New York, NY – January 07, 2026 – KraneShares, a leading provider of innovative exchange-traded funds (ETFs), today announced the launch of the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (Ticker: KIQQ). KIQQ is designed for investors seeking to maintain equity exposure to the Nasdaq-100 Index® through volatile and uncertain markets.

Developed in partnership with InspereX, a long-standing leader in structured risk-managed solutions, this strategy combines Nasdaq-100® exposure with a systematic hedging and option income-generation process that adjusts as markets change. However, similar to other derivative-based ETFs, the hedging and option income objectives are not guaranteed.

Supporting long-term equity exposure through changing markets

The underlying approach uses a modern adaptation of the traditional “collar”, employing an enhanced, daily-adjusted put replication strategy to manage downside risk as an alternative to purchasing costly long-dated puts. At the same time, it generates option income by selling short-dated, out-of-the-money call options, aiming to provide an option income stream on top of traditional equity dividends.

This structure seeks to balance downside hedging and option income while staying exposed to the Nasdaq-100®. As an illustration, the Nasdaq-100® experienced dramatic swings in 2025, dropping –23% during the “Liberation Day” tariff sell-off before recovering to a +20.97% gain to end 2025.¹ Volatility events and market swings, like this, highlight the importance of tools that combine equity participation with downside risk management.

“KIQQ combines key elements of derivative-based ETF strategies into a single, adaptive approach. Unlike covered call strategies, which typically provide option income but have no structural downside hedge beyond premium collected, and defined outcome strategies, which generally offer a downside hedge but no stated option income goals, KIQQ seeks to offer equity exposure, a downside hedge, and option income,” said Jonathan Krane, CEO of KraneShares. “We are pleased to partner with InspereX, whose expertise in structured products strengthens the foundation of this ETF.”

“Investors continue to seek risk-managed equity solutions that can adapt to varying market conditions. KIQQ reflects the type of resilient, dynamically-managed approach designed to meet that need,” said Scott Mitchell, CEO of InspereX. “We’re excited to enter this ETF space with KraneShares.”

KIQQ has initially engaged Goldman Sachs as a swap counterparty for the fund’s option exposure.

Strategy and option income objectives

KIQQ is designed to:

• Replicate a rolling collar structure on the Nasdaq-100®
• Use enhanced put replication, adjusted daily, seeking to provide a dynamic downside hedge
• Seeks to earn monthly option income through short-dated call writing

By combining equity exposure, systematic risk management, and option income, KIQQ aims to serve as a useful building block for portfolios seeking growth potential, to limit losses, and to mitigating downside risk.

For performance, holdings, risks, and additional details about the KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (Ticker: KIQQ), please visit https://www.kraneshares.com/etf/kiqq/.

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Disclaimers:

There is no guarantee that losses will be limited or that the strategy will be effective in all market conditions. Distributions are not guaranteed and may vary. The Fund may engage one or more financial institutions as swap counterparties to implement its derivatives strategy.

Counterparties are subject to change without notice. Please see the end of the presentation for definitions.

About KraneShares

KraneShares is a specialist investment manager focused on delivering global investors innovative, high-conviction strategies. The firm is known for its China-focused and climate-focused ETFs, as well as its solutions across emerging markets, carbon allowances, options income, and disruptive technologies like artificial intelligence, electric vehicles, and humanoid robotics. KraneShares helps investors access transformative growth opportunities through research-driven products and educational resources.

About InspereX

InspereX is built on access, aggregation, and analysis. We redefine precision investing across structured products, ETFs, private markets, and new-issue and secondary fixed income. InspereX connects advisors and institutions to differentiated investment opportunities, combining deep market expertise with a modern approach to distribution. Our Aria platform integrates advanced technology, market intelligence, and personalized service to streamline execution and empower advisors to deliver greater value to their clients. InspereX represents more than 400 issuing entities, distributes to more than 1,500 partners, and has distributed more than $850 billion in new issue securities. The firm has seven trading desks and more than 180 employees with offices in Delray Beach, Florida; Charlotte, North Carolina; Chicago, Illinois; and New York, New York.

Goldman Sachs is not an advisor, promoter or affiliate of KIQQ or KraneShares and has no responsibility regarding the advisability or suitability of the KIQQ fund as an investment.

Citations:

1. Data from Bloomberg as of 12/31/2025.

Definitions:

Traditional Collar Strategy: An options strategy in which an investor holding a stock buys a protective put and sells a covered call to limit downside risk while capping upside potential.