Baidu signs a formal appointment with CAG Funds to represent their interests in MENA.

BAIDU (HONG KONG) LIMITED appoints AMERICAN GLOBAL FUND as a representative in Saudi Arabia and MENA to seek out business opportunities, relative license(s) to operate, identifying, sourcing and providing information to the Company on transactions including, but not limited to: acquisition of and/or investment in third-party companies; forming and/or entering joint venture(s) with third-party investor(s). CAG Funds shall be tasked with sourcing opportunities with existing firms and governments or government-affiliated entities for activities including but not limited to investments, acquisitions, joint ventures, and/or the obtainment of operating licenses.

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