City of London Investment Nominates Candidates to the Board of The China Fund

The China Fund, Inc. is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is in the People's Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods or services sold or produced, or have at least 50% of their assets, in China, and constituting direct equity investments in companies organized in China. The Fund invests in various sectors, including broadline retail, household durables, semiconductors and semiconductor equipment, life science tools and services, bank, beverages, and insurance. The Fund's investment manager is Matthews International Capital Management, LLC.