PRINCIPAL AND SELLING SHAREHOLDERS of Baidu - 对牛乱弹琴

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	Ordinary Shares Beneficially Owned Prior to This Offering			Ordinary Shares Sold in This Offering			Shares Beneficially Owned After This Offering (1)
	Number (2)	% (3)		Number (2)	% (3)		Number (2)	% (3)
Directors and Executive Officers:

Robin Yanhong Li	7,520,000	25.8	%	250,000	0.9	%	7,270,000	22.9	%

Jerry Jianguo Liu	328,000	1.1	%	30,000	0.1	%	298,000	0.9	%

Shawn Wang	322,488	1.1	%	—	—		322,488	1.0	%

David Hongbo Zhu	310,000	1.0	%	—	—		310,000	1.0	%

Dong Liang	120,000	0.4	%	—	—		120,000	0.4	%

All Directors and Executive Officers as a Group	8,600,488	29.5	%	280,000	1.0	%	8,370,488	26.2	%

Principal Shareholders:

Draper Fisher Jurvetson ePlanet Ventures L.P.	8,186,591	28.1	%	—	—		8,186,591	25.8	%

Integrity Partners IV, LLC	3,202,399	11.0	%	117,625	0.4	%	3,084,774	9.7	%

Peninsula Capital Fund I, LLC	2,953,403	10.1	%	250,000	0.9	%	2,703,403	8.5	%

Eric Yong Xu	2,380,000	8.2	%	160,000	0.6	%	2,220,000	7.0	%

Selling Shareholders:

IDG Technology Venture Investment L.P.	1,440,000	4.9	%	100,000	0.3	%	1,340,000	4.2	%

CMT CV-BD Limited	164,918	0.6	%	164,918	0.6	%	—	—

Ming Lei	94,166	0.3	%	10,000	0.03	%	84,166	0.3	%

William Chang	40,000	0.1	%	8,696	0.03	%	31,304	0.1	%

source: sec.gov

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