Exhibit (h)(3)(xviii)

AMENDMENT TO OPERATING EXPENSES AGREEMENT

This Amendment to the Operating Expenses Agreement (this “Amendment”), effective as of April 30, 2021, is made by and between Matthews International Funds (the “Trust”) and Matthews International Capital Management, LLC (“Matthews,” and together with the Trust, the “Parties”).

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Operating Expenses Agreement, dated as of November 4, 2003, as amended from time to time, by and between the Trust and Matthews (the “Agreement”).

WITNESSETH THAT:

WHEREAS, the Parties originally entered into the Agreement to limit the Funds’ Operating Expenses; and

WHEREAS, the Parties wish to amend Appendix A of the Agreement to provide for (i) the renaming and reduction in the Expense Cap of one existing series of the Trust; (ii) the removal of one series of the Trust that was reorganized effective April 29, 2021; and (iii) the removal of one series of the Trust that was liquidated effective September 30, 2020.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the Parties hereto, intending to be legally bound, do hereby agree as follows:

a) The renaming of the Matthews Emerging Markets Small Companies Fund (formerly the Matthews Asia Small Companies Fund) and the removal of the Matthews Emerging Asia Fund and the Matthews Asia Value Fund on the attached amended Appendix A.

b) Paragraph 5 of the Agreement is hereby amended in its entirety to read as follows:

5.         Term. This Agreement shall become effective on the date specified herein and shall remain in effect until August 31, 2004, unless sooner terminated as provided in Paragraph 6 of this Agreement. This Agreement shall continue in effect thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for each Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); provided, however, that the Expense Cap specified in Appendix A attached hereto is effective as of May 1, 2014 with respect to the Matthews Asia Total Return Bond Fund and shall remain in effect until April 30, 2017, unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); and provided, further, that the Expense Cap specified in Appendix A attached hereto is effective as of April 29, 2016 with respect to the Matthews Asia Credit Opportunities Fund and shall remain in effect until April 30, 2018 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); and provided, further, that the Expense Caps specified in Appendix A attached hereto are effective as of April 30, 2020 with respect to the Funds other than the Matthews Asia Credit Opportunities Fund, the Matthews Asia Total Return Bond Fund and the Matthews Emerging Markets Small Companies Fund and shall remain in effect until April 30, 2021 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for

additional periods not exceeding one (1) year so long as such continuation is approved for such Funds at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust); and provided, further, that the Expense Cap specified in Appendix A attached hereto is effective as of April 30, 2021 with respect to the Matthews Emerging Markets Small Companies Fund and shall remain in effect until April 30, 2022 unless earlier terminated in accordance with Paragraph 6 hereof, renewable thereafter for additional periods not exceeding one (1) year so long as such continuation is approved for such Fund at least annually by the Board of Trustees of the Trust (and separately by the disinterested Trustees of the Trust).

c)   The Agreement will otherwise remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment, including the amended Appendix A attached hereto, to be signed by their duly authorized officers as of the date set forth below.

MATTHEWS INTERNATIONAL FUNDS	MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC
By:   /s/ John P. McGowan	By:   /s/ William J. Hackett
Name: John P. McGowan	Name: William J. Hackett
Title:    Vice President and Secretary	Title:    Chief Executive Officer
Date:    April 29, 2021	Date:    April 29, 2021

Appendix A

(updated April 30, 2021)

Fund	Expense Cap	Effective Date
Matthews Asian Growth and Income Fund Matthews Asia Dividend Fund Matthews China Dividend Fund Matthews Asia Growth Fund Matthews Pacific Tiger Fund Matthews Asia Innovators Fund (formerly known as the Matthews Asia Science and Technology Fund) Matthews China Fund Matthews India Fund Matthews Japan Fund Matthews Korea Fund Matthews Asia ESG Fund Matthews China Small Companies Fund
●  Institutional Class	1.20%	April 30, 2020
●  Investor Class	(1.20+X)%1	April 30, 2020
Matthews Asia Total Return Bond Fund (formerly known as the Matthews Asia Strategic Income Fund)
●  Institutional Class	0.90%	May 1, 2014
●  Investor Class	(0.90+X)%1	May 1, 2014
Matthews Asia Credit Opportunities Fund
●  Institutional Class	0.90%	April 29, 2016
●  Investor Class	(0.90+X)%1	April 29, 2016
Matthews Emerging Markets Equity Fund
●  Institutional Class	0.90%	April 30, 2020
●  Investor Class	(0.90+X)%1	April 30, 2020
Matthews Emerging Markets Small Companies Fund (formerly known as the Matthews Asia Small Companies Fund)
●  Institutional Class	1.15%	April 30, 2021
●  Investor Class	(1.15+X)%1	April 30, 2021

¹ With respect to the Institutional Class, Matthews will first reduce the “Class Specific Expenses” and then, to the extent necessary, further reduce “All Other Expenses” to limit the total Operating Expenses of the Institutional Class to the Expense Cap. With respect to the Investor Class, Matthews will reduce the same amount (in annual percentage terms) of “All Other Expenses” reduced for the Institutional Class without first reducing any Class Specific Expenses of the Investor Class. As used herein, the “Class Specific Expenses” of a Class means the Operating Expenses of that Class that are specific to that Class, including, without limitation, intermediary fees; and “All Other Expenses” of a Class means all Operating Expenses other than the Class Specific Expenses of that Class. All Other Expenses are the same in annual percentage terms for both the Institutional Class and the Investor Class of the same Fund. With respect to the expense cap for the Investor Class of a Fund, “X” represents the sum of (i) the amount (in annual percentage terms) of the Class Specific Expenses incurred by the Investor Class that exceed those incurred by the Institutional Class; and (ii) the amount (in annual percentage terms) of the Class Specific Expenses reduced for the Institutional Class and not the Investor Class.