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VALUE PARTNERS LTD /ADV
> BIDU
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 06/30/2016 | Baidu, Inc. | BIDU | 0 | -30,000 | 0 | -5,726,000 | |
| 03/31/2016 | Baidu, Inc. | BIDU | 30,000 | 30,000 | 5,726,000 | 5,726,000 | $190.87 |
| 12/31/2015 | Baidu, Inc. | BIDU | 353,200 | 95,200 | 66,769,000 | 31,317,000 | $189.04 |
| 09/30/2015 | Baidu, Inc. | BIDU | 258,000 | 258,000 | 35,452,000 | 35,452,000 | $137.41 |
| 06/30/2015 | Baidu, Inc. | BIDU | 22,451 | 22,451 | 4,469,000 | 4,469,000 | $199.06 |
| 03/31/2015 | Baidu, Inc. | BIDU | 0 | -20,387 | 0 | -4,648,000 | |
| 12/31/2014 | Baidu, Inc. | BIDU | 20,387 | 20,387 | 4,648,000 | 4,648,000 | $227.99 |
| 09/30/2014 | Baidu, Inc. | BIDU | 15,287 | 15,287 | 3,336,000 | 3,336,000 | $218.22 |
| 06/30/2014 | Baidu, Inc. | BIDU | 26,021 | 26,021 | 4,861,000 | 4,861,000 | $186.81 |
| 03/31/2014 | Baidu, Inc. | BIDU | 10,000 | 10,000 | 1,523,000 | 1,523,000 | $152.30 |
| 12/31/2013 | Baidu, Inc. | BIDU | 143,900 | 143,900 | 25,597,000 | 25,597,000 | $177.88 |
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