Summary by Moomoo AI
Alibaba Group Holding Limited (Alibaba) announced that it will hold its annual shareholder meeting on August 22, 2024, to vote on issues such as authorization to issue shares for different voting rights structures, authorization to repurchase shares, and the 2024 stock-based incentive plan. The company applied to the Hong Kong Stock Exchange on August 8, 2022 to change its secondary listing status in Hong Kong to primary listing, with the expected completion date before the end of August 2024. In addition, the company has repurchased a large number of shares in the market under its share buyback plan in the past year. The annual shareholder meeting will be conducted through online live streaming, and holders of ordinary shares and American depositary shares can participate in the relevant virtual meeting. The company's board of directors recommends that shareholders vote in favor of all proposals.
