iQIYI, Inc. Announces Repurchase Right Notification for 6.50% Convertible Senior Notes due 2028

Core Viewpoint - iQIYI, Inc. is notifying holders of its 6.50% Convertible Senior Notes due 2028 about their right to require the company to repurchase these notes for cash, starting from February 10, 2026, until March 12, 2026 [1][4]. Summary by Sections Repurchase Right - Holders of the Notes can require the company to repurchase all or a portion of their Notes, in multiples of US$200,000 principal amount, at a price equal to 100% of the principal amount plus any accrued and unpaid interest up to the repurchase date of March 16, 2026 [3][4]. - As of February 9, 2026, the total outstanding principal amount of the Notes is US$208,059,000, meaning the total cash purchase price for all outstanding Notes would be approximately US$208,059,000 if all are surrendered for repurchase [3]. Procedures and Timeline - The Repurchase Right is available from 9:00 a.m. on February 10, 2026, to 5:00 p.m. on March 12, 2026. Holders must follow specific transmittal procedures outlined in the Repurchase Right Notice to exercise this right [4][6]. - Holders can withdraw any previously tendered Notes before the deadline of 5:00 p.m. on March 12, 2026 [4]. Company Overview - iQIYI, Inc. is a leading provider of online entertainment video services in China, known for combining creative talent with technology to produce a wide variety of content [9][10]. - The company utilizes advanced AI and big data analytics to enhance its technology platform and has developed a diversified monetization model that includes membership services, online advertising, content distribution, and more [10].