On 21 September 2026 Baidu, Inc. (BIDU-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange detailing a series of on-market share buybacks executed between 7 and 21 September 2026.

Over the 11 trading sessions, the company bought back a total of 6.13 million Class A ordinary shares designated for cancellation. The cumulative volume equals approximately 0.28 % of Baidu’s 2.21 billion issued shares outstanding as of 18 September 2026, leaving the reported opening and closing share counts unchanged at 2.21 billion pending cancellation.

Repurchase metrics: • Daily buybacks ranged from 541,200 to 575,300 shares. • Volume-weighted average prices (VWAP) varied between HKD 86.91 and HKD 92.38 per share. • The latest session on 21 September saw 560,000 shares acquired at prices between HKD 88.00 and HKD 90.45, costing HKD 49.74 million.

Based on disclosed share quantities and VWAP data, the 11-day programme represents an aggregate cash outlay of roughly HKD 549.40 million.

Mandate status: • Shareholders authorised a repurchase limit of 273.36 million shares on 26 August 2026. • Completed repurchases to date stand at 6.13 million shares, or 0.22 % of the issued share base on the mandate date. • In line with Hong Kong listing rules, Baidu is subject to a 30-day moratorium on new share issues or treasury share sales, expiring on 21 October 2026.

The board confirmed that all repurchases were executed on the Exchange under proper authorisation and in full compliance with Hong Kong listing regulations and applicable laws. No treasury shares were held post-transaction, and all repurchased shares are slated for cancellation.