Proposal Four: Appointment of Independent Registered Public Accounting Firm - Appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as the Company's independent registered public accounting firms for the United States and Hong Kong respectively (with terms lasting until the Company's next annual general meeting of shareholders). The Company's Audit Committee ("Audit Committee") proposes to approve the appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as the Company's independent registered public accounting firms for the United States and Hong Kong respectively (with terms lasting until the conclusion of the Company's next annual general meeting of shareholders). The Board of Directors recommends voting "FOR" the proposal to approve the appointment of PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers as the Company's independent registered public accounting firms for the United States and Hong Kong respectively (with terms lasting until the conclusion of the Company's next annual general meeting of shareholders) and the proposal for the Board of Directors to determine their compensation.

On June 26, 2025, Alibaba Group released its fiscal year 2025 annual report. In fiscal year 2025, Alibaba Group's total revenue reached 996.347 billion RMB, representing a 6% year-over-year increase. Net profit reached 125.976 billion RMB, up 77% year-over-year. The annual report shows that in fiscal year 2025, Alibaba paid a total of 151 million RMB in professional service fees to PwC, down 8.5% from 165 million RMB in fiscal year 2024.