China International Capital Corporation Limited (SEHK:3908) signed a definitive agreement to acquire an unknown majority stake in Krane Funds Advisors, LLC on July 10, 2017. The closing of the transaction is conditioned upon, among other matters, the vote of a majority of the outstanding shares of each of the KraneShares CSI China Internet ETF, KraneShares Bosera MSCI China A Share ETF and KraneShares E Fund China Commercial Paper ETF approving the New investment advisory agreement (New IAA). Although Krane is committed to continuing to manage the KraneShares Zacks New China ETF and KraneShares FTSE Emerging Markets Plus ETF, the closing of the Transaction is not conditioned upon the vote of a majority of the outstanding shares of each of those two Funds approving the New IAA. China International Capital Corporation Limited (SEHK:3908) completed the acquisition of unknown majority stake in Krane Funds Advisors, LLC on September 30, 2017.