General Announcement::DEQUOTATION OF AMERICAN DEPOSITORY RECEIPTS ON GLOBALQUOTE: BAIDU, INC., TRIP.COM ADRS

Issuer & Securities

Issuer/ Manager
BANK OF NEW YORK MELLON
Securities
BAIDU.COM ADR 10 - US0567521085 - K3SD
TRIP.COM GROUP ADR 10 - US89677Q1076 - K3RD
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Jun-2025 17:33:49
Status
New
Announcement Sub Title
DEQUOTATION OF AMERICAN DEPOSITORY RECEIPTS ON GLOBALQUOTE: BAIDU, INC., TRIP.COM ADRS
Announcement Reference
SG250630OTHRW3ST
Submitted By (Co./ Ind. Name)
Securities Market Control
Designation
SGX-ST
Description (Please provide a detailed description of the event in the box below)
Investors are hereby notified that Bank of New York Mellon ("Depositary") will cease the quotation of American Depositary Receipts ("ADRs") on Baidu, Inc. and Trip.com Group Limited (the "Companies") on GlobalQuote after SGX-ST market close on 31 July 2025.

For avoidance of doubt, the Companies' ADRs continue to trade in the U.S where they are listed.

Investors have the following options:

1. Sell the ADRs on GlobalQuote up till SGX-ST market close on 31 July 2025.

2. Transfer the Companies' ADRs into their account with a U.S. broker using the attached CDP form "Request for Cross-Border Securities Transfer (USA)". After which, they may continue to hold the Companies' ADRs with the U.S. broker or trade their ADRs in the U.S.. CDP will waive the CDP fees related to the cross-border securities transfer.

3. Convert the Companies' ADRs to the underlying shares listed on the Hong Kong Exchange. The SGX ADR Conversion Guide is enclosed for your reference. CDP will waive the CDP transfer fees related to the ADR conversion.

If the holder of the Companies' ADRs do not take action by 12 August 2025, CDP will liquidate the Companies' ADRs held with CDP and return the proceeds to investors. It is expected that CDP will pay cash proceeds to investors within 5 business days from completion of the liquidation. CDP will absorb the costs related to the sale.

CDP will cease to accept any inward cross border transfer of the Companies' ADRs as of the date of this announcement.

Attachments

SGX ADR Conversion Guide.pdf
Request for Cross Border Securities Transfer USA.pdf
Total size =2792K

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.