The China Fund Inc Announces Adoption of Conditional Performance Tender Offer Policy

BOSTON, Jan. 24, 2023 /PRNewswire/ -- The Board of Directors (the "Board") of The China Fund , Inc. (NYSE: CHN) (the "Fund") announces that it has unanimously approved the adoption of a policy pursuant to which the Fund intends to conduct a performance tender offer for up to twenty-five percent (25%) of the Fund's then-issued and outstanding shares of common stock on or before March 31, 2028, and on each fifth-year anniversary thereafter, if the Fund's investment performance^[1 does not equal or exceed that of the Fund's performance benchmark, the MSCI China All Shares Index², for the period commencing on January 1, 2023 and ending on December 31, 2027 (and for each five-year performance period thereafter) (the "Performance Policy"). The offer size, price at which shares are to be tendered, and other terms and conditions of such performance tender offer would be determined by the Board in its discretion based on its review and consideration of market conditions at that time and any other factors it deems relevant.

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