Alibaba Group Holding Limited announced an adjustment to the conversion rate of its convertible senior notes due to the declaration of its 2024 Dividend. The initial conversion rate was adjusted from 9.5202 to 9.7271 ADSs per US$1,000 principal amount, and the maximum conversion rate from 12.3762 to 12.6452 ADSs per US$1,000 principal amount, effective June 13, 2024. This adjustment increases the potential maximum number of ordinary shares issued upon full conversion of the notes from 495,048,000 to 505,808,000. The company has applied to the Hong Kong Stock Exchange for the listing of these additional shares. The terms of the notes remain otherwise unchanged. The announcement was made on August 15, 2024, by Kevin Jinwei ZHANG, Company Secretary of Alibaba Group Holding Limited.

Alibaba Group Holding Limited announced an adjustment to the conversion rate of its convertible senior notes due to the declaration of its 2024 Dividend. The initial conversion rate was adjusted from 9.5202 to 9.7271 ADSs per US$1,000 principal amount, and the maximum conversion rate from 12.3762 to 12.6452 ADSs per US$1,000 principal amount, effective June 13, 2024. This adjustment increases the potential maximum number of ordinary shares issued upon full conversion of the notes from 495,048,000 to 505,808,000. The company has applied to the Hong Kong Stock Exchange for the listing of these additional shares. The terms of the notes remain otherwise unchanged. The announcement was made on August 15, 2024, by Kevin Jinwei ZHANG, Company Secretary of Alibaba Group Holding Limited.