Alibaba Health Information Technology : GRANT OF RESTRICTED SHARE UNITS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

阿 里 健 康 信 息 技 術 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock code: 00241)

GRANT OF RESTRICTED SHARE UNITS

GRANT OF RESTRICTED SHARE UNITS

On March 16, 2020, the Company granted 3,070,383 RSUs to 12 Grantees in accordance with the terms of the Share Award Scheme, subject to acceptance.

RESTRICTED SHARE UNITS

On March 16, 2020, the Company granted 3,070,383 RSUs to 12 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 these RSUs to be granted to the Grantees represents the right to receive a Share on the date it vests; and
• the RSUs granted are not subject to performance targets.

In relation to 3,070,383 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.

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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 12 Grantees who has been granted RSUs on March 16, 2020 is a Director or a connected person of the Company.

REASONS FOR AND BENEFITS OF THE GRANTS

The purpose of the aforesaid grant of RSUs is 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 our existing employees' contribution to the success and development of the Group, and (iii) generally incentivize and motivate our employees to remain with, and to strive for the future development and expansion of, the Group.

DEFINITIONS
''Board''	the board of directors of the Company
''Company''	Alibaba Health Information Technology Limited (阿里健康信息
	技術有限公司), a company incorporated in Bermuda and listed
	on the Stock Exchange (Stock Code: 00241)
''connected person''	has the same meaning ascribed to it under the Listing Rules
''Date of Grant''	March 16, 2020
''Director(s)''	director(s) of the Company
''Grantees''	the employees of the Group who were granted RSUs in
	accordance with the Share Award Scheme on the Date of Grant
''Group''	the Company and it subsidiaries
''HK$''	the lawful currency of Hong Kong
''Hong Kong''	Hong Kong Special Administrative Region of the PRC
''Listing Rules''	Rules Governing the Listing of Securities on The Stock
	Exchange of Hong Kong Limited
''PRC''	the People's Republic of China
''RSU(s)''	restricted share unit(s), being a contingent right to receive Shares
	which is awarded under the Share Award Scheme

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''Share Award	the share award scheme adopted by the Company at a special
Scheme''	general meeting on November 24, 2014, the principal terms of
	which were set out on pages 10 to 20 of the Company's circular
	dated October 31, 2014
''Shares''	ordinary shares in the issued capital of the Company with a
	nominal value of HK$0.01
''Stock Exchange''	The Stock Exchange of Hong Kong Limited
''subsidiary''	has the same meaning ascribed to it under the Listing Rules
	By Order of the Board
	Alibaba Health Information Technology Limited
	ZHU Shunyan
	Chairman and Chief Executive Officer

Hong Kong, March 16, 2020

As at the date of this announcement, the Board comprises eight Directors, of whom (i) two are executive Directors, namely Mr. ZHU Shunyan and Mr. WANG Qiang; (ii) three are non-executive Directors, namely Mr. WU Yongming, Mr. WANG Lei 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).

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