FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20261005E00174 
1. Date of relevant event: 29/09/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later): 30/09/2026
(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: 339,025,731
7. Name of substantial shareholder: Morgan Stanley 
8. Registered office: 1585 Broadway, New York 10036, New York, USA
9. Principal place of business in Hong Kong: No place of business in Hong Kong 
15. Exchange on which listed: New York Stock Exchange
16. Name of listed parent and exchange on which parent is listed: Not applicable 
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
1201The percentage level of your interest in the shares has reduced because:
you completed a sale of the shares
2201Interest of corporation controlled by you
4,376,397 USD 15.0075
3101Cash
Short position 
1502You ceased to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares decreased because:
you returned the shares borrowed under a securities borrowing and lending agreement
 
2201Interest of corporation controlled by you
 
 		 1,600,438           
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position24,654,7227.27
Short position17,732,2815.23
Lending Pool00.00
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position20,278,3255.98
Short position16,131,8434.75
Lending Pool00.00
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position20,278,325
Short position16,131,843

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4101Listed derivatives - Physically settled
Long position12,137,666
Short position10,842,367
4102Listed derivatives - Cash settled
Long position0
Short position51,729
4103Listed derivatives - Convertible instruments
Long position3,132,443
Short position87,548
4105Unlisted derivatives - Physically settled
Long position72,450
Short position1,118,720
4106Unlisted derivatives - Cash settled
Long position1,117,936
Short position282,465
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
Morgan Stanley Capital Management, LLC1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley100.00N
Long position17,177,727
Short position11,579,393
Morgan Stanley & Co. LLC1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00Y
Long position14,657,778
Short position11,496,314
Morgan Stanley International Holdings Inc.1585 Broadway, New York, New York, 10036, New York. Place of incorporation: USAMorgan Stanley100.00N
Long position3,100,598
Short position4,552,450
Morgan Stanley International Limited25 Cabot Square, Canary Wharf, London, E14 4QA, Place of incorporation: UNITED KINGDOMMorgan Stanley International Holdings Inc.100.00N
Long position3,093,401
Short position4,523,435
Morgan Stanley Investments (UK)20 Bank Street, Canary Wharf, London, E14 4AD, Place of incorporation: UNITED KINGDOMMorgan Stanley International Limited100.00N
Long position3,093,401
Short position4,523,435
Morgan Stanley & Co. International plcLegal & Compliance Department, 25 Cabot Square, Canary Wharf, London, E14 4QA, Place of incorporation: UNITED KINGDOMMorgan Stanley Investments (UK)100.00Y
Long position3,089,201
Short position4,523,435
Prime Dealer Services Corp.1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley & Co. LLC100.00Y
Long position907,573
Short position0
Morgan Stanley Domestic Holdings, LLC1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00N
Long position799,939
Short position34,313
Morgan Stanley Capital Services LLC1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley Domestic Holdings, LLC100.00Y
Long position799,939
Short position34,313
Morgan Stanley Smith Barney LLC1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00Y
Long position441,210
Short position0
Parametric Portfolio Associates LLC800 Fifth Avenue, Suite 2800, Seattle, 98104, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00Y
Long position361,356
Short position0
Morgan Stanley Jubilee Investments Limited20 Bank Street, Canary Wharf, London, E14 4AD, Place of incorporation: UNITED KINGDOMMorgan Stanley International Holdings Inc.100.00N
Long position7,197
Short position29,015
Archimedes Investments Cooperatieve U.A.Herikerbergweg 238, Luna ArenA, Amsterdam, 1101CM, Place of incorporation: NETHERLANDSMorgan Stanley International Holdings Inc.99.90N
Long position7,197
Short position29,015
Archimedes Investments Cooperatieve U.A.Herikerbergweg 238, Luna ArenA, Amsterdam, 1101CM, Place of incorporation: NETHERLANDSMorgan Stanley Jubilee Investments Limited0.10N
Long position7,197
Short position29,015
Morgan Stanley B.V.Luna Arena, Herikerbergweg 238, Amsterdam, 1101 CM, Place of incorporation: NETHERLANDSMorgan Stanley International Holdings Inc.0.00Y
Long position7,197
Short position29,015
Morgan Stanley B.V.Luna Arena, Herikerbergweg 238, Amsterdam, 1101 CM, Place of incorporation: NETHERLANDSMorgan Stanley Jubilee Investments Limited0.00Y
Long position7,197
Short position29,015
Morgan Stanley B.V.Luna Arena, Herikerbergweg 238, Amsterdam, 1101 CM, Place of incorporation: NETHERLANDSArchimedes Investments Cooperatieve U.A.99.99Y
Long position7,197
Short position29,015
Morgan Stanley Investment Management Limited25 Cabot Square, Canary Wharf, London, E14 4QA, Place of incorporation: UNITED KINGDOMMorgan Stanley Investments (UK)100.00Y
Long position4,200
Short position0
Morgan Stanley Bank, N.A.201 South Main Street, 5th Floor, Salt Lake City, 84111, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00N
Long position4,163
Short position41
Morgan Stanley Europe SEGrosse Gallusstrasse 18, Frankfurt am Main, 60312, Place of incorporation: GERMANYMorgan Stanley Bank, N.A.100.00Y
Long position4,163
Short position41
Morgan Stanley Bank, N.A.201 South Main Street, 5th Floor, Salt Lake City, 84111, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00Y
Long position2,947
Short position48,720
Morgan Stanley Investment Management Inc.1585 Broadway, New York, 10036, Place of incorporation: USAMorgan Stanley Capital Management, LLC100.00N
Long position2,761
Short position5
Morgan Stanley Alternative Investments LLCOne Tower Bridge, 100 Front Street, Suite 400, West Conshohocken, 19428, Place of incorporation: USAMorgan Stanley Investment Management Inc.100.00N
Long position2,761
Short position5
Morgan Stanley AIP GP LPOne Tower Bridge, 100 Front Street, Suite 400, West Conshohocken, 19428, Place of incorporation: USAMorgan Stanley Investment Management Inc.0.00Y
Long position2,761
Short position5
Morgan Stanley AIP GP LPOne Tower Bridge, 100 Front Street, Suite 400, West Conshohocken, 19428, Place of incorporation: USAMorgan Stanley Alternative Investments LLC100.00Y
Long position2,761
Short position5

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 3180
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: The disclosure filing is in relation to interest in the issuer's Class Z shares
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: 05/10/2026
(dd/mm/yyyy)