Sun Life Rainbow ORSO Scheme

Units of the Investment Choices are valued once per dealing day which will be any day on which banks in Hong Kong are open for business (excluding Saturdays), with the fund prices published in our company website at www.sunlife.com.hk. For more details on the investment choices, please refer to the Principal Brochure.

Since 30 November 2018, the statement of investment and policy objectives and/or risk factors of the Sun Life ORSO Allianz Asian Equity Fund, Sun Life ORSO Allianz Capital Stable Fund, Sun Life ORSO Allianz Stable Growth Fund, Sun Life ORSO Allianz Balanced Fund, Sun life ORSO First Sentier Stable Income Fund, Sun Life ORSO First Sentier Balanced Portfolio Fund and Sun Life ORSO First Sentier Progressive Growth Fund have been changed/updated. For more details, please refer to the latest Principal Brochure of the Scheme

The following table describes the fees, charges and expenses that participating employers and members may pay upon and after joining the Plan. Important explanatory notes and definitions are set out at the bottom of the table.

Explanatory Notes

1. In respect of any increase in fees and charges from the current level as stated, prior notice of not less than one month, subject to the applicable regulatory requirements, must be given to all participants.
2. In addition to the above, other costs including but not limited to the following may also be deducted from the assets of the Investment Choices at the Plan level and the underlying fund level (as applicable):
   • Any transaction costs, charges and expenses including tax, stamp duty, registration fee, custody and nominee charges
   • Annual fees paid to regulatory authorities
   • Bank charges
   • Postage and courier fees
   • The costs of investing and realizing the investments of any Investment Choice
   • The costs of preparing, publishing and distributing Principal Brochure and other related materials
   • Out-of-pocket expenses incurred by the Trustee or the investment manager(s) of any Investment Choice(s) wholly and exclusively in the performance of their duties
   • Legal costs incurred in preparing the application forms and payable by the relevant participating employers
   • Auditor’s fee (or as adjusted to reflect the inflationary impact)
   • Costs and expenses (including the legal costs) in preparing the Amending Deed dated 21 June 2010 in relation to the Plan and any supplemental deeds or relevant documents in relation to the Plan including any costs and expenses (including the legal costs) in seeking any necessary regulatory approvals for any of the above documents or generally in relation to the Plan
   • Fees for providing valuation and accounting services, sub-custodian services and any other fees
   • Any other fees and charges as set out in the Trust Deed.
3. The management fees will accrue on each dealing day.
4. Certain costs for restructuring the Plan in or around 2010 include legal costs and costs for seeking the necessary regulatory approvals. Such costs amount to approximately HKD1.5 million. Such costs have been amortized over the period from 1 January 2011 to 31 December 2012.
5. The Trustee reserves the right to reduce or waive any such fees, charges or spreads for any participant of the Plan.