BEIJING, March 12,
2025 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and
HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the
"Company"), a leading AI company with strong Internet foundation,
today announced the completion of its offering of CNY10 billion aggregate principal amount of
CNY-denominated senior unsecured notes (the "Notes"). The Notes
were sold in offshore transactions outside the United
States to certain non-U.S. persons (the "Notes Offering") in
reliance on Regulation S under the United States Securities Act of
1933, as amended (the "Securities Act").
The Notes Offering consists of CNY7.5
billion of 2.70% notes due 2030 and CNY2.5 billion of 3.00% notes due 2035.
The Company intends to use the net proceeds from the Notes
Offering for general corporate purposes, including repayment of
certain existing indebtedness, payment of interest and general
corporate purposes.
The Notes have not been and will not be registered under the
Securities Act or any state securities laws. They may not be
offered or sold in the United
States or to, or for the account or benefits of, U.S.
persons (as defined in Regulation S under the Securities Act)
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities
Act.
The listing of and permission to deal in the Notes on The Stock
Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") is
expected to become effective on March 13,
2025.
This announcement shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, in
the United States or elsewhere,
and shall not constitute an offer, solicitation or sale of the
securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful.
About Baidu
Founded in 2000, Baidu's mission is to make the complicated
world simpler through technology. Baidu is a leading AI company
with strong Internet foundation, trading on Nasdaq under "BIDU" and
HKEX under "9888". One Baidu ADS represents eight Class A ordinary
shares.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements. Baidu
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
(the "SEC"), in announcements made on the website of the Hong Kong
Stock Exchange, in its annual report to shareholders, in press
releases and other written materials and in oral statements made by
its officers, directors or employees to third parties. Statements
that are not historical facts, including but not limited to
statements about Baidu's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Baidu's growth strategies; its future business
development, including development of new products and services;
its ability to attract and retain users and customers; competition
in the Chinese Internet search and newsfeed market; competition for
online marketing customers; changes in the Company's revenues and
certain cost or expense items as a percentage of its revenues; the
outcome of ongoing, or any future, litigation or arbitration,
including those relating to intellectual property rights; the
expected growth of the Chinese-language Internet search and
newsfeed market and the number of Internet and broadband users in
China; Chinese governmental
policies relating to the Internet and Internet search providers,
and general economic conditions in China and elsewhere. Further information
regarding these and other risks is included in the Company's annual
report on Form 20-F and other documents filed with the SEC, and
announcements on the website of the Hong Kong Stock Exchange. Baidu
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law. All information
provided in this announcement is as of the date of the
announcement, and Baidu undertakes no duty to update such
information, except as required under applicable law.
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SOURCE Baidu, Inc.
