We are pleased to announce the proposed issue by KIBB of up to 35,000,000 European style non-collateralised cash-settled call warrants over the ordinary shares of BAIDU.

The BAIDU-C9 is constituted by the Deed Poll dated 21 May 2026 executed by us, as supplemented from time to time. The BAIDU-C9 is subject to the terms and conditions of the Base Prospectus dated 5 June 2026 and the Term Sheet dated 25 June 2026.

The BAIDU-C9 will be listed on the Structured Warrants Board of Malaysia Securities Berhad and issued by KIBB under the Base Prospectus dated 5 June 2026.

A summary of principal terms of the BAIDU-C9 is set out in Table 1.

This announcement is dated 25 June 2026.