Vipshop Announces ADS Ratio Change

Vipshop Holdings Limited

, China's leading online discount retailer ("Vipshop" or the "Company"), today announced that it will change its American depositary share ("ADS") to Class A Ordinary Share ("Share") ratio from one (1) ADS representing two (2) Shares to five (5) ADSs representing one (1) Share, effective November 3, 2014. Vipshop ADS holders of record as of the close of business on October 31, 2014 will receive nine (9) additional ADSs for every one ADS held on that date. For Vipshop's ADS holders, this ratio change will have the same effect as a 10-for-1 ADS split. The ADS ratio change will have no impact on Vipshop's underlying Shares. Furthermore, no action by ADS holders is required to effect the ratio change.