Alibaba Group Holding Limited repurchased a total of 0.414 billion ordinary shares in the US and Hong Kong markets through its share buyback program during the quarter ended September 30, 2024, equivalent to 52 million American depositary shares, with a total value of 4.1 billion US dollars. As a result, as of September 30, 2024, the company's outstanding ordinary shares decreased to 18.62 billion shares, a decrease of 0.405 billion shares from June 30, 2024, with a net decrease rate of 2.1%. The shares issued under the stock-based incentive plan have been included in this reduced amount. As of September 30, 2024, Alibaba Group Holding Limited still has a repurchase quota of 22 billion US dollars under the authorized share repurchase program by the board of directors, which is valid until March 2027. Shareholders and potential investors should be aware of the potential risks of investing in companies with different voting power structures. This announcement was issued by the company secretary Zhang Jinwei on October 2, 2024.

Alibaba Group Holding Limited repurchased a total of 0.414 billion ordinary shares in the US and Hong Kong markets through its share buyback program during the quarter ended September 30, 2024, equivalent to 52 million American depositary shares, with a total value of 4.1 billion US dollars. As a result, as of September 30, 2024, the company's outstanding ordinary shares decreased to 18.62 billion shares, a decrease of 0.405 billion shares from June 30, 2024, with a net decrease rate of 2.1%. The shares issued under the stock-based incentive plan have been included in this reduced amount. As of September 30, 2024, Alibaba Group Holding Limited still has a repurchase quota of 22 billion US dollars under the authorized share repurchase program by the board of directors, which is valid until March 2027. Shareholders and potential investors should be aware of the potential risks of investing in companies with different voting power structures. This announcement was issued by the company secretary Zhang Jinwei on October 2, 2024.