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

CTOnews.com January 8 news, according to the Beijing Business Daily, in the past two days, with the announcement of the adjustment of shareholders' voting rights, the topic about the resumption of listing of Ant Group continues to attract attention. With regard to the listing plan, on January 8, a person concerned with Ant responded to reporters that Ant is still focused on rectification and business upgrading, and has no plans to start listing.

Alibaba announced on the Hong Kong Stock Exchange today that Jack Ma, a shareholder of the general partner entity of Hangzhou Junhan Equity Investment Partnership and Hangzhou Junao Equity Investment Partnership, which holds more than 50 per cent of Ant Group and the voting rights of Ant Group, will terminate an agreement with other shareholders of the existing general partner. Under the agreement, Jack Ma was able to control the passage of resolutions at the shareholders' meeting level of the existing general partners on Junhan and Junao's exercise of Ant Group shareholders' rights.

Junhan's general partner will be changed into a newly established entity, and each of the two general partner entities will be equally owned by five different natural persons (that is, the two general partner entities will have a total of ten different natural person shareholders. Including Mr. Jack Ma and Ant Group management and employee representatives).

After the above changes, Jack Ma will no longer control the majority voting rights of the Ant Group held by Junhan and Junao, Junhan and Junao will be controlled by different general partner entities, and any general partner entity will not be controlled by any individual. Alibaba Group's equity in Ant Group remains unchanged, and neither Alibaba Group nor any other shareholders controls Ant Group.

CTOnews.com learned that Ant Group launched the IPO program in 2020, which was thought to be the largest IPO in the world that year. But on November 3, 2020, Ant Group's IPO was pressed the pause button just before the door. In March last year, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said at the press conference on promoting the virtuous cycle of economy and finance and high-quality development held by the State New Administration Office that the financial business carried out by platforms such as Ant Group was not regulated in the past and is now being gradually incorporated into supervision, which is a process. At present, the ant self-examination is basically over, rectification and reform is not over, some problems need to be further explored, and new situations will be disclosed in a timely manner.

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