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AllianzGI to vote FOR shareholder-led board nomination at Delton Technology AGM, reinforcing minority shareholder rights and board independence

15.06.2026 | Allianz Global Investors (AllianzGI), one of the world's leading active investment managers, today announced its intention to support shareholder proposal 12.3 to elect an Independent Non-Executive Director (INED) at the upcoming Annual General Meeting (AGM) of the Chinese company Delton Technology, to be held on 18 June 2026. The proposal is submitted by minority shareholders, the China Securities Investor Services Center (CSISC)1 and Guangdong Yueke Zhenyue No.1 Equity Investment Partnership2.

The nomination would enhance the perception of board independence, particularly in a founder-influenced ownership structure. It would support a measured refresh of the independent director cohort, following the departure of the current INED and would introduce an external and experienced voice to the board. AllianzGI believes the nomination is well suited to contribute both industry insight and effective oversight.

Antje Stobbe

Antje Stobbe, Head of Stewardship at AllianzGI, commented: "This proposal is constructive and positive in terms of governance development as it reflects minority shareholders exercising formal nomination rights, supports board refreshment and sends a positive signal on board independence in a controlled ownership structure. Supporting the proposal aligns with AllianzGI’s stewardship priorities, that include encouraging active participation of minority shareholders; promoting strong and independent boards and supporting ongoing governance reform in mainland China and Hong Kong markets.”

AllianzGI remains committed to exercising its voting rights in a considered and transparent manner, with the aim of protecting and enhancing long-term shareholder value. So far this year, AllianzGI has already publicly announced its voting intentions ahead of several annual general meetings, including those of Exxon, Meta, AT&T and four Swedish companies.


For further information please contact:

Contact

Marion Leblanc-Wohrer
Tel: +33 17305 7791
Email: Marion.leblancwohrer@allianzgi.com

 


About Allianz Global Investors:

Allianz Global Investors is a leading active asset manager with over 700 investment professionals in over 22 offices worldwide and managing EUR 598 billion in assets. We invest for the long term and seek to generate value for clients every step of the way. We do this by being active – in how we partner with clients and anticipate their changing needs, and build solutions based on capabilities across public and private markets. Our focus on protecting and enhancing our clients’ assets leads naturally to a commitment to sustainability to drive positive change. Our goal is to elevate the investment experience for clients, whatever their location or objectives.

About Allianz Global Investors:

Data as at 31 March 2026. Total assets under management are assets or securities portfolios, valued at current market value, for which Allianz Global Investors companies are responsible vis-á-vis clients for providing discretionary investment management decisions and portfolio management, either directly or via a sub-advisor (these include Allianz Global Investors assets which are now sub-advised by Voya IM since 25 July 2022). This excludes assets for which Allianz Global Investors companies are primarily responsible for administrative services only. Assets under management are managed on behalf of third parties as well as on behalf of the Allianz Group.

 

1 China Securities Investor Services Center (CSISC) is a non-profit investor protection institution established in 2014 and directly administered by the China Securities Regulatory Commission (CSRC). Its functions include investor education, not-for-profit shareholding, exercising shareholder rights such as voting and proposals, providing mediation and litigation support, and reflecting investor concerns to regulators.   http://www.isc.com.cn/
2 Under the revised PRC Company Law, effective 1 July 2024, the threshold for shareholders of a joint stock company to submit temporary proposals was lowered from 3% to 1%, while shareholders holding more than 1% may also nominate independent director candidates, including through investor protection institutions publicly soliciting shareholder rights. This case reflects the growing use of formal minority shareholder nomination rights in the China market. 

 

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