OREANDA-NEWS. May 26, 2011. Bank of East Asia (Trustees) Limited (“BEA Trustees”), a wholly-owned subsidiary of The Bank of East Asia (“BEA”), announces that it will lower management fees (also known as Sponsor's fees in the Explanatory Memorandum of the BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme) for three Mandatory Provident Fund (“MPF”) constituent funds starting from 1st June, 2011, reported the press-centre of BEA.

The management fees for two MPF Conservative Funds under the BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme will be reduced from 1.20% to 0.79% per annum, while the management fee for the BEA (MPF) Global Bond Fund under BEA (MPF) Master Trust Scheme will be reduced from 1.45% to 0.99% per annum. This translates into a management fee reduction of up to 34% for the MPF Conservative Funds and 32% for the Global Bond Fund.

Mr. Patrick C.M. Li, BEA Trustees’ Director & Chief Executive says, “We are dedicated to providing our customers with quality MPF services at competitive prices. We are confident that this reduction in management fees will be warmly welcomed by our existing MPF members, and further enhance our competitiveness in the marketplace.”

BEA Trustees is one of only two trustees authorised to offer both the Master Trust Scheme and the Industry Scheme in Hong Kong. As of 31st March, 2011, over 480,000 members have joined BEA’s two MPF schemes with total assets under management exceeding HKD 13 billion. For more information on BEA Trustees’ MPF services, please visit www.hkbea.com.

Risk Disclaimer:
Investments inherently involve risks and the prices of units may go down as well as up. Past performance is not indicative of future performance. For further details including the product features and risks involved, please refer to the Explanatory Memorandum of the relevant Scheme.

Issuer: Bank of East Asia (Trustees) Limited.

About Bank of East Asia (Trustees) Limited
A member of the BEA Group, BEA Trustees has been dedicated to providing trustee services to large retirement schemes since its establishment in 1975. BEA Trustees acts as trustee/custodian/administrator to authorised unit trusts in Hong Kong and offers a comprehensive range of quality MPF services through the BEA (MPF) Master Trust Scheme and BEA (MPF) Industry Scheme to both corporate and personal members. For more information on BEA Trustees’ MPF services, please visit www.hkbea.com.

About The Bank of East Asia
Incorporated in Hong Kong in 1918, BEA is dedicated to providing comprehensive retail banking, commercial banking, wealth management, and investment services to its customers in Hong Kong and other major markets around the world. BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HKD 534.2 billion (USD68.7 billion) as of 31st December, 2010. The Bank is listed on The Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index.