The Board of Directors The China Fund, Inc. appointed Richard Shore as a Class I Director of the Fund, effective December 5, 2014. Mr.
Shore is a founding director of Reneo LLC (since 2014), and a founding partner of Gilbert LLP (since 2001).

Also, the Board of the Fund has declared capital gain and net investment income distributions in the estimated aggregate amount of $3.7651 per share. The capital gain portion of the distributions is comprised of long-term capital gains estimated at $3.4669 per share. The net investment income portion of the distributions is estimated to be $0.2982 per share. The precise amount of the distributions will be determined on the
ex-dividend date of the distributions, at which time the Fund will make a further announcement. The distributions will be payable on January 5, 2015 to stockholders of record on December 22, 2014 with an ex-dividend date of December 18, 2014.