Alibaba Group Holding Limited announced that Mr. Kabir Misra has been re-designated as an independent director to the Company's board of directors and appointed as a member of the Company's compensation committee, effective February 22, 2023. Mr. Misra was elected a director of the Company in September 2020 as the nominee of SoftBank Group Corp. Following the re-designation, the Board currently consists of 10 directors, including six independent directors.

Mr. Misra has also been appointed as a member of the Compensation Committee. Following the appointment, the Compensation Committee comprises Jerry Yang (chairman), Albert Kong Ping Ng and Kabir Misra.