China Fund

Company announcements



CONTACT:

James Burke
AST Fund Solutions
646-322-0361
jburke@astfundsolutions.com

The China Fund, Inc. Announces Letter to Stockholders

New York, May 21, 2018

Re: The China Fund, Inc. (the “Fund”)

Dear Fellow Stockholder:

The 2018 Annual Meeting of Stockholders (the “Annual Meeting”) of the Fund will be held on May 23, 2018, for the purpose of electing two directors. After that business is concluded, the Annual Meeting will be adjourned to a later date, which is currently scheduled to be August 29, 2018.

When the adjourned meeting is reconvened, stockholders will vote on a proposal by City of London Investment Management Limited (“CLIM”), to terminate the Fund’s investment advisory and management agreements with Allianz Global Investors U.S. LLC (the “Termination Proposal”).

As we have previously reported, the Fund has sued CLIM in federal court seeking an order requiring CLIM to make corrective disclosures in its proxy materials. The court declined to grant that order and the Fund has appealed. Your Fund’s Board believes the appeal will be successful and will be adjourning the Annual Meeting to allow time for the court to render its decision. If the Fund’s appeal is successful, stockholders should then have the benefit of receiving and considering CLIM’s corrective disclosures before the adjourned Annual Meeting is reconvened.

It is also possible that the appellate court will invalidate the election of directors at the May 23, 2018 meeting. In that case, both the election of directors and the Termination Proposal will be considered at the reconvened Annual Meeting.

It will be necessary for the Fund to set a new record date for determining the stockholders entitled to vote at the reconvened portion of the Annual Meeting. This change of record date will not affect the first part of the Annual Meeting, to be held on May 23, 2018. The Fund will notify stockholders of the new record date when it is set.

Thank you for your patience in dealing with this very difficult and complex situation.

Sincerely,

Gary L. French Chairman

The China Fund, Inc. Declares Distributions Dec 10, 2018
The China Fund, Inc. Announces Approval of New Investment Manager by Stockholders Dec 07, 2018
The China Fund, Inc. Records Third Quarter Results Nov 16, 2018
The China Fund, Inc. Announces Selection of New Investment Manager, Timing of Commencement of One-Time Tender Offer, Adoption of Discount Management Program and Additional Board Governance Provisions Nov 09, 2018
The China Fund, Inc. Announces a Change to the Previously Announced Approval in Principle of a One-Time Tender Offer Sep 07, 2018
The China Fund, Inc. Announces New Board Governance Provisions, Status of Investment Manager Search, Approval in Principle of a One-Time Tender Offer and of a Discount Management Program Aug 27, 2018
The China Fund, Inc. Announces the Withdrawal of the Stockholder Proposal to Terminate the Fund’s Investment Advisory and Management Agreements Aug 20, 2018
The China Fund, Inc. Announces the Retention of Consultant for Investment Manager Search Jul 30, 2018
The China Fund, Inc. and City of London Investment Management Company Limited Announce the Mutual Agreement to Dismiss the Fund’s and City of London Investment Management Company Limited’s Lawsuits Related to the Fund’s Annual Stockholders Meeting Jun 22, 2018
The China Fund, Inc. Announces Election of New Directors May 24, 2018
The China Fund, Inc. Announces the Resignations of Messrs. Rogers and Shore and Amendments to the Fund’s By-Laws May 22, 2018
The China Fund, Inc. Announces Letter to Stockholders May 21, 2018
The China Fund, Inc. Announces Postponement of Annual Meeting of Stockholders Apr 19, 2018
China Fund Sues City of London Investment Group, Others Over Proxy Misrepresentations Apr 03, 2018
The China Fund, Inc. Announces Postponement of Annual Meeting of Stockholders Mar 23, 2018
Vote Your Shares to Protect the China Fund From Being Liquidated or Merged with Other Funds Not Focused on China Mar 19, 2018
The China Fund, Inc. Records First Quarter Results Mar 15, 2018
The China Fund, Inc. Announces Date of Annual Meeting of Stockholders Jan 09, 2018
The China Fund, Inc. Records Third Quarter Results Sep 14, 2017
The China Fund, Inc. Announces the Results of a Special Meeting of Stockholders Aug 30, 2017
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