Baidu Announces Proposed Offering of CNY-denominated Senior Notes

Core Viewpoint - Baidu, Inc. plans to offer CNY-denominated senior unsecured notes in offshore transactions to non-U.S. persons, subject to market conditions [1] Group 1: Notes Offering Details - The principal amount, interest rates, maturity dates, and other terms of the notes will be determined at the time of pricing [1] - The net proceeds from the notes offering will be used for general corporate purposes, including repayment of existing indebtedness and payment of interest [2] - The notes will not be registered under the Securities Act and cannot be offered or sold in the United States or to U.S. persons, except under certain exemptions [3] Group 2: Company Overview - Baidu, founded in 2000, is a leading AI company with a strong Internet foundation, trading on Nasdaq under "BIDU" and HKEX under "9888" [6] - One Baidu ADS represents eight Class A ordinary shares [6]