 The Board of Directors of the China Fund, Inc. NYSE: CHN the Fund announced today that it will resume the operation of its Discount Management Program the Program, which was temporarily halted on Monday, March 16, 2020 in response due to the extreme volatility introduced to world markets by the COVID-19 pandemic.At a meeting of the Board of Directors on Friday May 29, 2020, the Directors considered the primary factors affecting the Funds market price relative to its NAV, namely the level of overall market volatility as measured by the VIX Index, the extent of the Funds discount, including relative to the discounts experienced by its peer group, and the volume of trading in the Fund, and determined the resumption of the Program would be in the best interest of the Fund and its stockholders. The Program will operate in accordance with the procedures and parameters previously adopted by the Board of Directors. 