abrdn Emerging Markets ex‑China Fund (AEF) Form 3 Shows Zero Ownership

Rhea-AI Filing Summary

abrdn Emerging Markets ex-China Fund, Inc. (AEF) reported an initial Form 3 for 08/27/2025 showing that the reporting person, Mandy Louise Rawlinson, acting as Director of Adviser, filed with no beneficial ownership of the fund's securities. The filing was executed under power of attorney and signed on 09/02/2025.

Positive

• Initial disclosure completed for reporting person on 08/27/2025
• No securities beneficially owned declared, providing a clear baseline position

Negative

• None.

Insights

Corporate Governance Specialist

TL;DR: Initial insider filing reports no securities beneficially owned.

The filing documents that Mandy Louise Rawlinson, in her capacity as Director of Adviser, submitted an initial Form 3 dated 08/27/2025 and declared no beneficial ownership of the issuer's securities. The signature was provided by a power of attorney on 09/02/2025.

This filing is procedural: it establishes the reporting obligation and a baseline ownership position (none). Investors and compliance teams can treat this as a current-state disclosure; any future acquisition or disposition by the reporting person would require amended filings under the reporting rules.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Rawlinson Mandy Louise

(Last) (First) (Middle)

C/O ABRDN

1900 MARKET STREET, SUITE 200

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/27/2025

3. Issuer Name and Ticker or Trading Symbol
abrdn Emerging Markets ex-China Fund, Inc. [ AEF ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Director of Adviser

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/ Robert Stieger by POA from Reporting Person	09/02/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 3 filed for AEF on 08/27/2025 disclose?

The Form 3 disclosed that Mandy Louise Rawlinson, Director of Adviser, reported no beneficial ownership of abrdn Emerging Markets ex-China Fund, Inc. securities as of 08/27/2025.

Who is the reporting person on the AEF Form 3?

The reporting person is Mandy Louise Rawlinson, listed as Director of Adviser and filing as an individual reporting person.

Was the Form 3 signed and by whom?

Yes. The Form 3 was signed by Robert Stieger acting under a power of attorney for the reporting person, with the signature dated 09/02/2025.

Does the Form 3 report any derivative or non-derivative holdings for AEF?

No. The filing states no securities are beneficially owned, and no non-derivative or derivative positions are reported.