---
title: "Alibaba-W: Adjusts the conversion rate of convertible preferred notes maturing in 2031"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290198861.md"
description: "Alibaba-W announced that due to the dividend declaration for 2026, the conversion rate of the convertible preferred notes maturing in 2031 (2024 notes) will be adjusted starting from June 11, 2026. The number of shares converted per $1,000 principal amount will be adjusted from 9.8915 shares to 9.9823 shares, and the maximum conversion rate will be adjusted from 12.8589 shares to 12.9770 shares. After the adjustment, the potential number of ordinary shares to be issued will increase from 514 million shares to 519 million shares"
datetime: "2026-06-18T12:34:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290198861.md)
  - [en](https://longbridge.com/en/news/290198861.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290198861.md)
---

# Alibaba-W: Adjusts the conversion rate of convertible preferred notes maturing in 2031

According to the announcement from Alibaba-W (09988), regarding the convertible preferred notes maturing in 2031 (2024 notes), due to the dividend announcement in 2026, effective from June 11, 2026, the conversion rate of the 2024 notes will be adjusted from 9.8915 American depositary shares per $1,000 principal amount of the 2024 notes to 9.9823 American depositary shares per $1,000 principal amount of the 2024 notes;

Meanwhile, the maximum conversion rate of the 2024 notes (considering several adjustments under certain corporate events disclosed in the announcement of the 2024 notes) will be adjusted from 12.8589 American depositary shares per $1,000 principal amount of the 2024 notes to 12.9770 American depositary shares per $1,000 principal amount of the 2024 notes. After the above adjustments and as of the adjustment date, the number of ordinary shares (including in the form of American depositary shares) that the company can issue upon full conversion of the 2024 notes, based on the adjusted maximum conversion rate (considering several adjustments under certain corporate events), has increased from 514 million ordinary shares to 519 million ordinary shares

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