FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260831E00263 
1. Date of relevant event: 26/08/2026
(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: 09626
4. Name of listed corporation: Bilibili Inc. - W 
5. Class of shares: Others 
6. Number of issued shares in class: 345,334,100
7. Name of substantial shareholder: The Goldman Sachs Group, Inc. 
8. Registered office: Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, USA
9. Principal place of business in Hong Kong: Nil 
15. Exchange on which listed: New York Stock Exchange
16. Name of listed parent and exchange on which parent is listed: Nil 
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
1113The percentage level of your interest in the shares has increased because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201Interest of corporation controlled by you
 3,733,147
Short position 
1402You 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:
you borrowed the shares under a securities borrowing and lending agreement
 
 
2201Interest of corporation controlled by you
 		 3,733,147           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position27,537,5227.97
Short position6,151,0781.78
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position31,270,6699.06
Short position9,884,2252.86
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position31,270,669
Short position9,884,225

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position2,309,039
Short position217,700
4105Unlisted derivatives - Physically settled
Long position0
Short position388,583
4106Unlisted derivatives - Cash settled
Long position2,920,693
Short position1,530,814
4107Unlisted derivatives - Convertible instruments
Long position710,181
Short position0
4108Unlisted derivatives - Other (you must describe the category of derivatives in the Supplementary Information box)
Long position0
Short position48,115
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
Goldman Sachs & Co. LLC200 West Street, New York, NY 10282, USAThe Goldman Sachs Group, Inc.100.00Y
Long position1,685,813
Short position414,788
Goldman Sachs (UK) L.L.C.Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, USAThe Goldman Sachs Group, Inc.100.00N
Long position11,307,179
Short position9,469,437
Goldman Sachs Group UK LimitedPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGoldman Sachs (UK) L.L.C.100.00N
Long position11,307,179
Short position9,469,437
Goldman Sachs InternationalPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGoldman Sachs Group UK Limited100.00Y
Long position11,307,179
Short position9,469,437
GSAM Holdings LLC251 Little Falls Dr., Wilmington, DE 19808, USAThe Goldman Sachs Group, Inc.100.00N
Long position64,875
Short position0
Goldman Sachs Asset Management, L.P.Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801, USAGSAM Holdings LLC99.00Y
Long position64,875
Short position0
GSAM Holdings LLC251 Little Falls Dr., Wilmington, DE 19808, USAThe Goldman Sachs Group, Inc.100.00N
Long position57,144
Short position0
GSAMI Holdings I LLC251 Little Falls Drive, Wilmington, DE 19808, USAGSAM Holdings LLC100.00N
Long position57,144
Short position0
GSAM Holdings II LLC251 Little Falls Drive, Wilmington, DE 19808, USAGSAM Holdings LLC100.00N
Long position57,144
Short position0
GSAMI Holdings II LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAMI Holdings I LLC52.75N
Long position57,144
Short position0
GSAMI Holdings II LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAMI Holdings III LTD47.25N
Long position57,144
Short position0
GSAMI Holdings III LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAMI Holdings I LLC100.00N
Long position57,144
Short position0
GSAMI Holdings III LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAM Holdings II LLC100.00N
Long position57,144
Short position0
Goldman Sachs Asset Management International Holdings LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAMI Holdings II LTD100.00N
Long position57,144
Short position0
Goldman Sachs Asset Management International Holdings LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAMI Holdings III LTD100.00N
Long position57,144
Short position0
Goldman Sachs Asset Management InternationalPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGoldman Sachs Asset Management International Holdings LTD100.00Y
Long position57,144
Short position0
Folio Financial, Inc.8180 Greensboro Drive, 8th Floor, McLean, VA 22102, USAThe Goldman Sachs Group, Inc.100.00N
Long position17
Short position0
Folio Investments, Inc.8180 Greensboro Drive, 8th Floor, McLean, VA 22102, USAFolio Financial, Inc.100.00Y
Long position17
Short position0
GSAM Holdings LLC251 Little Falls Dr., Wilmington, DE 19808, USAThe Goldman Sachs Group, Inc.100.00N
Long position155,640
Short position0
Goldman Sachs Asset Management UK Holdings I LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGSAM Holdings LLC75.00N
Long position155,640
Short position0
Goldman Sachs Asset Management UK Holdings II LTDPlumtree Court, 25 Shoe Lane, London, EC4A 4AU, GBRGoldman Sachs Asset Management UK Holdings I LTD100.00N
Long position155,640
Short position0
Goldman Sachs Asset Management Holdings I B.V.Strawinskylaan 1677, Floor 22, Tower 10, Amsterdam, 1077XX, NLDGoldman Sachs Asset Management UK Holdings II LTD100.00N
Long position155,640
Short position0
Goldman Sachs Asset Management Holdings II B.V.Strawinskylaan 1677, Floor 22, Tower 10, Amsterdam, 1077XX, NLDGoldman Sachs Asset Management UK Holdings II LTD100.00N
Long position155,640
Short position0
Goldman Sachs Asset Management Holdings B.V.Prinses Beatrixlaan 35, The Hague, 2595 AK, NLDGoldman Sachs Asset Management Holdings I B.V.50.00N
Long position155,640
Short position0
Goldman Sachs Asset Management Holdings B.V.Prinses Beatrixlaan 35, The Hague, 2595 AK, NLDGoldman Sachs Asset Management Holdings II B.V.50.00N
Long position155,640
Short position0
Goldman Sachs Asset Management International Holdings B.V.Prinses Beatrixlaan 35, The Hague, 2595 AK, NLDGoldman Sachs Asset Management Holdings B.V.100.00N
Long position155,640
Short position0
Goldman Sachs Asset Management B.V.Princes Beatrixlaan 35, The Hague, 2595 AK, NLDGoldman Sachs Asset Management International Holdings B.V.100.00Y
Long position155,640
Short position0
Goldman Sachs Bank USA200 West Street, New York, NY 10282, USAThe Goldman Sachs Group, Inc.100.00Y
Long position18,000,001
Short position0

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: Class of shares concerned is Class Z ordinary shares. The percentage level of our interest in the shares has increased due to an increase in the relevant borrow positions. In relation to Box 21, derivative interests held under code 4108 is an Equity-Linked Note.
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: 31/08/2026
(dd/mm/yyyy)