Alibaba announced on the evening of January 2 on the Hong Kong Stock Exchange that during the 12 month period ending December 31, 2023, we repurchased a total of 897.9 million shares of common stock (equivalent to 112.2 million US depositary shares) for a total price of 9.5 billion US dollars, This includes a total of 292.7 million shares of common stock (equivalent to 36.6 million American depositary shares) repurchased for $2.9 billion in the quarter ended December 31, 2023. These repurchases were conducted in the US and Hong Kong markets based on the company's share repurchase plan.