FORM 2 - Corporate Substantial Shareholder Notice
Form Serial Number
:
CS20260715E00777
1.
Date of relevant event
:
10/07/2026
(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
:
19,176,520,254
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
Short position
1403
You came to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares increased because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201
Interest of corporation controlled by you
1,988,452
18.
Total shares immediately before the relevant event
:
Total number of shares
Percentage figure (%)
Long position
972,070,680
5.06
Short position
190,255,949
0.99
Lending Pool
794,731,402
4.14
19.
Total shares immediately after the relevant event
:
Total number of shares
Percentage figure (%)
Long position
969,215,547
5.05
Short position
192,244,401
1.00
Lending Pool
794,802,003
4.14
20.
Capacity in which interests disclosed in Box 19 are held
:
Capacity code
Number of shares
2201
Interest of corporation controlled by you
Long position
174,413,544
Short position
192,244,401
2502
Approved lending agent
Long position
794,802,003
Short position
0
21.
Further information in respect of derivative interests
:
Derivatives code
Number of shares
4101
Listed derivatives - Physically settled
Long position
64,495,040
Short position
31,525,200
4103
Listed derivatives - Convertible instruments
Long position
178,236
Short position
0
4105
Unlisted derivatives - Physically settled
Long position
51,331,551
Short position
123,763,859
4106
Unlisted derivatives - Cash settled
Long position
21,642,851
Short position
21,443,613
22.
Further information in relation to interests of corporations controlled by substantial shareholder
:
Name of controlled corporation
Address and place of incorporation
Name of controlling person
% control
Direct interest (Y/N)
Number of shares
Citicorp LLC
388 Greenwich Street, New York, NY 10013, USA
Citigroup Inc.
100.00
N
Long position
809,264,029
Short position
26,743,553
Citibank, N.A.
5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USA
Citicorp LLC
100.00
Y
Long position
809,165,133
Short position
26,412,283
Citigroup Global Markets Holdings Inc.
388 Greenwich Street, New York, NY 10013, USA
Citigroup Inc.
100.00
N
Long position
159,533,415
Short position
159,600,259
Citigroup Financial Products Inc.
388 Greenwich Street, New York, NY 10013, USA
Citigroup Global Markets Holdings Inc.
100.00
N
Long position
159,533,415
Short position
159,600,259
Citigroup Global Markets Hong Kong Limited
50/F, Champion Tower, Three Garden Road, Central, Hong Kong
Citigroup Financial Products Inc.
100.00
Y
Long position
41,466,928
Short position
67,088,217
Citigroup Global Markets Inc.
388 Greenwich Street, New York, NY 10013, USA
Citigroup Financial Products Inc.
100.00
Y
Long position
33,577,741
Short position
14,940,240
Citigroup Global Markets Holdings Bahamas Limited
Caves Corporate Centre Building No. 2, West Bay Street P.O. Box N-1576, Nassau, New Providence, Bahamas
Citigroup Financial Products Inc.
90.00
N
Long position
84,488,746
Short position
77,571,802
Citigroup Global Markets Limited
Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, England
Citigroup Global Markets Holdings Bahamas Limited
100.00
N
Long position
146,345
Short position
37,945
Citigroup Global Markets Europe AG
Börsenplatz 9, Frankfurt am Main, 60313, Germany
Citigroup Global Markets Limited
100.00
Y
Long position
114,800
Short position
6,400
Citigroup Global Markets Funding Luxembourg S.C.A.
31, Z.A. Bourmicht, Bertrange, L-8070, Luxembourg
Citigroup Global Markets Limited
99.99
Y
Long position
31,545
Short position
31,545
Citigroup Global Markets Limited
Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, England
Citigroup Global Markets Holdings Bahamas Limited
100.00
Y
Long position
84,342,401
Short position
77,533,857
Citicorp Banking Corporation
New Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USA
Citigroup Inc.
100.00
N
Long position
7,480
Short position
0
Citibank (Switzerland) AG
Hardstrasse 201, Zurich, 8005, Switzerland
Citicorp Banking Corporation
100.00
Y
Long position
7,480
Short position
0
Citi GSCP Inc.
388 Greenwich Street, New York, NY 10013, USA
Citicorp LLC
100.00
N
Long position
65,455
Short position
21,142
TRV Investments LLC
388 Greenwich Street, New York, NY 10013, USA
Citi GSCP Inc.
100.00
N
Long position
65,455
Short position
21,142
COHM Overseas Mexico Holding, S. de R.L. de C.V.
Prolongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, Mexico
TRV Investments LLC
100.00
N
Long position
65,455
Short position
21,142
Citicorp (Mexico) Holdings LLC
Moras 850, Mexico City, Distrito Federal, 03240, Mexico
COHM Overseas Mexico Holding, S. de R.L. de C.V.
100.00
N
Long position
65,455
Short position
21,142
Grupo Financiero Citi Mexico, S.A. de C.V.
Prolongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, Mexico
Citicorp (Mexico) Holdings LLC
99.99
N
Long position
65,455
Short position
21,142
Citi Mexico Casa de Bolsa, Sociedad Anonima de Capital Variable, Grupo Financiero Citi Mexico
Prolongación Reforma 1196, Santa Fe Cuajimalpa, 05348 Ciudad de México, Mexico
Grupo Financiero Citi Mexico, S.A. de C.V.
99.99
Y
Long position
65,455
Short position
21,142
Citibank, N.A.
5800 S Corporate Place, Sioux Falls, SD 57108, Lincoln, USA
Citicorp LLC
100.00
N
Long position
33,441
Short position
310,128
Citibank Overseas Investment Corporation
New Castle Corporate Commons, Operations One Bldg., One Penn's Way, New Castle, DE 19720, USA
Citibank, N.A.
100.00
N
Long position
25,761
Short position
310,128
Citi Investments Bahamas Ltd.
Caves Corporate Centre Building No. 2, West Bay Street, Nassau, BAHAMAS
Citibank Overseas Investment Corporation
100.00
N
Long position
25,761
Short position
310,128
Citigroup Holding (Singapore) Private Limited
8 Marina View, #21-00 Asia Square Tower 1, 018960, Singapore
Citi Investments Bahamas Ltd.
100.00
N
Long position
25,761
Short position
310,128
Citibank Berhad
Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, MALAYSIA
Citigroup Holding (Singapore) Private Limited
100.00
Y
Long position
25,761
Short position
310,128
Citicorp Trust Delaware, National Association
One Penns Way, New Castle, Delaware 19720, USA
Citibank, N.A.
100.00
Y
Long position
7,680
Short position
0
Citigroup Global Markets Holdings Inc.
388 Greenwich Street, New York, NY 10013, USA
Citigroup Inc.
100.00
Y
Long position
410,623
Short position
5,900,589
23.
Further information in relation to interests held by substantial shareholder jointly with another person
:
Name of joint shareholder
Address
Number of shares
24.
Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust
:
Names of trust
Address
Status code
Number of shares
25.
Further information from a party to an agreement under Section 317 (Please see Notes for further information required)
:
Names of other parties
Address
Number 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
:
Names
Address
Relationship Code
Percentage (%)
27.
Supplementary information
:
The increase in the short position was due to an increase in our obligation to return the borrowed shares to our Prime Brokerage clients.
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
:
15/07/2026
(dd/mm/yyyy)