BABA To Become Dual Primary Listed on SEHK, NYSE from Next Wed

$BABA-W (09988.HK)$ announced that the voluntary conversion of its secondary listing to primary listing on the Hong Kong Stock Exchange (SEHK) will become effective next Wednesday (28th). It will become dual primary listed on the SEHK and the New York Stock Exchange (NYSE), and the stock marker "S" will be removed from its stock short names for both HKD and RMB counters on the Hong Kong Stock Exchange on the Effective Date. Its voluntary conversion to dual primary listing does not involve any issue of new shares and/or fund-raising by the company.

In addition, Joseph Tsai, the chairman, was appointed as its additional authorized representative under Rules 2.11 and 3.05 of the Hong Kong Listing Rules from next Wednesday; and Kevin Zhang, the secretary, would continue to be its authorized representative.