According to the "Information Announcement on the Permission for Major Changes in Major Matters of Non-bank Payment Institutions (as of December 2023)" released on the official website of the People's Bank of China, the central bank issued the Bank Permit Decision [2023] No. 189, agreeing to change Alipay (China) network technology*** to no actual controller.
On the morning of January 7 this year, Ant Technology Group Co., Ltd. (hereinafter referred to as "Ant Group") released an "Announcement on Continuously Improving Corporate Governance" on its official website.
According to the announcement, relevant members of Ant Group's management will no longer serve as partners of Alibaba, further enhancing the transparency and effectiveness of corporate governance and strengthening isolation from shareholder Alibaba Group.
On the other hand, the matter of restructuring the upper level of shareholders has attracted considerable attention. The core change is that from Jack Ma and his concerted actors jointly exercising share voting rights, to 10 natural persons, including Ant Group's management, employee representatives and founder Jack Ma, independently exercising share voting rights, which will result in the voting rights held by Jack Ma from 5346% down to 6208%, Jack Ma will no longer be the actual controller of Ant Group.
Editor-in-charge: Peng Bo.
Proofreading: Zhu Tianting.