Alibaba Group (HKG:9988) granted awards involving nearly 2.5 million underlying shares to certain employees under a 2024 equity incentive plan, a Friday Hong Kong bourse filing said.

The shares represent roughly 0.01% of the e-commerce giant's total shares in issue, excluding treasury shares.

Following the grant, the firm has a little over 411 million shares available for future grants within the 2024 scheme mandate limit and 92.7 million shares within the service provider sub-limit.

The award grant aims to attract, retain, and incentivize grantees for their performance and contributions to the firm.