Consent
Alipay (China) network technology
Ltd
Changed to no actual controller
It is understood that at the beginning of 2023, Ant Group announced that in order to continue to improve corporate governance and achieve long-term sustainable development, Ant Group plans to take a series of upgrade measures at the board and shareholder level, including introducing more independent directors, adjusting the voting rights structure of major shareholders, and promoting more transparent and decentralized shareholder voting rights.
Recently, the announcement of a number of Ant affiliates shows that the above adjustments have been completed.
Based on the same background, on the evening of December 29, Hang Seng Electronics and Cathay Pacific Property & Casualty Insurance also issued separate announcements stating that Ant Group has changed to no actual controller due to the completion of the procedures and completion of the completion of the relevant parties involved in the adjustment of the voting rights structure of Ant Group's shareholders, and as affiliates of Ant Group, Hang Seng Electronics and Cathay Pacific Property & Casualty Insurance have also been changed to no actual controller.
Source: Finance Associated Press, Finance Network