Baidu Concludes HK$49.99 Million Buyback on 10 September; Four-Day Repurchases Reach 2.20 Million Shares

Bulletin Express09-10

Baidu, Inc. disclosed that it repurchased 557,200 Class A ordinary shares on 10 September 2026 through on-exchange transactions, spending HK$49.99 million at prices ranging from HK$89.10 to HK$90.25 per share. All of these shares are earmarked for cancellation.

Including transactions on 7, 8 and 9 September, the company has bought back a total of 2,197,550 shares over the four-day period, representing approximately 0.10% of the 2.21 billion shares in issue as at 9 September 2026. Volume-weighted average repurchase prices for the earlier three sessions were HK$91.68, HK$90.23 and HK$92.38, respectively.

The repurchases were executed under the mandate approved by shareholders on 26 August 2026, which authorises the company to buy back up to 273.36 million shares. Cumulative buybacks under this mandate now stand at 0.08% of the authorised limit. In line with Hong Kong listing rules, Baidu is subject to a moratorium on new share issues or treasury-share sales until 10 October 2026.

Following the latest transactions, the total number of Baidu’s issued shares remains unchanged at 2,209,541,178, pending cancellation of the repurchased shares. No treasury shares were outstanding as of the reporting date.

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