BABA Group released its annual report for fiscal year 2022, disclosing the latest list of partners. According to the annual report, BABA partners currently have a total of 29 members. In addition to some members who have previously announced their retirement, relevant members from the management of Ant Group, including Jing Xiandong, Ni Xingjun, Zeng Songbai, Peng Yijie and so on, are no longer BABA partners. Learned from people familiar with the matter, this is another move by Ant Group to continuously improve corporate governance, which aims to further enhance the transparency and effectiveness of corporate governance and strengthen the isolation from BABA, the main shareholder. According to the BABA Annual report, BABA recently revised the Partnership Agreement. According to the latest agreement, the partner should be a member of the BABA Group. Therefore, from May 31, 2022, the related party of the BABA Group will no longer be a partner.