Matthews International Funds

10/01/2021 | Press release | Distributed by Public on 10/01/2021 10:18

Filing by Investment Company (SEC Filing - 497)

Form 497

MATTHEWS ASIA FUNDS

SUPPLEMENT DATED OCTOBER 1, 2021

TO THE STATEMENT OF ADDITIONAL INFORMATION

DATED APRIL 30, 2021, AS SUPPLEMENTED (THE "SAI")

For all existing and prospective shareholders of Matthews Asia Dividend Fund:

Effective immediately, S. Joyce Li, CFA, previously a Co-Manager of the Matthews Asia Dividend Fund, will act as a Lead Manager of the Matthews Asia Dividend Fund. Therefore, effective immediately, the following disclosure is added to the table under the heading "Management of the Funds - Trustees and Officers" on page 43 of the SAI:

Name and

Year of Birth

Position(s) Held
with the Trust
Term of Office
and Length of
Time Served
Principal Occupation(s) During Past 5 Years

OFFICERS WHO ARE NOT TRUSTEES1

S. Joyce Li, CFA

Born 1978

Vice President Since 2021 Portfolio Manager (since 2017), Senior Research Analyst
(2016-2017), Matthews (Investment Management).

In addition, effective immediately, the following disclosure is added to the table under the heading "Management of the Funds - Portfolio Managers" on page 71 of the SAI:

Name of Portfolio Manager

Account

Category

Number

of

Accounts

Total Assets in

Accounts

Number of

Accounts

Where

Advisory Fee

is Based on

Account

Performance

Total Assets

in Accounts

Where

Advisory Fee

is Based on

Account

Performance

S. Joyce Li, CFA*

Lead Manager of the Matthews Asia Dividend Fund; Co-

Manager of the Matthews China Dividend Fund

Registered Investment Companies

Other Pooled Investment Vehicles

Other Accounts

0

1

0

0

238,837,531

0

0

0

0

0

0

0

*

Information for Ms. Li is provided as of August 31, 2021.

In addition, effective immediately, the following disclosure is added to the table under the heading "Management of the Funds - Portfolio Managers" on page 75 of the SAI:

Name of

Portfolio Manager

Dollar Range of Equity Securities in each Fund

S. Joyce Li**

• Matthews Asia Dividend Fund

• Matthews China Dividend Fund*

• Matthews Asia Innovators Fund*

• Matthews Emerging Markets Equity Fund*

Over $100,000

$10,001-$50,000

$1-$10,000

$1-$10,000

* The Portfolio Manager does not have responsibility for the day-to-day management of this Fund's portfolio.

** Information regarding equity securities beneficially owned by Ms. Li is provided as of August 31, 2021.

Please retain this Supplement with your records.

ST066