BEIJING, Nov. 30, 2021 /PRNewswire/ -- iQIYI, Inc.
(Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative
market-leading online entertainment service in China, today announced that it has completed
its previously announced repurchase right offer relating to its
3.75% Convertible Senior Notes due 2023 (CUSIP No. 46267XAB4) (the
"Notes"). The repurchase right offer expired at 5:00 p.m., New York
City time, on Monday, November 29,
2021. Based on information from Citibank, N.A. as
the paying agent for the Notes, US$746,793,000 aggregate principal amount of
the Notes were validly surrendered and not withdrawn prior to the
expiration of the repurchase right offer. The aggregate cash
purchase price of these Notes was US$746,793,000. The Company has accepted all of
the surrendered Notes for repurchase and has forwarded cash in
payment of the same to the paying agent for distribution to the
applicable holders.
Materials filed with the SEC will be available electronically
without charge at the SEC's website,
http://www.sec.gov. Documents filed with the SEC may also be
obtained without charge at the Company's website,
http://ir.iqiyi.com/.
About iQIYI, Inc.
iQIYI, Inc. is an innovative market-leading online entertainment
service in China. Its corporate
DNA combines creative talent with technology, fostering an
environment for continuous innovation and the production of
blockbuster content. iQIYI's platform features highly popular
original content, as well as a comprehensive library of other
professionally-produced content, professional user generated
content and user-generated content. The Company distinguishes
itself in the online entertainment industry by its leading
technology platform powered by advanced AI, big data analytics and
other core proprietary technologies. iQIYI attracts a massive user
base with tremendous user engagement, and has developed a
diversified monetization model including membership services,
online advertising services, content distribution, online games,
live broadcasting, IP licensing, talent agency, online literature,
etc.
For further information, please contact:
Investor Relations
iQIYI, Inc.
+ 86 10 8264 6585
ir@qiyi.com
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SOURCE iQIYI, Inc.