution channels such as Schwab and Fidelity will be able to make additional investments into the Fund.

If I own the Fund at a third-party distribution channel, can I open up accounts at another channel?
Yes, provided you are an existing shareholder of the Fund and open an account under the same primary social security number.

If the Matthews Pacific Tiger Fund is an option in my 401K plan, will I be able to purchase shares after it closes?
Yes, the Fund will be available to participants of 401K plans, that offer the Matthews Pacific Tiger Fund as an investment option.

If I am an existing shareholder in the Matthews Pacific Tiger Fund, can I continue to purchase shares?
Yes, except if you redeem or exchange out completely from the Fund in the future, in which case you will not be able to reinvest starting June 8, 2006.

I recently hired an advisor whose other clients own the Matthews Pacific Tiger Fund. Will I be able to purchase the Matthews Pacific Tiger Fund?
Yes, the advisor will be able to purchase shares in the Matthews Pacific Tiger Fund on your behalf.

How can I be informed of future fund re-openings/closings just in case one of your closed funds re-opens?
To sign up to receive fund family updates via e-mail including dividend dates and estimates, fund launches, and other fund information, please sign up for Occasional Fund Updates.

I am a Financial Advisor, can I invest in the Matthews Pacific Tiger Fund on behalf of my clients?
Financial Advisors with existing clients in the Matthews Pacific Tiger Fund may continue to invest in the Fund for all of their clients, even those clients that do not yet have a position in the Fund.