Vision - Alibaba

Directors’ Report
Disclosure of details pursuant to the conditions of the waivers
The single highest amount or aggregate amounts, as applicable, attributable to each category of the
continuing connected transactions for the year ended December 31, 2007 were as follows:
Single highest
amount or
aggregate amount,
as applicable, for
the year ended
December 31, 2007
RMB (million)
1 Technology Services Framework Agreement 7
2 Cooperation Framework Agreement 4
3 Cross-Selling Services Framework Agreement 45
4 Technology and Intellectual Property Framework License Agreement 56
The above continuing connected transactions have been reviewed by independent non-executive directors
of the Company. The independent non-executive directors confi rmed that these connected transactions
were entered into (a) in our ordinary and usual course of business of the Group; (b) either on normal
commercial terms or on terms no less favorable to us than terms available to or from independent
third parties; (c) in accordance with the relevant agreements governing them on terms that are fair and
reasonable and in the interests of the shareholders of our Company as a whole.
In accordance with paragraph 14A.38 of the Listing Rules, our board engaged the auditors of our Company
to perform certain station procedures on the above continuing connected transaction on a sample basis
in accordance with Hong Kong Standard on Related Services 4400 “Engagements to Perform Agreed-
Upon Procedures Regarding Financial Information” issued by the Hong Kong Institute of Certifi ed Public
Accountants. The auditors have reported their factual fi ndings on the selected samples based on the
agreed-upon procedures to our board.
The auditors have reported to our Board that the transactions:
(a) were approved by our board;
(b) were entered into in accordance with the relevant agreements; and
(c) had not exceeded the caps disclosed in the previous announcements relating to the aforesaid
transactions.
Save as disclosed above, details of the signifi cant related party transactions undertaken by us during the
year in the ordinary course of business are set out in note 33 to our consolidated fi nancial statements on
pages 148 to 153 of this Annual Report.
69