Announcement for November 20, 2019 at 04:08 PM GMT

THIS IS AN ANNOUNCEMENT FOR THE MSCI CHINA ALL SHARES INDEXES

COUNTRY CODE                CN
SECURITY NAME               ARTGO HOLDINGS
STANDARD ALL SHARES         NOT ADDED
LARGE CAP ALL SHARES        -
MID CAP ALL SHARES          NOT ADDED
ASIA APEX 50                -
TYPE OF EVENT               QUARTERLY INDEX REVIEW
EFFECTIVE DATE              November 27, 2019

Following further analysis and feedback from market participants on
investability, contrary to what was announced on November 7, 2019, MSCI will not
add ARTGO HOLDINGS to the MSCI Indexes as part of the
November 2019 Semi-Annual Index Review.

MSCI will continue monitoring ARTGO HOLDINGS. The security will not be added to
the MSCI Indexes until further notice.

THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES

                                     End of announcement.
                                     Further announcements may occur as needed.