Alibaba Group Holdings Limited (the “Company”) announces that it has filed Form 6-K with the U.S. Securities and Exchange Commission announcing a total private issuance of $4,500 million, with an interest rate of 0.50%, convertible preferred notes due 2031. The note issue is expected to be delivered on May 29, 2024 and grants initial purchasers the option to purchase additional notes up to $500 million in aggregate principal amount. The Company plans to use the net raised funds for share repurchase plans and to set limit bullish trades. The Notes will be subject to the Company's general priority unsecured liability and may be converted into United States Depositary Shares at the option of the holder. The Board of Directors reminds shareholders and potential investors to be aware of the potential risks of investing in companies with different voting structures. Forward-looking statements in this announcement involve inherent risks and uncertainties and are based on assumptions currently considered reasonable.

Alibaba Group Holdings Limited (the “Company”) announces that it has filed Form 6-K with the U.S. Securities and Exchange Commission announcing a total private issuance of $4,500 million, with an interest rate of 0.50%, convertible preferred notes due 2031. The note issue is expected to be delivered on May 29, 2024 and grants initial purchasers the option to purchase additional notes up to $500 million in aggregate principal amount. The Company plans to use the net raised funds for share repurchase plans and to set limit bullish trades. The Notes will be subject to the Company's general priority unsecured liability and may be converted into United States Depositary Shares at the option of the holder. The Board of Directors reminds shareholders and potential investors to be aware of the potential risks of investing in companies with different voting structures. Forward-looking statements in this announcement involve inherent risks and uncertainties and are based on assumptions currently considered reasonable.