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Baidu Group-SW (09888) clarifies rumours about the spin-off of Kunlun Core's listing: Evaluation is ongoing, but no conclusion has yet been reached

Zhitongcaijing·12/07/2025 10:33:01
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Zhitong Finance App News, Baidu Group - SW (09888) issued an announcement. The company noticed that on December 5, 2025, there were media reports that the company plans to split its non-wholly-owned subsidiary Kunlun Chip (Beijing) Technology Co., Ltd. for an independent listing. The company would like to clarify that it is currently evaluating the proposed spin-off and listing. If a proposed spin-off and listing is carried out, it will be subject to relevant regulatory approval procedures, and the company does not guarantee that the proposed spin-off and listing will take place.