Alibaba Group announced that it has submitted to the Hong Kong Stock Exchange a proposal to split Pingtou, a wholly-owned subsidiary of the Company, into an independent listing in accordance with Section 15 of the Listing Rules. The Company is pleased to announce that the Hong Kong Stock Exchange has confirmed that the Company can carry out a proposed spin-off. Therefore, on September 11, 2026, Pingtou submitted a listing application form to the Hong Kong Stock Exchange in a confidential form to apply for approval to list and trade Pingtou's H shares on the main board of the Hong Kong Stock Exchange.

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