Alibaba Group Holding Limited

S . 70 per Placement Share (the “Equity Placement”). The Equity Placement is expected to close on August 26, 2026, subject to customary closing conditions. The Equity Placement is being undertaken to extend the Company’s global AI leadership. Alibaba intends to use 100% of the net proceeds from the Equity Placement to invest in its full stack AI capabilities, including to expand and enhance its AI infrastructure. S . S. Securities Act”), or any state securities laws. S . S . Securities Act. S . Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

This press release contains information about the pending Equity Placement, and there can be no assurance that the Equity Placement will be completed. About Alibaba Group Alibaba Group is a global technology company focused on AI + Cloud and commerce. We empower consumers and enterprises with our full-stack AI capabilities and services, from applications to compute infrastructure. Our AI technology based on the Qwen family of large language and multimodal models powers the intelligence behind our services across enterprise solutions and consumer platforms.

Our commerce business puts consumers first and provides the technology and marketing reach to help merchants, brands, retailers and small businesses to engage with customers and operate efficiently. Safe Harbor Statement This press release contains forward-looking statements. S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “propose,” “anticipate,” “future,” “aim,” “estimate,” “intend,” “seek,” “plan,” “believe,” “potential,” “continue,” “ongoing,” “target,” “guidance,” “is/are likely to” and similar statements.

In addition, statements that are not historical facts, including statements about the intended use of proceeds, the terms of the Equity Placement, and whether the Company will complete the Equity Placement, are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: financial community and rating agency perceptions of the company and its business, financial condition and the industries in which it operates, market conditions, and the satisfaction of customary closing conditions related to the proposed offering.

S. Securities and Exchange Commission and announcements on the website of The Stock Exchange of Hong Kong Limited.