Additional Proxy Soliciting Materials (Form DEFA14A)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a)
of the Securities Exchange Act of 1934

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

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Preliminary Proxy Statement

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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

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Definitive Proxy Statement

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Definitive Additional Materials

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Soliciting Material Pursuant to § 240.14a-12

KraneShares Trust

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

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No fee required.

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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

	1)	Title of each class of securities to which transaction applies:
	2)	Aggregate number of securities to which transaction applies:
	3)	Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
	4)	Proposed maximum aggregate value of transaction:
	5)	Total fee paid:

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Fee paid previously with preliminary materials.

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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

	1)	Amount Previously Paid:
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KRANESHARES TRUST

Dear Investor,

We are writing to inform you of an upcoming shareholder vote that requires your immediate attention. You are receiving this package because you own, directly or through a broker-dealer, shares of one or more of the KraneShares Trust Funds.

Meeting Date: Thursday, May 7, 2026, at 9:30 a.m. ET. Please submit your vote by May 6, 2026, using one of the following methods:

PROPOSAL OVERVIEW

Krane, your Fund's investment adviser, has entered into an agreement under which its officers and certain employees, through KFA Two Holdings, LLC ("KFA Two"), will acquire a majority interest in Krane from China International Capital Corporation (USA) Holdings Inc.

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Shareholders are being asked to approve a new investment advisory agreement between Krane and the Trust on behalf of your Fund (the "New Advisory Agreement").

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Approval will allow Krane to continue providing investment management services to the Fund following the closing of the transaction.

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The transaction will not change the Fund's investment objectives, strategies, or operations. There are no plans to change the Fund's investment adviser, sub-adviser (if applicable), or portfolio manager, and services are expected to remain the same.

Additional information is available in the Proxy Statement at www.proxypush.com.

Ways to Vote

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Online: Visit www. www.proxypush.com and enter the 12-digit control number found on your enclosed ballot.

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Mail: Complete, sign, and return the enclosed ballot to the envelope provided.

Prompt voting helps avoid expenses and ensures your voice is heard.

Thank you for your attention to this important matter and for your continued support.

Sincerely,

KraneShares Trust

KETF2026