The China Fund, Inc. Announces Liquidating Distributions

Rhea-AI Summary

The China Fund, Inc. (NYSE: CHN) liquidated as planned on October 29, 2025. The Fund's proportionate stockholder interests were determined as of that date and shares will cease trading on the NYSE prior to the opening of business on October 30, 2025. The Fund expects a primary cash liquidating distribution of $18.335460 per share, anticipated to be paid on October 31, 2025.

The Fund may make one or more smaller future distributions if all assets are not practicable to distribute in the primary distribution. The liquidation is generally a taxable event for U.S. federal income tax purposes; shareholders should consult tax advisors. For more information, contact the Fund or visit its website.

Positive

• Primary cash distribution of $18.335460 per share
• Shares will stop trading on the NYSE prior to Oct 30, 2025
• Primary distribution expected to be paid on Oct 31, 2025

Negative

• Liquidation is generally a taxable event for U.S. shareholders
• Potential for additional smaller distributions creates timing uncertainty

BOSTON, Oct. 29, 2025 /PRNewswire/ -- The China Fund, Inc. (NYSE: CHN) (the "Fund") announced today that the Fund liquidated as planned on October 29, 2025, and the proportionate interests of stockholders in the assets of the Fund were determined as of that date. Prior to the opening of business on October 30, 2025, shares of the Fund will cease trading on the New York Stock Exchange (the "NYSE"). The Fund's primary liquidating distribution is anticipated to be paid in cash on October 31, 2025. Below is the expected liquidating distribution to be paid by the Fund.

	Liquidating Distribution (per share)
The China Fund, Inc. (CHN)	$18.335460

The Fund may distribute one or more smaller distributions in the future in the event it is not practicable or possible to distribute all of the Fund's assets in the primary liquidating distribution. The Fund's liquidation generally will be a taxable event for stockholders that are subject to U.S. federal income tax. Any stockholder that receives a distribution in a liquidation generally will realize capital gain or loss in an amount equal to the difference between the total amount of the liquidating distribution(s) received and the stockholder's adjusted basis in the Fund's shares. Please consult your personal tax advisor with regard to the specific tax consequences of the Fund's liquidation.

The Board thanks all stockholders for their support over the Fund's more than 40 years of operation and wishes all well for the future.

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.

Keep in mind, distribution rates are not guaranteed. The Fund's distribution rate may be affected by numerous factors, including changes in actual or projected investment income, the level of undistributed net investment income, if any, and other factors. Shareholders should not draw any conclusions about the Fund's investment performance based on the Fund's current distributions. The Fund is a closed-end management investment company the shares of which trade on the NYSE. Closed-end funds, unlike open-end funds, are not continuously offered. As such, once issued, shares of the Fund are bought and sold in the open market through the NYSE and may trade at prices lower than their net asset value. Net Asset Value ("NAV") is total assets less total liabilities divided by the number of shares outstanding. The Fund's investment manager is Matthews International Capital Management, LLC.

For further information regarding the Fund, please call (888)-CHN-CALL 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.

View original content:https://www.prnewswire.com/news-releases/the-china-fund-inc-announces-liquidating-distributions-302599087.html

SOURCE The China Fund, Inc.

FAQ

What is the liquidating distribution amount for CHN on October 31, 2025?

The Fund expects a primary cash distribution of $18.335460 per share payable Oct 31, 2025.

When will CHN shares cease trading on the NYSE?

CHN shares will cease trading prior to the opening of business on October 30, 2025.

Will CHN make any additional distributions after the primary payment?

The Fund may make one or more smaller future distributions if all assets cannot be practicably distributed in the primary payment.

Is the CHN liquidation taxable for shareholders?

Yes, the Fund's liquidation generally is a taxable event for stockholders subject to U.S. federal income tax; consult a tax advisor.

Who manages The China Fund (CHN) and where can investors get more information?

The Fund's investment manager is Matthews International Capital Management and information is available at www.chinafundinc.com or via the Fund's contact number.