iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 6.50% Convertible Senior Notes due 2028

Group 1 - iQIYI, Inc. announced the results of its repurchase right offer for its 6.50% Convertible Senior Notes due 2028, with a total of US$207,800,000 validly surrendered [1] - The repurchase price, which includes the principal amount and accrued interest, totals US$207,800,000, and cash has been forwarded to the paying agent for distribution [1] - After the repurchase, US$259,000 of the Notes will remain outstanding, continuing under the existing terms [1] Group 2 - iQIYI, Inc. is a leading provider of online entertainment video services in China, known for combining creative talent with technology to produce blockbuster content [2] - The company utilizes advanced AI, big data analytics, and proprietary technologies to distinguish itself in the online entertainment industry [2] - iQIYI has developed a diversified monetization model that includes membership services, online advertising, content distribution, online games, talent agency, and experience business [2]