497 1 matthews_497e.txt MATTHEWS ASIAN FUND 497E Supplement dated December 28, 2007 To the Prospectus of Matthews Asian Funds Dated April 30, 2007 Effective January 1, 2008. The following supplements the Portfolio Managers section on pages 22, 30, 34 and 46, and the Management of the Funds - Portfolio Managers section on pages 52 through 54 with respect to the Matthews Pacific Tiger, Matthews Asian Technolgy, Matthews China, and Matthews Korea Funds: The Co-Lead Managers for the Matthews Pacific Tiger Fund are Richard H. Gao and Sharat Shroff. The Co-Manager for the Matthews Pacific Tiger Fund is Mark W. Headley. The Co-Managers for the Matthews Asian Technology Fund are Mark W. Headley and Lydia So. The Co-Managers for the Matthews China Fund are Mark W. Headley and Andrew Foster. The Lead Manager for the Matthews Korea Fund is J. Michael Oh. The Co-Managers for the Matthews Korea Fund are Mark W. Headley and Michael Han. Michael B. Han, CFA is Co-Manager of the Matthews Korea Fund. Prior to joining Matthews International Capital Management, LLC in 2007, he was a buy-side Equity Analyst at Luxor Capital Group researching investment opportunities in Asian markets including Korea, Japan, Hong Kong and China. From 2002 to 2005, he was an Investment Manager at Crystal Investment Group, a private equity firm in Seoul, Korea. Michael started his career as a Consultant in the Seoul office of KPMG. Michael received a B.A. in Business from Yonsei University in Seoul, Korea and an M.B.A. from Columbia University. Lydia So is Co-Manager of the Matthews Asian Technology Fund. Prior to joining Matthews International Capital Management, LLC in 2004, she was a Portfolio Associate at RCM Capital Management focusing on U.S. large-cap equities. Lydia started her investment career at Kochis Fitz Wealth Management in 1999 as an Investment Operations Specialist. Lydia received a B.A. in Economics from the University of California, Davis. Matthews Asian Funds are distributed by PFPC Distributors, Inc. Supplement dated December 28, 2007 To Statement of Additional Information of Matthews Asian Funds Dated April 30, 2007 Effective January 1, 2008. The following replaces the Portfolio Managers section on pages 42-45 of the Statement of Additional Information:
NUMBER OF ACCOUNTS TOTAL ASSETS IN TOTAL WHERE ADVISORY FEE ACCOUNTS WHERE NAME OF ACCOUNT NUMBER OF ASSETS IN IS BASED ON ADVISORY FEE IS BASED PORTFOLIO MANAGER CATEGORY ACCOUNTS ACCOUNTS ACCOUNT PERFORMANCE ON ACCOUNT PERFORMANCE ================================================================================================================================ G. PAUL MATTHEWS Registered 0 0 0 0 Lead Portfolio Manager of Investment the Matthews Asian Growth Companies and Income Fund -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 1 $552,564,892 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ MARK W. HEADLEY (6) Registered 0 0 0 0 Co-Portfolio Manager of the Investment Matthews Pacific Tiger Fund, Companies China, Korea, and Asian Technology and Funds -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 0 0 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ RICHARD H. GAO (7) Registered 0 0 0 0 Lead Portfolio Manager of Investment the Matthews China Fund; Companies Co-Lead Portfolio Manager of the Matthews Pacific Tiger Fund -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 1 $26,101,864 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 3 $553,267,094 0 0 --------------------------------------------------------------------------------------------------------------------------------
================================================================================================================================ J. MICHAEL OH (1) Registered 0 0 0 0 Lead Portfolio Manager of Investment the Matthews Asian Companies Technology and Korea Funds -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 0 0 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ ANDREW T. FOSTER (8) Registered 0 0 0 0 Lead Portfolio Manager of Investment the Matthews Asia Pacific Companies Equity Income and India Funds; Co-Portfolio Manager of the Matthews Asian Growth and Income and China Funds -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 1 $335,676,888 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ TAIZO ISHIDA (2,3) Registered 0 0 0 0 Lead Portfolio Manager of Investment the Matthews Japan and Asia Companies Pacific Funds -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 1 $8,362,681 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ JESPER MADSEN Registered 0 0 0 0 Co-Portfolio Manager of the Investment Matthews Asia Pacific Equity Companies Income Fund -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 0 0 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 --------------------------------------------------------------------------------------------------------------------------------
================================================================================================================================ SHARAT SHROFF (4,5) Registered 0 0 0 0 Co-Lead Portfolio Manager of Investment the Matthews Pacific Tiger Companies Fund; Co-Portfolio Manager of the Matthews India and Asia Pacific Funds -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 1 $26,101,864 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 3 $553,267,094 0 0 ================================================================================================================================ MICHAEL HAN (9) Registered 0 0 0 0 Co-Portfolio Manager of the Investment Matthews Korea Fund Companies -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 0 0 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 ================================================================================================================================ LYDIA SO (10) Registered 0 0 0 0 Co-Portfolio Manager of the Investment Matthews Asian Technology Companies Fund -------------------------------------------------------------------------------------------------------------------------------- Other Pooled 0 0 0 0 Investment Vehicles -------------------------------------------------------------------------------------------------------------------------------- Other Accounts 0 0 0 0 --------------------------------------------------------------------------------------------------------------------------------
(1) Mr. Oh was named Lead Manager of the Matthews Korea Fund in September 2007. (2) Mr. Ishida were named Lead Portfolio Manager of the Matthews Japan Fund in April 2007. (3) Mr. Ishida was named Lead Portfolio Manager of the Matthews Asia Pacific Fund in August 2007. (4) Mr. Shroff was named Co-Portfolio Manager of the Matthews Asia Pacific Fund in January 2007. (5) Mr. Shroff was named Co-Lead Portfolio Manager of the Matthews Asia Pacific Tiger Fund in January 2008. (6) Mr. Headley was named Co-Manager of the Matthews Pacific Tiger and Korea Funds in January 2008. (7) Mr. Gao was named Co-Lead Portfolio Manager of the Matthews Asia Pacific Tiger Fund in January 2008. (8) Mr. Foster was named Co-Portfolio Manager of the Matthews China Fund in January 2008. (9) Mr. Han was named Co-Portfolio Manager of the Matthews Korea Fund in January 2008. (10) Ms. So was named Co-Portfolio Manager of the Matthews Technology Fund in January 2008. The following supplements the Portfolio Managers section on pages 46-47 of the Statement of Additional Information: -------------------------------------------------------------------------------- DOLLAR RANGE OF NAME OF PORTFOLIO MANAGER EQUITY SECURITIES IN THE FUND -------------------------------------------------------------------------------- Michael Han (1) [ ] Matthews Korea Fund ($1-$10,000) -------------------------------------------------------------------------------- Lydia So (1) [ ] Matthews Asia Pacific Fund ($1-$10,000) [ ] Matthews Pacific Tiger Fund ($10,001-$20,000) -------------------------------------------------------------------------------- (1) As of December 2007