Baidu (BIDU-W) Executes HK$49.99 Million Buyback; 8.99 Million Shares Repurchased Since August Mandate

Bulletin Express
Sep 28

On 28 September 2026, Baidu, Inc. (BIDU-W) filed a Next Day Disclosure Return with the Hong Kong Stock Exchange confirming the continuation of its on-market share repurchase programme.

Issued Share Capital • The company’s issued Class A ordinary share count was unchanged at 2.21 billion as of both 25 and 28 September 2026. • All shares bought back during the period remain “pending cancellation”; hence they are still included in the issued share total.

Latest Buyback Details • Trading date: 28 September 2026 • Shares repurchased: 583,700 • Price range: HK$85.05 – HK$86.60 per share • Aggregate consideration: HK$49.99 million

September Buyback Activity • From 7 to 28 September 2026, Baidu repurchased 8.99 million shares across 16 trading sessions. • Daily volume-weighted average prices ranged from HK$84.88 to HK$92.38. • The cumulative 8.99 million shares equal 0.329 % of the company’s issued shares on the mandate date (26 August 2026).

Repurchase Mandate Utilisation • Current authorisation allows buybacks of up to 273.36 million shares. • Utilisation to date stands at 3.29 % of the authorised limit.

Additional Compliance Information • No treasury shares are being held. • A moratorium prohibits new share issues or transfers until 28 October 2026. • The board confirms all repurchases complied with Main Board Rules and applicable regulations.

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