Vipshop Holdings Investor Presentation — August 2022

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Vipshop Holdings Limited

Investor Presentation

This presentation hasbeen prepared byVipshop Holdings Limited (the “Company”) solely forinformation purpose .Byviewing oraccessing theinformation

contained inthismaterial, you hereby acknowledge and agree that norepresentations, warranties orundertakings, express orimplied, aremade bythe

Company oranyofitsdirectors, shareholders, employees, agents, affiliates, advisors orrepresentatives asto,andnoreliance should beplaced upon, the

accuracy, fairness, completeness orcorrectness oftheinformation oropinions presented orcontained inthispresentation .None oftheCompany oranyofits

directors, shareholders, employees, agents, affiliates, advisors orrepresentatives accept anyresponsibility whatsoever (innegligence orotherwise) foranyloss

howsoever arising from anyinformation presented orcontained inthispresentation orotherwise arising inconnection with thepresentation .The information

presented orcontained inthispresentation issubject tochange without notice anditsaccuracy isnotguaranteed .

This presentation does notconstitute anoffer tosellorissue oraninvitation orrecommendation topurchase orsubscribe foranysecurities oftheCompany for

sale intheUnited States oranywhere else.Nosecurities oftheCompany may besold intheUnited States without registration withtheUnited States Securities

andExchange Commission (the“SEC”) oranexemption from such registration pursuant totheSecurities Actof1933 ,asamended (the“Securities Act”) andthe

rules andregulations thereunder .Nopartofthispresentation shall form thebasis oforberelied upon inconnection with anycontract orinvestment decision in

relation toanysecurities orotherwise .This presentation does notcontain allrelevant information relating totheCompany oritssecurities, particularly with

respect totherisks andspecial considerations involved with aninvestment inthesecurities oftheCompany .Nothing contained inthispresentation shall be

relied upon asapromise orrepresentation astothepast orfuture performance oftheCompany .Past performance does notguarantee orpredict future

performance .You acknowledge thatanyassessment oftheCompany thatmay bemade byyouwillbeindependent ofthispresentation andthatyouwillbe

solely responsible foryour own assessment ofthemarket andthemarket position oftheCompany andthatyouwillconduct your own analysis andbesolely

responsible forforming your own view ofthepotential future performance ofthebusiness oftheCompany .

Certain statements inthispresentation, andother statements thattheCompany may make, areforward -looking statements within themeaning ofSection 27Aof

theSecurities ActandSection 21EoftheSecurities Exchange Actof1934 ,asamended .These statements reflect theCompany’s intent, beliefs orcurrent