NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN 16 August 2011 Vision Opportunity China Fund Limited (the "Company" or "VOC") Net Asset Value at 12 August 2011 Vision Opportunity China Fund Limited (AIM: VOC.L) today reports that its unaudited Net Asset Value ("NAV') as at 12 August 2011 was US$45.28 million (5 August 2011: US$46.96 million). As at 12 August 2011, VOC had 65,289,574 ordinary shares of no par value in issue (the "Ordinary Shares"), which resulted in an unaudited NAV per Ordinary Share of US$0.694 as at that date (5 August 2011: US$0.719). For further Information, please contact: Vision Opportunity China Fund Limited Rebecca Kerner / Adam Benowitz Canaccord Genuity Limited Guy Blakeney/ Sue Inglis Financial Dynamics Ed Gascoigne-Pees/ Ed Berry Tel Tel Tel NOTE TO EDITORS Vision Opportunity China Fund Limited is a closed-ended fund traded on AIM. directly in listed companies with operations principally within Greater China. Greater China is a collective term for the territories administered by the China, those administered by the Republic of China and Singapore. VOC primarily Invests People's Republic of EFTA01123782