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Baidu Announces Results of Annual General Meeting
(Logo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO ) 1. the company's proposed repurchase of its Class A ordinary shares represented by American depositary shares with an aggregate value of up toUS$200 million before the end of 2009; 2. the amendments of the company's articles of association to specifically set forth the manner for certain share repurchases that may be authorized by the board without the need to seek shareholder approval; 3. the change of the company's name fromBaidu.com, Inc. toBaidu, Inc. ; 4. the adoption of an Amended and Restated Memorandum and Articles of Association primarily to reflect changes mentioned in items 2 and 3 above; 5. the amendment of the company's 2000 Option Plan to authorize the administrator of the plan to adjust the exercise prices of outstanding options; and 6. the adoption of a new 2008 Share Incentive Plan.
Relevant documents that have been amended or adopted at the annual general
meeting will be filed as exhibits to a Form 6-K to be filed with the
About Baidu
For investor inquiries, please contact:China Ms.Linda Sun Baidu, Inc. Tel: +86-10-8262-1188 Email: ir@baidu.com Ms.Cynthia He Brunswick Group LLC Tel: +86-10-6566-9504 Email: baidu@brunswickgroup.com U.S. Mr.Michael Guerin Brunswick Group LLC Tel: +1-646-277-3694 Email: mguerin@brunswickgroup.com
SOURCEBaidu, Inc. -0-12/16/2008 /CONTACT:China : Ms.Linda Sun ofBaidu, Inc. , +86-10-8262-1188, or ir@baidu.com; Or Ms.Cynthia He ofBrunswick Group LLC , +86-10-6566-9504, or baidu@brunswickgroup.com; Or U.S.: Mr.Michael Guerin ofBrunswick Group LLC , +1-646-277-3694, or mguerin@brunswickgroup.com / /Photo: http://www.newscom.com/cgi-bin/prnh/20081103/BAIDULOGO PRN Photo Desk, 888-776-6555 or 212-782-2840/ /Web site: http://www.baidu.com / (BIDU) CO:Baidu, Inc. ST:China IN: CPR ITE MLM NET SU: MM -- CNTU028 -- 897612/16/2008 06:00 EST http://www.prnewswire.com