(SeaPRwire) – BEIJING, March 30, 2026 — iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a major provider of online entertainment video services in China, today revealed its recent corporate and business updates. These include a planned listing on the Main Board of the Hong Kong Stock Exchange (the “Proposed Listing”), the launch of a share buyback program, and the start of open commercial testing for its proprietary AI agents, Nadou Pro.
Proposed Listing
A listing application has been filed with the Hong Kong Stock Exchange (the “HKEX”) on a confidential basis to request the listing and trading of the Company’s Class A ordinary shares on the HKEX. The Proposed Listing is intended to improve the Company’s access to Hong Kong’s capital markets, widen its investor base by increasing visibility among Asian institutional and retail investors, and bolster its international profile.
The details of the Proposed Listing are not yet final. The listing is contingent on, among other things, receiving approvals from the HKEX, finalizing the filing with the China Securities Regulatory Commission, and the Company’s final decision. There is no certainty that the Proposed Listing will occur or when it might happen.
This announcement does not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and does not constitute an offer, solicitation or sale of the securities in any state or jurisdiction where such an offer, solicitation or sale would be unlawful.
Share Repurchase Program
On March 30, 2026, the Company’s board of directors gave approval to a share repurchase program, authorizing the Company to buy back up to US$100 million of its shares (including ADSs) over the following 18 months. The program became effective immediately. It aims to show the Company’s confidence in its long-term business prospects and to return value to shareholders.
The Company’s planned repurchases may be conducted periodically through open market transactions at current market prices, via block trades, and/or through other legally permitted methods, subject to market conditions and regulatory rules. The board of directors will review the program periodically and may authorize changes to its terms and size. The Company plans to use its available cash balance to fund the repurchases.
Launch of Proprietary AI Agents Nadou Pro
The Company recently began open commercial testing for Nadou Pro, its proprietary AI agents and the first in China tailored for professional long-form video generation. By combining top foundation models with iQIYI’s deep knowledge in premium content production, Nadou Pro optimizes the full production pipeline—from the initial creative idea to the final video generation.
About iQIYI, Inc.
iQIYI, Inc. is a top provider of online entertainment video services in China. It merges creative talent with technology to foster an environment of constant innovation and the creation of blockbuster content. It produces, aggregates, and distributes a broad range of professional content, as well as a wide spectrum of other video content in various formats. iQIYI sets itself apart in the online entertainment sector with its leading technology platform, powered by cutting-edge AI, big data analytics, and other core proprietary technologies. Over time, iQIYI has built a vast user base and developed a diversified monetization model that includes membership services, online advertising, content distribution, online games, talent agencies, experiential businesses, etc.
For further details, please contact:
Investor Relations
iQIYI, Inc.
ir@qiyi.com
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