Mr. Herman Yu has resigned as a director of iQIYI, Inc. (the Company) and no longer serves on any committee of the Company's board of directors (the Board), effective immediately. Mr. Fei Qi has been appointed as a member of the Board, a non-voting member of the Audit Committee of the Board and a member of the Compensation Committee of the Board, effective immediately. Mr. Weijian Shan has been appointed as a member of the Board, a non-voting member of the Audit Committee of the Board and a member of the Compensation Committee of the Board, effective immediately.

In addition, Ms. Xiangjun Wang has tendered her resignation as the chief marketing officer of the Company, effective January 10, 2023.