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Baidu Prices Global Offering BEIJING (dpa-AFX) - Baidu, Inc. (BIDU) announced the pricing of the global offering of 95 million new Class A ordinary shares, which comprises an international offering and a Hong Kong public offering. The final offer price for both the offering has been set at HK$252.00 per offer share. The gross proceeds to the company from the global offering, before deducting underwriting fees and the offering expenses, are expected to be approximately HK$23.94 billion. Baidu plans to use the net proceeds for: continuing to invest in technology and enhance commercialization of the company s innovations centered around AI; further growing Baidu Mobile Ecosystem and enhancing and diversifying monetization; and working capital and general corporate purposes.

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