Alibaba shareholders back key mandates, elect directors at 2025 AGM

Alibaba Group Holding Limited held its annual general meeting on September 25, 2025, where shareholders approved several key proposals. A general mandate to issue additional ordinary shares, not exceeding 10% of issued shares and at no more than a 10% discount to the Benchmarked Price, was approved with 97.7% of votes for, representing 12.82 bn votes. Shareholders also granted a general mandate for the board to repurchase ordinary shares, up to 10% of issued shares, with 99.9% of votes for, or 13.11 bn votes.

The meeting saw the election of four Group II directors to serve until the 2028 annual general meeting: Eddie Yongming Wu (99.1% for), Jerry Yang (95.8% for), Wan Ling Martello (97.9% for), and Albert Kong Ping Ng (97.9% for). Additionally, PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers were appointed as the U.S. and Hong Kong independent registered public accounting firms, respectively, until the next annual general meeting, with 73.2% of votes in favor.

A total of 13.13 bn ordinary shares, representing approximately 68.8% of the ordinary shares issued as of the August 5, 2025 record date, were present or represented by proxy at the meeting. 517.93m ordinary shares held by the trustee of the company's equity incentive schemes and 3.06m repurchased shares pending cancellation were excluded from voting.