iQIYI Announces Latest Corporate and Business Developments

Core Viewpoint - iQIYI, Inc. is advancing its corporate strategy through a proposed listing on the Hong Kong Stock Exchange, a share repurchase program, and the launch of its proprietary AI agents, Nadou Pro, aimed at enhancing its market position and shareholder value [1][2][5]. Proposed Listing - iQIYI has submitted a confidential application for a proposed listing of its Class A ordinary shares on the Hong Kong Stock Exchange, aiming to improve access to capital markets and broaden its investor base [2]. - The proposed listing is contingent upon approvals from the HKEX and the China Securities Regulatory Commission, with no guarantee on the timing or occurrence of the listing [3]. Share Repurchase Program - The board of directors has approved a share repurchase program allowing the company to buy back up to US$100 million of its shares over the next 18 months, effective immediately [5]. - Repurchases may occur through various means, including open market transactions and block trades, depending on market conditions [6]. Launch of Proprietary AI Agents Nadou Pro - iQIYI has initiated open commercial testing for Nadou Pro, its proprietary AI agents designed for professional long-form video generation, integrating advanced foundation models with the company's expertise in content production [7].