Summary by Moomoo AI
Alibaba Group Holding Limited held its annual shareholder meeting on August 22, 2024, at which the shareholders passed a series of resolutions, including a special resolution amending the outline and detailed rules of the company's articles of association, as well as several ordinary resolutions. Among the ordinary resolutions, the shareholders granted the board of directors a general authorization to issue and repurchase shares, and approved the 2024 stock-based incentive plan and related service provider sub-limits. In addition, Mr. Tsai Chong Xing, Mr. J. Michael Evans, Ms. Lyn REN, and Mr. Daniel Zhang were elected as directors. The accounting firms PricewaterhouseCoopers Zhong Tian and Ernst & Young Hua Ming were also approved as the independent registered accounting firms for the company's next financial year. The shareholders attending the meeting collectively hold approximately 76% of the outstanding ordinary shares. Mr. Tsai Chong Xing, Chairman of the board of directors, exercised the full power of attorney on behalf of the company, voting in favor of all resolutions.
