BABA AGM Passes Resolutions, Incl. Buying Back 10% of Ordinary Shrs

$BABA-SW (09988.HK)$ announced the voting results of its 2024 Annual General Meeting. The resolution for the amendment and restatement of the Company's Memorandum and Articles of Association received 99.3% of the votes cast in favour.

Meanwhile, the motions to grant the Board of Directors a general mandate to issue, allot and/or otherwise deal with the additional ordinary shares of the company not exceeding 10% of the number of issued ordinary shares y (excluding Treasury Shares); to grant the general mandate to repurchase up to 10% of the company's ordinary shares (including in the form of American Depositary Shares); and to adopt the Company's 2024 Equity Incentive Plan and the Service Provider Sub-limit, were voted in favour with more than 90% of the votes cast.