Subsidiary disposal Alibaba Group Holding shares

Subject: Subsidiary Foxconn Ventures Holdco disposal Alibaba Group Holding Limited shares

Date of events:2020/10/08

Contents:

1.Name of the securities: Alibaba Group Holding Limited common shares

2.Trading date:2020/10/08

3.Amount, unit price, and total monetary amount of the transaction:

630,000 shares ADS (5,040,000 common shares) at USD295.84 each per ADS;

total amount equals about USD186,381,972

4.Gain (or loss) through disposal (not applicable in case of acquisition of securities):

Calculated from acquisition cost, the realized gains for this transaction is USD120,735,972.  Among which, according to IFRS 9, USD67,977,000 was transferred into Unappropriated Retained Earnings in 2019, and USD52,758,972 is recognized as valuation gain as of trading date in 2020 .

5.Relationship with the underlying company of the trade: None

6.Current cumulative amount held, monetary amount, and shareholding percentage of cumulative holdings of the securities being traded (including the current trade), and status of any restriction of rights (e.g.pledges):

630,000shares ADS (5,040,000 common shares);about USD186,381,972;

approximately 0.02%;restriction of rights: None

7.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present:

Ratio to total assets:0.18%, to shareholder's equity:0.46%

Operating Capital:NTD-104,738,702,000

8.Concrete purpose of the acquisition or disposal:

Investment Realization

9.Any dissenting opinions of directors to the present transaction: None

10.Whether the counterparty of the current transaction is a related party: No

11.Trading counterparty and its relationship with the Company: None

12.Date of the board of directors resolution:2020/10/08

13.Date of ratification by supervisors or approval by the audit committee: NA

14.Any other matters that need to be specified:

Transaction fees, securities transaction tax and ADS conversion fee shall

be paid separately