China Fund

Company announcements



CONTACT:

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

The China Fund, Inc. Announces the Retention of Consultant for Investment Manager Search

July 30, 2018 – The China Fund, Inc. (NYSE: CHN) (the “Fund”) today announced that Mercer Investments (HK) will be retained to undertake a comprehensive search for an investment manager. The Fund has given its current investment manager notice of termination of its investment management contract and a search is underway which will include the existing manager in the initial screening.

The Fund and City of London Investment Management Company Limited (“CLIM”) also announce the following:

  1. Discussions between Fund counsel, CLIM counsel and the Securities and Exchange Commission (“SEC”) regarding Fund repayment of certain legal expenses have been unsuccessful.
  2. A Committee of the Board and CLIM will meet on August 2nd to discuss a resolution of other outstanding matters including, but not limited to, the ultimate size and structure of the Fund, a shareholder event such as a significant tender, and the adoption of enhanced Corporate Governance standards for the Board.



The Fund is a diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in China companies. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol “CHN.”

For further information regarding the Fund and the Fund’s holdings, please call (888)-CHN-CALL or visit the Fund’s website at www.chinafundinc.com.

City of London Investment Management Company Limited is authorized and regulated in the UK by the Financial Conduct Authority, registered in the US as an Investment Advisor with the SEC, and regulated by the Dubai Financial Services Authority. The World Markets Umbrella Fund Plc. is registered in Ireland and regulated by the Central Bank of Ireland.

Registered in England and Wales No 2685257 (City of London Investment Group plc.) and 2851236 (City of London Investment Management Company Limited), VAT No 629 6908 93. Registered office: 77 Gracechurch Street, London, EC3V 0AS, United Kingdom http://www.citlon.com

For further information regarding CLIM, please call Barry Olliff (CEO), City of London Investment Group PLC, (215)-313-3774.



 
 
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
The China Fund, Inc. Announces Response to City of London Letter Aug 15, 2017
The China Fund, Inc. Announces the Adjournment of a Special Meeting of Stockholders Jul 25, 2017
The China Fund, Inc. Announces the Adjournment of the Special Stockholders Meeting Jun 20, 2017
The China Fund, Inc. Announces the Results of the Annual Stockholders Meeting Apr 04, 2017
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