Alibaba Group Holding Ltd. has announced the grant of awards under its newly adopted 2024 Equity Incentive Plan. This plan, put into effect on August 22, 2024, involves the issuance of restricted share units to selected grantees. The company, incorporated in the Cayman Islands, is listed on both the New York Stock Exchange and the Hong Kong Stock Exchange. The announcement clarifies that these awards aim to align the interests of the grantees with those of the company and its shareholders. Details regarding the specific terms or recipients of these awards were not disclosed in the announcement.
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