Alibaba: We will continue to pay attention to the market dynamics and strive to maintain the listing status of the two places of the NYSE and the Hong Kong Stock Exchange at the same time.

Alibaba announced on August 1st on the Hong Kong Stock Exchange that the company announced that after Alibaba submitted its 20-F annual report on July 26, 2022, Alibaba was on July 29, 2022 by the US Securities and Exchange Commission on July 29, 2022. (Referred to as the "Stock Fair") According to the "Public Company's Accountability Act", it is identified as "the issuer identified by the committee".

The identification of the Executive Fair means that the Executive Fair believes that the accounting supervision committee of the US listed company ("PCAOB") cannot fully inspect or investigate the audit draft of the registered accounting firm used by Alibaba as of March 31, 2022.

According to the above determination, this year became Alibaba's first "unbound" year. According to the "Accountability Act of Foreign Companies", if the PCAOB "unpaid" consecutive "unqualified" year cannot conduct a complete inspection or investigation of the registered accounting firms responsible for auditing the financial statements of the U.S. listed company, the company's securities will be banned from being prohibited in the United States in the United States Any National Stock Exchange (including the New York Stock Exchange ("New York Stock Exchange)) or trading on the" Overseas Trading "market in the United States.

Alibaba's U.S. depository shares traded on the New York Stock Exchange. Alibaba has recently announced that it intends to become a dual listing issuer by seeking the main listing from the Hong Kong Stock Exchange. Alibaba will continue to pay attention to market developments, comply with applicable laws and regulations, and strive to maintain the listing status of the two places between the NYSE and the Hong Kong Stock Exchange at the same time.

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