iQIYI Files Its Annual Report on Form 20-F

BEIJING,March 12,2020 -- iQIYI,Inc.(Nasdaq: IQ) ("iQIYI" or the "Company"),an innovative market-leading online entertainment service inChina,today announced that it filed its annual report on Form 20-F for the fiscal year endedDecember 31,2019with theSecurities and Exchange CommissiononMarch 12,2020U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website athttp://ir.iqiyi.com.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements,free of charge,to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department,iQIYI,Inc.,iQIYIInnovation Building,No.2 Haidian North First Street,Haidian District,Beijing,100080,People's Republic of China.

AboutiQIYI,Inc.

iQIYI,Inc.is an innovative market-leading online entertainment service inChina. Its corporate DNA combines creative talent with technology,fostering an environment for continuous innovation and the production of blockbuster content. iQIYI's platform features highly popular original content,as well as a comprehensive library of other professionally-produced content,professional user generated content and user-generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI,big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement,and has developed a diversified monetization model including membership services,online advertising services,content distribution,online games,live broadcasting,IP licensing,talent agency,online literature and e-commerce etc.

For more information,please contact:

Investor Relations

iQIYI,Inc.

+86 10 8264 6585

ir@qiyi.com

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