We are pleased to announce the proposed issue by MCSM of up to 25,000,000 European-style non-collateralised cash settled call warrants over ordinary shares of ALIBABA by way of market making.

The ALIBABA-C46 is to be listed on the Structured Warrants Board of Bursa Malaysia Securities Berhad.

The ALIBABA-C46 is constituted by the Deed Poll dated 13 September 2024. The ALIBABA-C46 is subject to the terms and conditions of the Base Prospectus dated 30 September 2024. The obligations of MCSM under ALIBABA-C46 are guaranteed by Macquarie Financial Limited pursuant to the Guarantee Deed Poll dated 13 September 2024.

A summary of the principal terms of ALIBABA-C46 is set out in the attachment.

This announcement is dated 11 June 2025.