Fund Performance through May 31, 2008

				Avg. Annual Total Returns as of 05/31/08
	YTD as of 7/3/08	May '08	3 Month	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Matthews Asia Pacific Equity Income (MAPIX)	-7.03%	0.17%	6.27%	10.47%	n/a	n/a	n/a	17.95%	10/31/06
Matthews Asian Growth and Income (MACSX) Closed to most new investors » details	-9.77%	-0.61%	3.06%	8.93%	18.66%	21.82%	18.64%	12.77%	9/12/94
Matthews Asia Pacific (MPACX)	-17.93%	-2.68%	2.57%	-1.88%	13.84%	n/a	n/a	14.55%	10/31/03
Matthews Pacific Tiger (MAPTX) Closed to most new investors » details	-22.15%	-3.02%	0.56%	8.01%	23.08%	27.92%	19.77%	9.95%	9/12/94
Matthews Asian Technology (MATFX)	-23.16%	-0.68%	3.04%	2.09%	17.61%	22.29%	N/A	-0.86%	12/27/99
Matthews China (MCHFX)	-26.91%	-1.53%	1.49%	23.65%	37.32%	32.00%	17.35%	15.10%	2/19/98
Matthews India (MINDX)	-39.48%	-9.41%	-8.43%	6.92%	n/a	n/a	n/a	28.96%	10/31/05
Matthews Japan (MJFOX)	-8.59%	0.54%	7.10%	-9.24%	0.65%	13.54%	n/a	6.47%	12/31/98
Matthews Korea (MAKOX)	-27.13%	-5.69%	-4.04%	-10.62%	17.26%	22.86%	25.37%	6.01%	1/3/95

All performance is in US$ with gross dividends reinvested.

Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Unusually high returns may not be sustainable. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Funds’ fees and expenses had not been waived.

Fund Performance through March 31, 2008

				Avg. Annual Total Returns as of 03/31/08
	YTD as of 7/3/08	March '08	3 Month	1 Year	3 Year	5 Year	10 Year	Since Inception	Inception Date
Matthews Asia Pacific Equity Income (MAPIX)	-7.03%	1.02%	-3.11%	11.68%	n/a	n/a	n/a	16.05%	10/31/06
Matthews Asian Growth and Income (MACSX) Closed to most new investors » details	-9.77%	-0.05%	-4.25%	13.59%	18.21%	23.21%	17.63%	12.68%	9/12/94
Matthews Asia Pacific (MPACX)	-17.93%	-1.26%	-8.97%	3.05%	12.49%	n/a	n/a	14.16%	10/31/03
Matthews Pacific Tiger (MAPTX) Closed to most new investors » details	-22.15%	-2.89%	-11.99%	18.49%	22.42%	31.43%	16.59%	9.79%	9/12/94
Matthews Asian Technology (MATFX)	-23.16%	-3.86%	-16.22%	4.59%	15.34%	25.11%	n/a	-1.71%	12/27/99
Matthews China (MCHFX)	-26.91%	-8.17%	-22.45%	27.56%	32.00%	31.45%	13.79%	14.23%	2/19/98
Matthews India (MINDX)	-39.48%	-7.20%	-22.95%	32.10%	n/a	n/a	n/a	31.98%	10/31/05
Matthews Japan (MJFOX)	-8.59%	1.02%	-4.19%	-15.48%	-2.50%	14.01%	n/a	5.92%	12/31/98
Matthews Korea (MAKOX)	-27.13%	-3.86%	-16.46%	4.17%	18.12%	29.35%	21.30%	6.10%	1/3/95

Fiscal Year 2007 Gross Expense Ratio1	Gross%
Matthews Asia Pacific Equity Income (MAPIX) 2	1.41
Matthews Asian Growth and Income (MACSX)	1.15
Matthews Asia Pacific (MPACX)	1.20
Matthews Pacific Tiger (MAPTX)	1.10
Matthews Asian Technology (MATFX)	1.25
Matthews China (MCHFX)	1.17
Matthews India (MINDX)	1.28
Matthews Japan (MJFOX)	1.23
Matthews Korea (MAKOX)	1.21

¹ Ratio has been restated to reflect current management and administrative and shareholder servicing fees expected to be incurred by the Funds and paid to the Advisor. Matthews Asian Funds do not charge 12b-1 fees.

² The Advisor has contractually agreed to waive fees and reimburse expenses to the extent needed to limit total annual operating expenses to 1.50% until October 31, 2009. Matthews Asian Funds do not charge 12b-1 fees.

Daily Prices

Fund	7/3/08	Change from 7/2/08	YTD as of 7/3/08
Matthews Asia Pacific Equity Income (MAPIX)	$11.01	-0.02	-7.03%
Matthews Asian Growth and Income (MACSX) (Closed to most new investors – details » )	$17.19	-0.02	-9.77%
Matthews Asia Pacific (MPACX)	$14.19	-0.02	-17.93%
Matthews Pacific Tiger (MAPTX) (Closed to most new investors – details »)	$21.69	-0.17	-22.15%
Matthews Asian Technology (MATFX)	$7.53	+0.04	-23.16%
Matthews China (MCHFX)	$29.04	-0.16	-26.91%
Matthews India (MINDX)	$14.79	-0.23	-39.48%
Matthews Japan (MJFOX)	$13.30	+0.08	-8.59%
Matthews Korea (MAKOX)	$4.78	-0.06	-27.13%

 

Assumes reinvestment of all dividends and/or distributions before taxes. All performance quoted represents past performance and is no guarantee of future results. Unusually high returns may not be sustainable. Investment return and principal value will fluctuate with market conditions so that when redeemed, shares may be worth more or less than their original cost. Current performance may be lower or higher than the return figures quoted. Returns would have been lower if certain of the Fund’s fees and expenses had not been waived. View the Fund’s most recent month-end performance. View the Fund’s most recent quarter-end performance.

Morningstar® Ratings™ as of May 31, 2008 

The Overall Morningstar® Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and (if applicable) ten-year ratings. Past performance is no guarantee of future results.

		Morningstar® Rating™				Fund
Fund	Morningstar Category	Overall	3 Year	5 Year	10 Year	Inception Date
Matthews Asian Growth and Income (MACSX) Closed to most new investors » details	Pacific/Asia ex-Japan	out of 81 funds	out of 81 funds	out of 67 funds	out of 55 funds	9/12/94
Matthews Asia Pacific (MPACX)	Diversified Pacific/Asia	out of 25 funds	out of 25 funds	n/a	n/a	10/31/03
Matthews Pacific Tiger (MAPTX) Closed to most new investors » details	Pacific/Asia ex-Japan	out of 81 funds	out of 81 funds	out of 67 Funds	out of 55 funds	9/12/94
Matthews Asian Technology (MATFX)	Specialty Technology	out of 258 funds	out of 258 funds	out of 230 funds	n/a	12/27/99
Matthews China (MCHFX)	Pacific/Asia ex-Japan	out of 81 funds	out of 81 funds	out of 67 funds	out of 55 funds	2/19/98
Matthews Japan (MJFOX)	Japan	out of 41 funds	out of 41 funds	out of 38 funds	n/a	12/31/98
Matthews Korea (MAKOX)	Pacific/Asia ex-Japan	out of 81 funds	out of 81 funds	out of 67 funds	out of 55 funds	1/3/95

The Matthews India Fund and Matthews Asia Pacific Equity Income Fund will not be rated by Morningstar until they have three-year track records.

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

Lipper Rankings as of March 31, 2008 

Lipper Analytical Services, Inc. rankings and fund performance do not reflect sales charges and are based on total return, including reinvestment of dividends and capital gains for the stated periods.

		Quartile and Rankings
Fund	Lipper Category	1 Year	3 Years	5 Years	10 Years	Since inception (date)
Matthews Asia Pacific Equity Income (MAPIX)	Pacific Region	1st Quartile #2 of 31	n/a	n/a	n/a	1st Quartile #3 of 29 (10/31/06)
Matthews Asian Growth and Income (MACSX) Closed to most new investors » details	Pacific ex-Japan	3rd Quartile #25 of 41	4th Quartile #37 of 39	4th Quartile #34 of 36	1st Quartile #2 of 27	1st Quartile #1 of 11 (9/12/94)
Matthews Asia Pacific (MPACX)	Pacific Region	1st Quartile #8 of 31	3rd Quartile #17 of 26	n/a	n/a	3rd Quartile #15 of 25 (10/31/03)
Matthews Pacific Tiger (MAPTX) Closed to most new investors » details	Pacific ex-Japan	2nd Quartile #13 of 41	3rd Quartile #27 of 39	1st Quartile #4 of 36	1st Quartile #3 of 27	1st Quartile #2 of 11 (9/12/94)
Matthews Asian Technology (MATFX)	Science and Technology	1st Quartile #35 of 270	1st Quartile #1 of 241	1st Quartile #1 of 221	n/a	1st Quartile #11 of 103 (12/27/99)
Matthews China (MCHFX)	China Region	1st Quartile #9 of 65	2nd Quartile #15 of 34	2nd Quartile #7 of 22	2nd Quartile #6 of 16	2nd Quartile #6 of 16 (2/19/98)
Matthews India (MINDX)	Emerging Markets	1st Quartile #2 of 268	n/a	n/a	n/a	1st Quartile #27 of 210 (10/31/05)
Matthews Japan (MJFOX)	Japan	2nd Quartile #22 of 57	4th Quartile #36 of 38	2nd Quartile #10 of 35	n/a	1st Quartile #7 of 28 (12/31/98)
Matthews Korea (MAKOX)	Pacific ex-Japan	4th Quartile #39 of 41	4th Quartile #38 of 39	2nd Quartile #15 of 36	1st Quartile #1 of 27	4th Quartile #11 of 12 (1/3/95)

Past performance does not guarantee future results.