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

Rhea-AI Summary

The China Fund (NYSE: CHN) announced a virtual Special Meeting of stockholders at 11:00 a.m. ET on October 21, 2025 to vote on a plan of liquidation and dissolution. A proxy statement will be mailed on or about October 9, 2025, and the Fund filed the proxy with the SEC on October 6, 2025. The Board previously approved and recommends the Plan. The record date for voting is September 26, 2025. If approved, the Fund expects to distribute liquidation proceeds in one or more cash payments as soon as practicable.

Positive

• Board approved the Plan of liquidation and recommends shareholder vote
• Special Meeting scheduled for October 21, 2025 at 11:00 a.m. ET
• Record date for voting set at September 26, 2025
• Fund expects cash distribution(s) to cancel all outstanding shares

Negative

• Timing and amount of liquidation proceeds not specified
• Liquidation requires shareholder approval at the Special Meeting
• Future plans and distributions subject to risks and uncertainties

Insights

Fund governance analyst

Board-approved plan to liquidate the closed-end fund; virtual stockholder vote set for October 21, 2025.

The Board has approved a plan of liquidation and dissolution and filed a proxy statement with the SEC; stockholders will receive the mailed proxy on or around October 9, 2025 and the record date for voting was fixed at September 26, 2025. If approved at the Special Meeting, the Fund expects to distribute its liquidation proceeds in one or more cash payments to cancel all outstanding shares as soon as practicable after the vote.

Key dependencies and risks include the stockholder vote outcome and the timing of distributions; the statement makes no detailed schedule or amounts and discloses only that further details will follow after the meeting. Monitor the proxy for concrete liquidation mechanics, tax treatment, and estimated cash per share; the critical near-term milestone is the virtual Special Meeting on October 21, 2025, with the proxy available on the SEC website and mailed around October 9, 2025.

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.

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SOURCE The China Fund, Inc.

FAQ

When is The China Fund (CHN) Special Meeting to vote on liquidation?

The Special Meeting is scheduled virtually for October 21, 2025 at 11:00 a.m. ET.

What is the record date to vote on CHN's liquidation plan?

The Board fixed the record date as September 26, 2025 for stockholders entitled to vote.

When will CHN mail the proxy statement about the liquidation?

The proxy statement will be mailed on or around October 9, 2025 and is filed with the SEC.

How will CHN distribute liquidation proceeds if shareholders approve?

If approved, the Fund expects to distribute proceeds in one or more cash payments to cancel outstanding shares.

Where can CHN stockholders find the proxy statement and filings?

The proxy statement and filings are available free on the SEC website (www.sec.gov).

Should CHN investors seek tax or financial advice about the liquidation?

Investors are strongly encouraged to consult qualified tax and financial advisors regarding their individual circumstances.