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3 ALLIANZ GLOBAL INVESTORS FUND Allianz China Equity PRODUCT KEY FACTS July 2018 This statement provides you with key information about Allianz China Equity (the Sub-Fund ). This statement is a part of the offering document. You should not invest in this product based on this statement alone. Quick facts Management Company: Investment Manager: Depositary: Dealing Frequency: Base Currency: Dividend Policy: Financial year end of the Sub-Fund: Minimum Investment: Initial Subsequent Ongoing Charges over a year* Class A / AM / AMg 2.28% Class AT (SGD) 1.88% Allianz Global Investors GmbH Allianz Global Investors Asia Pacific Limited, based in Hong Kong (internal delegation) State Street Bank Luxembourg S.C.A. Daily; each day banks and exchanges are open in Hong Kong and Luxembourg USD Distribution Shares (Class A) will be distributed annually on 15 December (subject to the Company s discretion) Distribution Shares (Class AM/AMg) will be distributed on 15 th of every month (subject to the Company s discretion) Accumulation Shares (Class AT) all income are reinvested Dividend payments may, at the sole discretion of the Company, be made out of the Sub-Fund s income and/or capital (Class A/AM/AMg). The Company may at its sole discretion also pay distribution out of gross income while charging/paying all or part of the Sub-Fund s fees and expenses to/out of the capital of the Sub-Fund, resulting in an increase in distributable income for the payment of dividends by the Sub-Fund and therefore, the Sub-Fund may effectively pay dividend out of capital (Class AMg). Distributions out of capital or effectively out of capital may result in an immediate decrease of the NAV per share of the Sub-Fund. 30 September USD 5,000 (or equivalent amount in other available currencies) or EUR 5,000 or HKD 50,000 or RMB 50,000 USD 1,000 (or equivalent amount in other available currencies) or EUR 1,000 or HKD 10,000 or RMB 10,000 *The ongoing charges figures are calculated based on the costs incurred by the Sub-Fund over a 12-month period divided by the average net assets over the same period based on the information in the latest audited financial statement for the year ended 30 September It is provided for each share class available within the Sub-Fund. This figure may vary from year to year. It includes All-in-Fee plus the Luxembourg tax (Taxe d Abonnement) and excludes transaction cost. Rounding differences may occur. What is this product? The Sub-Fund is a sub-fund of Allianz Global Investors Fund (the Company ), which is constituted as an open ended investment company in Luxembourg. It is regulated by Commission de Surveillance du Secteur Financier ( CSSF ) in Luxembourg.

4 Investment Objective Long-term capital growth by investing in equity markets in the People s Republic of China ( PRC ), Hong Kong and Macau. Investment Strategy At least 70% of Sub-Fund assets are invested in equities of companies which are exposed or connected to the PRC, Hong Kong and Macau (e.g. companies with registered offices or sales/profits predominantly in the PRC, Hong Kong and Macau). Less than 30% of Sub-Fund assets may be invested in equities other than the above. Up to 100% of Sub-Fund assets may be invested in emerging markets. Up to 50% of Sub-Fund assets may be invested in the China A-Shares market either directly via Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect (the Stock Connect ) or indirectly through all eligible instruments. The Sub-Fund may invest in financial derivative instruments ( FDI ) for efficient portfolio management (including for hedging). It will not invest extensively in FDI for investment purposes. What are the key risks? Investment involves risks. The Sub-Fund s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Sub-Fund may suffer losses. Please refer to the Prospectus for details including the risk factors. 1. Investment Risk/General Market Risk The Sub-Fund is an investment fund. There is no guarantee of the repayment of principal. The instruments invested by the Sub-Fund may fall in value. The Sub-Fund invests in securities (eg. equities), and is exposed to various general trends and tendencies in the economic and political situations as well as securities markets and investment sentiment, which are partially attributable to irrational factors. Such factors could lead to substantial and longer-lasting drops in prices affecting the entire market. Securities from top-rated issuers are subject to essentially the same general market risk as other securities and assets. All these factors may adversely impact the net asset value of the Sub-Fund. 2. Country and Region Risk The Sub-Fund s investments focus on the PRC, Hong Kong and Macau, which may increase the concentration risk. Consequently, the Sub-Fund is particularly susceptible to the adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory events and risks of the PRC, or of companies based and/or operating in the PRC. The net asset value of the Sub-Fund may be more volatile than a diversified fund. 3. Emerging Market Risk The Sub-Fund invests in emerging markets, such as Mainland China, which involve increased risks and special considerations not typically associated with investment in more developed economies or markets, such as greater political, tax, legal, economic, foreign exchange/control, liquidity, regulatory risks, settlement risks, custody risk and the likelihood of a high degree of volatility. All these factors may adversely impact the net asset value of the Sub-Fund. 4. Risks of Investing in China A-Shares The Sub-Fund assets may be invested in A-Shares. The securities market in China, including A-Shares, may be more volatile, unstable (for example, due to the risk of suspension/limitation in trading of a particular stock or government implementing policies that may affect the financial markets) than markets in more developed countries and has potential settlement difficulties. This may result in significant fluctuations in the prices of securities traded in such market and thereby affecting the prices of shares of the Sub-Fund. Investment in mainland China remains sensitive to any major change in economic, social and political policy in the PRC. The capital growth and thus the performance of these investments may be adversely affected due to such sensitivity. 5. Company-specific Risk The Sub-Fund may invest in equities which may be affected by company-specific factors, such as the issuer s business situation. If a company-specific factor deteriorates, the price of the respective asset may drop significantly and for an extended period of time, possibly even without regard to an otherwise generally positive market trend. All these factors may adversely impact the net asset value of the Sub-Fund. 6. Currency Risk The Sub-Fund may hold assets denominated in foreign currencies other than its base currency. The Sub-Fund may also launch a class of shares that may be designated in a foreign currency other than the base currency of the Sub-Fund. Accordingly, the Sub-Fund and investors of such class of shares are exposed to a currency risk that if these foreign currency positions have not been hedged or if there is any change in the relevant exchange control regulations, the net asset value of the Sub-Fund may be affected unfavorably. Any devaluation of the foreign currency against the base currency of the Sub-Fund would cause the value of the assets denominated in the foreign currency to fall and adversely impact the investor.

5 7. RMB Risk The Sub-Fund may invest in assets denominated in offshore and onshore Chinese Renminbi and launch share classes denominated in offshore Chinese Renminbi. The Chinese Renminbi traded in Mainland China is not freely convertible and is subject to exchange controls, policies and restrictions imposed by the PRC authorities. Such policies may limit the depth of the Chinese Renminbi market available outside of Mainland China, and thereby may reduce the liquidity of the Sub-Fund. Under exceptional circumstances, payment of redemptions and/or dividend payment in RMB may be delayed due to the exchange controls and restrictions applicable to RMB. Furthermore although offshore Renminbi and onshore Renminbi are the same currency, they trade at different rates. Any divergence between offshore Renminbi and onshore Renminbi may adversely impact investors. Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors home currency will not depreciate. Any depreciation of RMB could adversely affect the value of investors investment in the RMB denominated share classes and the value of investments in Chinese Renminbi assets. 8. Derivatives Risk The Sub-Fund may invest in derivatives, which may expose the Sub-Fund to higher leverage, valuation, volatility, counterparty, liquidity, market and over the counter transaction risks, all of which may adversely impact the net asset value of the Sub-Fund. The leverage component of an FDI can result in a loss significantly greater than the amount invested in the FDI by the Sub-Fund. The Sub-Fund s use of FDI in efficient portfolio management (including for hedging) may become ineffective and/or cause the Sub-Fund to suffer significant losses. 9. Risk related to Distribution out of Capital and Distribution effectively out of Capital The payment of distributions out of capital/distributions effectively out of capital represents a return or withdrawal of part of the amount investors originally invested and/or capital gains attributable to the original investment. Any distributions involving payment of distributions out of the Sub-Fund s capital/distributions effectively out of the Sub-Fund s capital may result in an immediate decrease in the Net Asset Value per Share and may reduce the capital available for the Sub-Fund for future investment and capital growth. The distribution amount and NAV of any hedged share classes of the Sub-Fund may be adversely affected by differences in the interests rates of the reference currency of the hedged share classes and the base currency of the Sub-Fund, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged share classes. 10. Risks associated with the Stock Connect The Stock Connect is novel in nature. The relevant regulations are untested and subject to change which may have potential retrospective effect. There is no certainty as to how they will be applied. The Stock Connect is subject to a daily quota which does not belong to the Sub-Fund and may only be utilized on a firstcome-first served basis and therefore may restrict the Sub-Fund s ability to invest in China A-shares through the Stock Connect on a timely basis or the Sub-Fund may not be able to make its intended investments through Stock Connect. PRC regulations impose certain restrictions on selling and buying. Also, a stock may be recalled from the scope of eligible stocks for trading via the Stock Connect. This may affect the investment portfolio or strategies of the Sub-Fund. Where a suspension in the trading through the programme is effected, the Sub-Fund s ability to invest in Chinese A-Shares or access the PRC market through the programme will be adversely affected. In such event, the Sub-Fund s ability to achieve its investment objective could be negatively affected. Trading in securities through the Stock Connect may be subject to clearing and settlement risk. If the PRC clearing house defaults on its obligation to deliver securities/make payment, the Sub-Fund may suffer delays in recovering its losses or may not be able to fully recover its losses. Further, the Sub-Fund s investments through the Stock Connect are not covered by the Hong Kong s Investor Compensation Fund. 11. Mainland China Tax Risk The investments through the Stock Connect are subject to the tax regime in the PRC. The business tax and income tax on capital gains are temporarily exempted for an uncertain period. The tax regime may change from time to time and the Sub-Fund is subject to risks and uncertainties in its PRC tax liabilities and in PRC tax laws, regulations and practice. Any increased tax liabilities of the Sub-Fund may adversely affect the Sub-Fund s value. Based on professional and independent tax advice, the Sub-Fund will make the following tax provisions: 10% on dividend from Chinese A-Shares if the withholding tax is not withheld at source. Any shortfall between the provision and the actual tax liabilities, which will be debited from the Sub-Fund s assets, will adversely affect the Sub-Fund s net asset value. The actual tax liabilities may be lower than the tax provision made. Depending on the timing of their subscriptions and/or redemptions, investors may be disadvantaged as a result of any shortfall of tax provision and will not have the right to claim any part of the overprovision (as the case may be).

6 How has the Sub-Fund performed? In 2010 there was a material change of the fund's objectives and investment policy. The previous performance was achieved under circumstances that no longer apply. 120% 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% The Sub-Fund was launched on 3 October 2008 where Allianz Global Investors Selections RCM China Fund was merged into the Sub-Fund with the same features (e.g. investment objectives, investment policies, risk profile) and fee structures effective on the same date. The performance information shown on or before the date of the merger belongs to Allianz Global Investors Selections RCM China Fund, class A-USD with the same features (e.g. investment objectives, investment policies, risk profile) and fee structures of the class A-USD of the Sub-Fund. Share Class*: A-USD Past performance information is not indicative of future performance. Investors may not get back the full amount invested. The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. These figures show by how much the Share Class increased or decreased in percentage during the calendar year being shown. Performance data has been calculated in USD including on-going charges and excluding subscription fee and redemption fee you might have to pay. Sub-Fund inception date: 2008 Share Class inception date: 2008 Predecessor fund (Dresdner RCM New Tiger Selections China sub-fund) inception date: 1992 *Representative share class Retail share class that is authorized and launched in Hong Kong with the longest track record. Is there any guarantee? This Sub-Fund does not have any guarantees. You may not get back the full amount of money you invest. What are the fees and charges? Charges which may be payable by you You may have to pay the following fees when dealing in the shares of the Sub-Fund. Fee (Class A/AM/AMg/AT) Subscription Fee Switching Fee (Conversion Fee) Redemption Fee What you pay Up to 5% of the NAV Up to 5% of the NAV (for switch-in) No Redemption Fee is currently levied Ongoing fees payable by the Sub-Fund The following expenses will be paid out of the Sub-Fund. They affect you because they reduce the return you get on your investments. Annual rate (as a % p.a. of the NAV) Management Fee (All-in-Fee) (Class A/AM/AMg/AT) 2.25% Depositary Fee The Depositary Fee is covered by All-in-Fee Performance Fee Not Applicable Administration Fee The Administration Fee is covered by All-in-Fee Other fees You may have to pay other fees when dealing in the shares of the Sub-Fund. The Sub-Fund will also bear the costs which are directly attributable to it, please refer to the section headed FEES AND CHARGES in the Prospectus for further details.

7 Additional information You generally buy and redeem shares at the Sub-Fund s next-determined net asset value (NAV) after Hong Kong Distributor/ Hong Kong Representative receives your request in good order on or before 5:00p.m. (Hong Kong time) on any Valuation Day which is also a Hong Kong Business Day. Intermediaries who sell this Sub-Fund may impose different dealing deadlines for receiving instructions for subscriptions, redemptions or conversions. Investors should pay attention to the arrangements of the intermediary concerned. The net asset value of this Sub-Fund is calculated and the price of shares published each Valuation Day. They are available online at hk.allianzgi.com. The compositions of the distributions (i.e. the relative amounts paid out of (i) net distributable income, and (ii) capital) for the last 12 months or since the launch of the Sub-Fund are available from the Hong Kong Representative on request and also on the website (hk.allianzgi.com). Investors may obtain the past performance information of other share classes offered to Hong Kong investors from the Hong Kong Representative on request and also on the website (hk.allianzgi.com). Important If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.

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10 安聯環球投資基金 安聯中國多元入息基金 本概要提供安聯中國多元入息基金 ( 本附屬基金 ) 的重要資料 本概要是銷售文件的一部分 閣下不應單憑本概要而決定投資於這項產品 產品資料概要 2018 年 7 月 資料概覽 管理公司 : Allianz Global Investors GmbH 投資經理 : 香港成立之安聯環球投資亞太有限公司 ( 內部轉授 ) 存管處 : State Street Bank Luxembourg S.C.A. 交易頻率 : 每日 ; 香港及盧森堡兩地銀行及交易所開門營業的每一日 結算貨幣 : 美元 派息政策 : 收息股份 (A 類股份 ) 每年於 12 月 15 日分派 ( 由本公司酌情決定 ) 收息股份 (AM/AMg 類股份 ) 於每月 15 日分派 ( 由本公司酌情決定 ) 累積股份 (AT 類股份 ) 所有收入重新用作投資 本附屬基金財政年度終結日 : 最低投資額 : 首次其後每年持續收費比率 ~ A / AM / AMg 類股份 1.56% AT 類股份 * 1.90% 本公司可全權酌情從本附屬基金的收入及 或資本中撥付股息 (A/AM/AMg 類股份 ) 本公司亦可全權酌情從總收入分派並從本附屬基金資本扣除 撥付本附屬基金的全部或部份費用及開支, 導致本附屬基金可用作派息的可分派收入有所增加, 本附屬基金因而可實際上從資本 (AMg 類股份 ) 中撥付股息 從資本或實際上從資本分派或會令本附屬基金的每股資產淨值即時下降 9 月 30 日 5,000 美元 ( 或其他可接受貨幣的等值款額 ) 或 5,000 歐元或 50,000 港元 1,000 美元 ( 或其他可接受貨幣的等值款額 ) 或 1,000 歐元或 10,000 港元 * 持續收費比率的計算辦法, 乃按本附屬基金於 12 個月期間所承擔成本除以同期平均淨資產 ( 以截至 2017 年 9 月 30 日止年度最新經審核財務報表內資料為準 ), 乃就本附屬基金每類可供認購股份而提供 此數據按年而異, 包括單一行政管理費及盧森堡稅 (Taxe d Abonnement), 交易成本並不包括在內 基於以四捨五入進位, 可能出現偏差 ~ 由 2017 年 3 月 15 日起, 單一行政管理費最大年率會由 2.25% 下調至 1.50% 因此最佳估計乃使用作為持續收費比率, 乃按本附屬基金於 12 個月期間所承擔估計成本總額除以同期估計平均淨資產, 減以單一行政管理費之下調計算 此數據按年而異, 包括單一行政管理費及盧森堡稅 (Taxe d Abonnement), 交易成本並不包括在內 基於以四捨五入進位, 可能出現偏差 本附屬基金是甚麼產品? 本附屬基金為安聯環球投資基金的附屬基金, 安聯環球投資基金乃於盧森堡成立的開放式投資公司, 受盧森堡基金業監察機構金融業監察委員會 (Commission de Surveillance du Secteur Financier) 監管 投資目標投資於中華人民共和國 ( 中國 ) 香港及澳門的股票及債券市場, 以達致長期資本增值及收益 投資策略本附屬基金最少將 70% 的資產直接投資於涉及中華人民共和國 香港及澳門或與之有關連 ( 例如註冊辦事處設於該等區域或其絕大部份銷售 溢利均源自該區域的公司 ) 的股票及 或債務證券 本附屬基金可將少於 30% 的資產投資於上文所述以外的股票及 或債務證券及 或其他資產類別 本附屬基金最多可將 80% 的資產投資於股票 本附屬基金最多可將 80% 的資產投資於債務證券, 包括於中國境外發行的人民幣計價附息證券 ( 點心 債券 ) 本附屬基金最多可將 80% 的資產投資於債務證券, 該等債券在購入時的評級為 BB+ 或以下 ( 按標準普爾 惠譽或其他評級機構的等同評級 ), 或若未獲評級, 則由投資經理釐定為具有可比較質素的評級, 以及購入時的評級為 CC 或以下 ( 標準普爾 )( 包括最多可將本附屬基金 10% 的資產投資於違約證券 )

11 本附屬基金最多可將 50% 的資產直接 ( 若屬中國 A 股, 則透過滬港通及深港通 ( 滬 深港通 ) 及 或若屬債務證券, 則透過中國銀行間債券市場或債券通或人民幣合格境外機構投資者 ( RQFII ) 額度 ) 及 或透過一切合資格工具而間接投資於中國 A 股 中國 B 股及 或中國債務證券 本附屬基金對各類資產類別的配置可不時顯著改變 本附屬基金對每類資產類別的投資, 乃按投資經理因應其對經濟狀況及市場因素 ( 包括股價水平 利率水平及預期方向 ) 的評估而決定 為進行流通性管理及 或為防守目的及 或任何其他特殊情況 ( 例如股災或重大危機 ), 以及若投資經理認為符合本附屬基金的最佳利益, 本附屬基金最多可將 100% 的資產暫時持作存款或直接投資於貨幣市場票據及 ( 最多 10% 的附屬基金資產 ) 投資於貨幣市場基金 本附屬基金最多可將 50% 的資產綜合進行證券借貸交易 以場外交易為基礎的購回交易及 或反向購回交易及相若場外交易 本附屬基金可為有效率投資組合管理 ( 包括對沖 ) 而投資於金融衍生工具 本附屬基金不會為投資目的而廣泛投資於金融衍生工具 本附屬基金有哪些主要風險? 投資涉及風險 本附屬基金投資組合的價值可能會因以下任何一項主要風險因素而下降, 因此閣下於本附屬基金的投資可能會蒙受損失 請參閱基金章程, 了解風險因素等資料 1. 投資風險 一般市場風險 本附屬基金是一項投資基金, 概不保證可收回投資本金 本附屬基金所投資工具的價值可能下降 本附屬基金直接或間接投資於股票及附息證券, 會受到經濟與政治狀況及證券市場與投資氣氛的各種一般趨勢影響, 而該等趨勢部份由非理性因素造成 2. 國家及區域風險 本附屬基金主要投資於中國 香港及澳門, 或會加大集中程度風險 因此, 本附屬基金會特別易受該區域 又或以該區域為基地及 或在當地經營業務的公司不利的經濟 政治 政策 外匯 流通性 稅務 法律或監管事件及風險所影響 相比多元化基金, 本附屬基金的資產淨值可能更為波動 3. 新興市場風險 本附屬基金投資於新興市場 ( 例如中國 A 股 ), 涉及若干風險及一般與發展較成熟國家或市場投資不相關的特別風險考慮, 例如較高的政治 稅務 經濟 外匯 流通性 監管風險 結算風險 託管風險及波幅較大的可能性 4. 投資於中國 A 股的風險 相比發展較成熟的市場股份, 本附屬基金的 A 股投資可能面對較高波幅及較低流通性 ( 例如因某隻股票的買賣暫停 受限或政府或監管機構實施可能會影響金融市場的政策的風險 ) 5. 信貸能力風險 信貸評級風險 本附屬基金所持的附息證券或會被降級, 價值或會下跌 這亦會導致本附屬基金的資產淨值下跌 本附屬基金未必一定能夠出售被降級的債務票據 評級機構給予的信貸評級具有局限性, 而且無法時刻保證證券及 或發行機構的信貸能力 6. 資產配置風險 本附屬基金的投資或會定期重新調整, 以致本附屬基金所招致的交易成本或會高於採用固定配置策略的附屬基金 7. 利率風險 由於本附屬基金投資於附息證券, 因而會受到利率波動影響 若市場利率上升, 本附屬基金所持附息資產的價值或會大幅下跌 8. 波幅及流通性風險 相比發展較成熟的市場, 中國市場的證券可能面對較高波幅及較低流通性 於該等市場交易的證券價格可能會出現波動及存在潛在結算困難 該等證券的買賣差價可能較大, 使本基金招致重大交易成本 9. 投資於高收益 ( 非投資級別與未獲評級 ) 投資的特定風險 投資於高收益 ( 非投資級別與未獲評級 ) 投資通常須承擔較高的波幅風險 較大的本金及利息虧損風險 較高的信貸能力和評級下調風險 違約風險 利率風險 一般市場風險及流通性風險, 種種因素均有可能對本附屬基金的資產淨值構成不利影響 10. 主權債務風險 本附屬基金投資的附息證券由政府發行或擔保, 或須承擔政治 社會及經濟風險 在不利情況下, 主權發行機構可能無法或不願在到期時償還本金及 或利息, 或要求本附屬基金參與該等債務重組 若主權債務證券發行機構違約, 本附屬基金或會蒙受重大虧損 11. 估值風險 本附屬基金資產的估值可能涉及不確定因素及判斷性決定 若該估值結果不正確, 可能會影響本附屬基金的資產淨值計算 12. 人民幣債務證券風險 點心 債券市場仍為相對小型的市場, 容易受到波幅及流通性不足所影響 若有關監管機構頒佈任何新規則以限制或規限發行機構以發債形式募集人民幣及 或使離岸人民幣市場的自由化進程逆轉或暫停, 點心 債券市場的操作及新債發行可能受到干擾, 導致本附屬基金的資產淨值下跌 本附屬基金投資於中國內地的境內附息證券 因交投量低而造成的市場波動及潛在的流通性不足, 可能導致於該等市場交易的證券價格顯著波動, 從而可能導致本附屬基金的資產淨值大幅波動, 及本附屬基金單位的認購及贖回可能會被中斷 13. 信貸評級機構風險 中國內地的信貸評估制度及採用的評級方法可能與其他市場所用者不同 因此, 中國內地評級機構所給予的信貸評級可能與其他國際評級機構的評級無法直接比較

12 14. 公司特定風險 本附屬基金可投資於股票 若某隻股票的公司特定因素惡化, 個別資產的價格或會大幅下跌, 可能對本附屬基金的資產淨值構成不利影響 15. 貨幣風險 本附屬基金的相關投資可以本附屬基金的結算貨幣以外的貨幣計價 本附屬基金亦可推出以本附屬基金結算貨幣以外的貨幣計價的股份類別 若此等貨幣與結算貨幣之間的匯率波動及外匯管制出現變動, 本附屬基金的資產淨值可能蒙受不利影響 16. 人民幣風險 本附屬基金可投資於以離岸及境內中國人民幣計價的資產 在中國內地買賣的中國人民幣不可自由兌換, 並須受外匯管制 政策及限制約束 中國人民幣可能會貶值, 在該情況下, 中國人民幣資產投資的價值將會蒙受不利影響 此外, 儘管離岸人民幣和境內人民幣是相同貨幣, 但兩者以不同的匯率交易 離岸人民幣與境內人民幣之間的任何差異或會對投資者構成不利影響 17. 衍生工具風險 本附屬基金有可能投資於衍生工具, 或會使本附屬基金承受較高的槓桿 交易對手 流通性 估值 波幅 市場及場外交易風險, 種種因素均有可能對本附屬基金的資產淨值構成不利影響 金融衍生工具的槓桿成份可能導致遠高於本附屬基金投資於金融衍生工具金額的虧損 本附屬基金為對有效率投資組合管理 ( 包括對沖 ) 而運用金融衍生工具的措施可能失效及 或導致本附屬基金蒙受重大虧損 18. 與從資本分派及實際上從資本分派相關的風險 從資本分派 實際上從資本分派代表從投資者的原本投資額及 或原本投資應佔的資本增值中退還或提取部份款額 任何該等分派可能令本附屬基金的每股資產淨值即時下降 本附屬基金任何對沖股份類別的分派金額及資產淨值可能會因對沖股份類別的參考貨幣與本附屬基金結算貨幣之間的息差而受到不利影響, 導致從資本撥付的分派金額增加, 因而使資本蠶食的幅度大於其他非對沖股份類別 19. 有關滬 深港通的風險 滬 深港通本質尚屬嶄新 有關規例未經考驗, 而且可能出現具有追溯效力的變動 滬 深港通須受額度限制約束 若透過滬 深港通進行交易被暫停, 本附屬基金投資於中國 A 股或透過滬 深港通參與中國市場的能力將受到不利影響 在該情況下, 本附屬基金達致其投資目標的能力可能會受到負面影響 20. 投資於中國銀行間債券市場的風險 本附屬基金亦可能須承受與結算程序及交易對手違約相關的風險 與本附屬基金訂立交易的交易對手可能違約, 未能履行其透過交付相關證券或支付有關價值而結算交易的責任 透過中國銀行間債券市場方案及 或債券通投資中國銀行間債券市場的相關規則及規例可能出現具有追溯效力的變動 若有關中國機關暫停中國銀行間債券市場買賣, 本附屬基金投資於中國銀行間債券市場的能力將會受到局限, 本附屬基金可能因而蒙受重大虧損 21. 有關透過 RQFII 制度作出投資的風險 本附屬基金作出相關投資或全面落實或實行其投資目標及策略的能力受限於中國適用的法律 規則及規例 ( 包括投資限制及匯回本金與利潤 ), 其可予更改, 有關更改或有潛在追溯效力 若分配予本附屬基金以進行投資的 RQFII 額度不足 本附屬基金或被禁止買賣相關證券和匯回本附屬基金的款項, 以致 RQFII 的批文被撤銷 終止或視為無效, 或任何主要營運商或各方 ( 包括 RQFII 託管人 經紀行 ) 破產 違約及 或被取消履行義務的資格 ( 包括執行或結算任何交易或轉移資金或證券 ), 本附屬基金可能會遭受重大損失 22. 中國內地的稅務風險 透過滬 深港通或中國銀行間債券市場或 RQFII 額度或本附屬基金的連接產品投資於中國所變現的資本增值及增值稅涉及與現行中國稅務法律 規例及慣例相關的風險和不確定性 ( 可能具有追溯效力 ) 本附屬基金稅務負擔的任何增加可能對本附屬基金的價值構成不利影響 基於專業及獨立稅務建議, 本附屬基金會作出以下稅項撥備 : 若預扣稅並非從源頭上預扣, 將按 10% 稅率為來自中國 A 股的股息及中國企業從債務票據收取的利息作出預扣稅撥備 任何稅項撥備與實際稅務負擔的不足額將從本附屬基金的資產扣減, 並對本附屬基金的資產淨值構成不利影響 實際稅務負擔可能會低於所作的稅項撥備 視乎認購及 或贖回的時間而定, 投資者可能因任何稅項撥備的不足而蒙受不利影響, 而且無權就過多稅項撥備的任何部份提出申索 ( 視情況而定 ) 23. 證券借貸交易相關風險 證券借貸交易可能涉及借方未能及時退還已借出證券, 以及抵押品價值可能降至低於已借出證券價值的風險 24. 購回協議相關風險 若保存抵押品的交易對手未能履行責任, 本附屬基金可能蒙受虧損, 因為收回已存放的抵押品時可能延誤, 或由於抵押品定價不準確或市場走勢而使原本收取的現金可能少於存放於交易對手的抵押品 25. 反向購回協議相關風險 若收取現金的交易對手未能履行責任, 本附屬基金可能蒙受虧損, 因為收回已存放的現金時可能延誤, 或難以套現抵押品, 或由於抵押品定價不準確或市場走勢而使出售抵押品所得款項可能少於存放於交易對手的現金

13 本附屬基金過往表現如何? 本附屬基金的目標及投資政策於 2017 年出現重大改變 達致往績的情況已不再適用 30% 20% % 0% -10% -20% -30% 股份類別 *:AT 類美元 本基金的投資目標及政策於 2017 年作出重大變動 達致過往表現的情況不再適用 往績並非預測日後業績表現的指標 投資者未必能取回全部投資本金 業績表現以曆年末的資產淨值作為計算基礎, 股息會重新用作投資 此等數據顯示股份類別於有關曆年內的升跌百分比 業績表現以美元計算, 當中反映出持續收費, 但不包括本附屬基金可能向閣下收取的認購費及贖回費 若未有列示往績, 即表示該年度未有足夠數據以提供表現 本附屬基金成立日期 :2009 年 股份類別成立日期 :2009 年 * 代表股份類別 於香港獲認可及推出兼表現紀錄最長的零售類股 本附屬基金有否提供保證? 本附屬基金並不提供任何保證 閣下未必能取回全部投資本金 投資本附屬基金涉及哪些費用及收費? 閣下或須繳付的收費閣下進行本附屬基金股份交易時或須繳付以下費用 費用 (A/AM/AMg/AT 類股份 ) 比率 認購費 不超過資產淨值的 5% 轉換費 不超過資產淨值的 5%( 就轉入基金收取 ) 贖回費 目前並無收取贖回費 本附屬基金持續繳付的費用以下收費將從本附屬基金總值中扣除, 閣下的投資回報將會因而減少 每年收費率 ( 佔資產淨值的百分比年率 ) 管理費 ( 單一行政管理費 )(A/AM/AMg/AT 類股份 ) 現時 :1.50% 最高 :2.25% 存管費 存管費已包括在單一行政管理費內 業績表現費 不適用 行政費 行政費已包括在單一行政管理費內 其他費用閣下進行本附屬基金股份交易時或須繳付其他費用 本附屬基金亦承擔直接與其有關的成本 進一步詳情請參閱基金章程 費用及收費 一節

14 其他資料 閣下認購及贖回本附屬基金股份的價格, 一般為香港分銷商 香港代表在任何兼為香港營業日的估值日交易截止時間 ( 即香港時間下午 5 時 ) 或之前收妥閣下的認購及贖回要求後, 下一個釐定的每股資產淨值 銷售本附屬基金的中介機構接受認購 贖回或轉換指示的交易截止時間可能不同 投資者應留意有關中介機構的安排 本附屬基金在每一估值日計算資產淨值及公佈股份價格 詳情請瀏覽網站 hk.allianzgi.com 過去 12 個月或自本附屬基金成立以來分派的成份 ( 即從 (i) 可分派收入淨額, 及 (ii) 資本中撥付的相對款額 ) 可向香港代表查詢, 亦可瀏覽網站 (hk.allianzgi.com) 投資者可向香港代表索取可供香港投資者認購的其他股份類別的過往表現資料, 亦可瀏覽網站 (hk.allianzgi.com) 重要提示閣下如有疑問, 應徵詢專業意見 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述