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Alibaba announced at the Hong Kong stock exchange that it would continue to pay attention to market developments, comply with applicable laws and regulations, and strive to maintain its dual listing status on the New York Stock Exchange and the Hong Kong Stock Exchange at the same time.

The following is the original Alibaba announcement in Hong Kong:

Alibaba group provided the latest information under the foreign company Accountability Act of the United States

Alibaba Group Holdings Co., Ltd. ("the company" or "Alibaba") announced that following Alibaba's submission of its annual report on form 20-F on July 26, 2022, Alibaba was recognized by the U.S. Securities and Exchange Commission ("sec") as "the issuer recognized by the Commission" under the foreign company accountability act on July 29, 2022.

Our determination means that we believe that the U.S. listed company accounting oversight board ("PCAOB") cannot completely inspect or investigate the audit papers of Certified Public Accountants used by Alibaba for the fiscal year ended March 31, 2022.

Alibaba's American depositary shares are traded on the New York Stock Exchange. Alibaba recently announced that it plans to become a dual major listed issuer by seeking a major listing on the Hong Kong stock exchange.

Alibaba will continue to pay attention to market developments, comply with applicable laws and regulations, and strive to maintain its dual listing status on the New York Stock Exchange and the Hong Kong Stock Exchange at the same time.

Accept the order of the board of directors

Alibaba Group Holdings Co., Ltd

Zhang Jinwei

Company secretary

Hong Kong

August 1, 2022

Event Background:

On July 29, Eastern time, Alibaba (baba.us/09988.hk) was listed in the "pre delisting" list by the U.S. Securities and Exchange Commission (SEC), facing the risk of delisting. As of the close of the day, Alibaba's share price fell 11.12% to $89.37 per share, with a total market capitalization of 236.7 billion yuan. Companies included in the "pre delisting" list on the same day include mogu.us, bq.us and cmcm.us.