Proxy voting AllianzGI’s approach to proxy voting Exercising voting rights at shareholder meetings is a fiduciary duty to our clients and a core part of AllianzGI’s role as an active investor and of our stewardship process. Our goal is to vote at shareholder meetings of all companies we invest in where AllianzGI has the authority to exercise voting rights. AllianzGI is bound by the terms of investment management agreements with our clients, including those related to proxy voting. We therefore may refrain from voting, or only vote on specified holdings/proportion of holdings in institutional clients’ portfolios if so mandated by the client. AllianzGI respects the right of clients in segregated accounts to retain voting rights, request that voting rights are exercised in line with the client’s voting policy, or delegate proxy voting and engagement activities to a third-party service provider. We do not provide clients with the option to influence voting decisions on a case-by-case basis. Finally, AllianzGI may refrain from voting if share blocking can be applied due to market regulation or custodian practices, or where specific market/custodian requirements make it impractical to vote. Global Corporate Governance Guidelines and policy review AllianzGI’s approach to corporate governance and proxy voting is set out in our Global Corporate Governance Guidelines ( documents: allianzgi.com ). The Guidelines outline our expectations regarding corporate governance practices at investee companies, including composition and effectiveness of corporate boards, shareholder rights, capital-related authorities, executive compensation, quality of external audit, and sustainability-related issues. We apply proprietary Corporate Governance Guidelines across our holdings globally. We put great effort and care into developing in-house views and positions on corporate governance and proxy voting matters. The Global Corporate Governance Guidelines are underpinned by detailed proxy voting policies that help to shape our voting decisions, while our proxy voting process ensures that significant governance and voting matters, and potential conflicts of interest, are assessed on a case-by-case basis. AllianzGI’s Global Corporate Governance Guidelines are approved by our Global Proxy Voting Committee. We review our Global Corporate Governance Guidelines and related policies at least once per year, considering changes in market developments, vote turn-out, regulatory amendments and changes in expectation levels of our clients. We include feedback from our service provider on the applicability of our voting policy in the review process. All proposed changes to the guidelines and the voting policy require consultation with the investment platform involving equity portfolio managers and analysts in all our locations globally. Input from our investment teams enables us to create a nuanced approach that combines global best practice standards for corporate governance with the knowledge of how these can be best applied and promoted in local markets. Proxy voting service providers All proxy voting research and initial voting recommendations are generated based on our own proprietary proxy voting policy. Proxy voting research is provided by Institutional Shareholder Services (“ISS”), a third-party proxy voting AllianzGI Stewardship Statement 13