Company: CAF
Filing Date: 2025-07-02
Form Type: SC TO-C
Source: 0001104659-25-064847
Chunk: 1

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-07-02
Form: SC TO-C
Chunk 1
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 Share
Fund, Inc. (NYSE: CAF) (the “Fund”) will be reduced from an annual fee equal to 1.25% to an annual fee equal to 1.15%
of the Fund’s average weekly net assets.

In addition, the requirements of the Fund’s conditional tender
offer announced on June 10, 2022 have not been met. Accordingly, the Fund will not be conducting a tender offer at this time, As
was previously announced, the Board of Directors of the Fund approved a performance-related conditional tender offer to acquire in exchange
for cash up to 25 percent of the Fund’s then issued and outstanding shares at a price equal to 98.5 percent of the Fund’s
net asset value per share (“NAV”) (minus the costs and expenses related to the tender offer) as of the close of regular trading
on the New York Stock Exchange (“NYSE”) on the business day the offer expires (a “Tender Offer”). As explained
in such prior announcement, the Fund would conduct such a Tender Offer only if both (1) the Fund’s total return investment
performance measured on a NAV basis did not equal or exceed the total return investment performance of the Fund’s benchmark index,
the MSCI China A Onshore Index, during the three-year period commencing on July 1, 2022 and ending on June 30, 2025 (and for
the term of successive five-year periods thereafter commencing July 1, 2025), and (2) the Fund’s shares were trading at
or below NAV at the conclusion of the applicable measurement period, with such Tender Offer occurring on or before September 30,
2025, and thereafter on each five-year anniversary of September 30, 2025.

For the period July 1, 2022 through June 30, 2025, the Fund’s
total return investment performance measured on a NAV basis exceeded that of the MSCI China A Onshore Index. As noted in the fund documents,
performance assumes that all dividends and distributions, if any, were reinvested at prices obtained under the Fund’s dividend
reinvestment plan.1

Accordingly, no Tender Offer will be conducted for this period. The
conditions triggering a Tender Offer (as described above) will be assessed again at the conclusion of the five-year period commencing
July 1, 2025 and ending on June 30, 2030 (and for successive five-year periods thereafter commencing on