On or about March 29, 2018, Emerging Markets
Country Fund and City of London Investment
Management Company Limited (the "Maryland
Plaintiffs") filed suit (the "Maryland Litigation") in
the Circuit Court for Baltimore County, Maryland,
Case No. 03-C-18-3252 (the "Maryland Court")
against The China Fund, Inc. (the "Fund"), Joe O.
Rogers, Richard Shore, Michael F. Holland, Li Jin,
Gary L. French, William C. Kirby, and Linda C.
Coughlin.  The Maryland Plaintiffs alleged that the
Fund and its Board of Directors (the "Board") had
wrongfully postponed the Fund's annual stockholder
meeting, which was to address a proposal by the
Maryland Plaintiffs and/or their affiliates
(collectively, "City of London") to remove the
Fund's investment manager as well as the election
of certain directors.  In their complaint, the
Maryland Plaintiffs, among other things, (1) sought
a declaratory judgment against the Fund that,
among other things, the postponement was void; (2)
asserted claims for breach of fiduciary duty against
the Board; and (3) asked for an injunction against
all defendants that the meeting be held on April 26,
2018, with the vote certified as of an earlier
date.  The Maryland Plaintiffs moved for a
preliminary injunction, which the Maryland Court
denied without prejudice on April 23, 2018.  The
parties thereafter agreed to the dismissal of the
Maryland Litigation without prejudice.  The
Maryland Court dismissed the action on July 7,
2018.
 On or about April 3, 2018, the Fund and Joe O.
Rogers (the "Federal Plaintiffs") filed suit (the
"Federal Litigation") in the U.S. District Court for
the Southern District of New York, Case No. 18
Civ. 2918 (the "Federal Court") against the City of
London Investment Group PLC, City of London
Investment Management Company Limited, Barry
M. Olliff, and Emerging Markets Country
Fund.  The Federal Plaintiffs alleged that City of
London's proxy solicitations in connection with the
proposal to remove the Fund's investment manager
were false and misleading in violation of the federal
securities law.  The Federal Plaintiffs also sought,
among other things, a temporary restraining order
and preliminary injunction barring defendants from
using such proxy materials.  The Federal Court
denied that application on April 9, 2018.  The
Federal Plaintiffs then appealed to the Second
Circuit Court of Appeals.  While that appeal was
pending, Plaintiff Joe O. Rogers withdrew from the
action, and the remaining parties agreed to the
withdrawal of the appeal.  The parties then agreed
to the dismissal of the Federal Litigation without
prejudice.  The Federal Court dismissed the action
on July 9, 2018.