FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260612E00480 
1. Date of relevant event: 09/06/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 09988
4. Name of listed corporation: Alibaba Group Holding Ltd. - W 
5. Class of shares: Ordinary Shares 
6. Number of issued shares in class: 19,193,071,958
7. Name of substantial shareholder: Citigroup Inc. 
8. Registered office: 388 Greenwich Street, New York, 10013, USA
9. Principal place of business in Hong Kong: 50/F, Champion Tower, 3 Garden Road, Central, Hong Kong 
15. Exchange on which listed: NYSE
16. Name of listed parent and exchange on which parent is listed:  
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1314There has been a change in nature of your interest in the shares because:
you have recalled the shares under a securities borrowing and lending agreement
2201Interest of corporation controlled by you
2201Interest of corporation controlled by you
 3,798,444 HKD
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position987,446,5735.14
Short position186,756,9630.97
Lending Pool824,935,2944.29
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position980,053,3575.10
Short position181,726,0200.94
Lending Pool826,556,7894.30
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2106Person having a security interest in shares
Long position2,614
Short position0
2201Interest of corporation controlled by you
Long position153,493,954
Short position181,726,020
2502Approved lending agent
Long position826,556,789
Short position0

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position72,381,724
Short position29,101,784
4103Listed derivatives - Convertible instruments
Long position84,571
Short position10,618
4105Unlisted derivatives - Physically settled
Long position51,899,424
Short position124,166,624
4106Unlisted derivatives - Cash settled
Long position7,948,200
Short position18,628,683
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
Citicorp LLC388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position844,733,065
Short position26,909,043
Citibank, N.A.5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00Y
Long position844,630,998
Short position26,574,055
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00N
Long position134,931,660
Short position150,229,112
Citigroup Financial Products Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Global Markets Holdings Inc.100.00N
Long position134,931,660
Short position150,229,112
Citigroup Global Markets Hong Kong Limited50/F, Champion Tower, Three Garden Road, Central, Hong KongCitigroup Financial Products Inc.100.00Y
Long position36,330,837
Short position65,986,564
Citigroup Global Markets Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Financial Products Inc.100.00Y
Long position32,802,884
Short position14,440,219
Citigroup Global Markets Holdings Bahamas LimitedCaves Corporate Centre Building No. 2, West Bay Street P.O. Box N-1576, Nassau, New Providence, BahamasCitigroup Financial Products Inc.90.00N
Long position65,797,939
Short position69,802,329
Citigroup Global Markets LimitedCitigroup Centre, Canada Square, Canary Wharf, London E14 5LB, EnglandCitigroup Global Markets Holdings Bahamas Limited100.00N
Long position168,768
Short position60,368
Citigroup Global Markets Europe AGBörsenplatz 9, Frankfurt am Main, 60313, GermanyCitigroup Global Markets Limited100.00Y
Long position114,800
Short position6,400
Citigroup Global Markets Funding Luxembourg S.C.A.31, Z.A. Bourmicht, Bertrange, L-8070, LuxembourgCitigroup Global Markets Limited99.99Y
Long position53,968
Short position53,968
Citigroup Global Markets LimitedCitigroup Centre, Canada Square, Canary Wharf, London E14 5LB, EnglandCitigroup Global Markets Holdings Bahamas Limited100.00Y
Long position65,629,171
Short position69,741,961
Citicorp Banking CorporationNew Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USACitigroup Inc.100.00N
Long position7,480
Short position0
Citibank (Switzerland) AGHardstrasse 201, Zurich, 8005, SwitzerlandCiticorp Banking Corporation100.00Y
Long position7,480
Short position0
Citi GSCP Inc.388 Greenwich Street, New York, NY 10013, USACiticorp LLC100.00N
Long position65,875
Short position24,345
TRV Investments LLC388 Greenwich Street, New York, NY 10013, USACiti GSCP Inc.100.00N
Long position65,875
Short position24,345
COHM Overseas Mexico Holding, S. de R.L. de C.V.Prolongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, MexicoTRV Investments LLC100.00N
Long position65,875
Short position24,345
Citicorp (Mexico) Holdings LLCMoras 850, Mexico City, Distrito Federal, 03240, MexicoCOHM Overseas Mexico Holding, S. de R.L. de C.V.100.00N
Long position65,875
Short position24,345
Grupo Financiero Citi Mexico, S.A. de C.V.Prolongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, MexicoCiticorp (Mexico) Holdings LLC99.99N
Long position65,875
Short position24,345
Citi Mexico Casa de Bolsa, Sociedad Anonima de Capital Variable, Grupo Financiero Citi MexicoProlongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, MexicoGrupo Financiero Citi Mexico, S.A. de C.V.99.99Y
Long position65,875
Short position24,345
Citibank, N.A.5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USACiticorp LLC100.00N
Long position36,192
Short position310,643
Citibank Overseas Investment CorporationNew Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USACitibank, N.A.100.00N
Long position25,808
Short position310,643
Citi Investments Bahamas Ltd.Caves Corporate Centre Building No. 2, West Bay Street, Nassau, BAHAMASCitibank Overseas Investment Corporation100.00N
Long position25,808
Short position310,643
Citigroup Holding (Singapore) Private Limited8 Marina View, #21-00 Asia Square Tower 1, 018960, SingaporeCiti Investments Bahamas Ltd.100.00N
Long position25,808
Short position310,643
Citibank BerhadMenara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, MALAYSIACitigroup Holding (Singapore) Private Limited100.00Y
Long position25,808
Short position310,643
Citicorp Trust Delaware, National AssociationOne Penns Way, New Castle, Delaware 19720, USACitibank, N.A.100.00Y
Long position10,384
Short position0
Citigroup Global Markets Holdings Inc.388 Greenwich Street, New York, NY 10013, USACitigroup Inc.100.00Y
Long position381,152
Short position4,587,865

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information:
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 12/06/2026
(dd/mm/yyyy)