The Greater China Fund Announces No Extension of Tender Offer

The Greater China Fund, Inc. GCH reminds investors that the Fund's tender offer (the "Tender Offer") to purchase up to 20% of the Fund's outstanding shares of common stock will expire this Friday, October 14, 2011, at 11:59 p.m, unless extended. The Fund continues to believe it appropriate to provide stockholders with the opportunity to exchange their shares at a price per share, in cash, equal to 98% of the Fund's net asset value per share as determined by the Fund on the next business day following the expiration date of the tender offer.