Mr. Robin Yanhong Li and Mr. Chuan Wang have tendered resignations as directors of iQIYI, Inc. Mr. Junjie He, currently a director of the Company, has been elected as Chairman of the Board of Directors. In addition, Ms. Luyao Han has been appointed as a new director of the Company. These changes became effective on November 12, 2022.

Ms. Luyao Han joined Baidu in February 2014, and currently serves as Head of BaiduÆs Investments, Mergers and Acquisitions Department. Ms. Han has rich work experience in strategic investments, M&A and investment banking industry. Prior to joining Baidu, she worked in the Investment Banking Division of China International Capital Corporation Limited (SH: 601995; SEHK: 3908) from 2008 to 2014.

Ms. Han obtained her bachelorÆs degree in economics from Peking University.