Alibaba appoints two independent directors as it seeks Hong Kong primary listing

  • Alibaba has named two new independent directors, Albert Ng Kong-ping and Irene Lee Yun-lien, bringing the number of women on the board to three
  • The move comes as the e-commerce giant seeks to elevate its status on the Hong Kong bourse, broadening its access to mainland investors

The logo of Alibaba Group seen on the trading floor at the New York Stock Exchange on August 3, 2021. Photo: Reuters
Alibaba Group Holding has increased the representation of women and independent directors on its board, after adding two directors ahead of its application to make Hong Kong the primary listing venue of its stock.

Irene Lee Yun-lien, chairwoman of Hysan Development Company Limited, and Albert Ng Kong-ping, former chairman of Ernst & Young China, were appointed to Alibaba’s board, effective on Thursday, according to a company statement.

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