Alibaba Group Holding Limited ("the Company") and its current and former executives and directors have reached a settlement agreement in a shareholder class action lawsuit, agreeing to pay $0.4335 billion to settle the case. The lawsuit is named In re: Alibaba Group Holding Ltd. Securities Litigation, case number No. 1:20-cv-09568-GBD-JW (S.D.N.Y.), involving issues disclosed in previous public filings. The settlement agreement is subject to various conditions, including court approval, and does not admit any merit to the claims alleged in the lawsuit. The Company denies all accusations, aiming to avoid the costs and disruptions of further litigation. The settlement announcement was issued on October 27, 2024, by the Company Secretary, Zhang Jinwei, on behalf of the board of directors.

Alibaba Group Holding Limited ("the Company") and its current and former executives and directors have reached a settlement agreement in a shareholder class action lawsuit, agreeing to pay $0.4335 billion to settle the case. The lawsuit is named In re: Alibaba Group Holding Ltd. Securities Litigation, case number No. 1:20-cv-09568-GBD-JW (S.D.N.Y.), involving issues disclosed in previous public filings. The settlement agreement is subject to various conditions, including court approval, and does not admit any merit to the claims alleged in the lawsuit. The Company denies all accusations, aiming to avoid the costs and disruptions of further litigation. The settlement announcement was issued on October 27, 2024, by the Company Secretary, Zhang Jinwei, on behalf of the board of directors.