Templeton Dragon Fund, Inc. announced that Michael Lai will join Franklin Templeton on August 5, 2019 as Senior Vice President and Portfolio Manager, China Equities within Franklin Templeton Emerging Markets Equity’s (FTEME) China investment team and become lead portfolio manager for the Fund. Lai will replace Eddie Chow effective August 5, 2019. Chow will retire from Franklin Templeton effective September 1, 2019, after 25 years of service to the firm. Lai will be based in Hong Kong and will serve as a portfolio manager focusing on FTEME’s China equity strategies. He brings over three decades of investment experience and joins the firm from GAM Investments (GAM), where he was lead portfolio manager of GAM’s China equity strategy since its inception in 2007. He also headed GAM’s Asian equity team in Hong Kong and was lead portfolio manager of GAM’s Asian strategy and co-manager for additional strategies. In addition to Lai, Yu-Jen Shih will be added as a portfolio manager on the Fund, effective August 5, 2019. Shih joined FTEME in 2018 as portfolio manager with a focus on Asia. Based in Singapore, he brings over two decades of global and Asia investment experience.