Baidu-SW (09888.HK): Issues Statement Over Inclusion in U.S. DoD's List of Chinese Military-Industrial Enterprises
NewTimeSpaceNews: Baidu, Inc. (09888.HK) issued a voluntary announcement on June 9, 2026. The company learned that the U.S. Department of Defense has issued a notice on designating Chinese military-industrial enterprises, under which the Deputy Secretary of Defense has added the company to the relevant list.
The company believes the inclusion is without valid justification, as it is neither a Chinese military-industrial enterprise nor an enterprise participating in military-civil integration for China's national defense industry.
This list is not a sanctions list. The U.S. government procurement restrictions linked to the list will not impact the company's business, nor does the list restrict trading of the company's securities.
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