The Greater China Fund, Inc. (NYSE: GCH) Announces Election of Two Class III Directors and Termination of the

Fri Jun 29, 2012 12:30pm EDT

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  NEW YORK, NY, Jun 29 (Marketwire) -- 
The Greater China Fund, Inc. (NYSE: GCH) (the "Fund") announced today the
results of its 2012 Annual Meeting of Stockholders. At the meeting,
stockholders elected John A. Hawkins and Tak Lung Tsim, each as a Class
III director for a term of three years. 

    Stockholders also voted on a proposal by City of London Management
Company to terminate the Fund's Investment Advisory Agreement with Baring
Asset Management (Asia) Ltd. ("Baring"), the Fund's Investment Manager.
The proposal received the favorable vote of a majority of the Fund's
outstanding shares and therefore was approved. As a result, the Fund's
agreement with Baring will terminate in 60 days. The Fund's Board of
Directors will meet in due course to consider an appropriate course of
action.

    For more information on the Fund, including the most recent month-end
performance, visit www.greaterchinafund.com or call 1-877-FUND-GCH
(1-877-386-3424). 

    The Fund is a non-diversified, closed-end management investment company
that seeks long-term capital appreciation through investing primarily in
listed securities of China companies. The Fund's interim investment
adviser is Baring Asset Management (Asia) Limited. 

    

Contact: 
Patricia Baronowski 
631-756-2486 
pbaronowski@pristineadvisers.com 

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