Alibaba Group Holding Limited (stock code: 9988) announced on August 15, 2024 that in response to the announcement of dividends in 2024, the conversion rate of its convertible preferred notes will be adjusted. The adjustment will take effect on June 13, 2024. The initial conversion rate will be changed from 9.5202 American depositary shares (ADS) per $1,000 principal amount of notes to 9.7271 ADS, and the maximum conversion rate will be changed from 12.3762 ADS per $1,000 principal amount of notes to 12.6452 ADS. In addition, the total number of ordinary shares that the company can issue will be increased from 495,048,000 shares to 505,808,000 shares, and an application for listing and trading approval has been submitted to the Hong Kong Stock Exchange. Shareholders and potential investors should note the potential risks of investing in companies with different voting structures. Alibaba Group Holding's American depositary shares are listed on the New York Stock Exchange, with stock code BABA.

Alibaba Group Holding Limited (stock code: 9988) announced on August 15, 2024 that in response to the announcement of dividends in 2024, the conversion rate of its convertible preferred notes will be adjusted. The adjustment will take effect on June 13, 2024. The initial conversion rate will be changed from 9.5202 American depositary shares (ADS) per $1,000 principal amount of notes to 9.7271 ADS, and the maximum conversion rate will be changed from 12.3762 ADS per $1,000 principal amount of notes to 12.6452 ADS. In addition, the total number of ordinary shares that the company can issue will be increased from 495,048,000 shares to 505,808,000 shares, and an application for listing and trading approval has been submitted to the Hong Kong Stock Exchange. Shareholders and potential investors should note the potential risks of investing in companies with different voting structures. Alibaba Group Holding's American depositary shares are listed on the New York Stock Exchange, with stock code BABA.