Alibaba Health Information Technology Limited (SEHK:241) agreed to acquire Hangzhou Jingzhun Health Information Technology Co., Ltd. from Alibaba Group Holding Limited (NYSE:BABA) for HKD13.5 billion on November 28, 2023. The granting of the approval of the Stock Exchange and approvals from the relevant governmental or regulatory authorities or other third parties required. Altus Capital has been appointed as the Independent Financial Adviser to advise the Independent Board Committee and the Independent Shareholders in this regard.