Alibaba: Voluntary conversion to dual primary listing on the Hong Kong Stock Exchange

On August 23rd, Alibaba (09988.HK) HKEx announced that on August 28, 2024, the company's voluntary conversion from the second listing to the main listing of the company on the Hong Kong Stock Exchange will take effect. On the effective date, the company will be listed on the Hong Kong Stock Exchange and the New York Stock Exchange in a dual primary listing, and the stock mark "S" will be removed from the company's stock abbreviations at the Hong Kong dollar and RMB counter of the Hong Kong Stock Exchange. This voluntary conversion to a dual primary listing does not involve the company's new share issuance and/or financing.