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 to
US$200 millionbefore 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 from Baidu.com, Inc.to Baidu, 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
For investor inquiries, please contact:
ChinaMs. Linda Sun Baidu, Inc.Tel: +86-10-8262-1188 Email: email@example.com Ms. Cynthia He Brunswick Group LLCTel: +86-10-6566-9504 Email: firstname.lastname@example.org U.S. Mr. Michael Guerin Brunswick Group LLCTel: +1-646-277-3694 Email: email@example.com
Baidu, Inc.-0- 12/16/2008/CONTACT: China: Ms. Linda Sunof Baidu, Inc., +86-10-8262-1188, or firstname.lastname@example.org; Or Ms. Cynthia Heof Brunswick Group LLC, +86-10-6566-9504, or email@example.com; Or U.S.: Mr. Michael Guerinof Brunswick Group LLC, +1-646-277-3694, or firstname.lastname@example.org / /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: ChinaIN: CPR ITE MLM NET SU: MM -- CNTU028 -- 8976 12/16/2008 06:00 ESThttp://www.prnewswire.com