Jack Ma, founder of Alibaba Group Holding, has resigned from the board directors of Japanese technology conglomerate SoftBank Group Corp, which comes about nine months after the billionaire entrepreneur stepped down as executive chairman at the Chinese e-commerce giant. The resignation of Ma, 55, is expected to become official at SoftBank’s 40th annual general meeting on June 25, when 10 of the company’s current 11 board members are to be re-elected, according to a statement from SoftBank on Monday, ahead of its latest financial results announcement. That would conclude Ma’s 13-year stint as board member at SoftBank, one of Alibaba’s largest shareholders. Alibaba, the parent company of the South China Morning Post , remains SoftBank founder and chief executive Masayoshi Son’s most successful tech bet to date. SoftBank and Ma’s office did not immediately respond to separate requests for comment on Monday. Ma’s departure from the SoftBank board marks the latest indication of his resolve to focus on philanthropic pursuits. He retired from Alibaba on September 10 last year, when the e-commerce company behind Chinese online retail platforms Taobao Marketplace and Tmall marked its 20th anniversary. “I still feel I’m young, there are many places I want to go visit, to challenge,” Ma said at the time. “After tonight, I will start a new chapter of my life.” While he has been involved in various charity projects spanning education and women’s leadership to environmental protection, Ma has recently doubled down on efforts around the world to help contain the spread of the coronavirus pandemic. Since February, the Alibaba Foundation and Jack Ma Foundation have sourced and delivered various types of medical supplies, including face masks and Covid-19 test kits, to more that 150 countries and regions. Philanthropists step up citizens’ diplomacy even as US, China play coronavirus blame game SoftBank said on Monday that it will expand the number of its board members to 13. Its three new directors, subject to shareholder approval, include SoftBank chief financial officer Yoshimitsu Goto, Waseda Business School professor Yuko Kawamoto and Tan Lip-bu, chief executive of US software firm Cadence Design Systems. The Tokyo-based company reported on Monday a net loss of 961.6 billion yen (US$8.9 billion) for its financial year ended March 31.