Company: CAF
Filing Date: 2025-12-05
Form Type: SC TO-C
Source: 0001104659-25-118899
Chunk: 2

Company: Morgan Stanley China A Share Fund, Inc.
Filing Date: 2025-12-05
Form: SC TO-C
Chunk 2
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, 2028). If the Fund’s performance described above equals or exceeds that of the MSCI China A Onshore Index during any such period or if the Fund’s shares are trading at a premium to NAV at the conclusion of the applicable measurement period, no Conditional Tender Offer will be conducted for that period. For more information: 800.231.2608 If a Conditional Tender Offer is triggered, the Fund will issue a press release announcing the Conditional Tender Offer and providing additional information about such Conditional Tender Offer. Additional terms and conditions of a Conditional Tender Offer would also be set forth in the relevant offering materials, which would be distributed to the Fund’s stockholders. The size of any such Conditional Tender Offer (up to 25 percent of the Fund’s then-issued and outstanding shares), the price at which shares are to be tendered and other terms and conditions of such Conditional Tender Offer would be determined by the Board in its discretion based on its review and consideration of the then-current size of the Fund, market conditions, the ability to repatriate the necessary cash and subject to local Chinese regulatory requirements and other factors it deems relevant. In the event that a Conditional Tender Offer is triggered and more than 25 percent of the Fund’s then-issued and outstanding shares are tendered, the Fund will purchase its shares from tendering stockholders on a pro rata basis (odd-lot tenders for stockholders who own fewer than 100 shares are still subject to pro ration), based on the number of tendered shares, at a price equal to 98.5 percent of the Fund’s NAV (minus the costs and expenses related to the Conditional Tender Offer), as described above. About the Fund The Fund continues to maintain a share repurchase program (the “Program”) for purposes of enhancing stockholder value by providing the ability to repurchase shares at a discount to NAV. During the period January 1, 2025 to October 31, 2025, the Fund repurchased 302,038 of its shares at an average discount of -16.57% from NAV. Since the inception of the Program through October 31, 2025, the Fund has repurchased 664,960 of its shares at an average discount of -17.87% from NAV. The Board regularly monitors the Program as part of its review and consideration of the Fund’s premium/discount history. The Fund may only repurchase its outstanding shares at such time and in such amounts as it believes will further the accomplishment of the foregoing objectives