BIDU-SW (09888) plans to issue unsecured promissory notes denominated in Chinese yuan.

BIDU-SW (09888) announced that it intends to issue offshore unsecured notes denominated in RMB to non-US persons in accordance with Regulation S under the Securities Act of 1933 (as amended) ("Securities Act"), subject to market conditions and other factors that may limit the issuance of the notes. The principal amount, interest rate, maturity date, and other terms of the notes will be determined at the time of pricing. The net proceeds from the issuance of the notes will be used for general corporate purposes, including repayment of existing debts, payment of interest, and other general corporate purposes.