Baidu Responds to Inclusion on U.S. CMC List

Baidu, Inc. has been included on the U.S. Department of Defense's list of Chinese Military Companies (CMC List). The company states that it is neither a Chinese military company nor a military-civil fusion contributor to the Chinese defense industrial base, and thus believes there is no justification for its inclusion. Baidu clarifies that the CMC List is not a sanctions list and will not impact the company's business operations or restrict transactions in its securities. The company is listed on NASDAQ under "BIDU" and on HKEX under "9888".