The China Fund, Inc. Announces Board Approval of Plan of Liquidation

Core Viewpoint - The China Fund, Inc. has announced a plan for liquidation and dissolution, which will be submitted for approval to its stockholders at a Special Meeting [1][2]. Group 1: Liquidation Plan - The Board of Directors has approved a plan of liquidation and dissolution for the Fund, which will be presented to stockholders for their vote [1]. - The decision to liquidate was influenced by various factors, including geopolitical and market conditions, the size of the Fund, trading volume, and the Fund's discount to net asset value [2]. - Alternatives to liquidation, such as converting the Fund into an open-end management investment company, were considered but ultimately deemed less favorable [2]. Group 2: Proxy Statement and Stockholder Information - The Fund intends to file a proxy statement with the U.S. Securities and Exchange Commission (SEC) regarding the liquidation proposal, which will also be mailed to stockholders [3]. - Stockholders are advised to read the proxy statement upon receipt, as it will contain important information about the liquidation [3].