Alibaba-W (09988.HK): Adjustment of the conversion rate of the convertible preference notes due in 2032.

Wisdom Financial News APP, Alibaba-W (09988.HK) announced that regarding the zero-coupon convertible bonds due in 2032 (2025 bonds), due to the dividend announcement in 2026, in accordance with the terms and conditions of the 2025 bonds, effective from June 11, 2026, the conversion rate of the 2025 bonds, which were originally converting to 5.1773 American Depositary Shares per $1000 principal amount of the 2025 bonds, has been adjusted to convert to 5.2248 American Depositary Shares per $1000 principal amount of the 2025 bonds.