Baidu to Pursue Dual-Primary Listing on Hong Kong Stock Exchange

Baidu, Inc. announced its board of directors has approved a voluntary conversion to a dual-primary listing on the Main Board of The Stock Exchange of Hong Kong Limited. This strategic move, expected to be effective within the current year, aims to enhance the liquidity of Baidu's securities, broaden its investor base, and offer greater flexibility in accessing capital markets. The company's Class A ordinary shares and American depositary shares will continue to be traded and remain mutually fungible on both the Hong Kong Stock Exchange and Nasdaq Global Select Market.