Singapore Post

[cyclone]

The news is out :
- ISSUANCE AND TRANSFER OF 220,096,000 ORDINARY SHARES IN THE CAPITAL OF SINGAPORE POST LIMITED TO ALIBABA INVESTMENT LIMITED
- MEMORANDUM OF UNDERSTANDING IN RELATION TO A STRATEGIC BUSINESS COOPERATION WITH ALIBABA INVESTMENT LIMITED FOR THE CREATION OF AN INTERNATIONAL ECOMMERCE LOGISTICS PLATFORM

Singapore Post Limited (SingPost) and Alibaba Group Holding
Limited (Alibaba Group) today announced that SingPost and Alibaba Investment Limited, a
wholly-owned subsidiary of Alibaba Group Holding Limited, have entered into an investment
agreement under which Alibaba Investment Limited will invest S$312.5 million to purchase 30
million existing ordinary shares held in treasury by SingPost and 190.096 million new ordinary
shares and take a 10.35% stake in SingPost upon completion. Both companies also signed a
memorandum of understanding (MOU) which will allow them to discuss and negotiate a joint
venture (JV) in respect of the business of international e-commerce logistics. This strategic
business cooperation will also tap into other e-commerce opportunities in Southeast Asia and
beyond by providing amongst other things, greater access to SingPost’s international logistics
capabilities, infrastructure and delivery networks, and as well as end-to-end solutions to Alibaba
Group customers and merchants.
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