iQIYI Announces Proposed Offering of American Depositary Shares

BEIJING, Jan. 17, 2023 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Firm"), a number one supplier of on-line leisure video companies in China, as we speak introduced an underwritten public providing (the "Providing")  of 76,500,000 American Depositary Shares, every representing seven Class A extraordinary shares, par worth $0.00001 per share, of the Firm (the "ADSs"). The Firm intends to grant the underwriters a 30-day possibility to buy up to an combination of 11,475,000 extra ADSs. The Firm plans to use the web proceeds from the Providing for working capital functions, together with serving its current debt obligations.

BofA Securities, Inc., Goldman Sachs (Asia) L.L.C. and J.P. Morgan Securities LLC act as the joint bookrunners for the Providing.

The Providing will probably be made pursuant to an efficient shelf registration assertion on Type F-3 filed with the U.S. Securities and Change Fee (the "SEC"), which is on the market on the SEC's web site at A preliminary prospectus complement and accompanying prospectus associated to the Providing have been filed with the SEC and will probably be obtainable on the SEC's web site at www.sec.govCopies of the preliminary prospectus complement and the accompanying prospectus associated to the Providing could additionally be obtained by contacting BofA Securities, Inc. toll-free at 1-800-294-1322, Goldman Sachs & Co. LLC toll-free at 1-866-471-2526, or J.P. Morgan Securities LLC toll-free at 1-866-803-9204.

This press launch shall not represent a proposal to promote or a solicitation of a proposal to buy any securities, nor shall there be a sale of the securities in any state or jurisdiction through which such a proposal, solicitation or sale can be illegal. This press launch comprises pending details about the Providing, and there could be no assurance that the Providing will probably be accomplished.

About iQIYI, Inc.

iQIYI, Inc. is a number one supplier of on-line leisure video companies in China. It combines artistic expertise with expertise to foster an surroundings for steady innovation and the manufacturing of blockbuster content material. It produces, aggregates and distributes all kinds of professionally produced content material, in addition to a broad spectrum of different video content material in quite a lot of codecs. The Firm distinguishes itself within the on-line leisure business by its main expertise platform powered by superior AI, large information analytics and different core proprietary applied sciences. iQIYI attracts a every day subscriber base of greater than 100 million, and its diversified monetization mannequin consists of membership companies, on-line promoting companies, content material distribution, on-line video games, IP licensing, expertise company, on-line literature, and so forth.

Protected Harbor Assertion

This announcement comprises forward-looking statements. These statements are made underneath the "protected harbor" provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements could be recognized by terminology reminiscent of "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "assured" and comparable statements. Amongst different issues, the outline of the proposed Providing on this announcement comprises forward-looking statements. iQIYI might also make written or oral forward-looking statements in its periodic studies to the U.S. Securities and Change Fee, in its annual report back to shareholders, in press releases and different written supplies and in oral statements made by its officers, administrators or staff to 3rd events. Statements that aren't historic information, together with however not restricted to statements about iQIYI's beliefs and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. A variety of elements might trigger precise outcomes to vary materially from these contained in any forward-looking assertion, together with however not restricted to the next: iQIYI's methods; iQIYI's future enterprise improvement, monetary situation and outcomes of operations; iQIYI's capability to retain and improve the variety of customers, members and promoting prospects, and increase its service choices; competitors within the on-line leisure business; adjustments in iQIYI's revenues, prices or expenditures; Chinese language governmental insurance policies and laws referring to the web leisure business, normal financial and enterprise circumstances globally and in China and assumptions underlying or associated to any of the foregoing. Additional data concerning these and different dangers is included within the Firm's filings with the Securities and Change Fee. All data supplied on this press launch and within the attachments is as of the date of the press launch, and iQIYI undertakes no obligation to replace such data, besides as required underneath relevant regulation.

For extra data, please contact:

Investor Relations
iQIYI, Inc.
[email protected]



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