Share Capital

China Fund Limited has 66,189,574 ordinary shares of no par value in issue. There are currently no shares held in treasury.

The ordinary shares of the Companies are not currently listed on any other trading platforms or exchanges.

The transfers of ordinary shares held in certificated form by US persons are subject to the Companies’ consent.

As far as the Companies are aware, there are 35.66 million ordinary shares currently not in public hands which represent 53.88 per cent. of the issued share capital and, of these 29.81% by City of London Investment Management Limited, 12.67% are held by Vision Capital Advisors and employees of VCA, and 11.40% by Baillie Gifford & Co.