NOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Southern District of New York (the “Court”) if you purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba”) American Depositary Shares (“ADS”; NYSE ticker symbol: BABA) during the period November 13, 2019 through December 23, 2020, inclusive (the “Settlement Class Period”).

NOTICE OF SETTLEMENT : Please also be advised that the Plaintiffs in the above-captioned action, on behalf of themselves and the Settlement Class (as defined in ¶25 below), have reached a proposed settlement of the Action for $433,500,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”)