The Taiwan Fund, Inc. Announces the Nominations of Chih Cheung and Lawrence Kudlow

NEW YORK, Feb. 9, 2015 /PRNewswire/ -- The Taiwan Fund, Inc. (TWN) announced today the nominations of Chih Cheung and Lawrence Kudlow as candidates for the Fund's Board of Directors to be considered by stockholders for the Annual Meeting of Stockholders scheduled for April 19, 2015.

Commenting on the selection of the two candidates, Fund Chairman Amb. Joe Rogers said "We are fortunate to have two exemplary candidates to present to our stockholders.  Chih Cheung has a distinguished record of success in Taiwan, Mainland China and cross-Strait business.  With the perspective of operating and investment experience in both Taiwan and Mainland China, he will bring to shareholders significant expertise in the realities of the economic and business environments in the region."

Of Lawrence Kudlow, Rogers said "Larry brings to our shareholder not only a wealth of market and economic expertise but an opportunity to bring the Fund to the attention of a far wider cross-section of investors.  His deep understanding of international trade and monetary policy will be invaluable as cross-Strait investment and trade expands and China's financial liberalization opens new markets."

Chih Cheung, a resident of Taiwan, is currently the Managing Partner of C2 Capital Limited, an investment firm dedicated to investing in local Chinese emerging growth companies and to partnering with leading global companies to establish their presence in China. He is also an active board member for Reliable Source Industrial Company Limited, a leading sportswear apparel manufacturing company with the head office in Taipei and factories in China, Cambodia, Bangladesh, Indonesia and Vietnam. In addition, he currently serves on the boards of several private companies with operations in Greater China and is on the advisory board of the Harvard China Fund.

Chih Cheung was also the Managing Partner of Staples Asia Investment Limited, a subsidiary of Staples, Inc. Previously, he was a Senior Advisor in the Office of the Chairman of Chinatrust Commercial Bank and based in Taipei. He also worked at Goldman Sachs in New York and Hong Kong.

Chih received his J.D. from Harvard Law School and M.B.A. from Harvard Business School with high distinction. He graduated Summa Cum Laude from Harvard College and earned his A.M. from Harvard Graduate School of Arts and Sciences.

Lawrence Kudlow is CEO of Kudlow & Co., LLC, an economic research firm and a nationally syndicated columnist. He is also the host of "The Larry Kudlow Show," which broadcasts each Saturday from 10 a.m. – 1 p.m. on WABC Radio and is syndicated nationally by Cumulus Media.

Mr. Kudlow is a CNBC Senior Contributor. He was previously host of CNBC's primetime "The Kudlow Report."  He is a contributing editor of National Review magazine, as well as a columnist and economics editor for National Review Online. He is the author of "American Abundance: The New Economic and Moral Prosperity," published by Forbes in January 1998.

During President Reagan's first term, Mr. Kudlow was the associate director for economics and planning, Office of Management and Budget, Executive Office of the President, where he was engaged in the development of the administration's economic and budget policy.

He was formerly chief economist and senior managing director of Bear Stearns & Company. Mr. Kudlow started his professional career at the Federal Reserve Bank of New York where he worked in open market operations and bank supervision.

Mr. Kudlow was educated at the University of Rochester and Princeton University's Woodrow Wilson School of Public and International Affairs.

The Fund is a diversified closed-end investment company, which seeks long term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "TWN."        

For additional information on the Fund, including information on the Fund's holdings, visit the Fund's website at www.thetaiwanfund.com or call 1-877-864-5056.

SOURCE The Taiwan Fund, Inc.

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