Summary by Futu AI
Alibaba Group Holding Limited submitted the disclosure report for the following day on September 24, 2024, disclosing its share repurchase activities on the New York Stock Exchange. According to the report, between September 12 and September 23, 2024, the company repurchased a total of 30,861,416 ordinary shares through multiple transactions, with the repurchased shares to be cancelled. The average repurchase price ranged from USD 10.46 to USD 11.26. Furthermore, the company confirmed that there were no significant changes in the repurchase activities conducted in accordance with the Main Board Listing Rules of The Stock Exchange of Hong Kong Limited. After the repurchase, the total number of issued shares of the company remained at 19,179,116,908 shares, with no changes. The repurchase activities were carried out based on the repurchase authorization approved on August 22, 2024, which allows the company to repurchase up to 1,874,327,393 shares. As of the reporting date, the company has repurchased 111,415,632 shares under this authorization, representing 0.59% of the issued shares. Following the repurchase activities, the company will enter a temporary suspension period until October 23, 2024.