Alibaba Group Holdings Limited (the “Company”) announced the completion of a private offering of convertible senior notes totaling US$50 billion, which will mature in 2031 at an annual interest rate of 0.50%. The funds include the additional $5 million raised by the initial buyer exercising additional purchase rights. The Company also entered into bullish limit price trades with option parties to mitigate potential share dilution effects. The initial conversion rate of the Notes was converted to 9.5202 shares of US Depositary Shares per $1,000 principal amount, equivalent to approximately $105.04 per share, representing approximately 30% of the share price premium as of May 23, 2024. Converting the full amount of the notes will increase the company's ordinary shares by approximately 1.97%. THE COMPANY EMPHASIZES THAT THE NOTES AND THEIR...Show More

Alibaba Group Holdings Limited (the “Company”) announced the completion of a private offering of convertible senior notes totaling US$50 billion, which will mature in 2031 at an annual interest rate of 0.50%. The funds include the additional $5 million raised by the initial buyer exercising additional purchase rights. The Company also entered into bullish limit price trades with option parties to mitigate potential share dilution effects. The initial conversion rate of the Notes was converted to 9.5202 shares of US Depositary Shares per $1,000 principal amount, equivalent to approximately $105.04 per share, representing approximately 30% of the share price premium as of May 23, 2024. Converting the full amount of the notes will increase the company's ordinary shares by approximately 1.97%. THE COMPANY EMPHASIZES THAT THE NOTES AND THEIR CONVERTED U.S. DEPOSITARY SHARES ARE NOT REGISTERED IN THE UNITED STATES AND ARE ONLY ISSUED TO QUALIFIED INSTITUTIONAL BUYERS AND CERTAIN NON-U.S. PERSONS. The Company is the second listed company on the HKEX Main Board and some of the Hong Kong Listing Rules do not apply to us. This announcement contains forward-looking statements that involve risks and uncertainties.