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Alibaba's Jack Ma resigns from SoftBank board

TOKYO, May 18 (Reuters) - SoftBank Group Corp said on Monday that Alibaba co-founder Jack Ma will resign from its board, in the latest departure by a high-profile ally of CEO Masayoshi Son.

SoftBank said it will propose three new appointments to the board, including group CFO Yoshimoto Goto, at its annual general meeting on June 25.

(Reporting by Sam Nussey; Editing by Kim Coghill)