Summary by Futu AI
Alibaba Group Holding Limited reported the successful completion of its 2024 Annual General Meeting on August 22, 2024. Shareholders voted in favor of several key proposals, including the amendment and restatement of the company's Memorandum and Articles of Association, and the granting of general mandates to the Board for the issuance and repurchase of shares. The mandates allow for the dealing of up to 10% of the issued Ordinary Shares, with the issuance mandate specifying no more than a 10% discount to the Benchmarked Price. Additionally, the 2024 Equity Incentive Plan and the Service Provider Sub-limit were adopted. Directors Joseph C. TSAI, J. Michael EVANS, Irene Yun-Lien LEE, and Weijian SHAN were elected or re-elected to serve terms of varying lengths. PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers were ratified as the U.S. and Hong Kong independent registered public accounting firms for the fiscal year ending March 31, 2025. Approximately 76% of the outstanding Ordinary Shares were represented at the meeting, with the majority voting in favor of the proposed resolutions.