# EDGAR Filing Document

**Accession Number:** 0001722608
**File Stem:** 0001193125-23-088002
**Filing Date:** 2023-3
**Character Count:** 11853
**Document Hash:** b9d9bdd5f2b61546dd538d16797b1510
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-088002.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001193125-23-088002

**CONFORMED SUBMISSION TYPE**: SC TO-I/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iQIYI, Inc.
- **CENTRAL INDEX KEY:** 0001722608
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-VIDEO TAPE RENTAL [7841]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90438
- **FILM NUMBER:** 23787467

**BUSINESS ADDRESS:**
- **STREET 1:** 3/F, IQIYI YOUTH CENTER YOOLEE PLAZA
- **STREET 2:** NO. 21, NORTH ROAD OF WORKERS STADIUM
- **CITY:** CHAOYANG DISTRICT BEIJING
- **STATE:** F4
- **ZIP:** 100027
- **BUSINESS PHONE:** 861062677171

**MAIL ADDRESS:**
- **STREET 1:** 3/F, IQIYI YOUTH CENTER YOOLEE PLAZA
- **STREET 2:** NO. 21, NORTH ROAD OF WORKERS STADIUM
- **CITY:** CHAOYANG DISTRICT BEIJING
- **STATE:** F4
- **ZIP:** 100027

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Qiyi.com, Inc.
- **DATE OF NAME CHANGE:** 20171114
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iQIYI, Inc.
- **CENTRAL INDEX KEY:** 0001722608
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-VIDEO TAPE RENTAL [7841]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC TO-I/A

**BUSINESS ADDRESS:**
- **STREET 1:** 3/F, IQIYI YOUTH CENTER YOOLEE PLAZA
- **STREET 2:** NO. 21, NORTH ROAD OF WORKERS STADIUM
- **CITY:** CHAOYANG DISTRICT BEIJING
- **STATE:** F4
- **ZIP:** 100027
- **BUSINESS PHONE:** 861062677171

**MAIL ADDRESS:**
- **STREET 1:** 3/F, IQIYI YOUTH CENTER YOOLEE PLAZA
- **STREET 2:** NO. 21, NORTH ROAD OF WORKERS STADIUM
- **CITY:** CHAOYANG DISTRICT BEIJING
- **STATE:** F4
- **ZIP:** 100027

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Qiyi.com, Inc.
- **DATE OF NAME CHANGE:** 20171114

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

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**SCHEDULE TO** 

**(Amendment No. 1)** 

**(RULE 14d-100)** 

**TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)** 

**OF THE SECURITIES EXCHANGE ACT OF 1934** 

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## iQIYI, Inc.
**(Name of Subject Company (Issuer))** 

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**iQIYI, Inc.** 

**(Name of Filing Person (Issuer))** 

**2.00% Convertible Senior Notes due 2025** 

**(Title of Class of Securities)** 

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**46267XAD0** 

**(CUSIP Number of Class of Securities)** 

**Jun Wang** 

**Chief Financial Officer** 

**4/F, iQIYI Youth Center, Yoolee Plaza,** 

**No. 21, North Road of Workers' Stadium, Chaoyang District** 

**Beijing 100027, People's Republic of China** 

**Telephone: +86 10-6267-7171** 

***with copy to:***

**Haiping Li, Esq.** 

**Skadden, Arps, Slate, Meagher & Flom LLP** 

**46/F, Tower II, Jing An Kerry Centre** 

**1539 Nanjing West Road** 

**Shanghai 200040, China** 

**+86 (21) 6193-8200** 

**(Name, address and telephone number of person authorized to receive notices and communications on behalf of the filing person)** 

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☐ Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

☐ third-party tender offer subject to Rule 14d-1.

☒ issuer tender offer subject to Rule 13e-4.

☐ going-private transaction subject to Rule 13e-3.

☐ amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☒

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

☐ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

☐ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

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**INTRODUCTORY STATEMENT** 

This Amendment No. 1 to Schedule TO (this "Amendment No. 1") amends and supplements the Tender Offer Statement on Schedule TO that was initially filed by iQIYI, Inc. (the "Company") on February 16, 2023 (the "Schedule TO") relating to the Company's 2.00% Convertible Senior Notes due 2025 (the "Notes"). This Amendment No. 1 relates to the final results of the Company's repurchase of the Notes that have been validly surrendered for repurchase and not withdrawn pursuant to the Company's Notice to the holders of the Notes (the "Holders") dated February 16, 2023 (the "Repurchase Right Notice"). The information contained in the Schedule TO, including the Repurchase Right Notice, as supplemented and amended by the information contained in Item 11 below, is incorporated herein by reference. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported on the Schedule TO.

This Amendment No. 1 amends and supplements the Schedule TO as set forth below and constitutes the final amendment to the Schedule TO. This Amendment No. 1 is intended to satisfy the disclosure requirements of Rule 13e-4(c)(4) under the Securities Exchange Act of 1934, as amended.

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| | |
|:---|:---|
| **ITEM 11.** | **ADDITIONAL INFORMATION.**  |

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Item 11 of the Schedule TO is hereby amended and supplemented to include the following information:

The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, March 30, 2023 (the "Expiration Date"). The Company has been advised by Citibank, N.A., as paying agent (the "Paying Agent"), that pursuant to the terms of the Repurchase Right Notice, US$1,197,625,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn as of the Expiration Date. The Company has accepted all of the surrendered Notes for repurchase pursuant to the terms of the Repurchase Right Notice and has forwarded cash in payment of the Repurchase Price to the Paying Agent for distribution to the Holders that had exercised their Repurchase Right. The aggregate amount of the Repurchase Price is US$1,197,625,000. Following settlement of the repurchase, US$2,375,000 aggregate principal amount of the Notes will remain outstanding and continue to be subject to the existing terms of the Indenture and the Notes.

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| | |
|:---|:---|
| **ITEM 12.** | **EXHIBITS.**  |

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| | |
|:---|:---|
| (a) | Exhibits. |
| (a)(1)\* | Repurchase Right Notice to Holders of 2.00% Convertible Senior Notes due 2025 issued by the Company, dated as of February 16, 2023. |
| (a)(5)(A)\* | Press Release issued by the Company, dated as of February 16, 2023. |
| (a)(5)(B)† | Press Release issued by the Company, dated as of March 31, 2023. |
| (b) | Not applicable. |

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| | |
|:---|:---|
| (d) | Indenture, dated as of March 29, 2019, between the Company and Citicorp International Limited, as trustee (incorporated by reference to Exhibit 4.61 to the Company's annual report on Form 20-F (File No. 001- 38431) filed with the Securities and Exchange Commission on March 12, 2020). |
| (g) | Not applicable. |
| (h) | Not applicable. |
| (b) | ***Filing Fee Exhibit.*** |
| † | Filing Fee Table. |

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\* Previously filed.

† Filed herewith.

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**EXHIBIT INDEX** 

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| (a)(1)\* | [Repurchase Right Notice to Holders of 2.00% Convertible Senior Notes due 2025 issued by the Company, dated as of February 16, 2023.](http://www.sec.gov/Archives/edgar/data/1722608/000119312523040684/d452661dex99a1.htm) |
| (a)(5)(A)\* | [Press Release issued by the Company, dated as of February 16, 2023.](http://www.sec.gov/Archives/edgar/data/1722608/000119312523040684/d452661dex99a5a.htm) |
| (a)(5)(B)† | [Press Release issued by the Company, dated as of March 31, 2023.](d492744dex99a5b.htm) |
| (d) | [Indenture, dated as of March 29, 2019, between the Company and Citicorp International Limited, as trustee (incorporated by reference to Exhibit 4.61 to the Company's annual report on Form 20-F (File No. 001- 38431) filed with the Securities and Exchange Commission on March 12, 2020).](http://www.sec.gov/Archives/edgar/data/1722608/000156459020010259/iq-ex461_305.htm) |
| (b)† | [Filing Fee Table](d492744dexfilingfees.htm) |

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\* Previously filed.

† Filed herewith.

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**SIGNATURE** 

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | |
|:---|:---|
| iQIYI, Inc. | iQIYI, Inc. |
| By: | /s/ Jun Wang |
| Name: | Jun Wang |
| Title: | Chief Financial Officer |

---

Dated: March 31, 2023

## Ex-99.(A)(5)(B)

**Exhibit (a)(5)(B)** 

**iQIYI, Inc. Announces the Results of the Repurchase Right Offer for Its 2.00% Convertible Senior Notes due 2025** 

BEIJING, March 31, 2023 — iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), a leading provider of online entertainment video services in China, today announced the results of its previously announced repurchase right offer relating to its 2.00% Convertible Senior Notes due 2025 (CUSIP No. 46267XAD0) (the "Notes"). The repurchase right offer expired at 5:00 p.m., New York City time, on Thursday, March 30, 2023. Based on information from Citibank, N.A. as the paying agent for the Notes, US$1,197,625,000 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 is US$1,197,625,000. The Company will accept all of the surrendered Notes for repurchase and forward 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.** 

**For further information, please contact:** 

Investor Relations

iQIYI, Inc.

ir@qiyi.com

## Ex-Filing

**Exhibit (b)** 

**Calculation of Filing Fee Tables** 

**<u>Schedule TO</u>**

(Form Type)

**iQIYI, Inc.** 

(Name of Issuer)

**Table 1 – Transaction Valuation** 

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| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Transaction** <br> **Valuation** | **Amount of <br>Filing Fee** |
| &nbsp;&nbsp;&nbsp; Fees to Be Paid | $1200000000.00<sup>(1)</sup>0.01102%<sup>(2)</sup> | $132240.00<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp; Fees Previously Paid |  | $132240.00<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp; **Total Transaction Valuation** | **$1200000000.00** |  |
| &nbsp;&nbsp;&nbsp; **Total Fees Due for Filing** |  | **$132240.00<sup>(2)</sup>** |
| &nbsp;&nbsp;&nbsp; **Total Fees Previously Paid** |  | $132240.00<sup>(2)</sup> |
| &nbsp;&nbsp;&nbsp; **Total Fee Offsets** |  |  |
| &nbsp;&nbsp;&nbsp; **Net Fee Due** |  |  |

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(1) Calculated solely for purposes of determining the filing fee. The purchase price of the 2.00% Convertible
Senior Notes due 2025 (the "Notes"), as described herein, is US$1,000 per US$1,000 principal amount outstanding. As of February 16, 2023, there was US$1,200,000,000 aggregate principal amount of Notes outstanding, resulting in an
aggregate maximum purchase price of US$1,200,000,000 (excluding accrued but unpaid interest).

(2) The filing fee of $132,240.00 was previously paid in connection with the filing of the Tender Offer Statement
on Schedule TO on February 16, 2023 by iQIYI, Inc. (File No. 005-90438). The amount of the filing fee was calculated in accordance with Rule 0-11 of the
Securities Exchange Act of 1934, as amended, and equals $110.20 for each US$1,000,000 of the value of the transaction.