Summary of Announcement

Alibaba Group Holding Limited has released an important announcement regarding the Record Date for its forthcoming Annual General Meeting (AGM). This update contains crucial information for shareholders and potential investors, especially those holding ordinary shares and American Depositary Shares (ADSs). The details provided in this notice may impact investors’ ability to vote at the AGM and could affect investment decisions, making it a potentially price-sensitive development.

Key Points for Investors

• Record Date Set: The Record Date for determining the eligibility of holders of ordinary shares to attend and vote at the 2026 AGM is Wednesday, August 5, 2026 (Hong Kong time).
• Cut-off for Share Transfers: Share transfer documents and share certificates must be lodged with Alibaba’s Hong Kong branch share registrar, Computershare Hong Kong Investor Services Limited, by 4:30 p.m. on August 5, 2026.
• AGM to Be Held Virtually: The AGM will take place electronically, allowing shareholders to attend and vote online, or submit proxy forms/voting instructions in advance.
• ADS Holders’ Participation: ADS holders (each representing eight ordinary shares) are also eligible to participate, with a separate Record Date of August 5, 2026, New York time. However, ADS holders must instruct Citibank, N.A. (the ADS depositary) in advance regarding voting, as they cannot vote directly at the meeting.
• Important Timing Consideration for ADS Holders: If ADS holders cancel their ADSs in exchange for ordinary shares on the Record Date (New York time), they will NOT be eligible to vote those shares at the AGM due to timing differences.
• WVR Structure Risk Disclosure: Alibaba is classified as a company with a Weighted Voting Rights (WVR) structure. Shareholders are reminded of the specific risks associated with investing in WVR companies, as the Alibaba Partnership holds director nomination rights.
• Further Details to Come: Meeting details, voting procedures, and access information will be provided in the official notice and proxy materials to shareholders and ADS holders as of the Record Date.

Why This Matters & Potential Impact on Share Price

This announcement is significant for several reasons:

• Shareholder Rights: Investors must ensure their shares are properly registered before the cut-off or risk losing their vote at the AGM, where key issues, potential board changes, and other corporate matters may be decided.
• Corporate Governance Focus: The reiteration of Alibaba’s WVR structure and the Alibaba Partnership’s director nomination rights could attract attention from governance-focused investors, as WVR structures can influence control and future strategic decisions.
• Liquidity and Timeliness for ADS Holders: ADS investors must carefully track the timing to avoid missing their opportunity to influence decisions, which could affect market sentiment, especially among international investors.

Any changes or surprises at the AGM—such as new board appointments, changes to the WVR structure, or major resolutions—could meaningfully impact the company’s direction and share price. Investors should monitor further announcements closely.

Current Board Composition

As of this announcement, the Alibaba board consists of:

• Mr. Joseph C. Tsai (Chairman)
• Mr. Eddie Yongming Wu
• Mr. J. Michael Evans
• Ms. Maggie Wei Wu
• Mr. Jerry Yang (Independent)
• Ms. Wan Ling Martello (Independent)
• Mr. Weijian Shan (Independent)
• Ms. Irene Yun-Lien Lee (Independent)
• Mr. Albert Kong Ping Ng (Independent)
• Mr. Kabir Misra (Independent)

Next Steps for Shareholders

• Ensure all share transfers are completed and registered by the deadline.
• Look out for the forthcoming official notice of the AGM and proxy materials for voting instructions.
• ADS holders should submit voting instructions to Citibank, N.A. in a timely manner.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with professional advisors before making any financial decisions. Alibaba’s AGM may involve resolutions or proposals that could impact shareholder value; investors should monitor official announcements and materials closely.