Baidu held an extraordinary general meeting on August 26, 2026, where shareholders passed all proposed resolutions necessary for the voluntary conversion of its secondary listing status to a primary listing on the Main Board of The Stock Exchange of Hong Kong Limited. Following this approval, Baidu will operate as a dual-primary listed issuer on both the Nasdaq Global Select Market and the Hong Kong Stock Exchange while maintaining its weighted voting rights structure. This strategic move consolidates its primary regulatory and trading footprint in Hong Kong. Baidu is a leading artificial intelligence company with a strong Internet foundation.

Baidu, Inc. has applied to the Hong Kong Stock Exchange to convert its secondary listing status to a dual-primary listing, with the effective date expected within 2026. The company will propose several measures at an upcoming extraordinary general meeting, including an issuance mandate for up to 20% of issued shares, a share repurchase mandate for up to 10% of issued shares, and the adoption of a 2026 Share Incentive Plan. Additionally, the Board intends to adopt new Articles of Association to comply with Hong Kong Listing Rules. The company has also applied for various regulatory waivers regarding joint company secretaries, disclosure of ultimate beneficial owners, and the use of U.S. GAAP for financial reporting. Baidu is an AI company that provides internet-based services.

Baidu, Inc. announced that its board of directors approved a motion to pursue a voluntary conversion to a dual-primary listing on the Main Board of The Stock Exchange of Hong Kong Limited. The conversion is expected to become effective within 2026 and will allow Class A ordinary shares and American depositary shares to be traded on both the Nasdaq and the Hong Kong Stock Exchange. Baidu is a leading AI company with a strong Internet foundation.