Alibaba Group announced that Irene Yun-Lien Lee, chairman of Hysan Development Company Limited, and Albert Kong Ping Ng, former chairman of Ernst & Young China, have been appointed to the company’s board as independent directors, effective Aug. 4. Following these appointments, the company’s board currently consists of twelve directors, including seven independent directors. The number of female directors has increased from two to three. Daniel Zhang, chairman and CEO of the group, said he believes Alibaba will benefit significantly from the knowledge of the new directors, “especially in light of our plans for dual-primary listing in Hong Kong to further broaden and diversify our investor base.”

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