The China Fund, Inc. Additional Details Regarding Special Meeting of Fund Stockholders to Approve Plan of Liquidation

BOSTON, Oct. 6, 2025 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that a Special Meeting of Fund stockholders is scheduled to be held virtually at 11:00 a.m. (Eastern time) on October 21, 2025 (the "Special Meeting"), to approve a plan of liquidation and dissolution (the "Plan") for the Fund. More detailed information about the proposed liquidation and Plan is set forth in a proxy statement to be mailed on or around October 9, 2025, to the Fund's stockholders of record. The Board of Directors (the "Board") previously approved the Plan, and recommends that the Fund's stockholders vote for the liquidation of the Fund at the Special Meeting.

The Fund filed a proxy statement with the U.S. Securities and Exchange Commission (the "SEC") today with respect to the proposal to liquidate the Fund. As noted, copies of the Fund's proxy statement will also be mailed to each stockholder of record of the Fund. The Board has fixed the close of business on September 26, 2025, as the record date for the determination of the stockholders of the Fund entitled to notice of and to vote at the Fund's Special Meeting and any adjournment or postponement thereof. Upon receipt, stockholders are advised to read the Fund's proxy statement as it will contain important information. The proxy statement is available free of charge on the SEC website, www.sec.gov.

If stockholders approve the Fund's liquidation, the Fund expects to distribute to stockholders the Fund's liquidation proceeds in the form of one or more cash payments in complete cancellation of all outstanding shares of the Fund as soon as practicable after the Special Meeting. The Fund expects to provide further details regarding the liquidation of the Fund following the conclusion of the Special Meeting.  

This press release may contain statements regarding plans and expectations for the future that constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Fund's current plans and expectations, and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Additional information concerning such risks and uncertainties are contained in the Fund's regulatory filings, which are available free of charge on the SEC's website. An investment in the Fund involves risk, including loss of principal. Investment return and the value of shares will fluctuate. Any data and commentary provided in this press release are for informational purposes only.

The Fund is a closed-end management investment company. The Fund's investment manager is Matthews International Capital Management, LLC. For further information regarding the Fund, please call (888)-446-7616 or visit the Fund's website at www.chinafundinc.com. The information contained on the Fund's website is not part of this press release. Copies of the Fund's complete audited financial statements are available free of charge upon request.

Investments involve risk, including possible loss of principal, and an investment should be made with an understanding of the risks involved with owning a particular security or asset class. Interested parties are strongly encouraged to seek advice from qualified tax and financial experts regarding the best options for your particular circumstances.

SOURCE The China Fund, Inc.