BABA-W(09988): Being included in the "List of Chinese military-industrial companies" has no basis.

BABA-W (09988) issued an announcement stating that the Group has noticed that the US Department of Defense has added Alibaba Group to the list of Chinese military enterprises (hereinafter referred to as the "Chinese military enterprises list"). The US Department of Defense is not allowed to directly or indirectly procure goods, services, or technology from entities on the Chinese military enterprises list. The company believes that being included in the Chinese military enterprises list is a mistake. There is no basis for Alibaba Group to be on this list. Alibaba Group is not a Chinese military enterprise and has not been involved in any military-civil fusion strategy. The company will take all possible legal actions against any attempts to distort its image. Being included on the Chinese military enterprises list will not affect the Group's normal business operations in the US or globally, as the Group's business is not related to US military procurement. This list will not impose any other export controls or sanctions, and it will not prohibit anyone (except for the US Department of Defense) from conducting business or transactions with the Group or trading in the company's securities.