Shulou(Shulou.com)11/24 Report--

CTOnews.com January 7 news, Ant Group announced today that in order to continuously improve corporate governance and achieve long-term sustainable development, it plans to take a series of upgrading measures at the board of directors and shareholders level, including the introduction of a fifth independent director, shareholder superstructure adjustment and so on. The changes will lead to changes in the voting rights of major shareholders: from voting jointly by Jack Ma and those acting in concert to 10 independent votes, including Ant Group management, employee representatives and Jack Ma. In the future, there will no longer be any single or joint control of ant groups by direct or indirect shareholders.

For this adjustment, the market has been rumored earlier. In July last year, the Wall Street Journal quoted people familiar with the matter as saying that Jack Ma had been considering giving up control of ants by reducing their voting rights for years, a plan that had not been implemented because he did not want the changes to affect the listing of ants. The suspension of the listing of ants provides an opportunity for Jack Ma to solve this problem.

It is understood that the original voting structure of Ant Group is a phased arrangement made in the early years to achieve employee stock ownership. In 2013, in order to achieve employee shareholding, two major holding platform companies, Hangzhou Junhan and Hangzhou Junao, became major shareholders of Ant, controlled by the same general partner company (Hangzhou Yunplatinum). At the cloud platinum level, Jack Ma signed a concerted action agreement with three other shareholders.

Now, Jack Ma and other four people have terminated the agreement on concerted action. Hangzhou Junhan and Hangzhou Junao are controlled by Hangzhou Yunping and split into Hangzhou Yunping and Hangzhou Xingtao respectively. The shareholders of the relevant general partner enterprises have changed from Jack Ma and his concerted actors to a combination of ant management, employee representatives and Jack Ma.

According to the announcement, after the adjustment of Ant Group, the proportion of shareholders and shareholdings of Ant has not changed, the economic interests of shareholders and beneficiaries will not be affected, and the voting rights of shares are more transparent and decentralized. "this is a further optimization of the corporate governance structure and will promote the sustained and steady development of ants," the announcement said.

The announcement also shows that Hangzhou Yunplatinum and Hangzhou Xingtao, as general partners of Junhan Junao, do not enjoy any economic benefits from Ant Group. After the adjustment, Jack Ma's economic interests in the Ant Group remain unchanged, and his right to vote on the Ant Group will match his economic interests as a natural person shareholder in the Ant Group in Hangzhou.

At present, Ma Yun's main work is to devote himself to domestic public welfare undertakings as the sponsor of Ma Yun Public Welfare Foundation. Just a week ago, he appeared at the "Ma Yun Rural teacher Award" award ceremony via video link, and went to the "Laba appointment" with 100 rural teachers for the eighth year in a row.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.