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The China Fund, Inc. First Fiscal Quarter 2024/2025 Results

The China Fund, Inc. (NYSE: CHN) has recently disclosed its financial results for the first quarter of its fiscal year ending January 31, 2025. The report indicates a significant turnaround compared to the same period in the previous year, reflecting more favorable market conditions and stronger investment strategies.

For the three months that concluded on January 31, 2025, the fund garnered a net investment income of $90,470 or $0.01 per share. In sharp contrast, the same quarter of the previous fiscal year saw a net investment loss amounting to $275,921 or $0.03 per share. This improvement highlights the fund's efforts in recalibrating its investment approach to mitigate losses.

Moreover, when examining the net realized and unrealized losses on investments as well as foreign currency transactions, the fund reflected losses of $5,522,879 or $0.57 per share for the most recent quarter. This is a notable decrease from the losses reported in the same quarter from the previous fiscal year, which stood at $11,893,878 or $1.19 per share. This reduction suggests a more stable investment environment and better adaptation to market fluctuations.

As of January 31, 2025, the total net assets of The China Fund were recorded at $135,868,947, with a net asset value per share of $13.98, derived from 9,717,390 shares outstanding. This recent performance contrasts positively with the $143,558,730 in total net assets and net asset value per share of $14.67 from October 31, 2024, although it shows a significant increase from the $106,253,367 reported one year prior.

A distribution of $0.1497 per share was declared on December 13, 2024, reflecting the fund's commitment to returning value to its shareholders. This distribution was paid on January 10, 2025, to shareholders who were on record as of December 30, 2024.

The fund primarily focuses on long-term capital appreciation through investments in equity securities of companies either based in the People's Republic of China or those operating outside the country yet deriving a substantial portion of their revenues from the Chinese markets. While The China Fund has the authorization to invest in direct equity projects within China itself, it does not currently hold such investments. This strategy underscores a focus on stability and the mitigated risks associated with direct investments in the fluctuating Chinese market.

Through the stewardship of Matthews International Capital Management, LLC, The China Fund continues to navigate the complexities of the investment landscape in Asia. Stock of the fund is publicly traded on the New York Stock Exchange, allowing investors to participate in its growth and performance during this pivotal time.

In summary, The China Fund, Inc.'s first quarter results showcase a positive trajectory following previous challenges, indicating strong potential for future growth. Investors are encouraged to keep a close eye on the fund's developments as it seeks opportunities in the dynamically evolving markets of China and beyond, keeping in mind the inherent risks associated with such investments. For more detailed information regarding the fund, investors may contact the fund directly or visit their website at www.chinafundinc.com.