The Asia Pacific Fund, Inc. Announcing Board of Directors Update

NEW YORK, NY--(Marketwired - Aug 17, 2016) - The Asia Pacific Fund, Inc. (NYSE: APB) (the "Fund") announced today that at today's Annual Meeting of Stockholders Messrs. Robert F. Gunia and Christopher Sykes were elected as Class III Directors by holders of a majority of the outstanding shares of the Fund, while Mr. Nicholas T. Sibley received votes of holders of less than a majority of the outstanding shares of the Fund and was not re-elected. At a meeting following the Annual Meeting of Stockholders the Fund's Board of Directors thanked Mr. Sibley for his years of service to the Fund, accepted his resignation from the Board, and approved a reduction in the size of the Board to seven Directors. 

About The Asia Pacific Fund, Inc.:

The Asia Pacific Fund, Inc. is a diversified, closed-end management investment company, listed on the New York Stock Exchange under the symbol "APB." The investment objective of the Fund is to achieve long-term capital appreciation through investment primarily in equity securities in the Asia Pacific countries (excluding Japan). The Fund is managed by Value Partners Hong Kong Limited. For further information on The Asia Pacific Fund, Inc., please call our toll free line at 1-888-4-ASIA-PAC (1-888-427-4272) or visit www.asiapacificfund.com.