Alibaba Approved to Spin Off T-Head, Has Submitted A1 Form Application to HKEX for H-Share Listing

On November 10, Alibaba (09988.HK) announced: The Company is pleased to announce that the Stock Exchange of Hong Kong has confirmed the Company may proceed with the proposed separation. Accordingly, on September 11, 2026, T-Head submitted a listing application form (Form A1) to the Stock Exchange of Hong Kong on a confidential basis, seeking approval for the listing of and dealing in T-Head’s H shares on the Main Board of the Stock Exchange of Hong Kong.