Recently, the People's Bank of China ** released.
Information on the permission for major changes in major matters of non-bank payment institutions.
Publicity (as of December 2023)" showsThe People's Bank agreed
Alipay (China) Network Technology***
Changed to no actual controller.
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.
In January this year, Ant Group's official website released the "Announcement on Continuously Improving Corporate Governance". According to the announcement, the core of this adjustment is the change in the voting rights of Ant Group's major shareholdersAfter the adjustment, 10 natural persons, including Ant Group's management, employee representatives, and founder Jack Ma, will independently exercise their share voting rights to promote a better match between shareholders' voting rights and economic interests.
It is understood that before the adjustment, Jack Ma was the actual controller of Ant Group, and after the adjustment, the major shareholders of Ant Group independently exercised the voting rights of the shares held by Ant Group and did not act in concert, and the shareholders did not form control at the level of the shareholders' meeting of Ant Group, nor did any shareholder nominate more than half of the directors of all directors. As a result, there is no longer a situation in which any direct or indirect shareholder controls Ant Group solely or jointly.
It is also worth noting that on December 29, 2023, Hang Seng Electronics and Cathay Pacific Property Insurance, both subsidiaries of Ant Group, also issued separate announcements that the change in the voting rights structure of Ant Group's major shareholders has been completedAnt Group changed to no actual controller, and as affiliates of Ant Group, Hang Seng Electronics and Cathay Pacific Property & Casualty Insurance changed to no actual controller.
*: Guangzhou**, People's Bank of China**, China Economic Network.