Zhitong Finance App News, Alibaba-W (09988.HK) issued an announcement. On August 23, 2026, the company signed a placement agreement with the joint overall coordinator (for itself and on behalf of the co-bookkeeping manager). According to this, the company agreed to appoint a joint overall coordinator and a joint bookkeeping manager to handle the placement matters, and the joint overall coordinator has agreed to act as the company's agent to induce no less than six undertakers (professional, institutional or other investors from outside the US) to allocate HK$112.70 per share Subscription for 710 million new shares Shares. The placement is expected to be completed on August 26, 2026, subject to customary completion conditions.

Zhitong Finance App News, Alibaba-W (09988.HK) issued an announcement. On August 23, 2026, the company signed a placement agreement with the joint overall coordinator (for itself and on behalf of the co-bookkeeping manager). According to this, the company agreed to appoint a joint overall coordinator and a joint bookkeeping manager to handle the placement matters, and the joint overall coordinator has agreed to act as the company's agent to induce no less than six undertakers (professional, institutional or other investors from outside the US) to allocate HK$112.70 per share Subscription for 710 million new shares Shares. The placement is expected to be completed on August 26, 2026, subject to customary completion conditions.