Alibaba Health Information Technology : GRANT OF RESTRICTED SHARE UNITS

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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the shares in Alibaba Health Information Technology Limited.

ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED ڛԢ਄ੰڦࢹҦஔϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock code: 00241)

GRANT OF RESTRICTED SHARE UNITS

GRANT OF RESTRICTED SHARE UNITS

On March 15, 2021, the Company granted 1,708,000 RSUs to 50 Grantees in accordance with the terms of the Share Award Scheme, subject to acceptance.

RESTRICTED SHARE UNITS

On March 15, 2021, the Company granted 1,708,000 RSUs to 50 Grantees in accordance with the terms of the Share Award Scheme, subject to acceptance. In accordance with the terms of the Share Award Scheme, the RSUs were granted to the Grantees under the following terms:

• - each of the RSUs to be granted to the Grantees represents a right to receive a Share on the date the RSU vests; and

• - the RSUs granted are not subject to performance targets.

In relation to 1,708,000 RSUs granted to the Grantees, new Shares that rank pari passu in all respects among themselves and with all the Shares in issue from time to time shall be issued to such Grantees upon vesting and settlement of such RSUs.

The RSUs granted typically shall vest in the Grantees within four years from the Date of Grant.

Grantees

To the best of the knowledge of the Directors, none of the 50 Grantees who has been granted RSUs on March 15, 2021 is a Director or a connected person of the Company.

REASONS FOR AND BENEFITS OF THE GRANT

The purposes of the aforesaid grant of RSUs are to (i) attract skilled and experienced personnel for the further development and expansion of the Group by providing them with the opportunity to acquire equity interests in the Company, (ii) recognize the contribution to the success and development of the Group made by the existing employees of the Group, and/or (iii) generally incentivize and motivate our employees to remain with, and to strive for the future development and expansion of, the Group.

DEFINITIONS

ZHU Shunyan

Hong Kong, March 15, 2021

As at the date of this announcement, the Board comprises seven Directors, of which (i) two are executive Directors, namely Mr. ZHU Shunyan and Mr. TU Yanwu; (ii) two are non-executive Directors, namely Mr. WU Yongming and Mr. XU Hong; and (iii) three are independent non-executive Directors, namely Mr. LUO Tong, Mr. WONG King On, Samuel and Ms. HUANG Yi Fei (Vanessa).