Beijing Business Daily (Reporter Yue Pinyu Dong Hanxuan) In January 2023, Ant Group announced that in order to continue to improve corporate governance and achieve long-term sustainable development, Ant Group plans to take a series of upgrade measures at the board and shareholder level, including introducing more independent directors, adjusting the voting rights structure of major shareholders, and promoting more transparent and decentralized shareholder voting rights. Today, announcements from a number of Ant affiliates show that the above adjustments have been completed.
On December 29, according to the announcements issued by Hang Seng Electronics and Cathay Pacific Property and Casualty respectively, Ant Group was changed to no actual controller due to the completion of the procedures and completion of the completion of the relevant parties involved in the adjustment of the voting rights of Ant Group's shareholders, and as affiliates of Ant Group, Hang Seng Electronics and Cathay Pacific Property Insurance also changed to no actual controller. On the same day, based on the same background, Alipay (China) Network Technology also completed the change of the actual controller and obtained the approval of the relevant departments.
Ant Group said that the structural adjustment plan for the voting rights of Ant Group's major shareholders was announced in January 2023, and the relevant procedures have been completed and the delivery has been completed. The adjustment will not have an impact on the day-to-day operations of the companies involved.
According to Ant Group's sustainability report, since 2022, Ant Group has continued to improve its corporate governance, increasing the proportion of independent directors on the board of directors to 50% and the number of special committees on the board of directors to six. The adjustment of the voting rights structure also indicates that Ant's shareholder voting rights are more transparent and decentralized, and the governance structure is more stable, which is conducive to the company's long-term sustainable development.