Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Vipshop Holdings Limited Hong Kong, August 21, 2020 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Vipshop Holdings Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee.