Summary by Futu AI
Alibaba Group Holding Limited (Alibaba) announced that it will hold its annual shareholders' meeting on August 22, 2024, and vote on several matters such as the issuance of shares for its dual-class capital structure, authorization for share repurchases, and the 2024 stock-based incentive plan. The company has applied to the Hong Kong Stock Exchange to change its secondary listing status to a primary listing, with the goal of completion before the end of August 2024. Additionally, the company has purchased a significant amount of shares on the market through its share repurchase plan within the past year. The annual shareholders' meeting will be conducted through live webcast, and all common shareholders and American Depository Receipt holders can participate in the virtual meeting. The Board of Directors recommends that shareholders vote in favor of all resolutions.