🇺🇸 SECBaidu, Inc.Doubao · 实盘不做把握 8/10不做原因:无增量信息
北京时间·🕒 发布 18:37:15·⟳ 抓取 18:37:41 +26s·⚡ 决策 09-14 18:39:02 +1m21s·42.8 天前
百度向SEC提交6-K:例行披露9月11日港股回购56.02万股、耗资约4,999万港元
该6-K仅为港交所《上市规则》13.25A要求的翌日披露报表,内容是8月26日股东常会已批准回购授权下的常规每日执行;单日耗资约HKD0.5亿,累计仅用授权0.101%,无新增授权、加速、特别分红或指引信息,不构成相对一致预期的增量催化,盘前无可交易edge。
📄 原文Baidu, Inc.↗ 原文
----- d52238d6k.htm ----- 6-K 1 d52238d6k.htm FORM 6-K Form 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHIN…
不做 百度集团(09888.HK)
6-K仅转递港交所翌日披露报表,9月11日回购56.02万股、约HKD0.5亿,为既有授权下连续多日的小额常规操作(累计仅用授权0.101%),无新增授权或指引,规模相对市值可忽略且信息已滞后披露,无预期差与可交易edge。
不做 百度(ADR)(BIDU.US)
同一例行小额港股回购事实,盘前无新增定价信息,不足以驱动ADR,不做。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
结论摘要
百度例行披露9月11日港股回购56.02万股(约HKD0.5亿),是既有回购授权下连续多日的小额常规操作,相对其市值与授权规模可忽略,属行政性备案,无预期差,不做。
🔎 新鲜度:最早出现 2026-09-11 · 扩散 low · price-in 风险 high ↗
主要风险
- 回购为持续性动作,若后续公告大幅上调授权规模或提高单日回购强度,需重新评估;本条本身不含此类信息。
反向证据
- 做多前查反向 · 来源 filing · 日期 2026-09-14 · 影响 weakens
附件显示仍为8月26日常规授权(上限2.73亿股)下执行,累计仅用0.101%,9月7–11日每日约54–56万股节奏平稳,无加速或新增计划,反证不支持短线利多
检索:回购是否为新增/特别授权或单日大幅放量 原文 ↗
先例如何影响了这次决策
对本次决策的影响:确认无edge,直接AVOID,不展开event_study
方向:无可对照先例;且例行小额每日回购披露在大盘中概股上历史上普遍不产生显著隔日异常收益,属已知回购计划的执行噪音
涨幅量级:缺乏高相似对齐先例,但单日回购占市值约万分之一量级,资金面影响可忽略,不据以设定任何止盈止损
形态:无证据表明此类翌日披露报表存在系统性高开或见光死模式
工具执行结果 · 成功 1 · 降级 0 · 失败 0 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 26 ms
{"result": "search_processed_events:agent query=`baidu 09888 share repurchase next day disclosure return september 11 2026 | 百度 baidu 回购 560200股 9月11日 翌日披露`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不能据此证明消息首发或不是重复;按当前事件继续正常研判。"}
原文全文
展开原文 · 11,752 字
----- d52238d6k.htm -----
6-K
1
d52238d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number:
000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Exhibit No.
Description
99.1
Next Day Disclosure Return, dated September 11, 2026
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BAIDU, INC.
By
:
/s/ Haijian He
Name
:
Haijian He
Title
:
Chief Financial Officer
Date: September 14, 2026
----- d52238dex991.htm -----
EX-99.1
2
d52238dex991.htm
EX-99.1
EX-99.1
FF305 Next Day Disclosure Return (Equity issuer—changes in issued shares or treasury shares, share buybacks and/or
on-market
sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: Baidu, Inc. Date Submitted: 11 September 2026 Section I must be completed by a listed issuer where there has
been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board
Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if
listed) 09888 Description Class A Ordinary Shares Multi-counter stock code 89888 RMB Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding
treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares
Opening balance as at (Note 1) 10 September 2026 2,209,541,178 0 2,209,541,178 1). Other (please specify) See Part B Date of changes 11 September 2026 % Closing balance as at (Notes 5 and 6) 11 September 2026 2,209,541,178 0
2,209,541,178 Page 1 of 7 v 1.3.0
FF305 Page 2 of 7 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes
5 and 6) 1). Shares repurchased for cancellation but not yet cancelled Date of changes 07 September 2026 545,000 0.025 % HKD 91.6772 2). Shares repurchased for cancellation but not yet cancelled Date of changes 08 September 2026 554,150
0.025 % HKD 90.2251 3). Shares repurchased for cancellation but not yet cancelled Date of changes 09 September 2026 541,200 0.024 % HKD 92.383 4). Shares repurchased for cancellation but not yet cancelled Date of changes 10 September
2026 557,200 0.025 % HKD 89.7264 5). Shares repurchased for cancellation but not yet cancelled Date of changes 11 September 2026 560,200 0.025 % HKD 89.2402 Remarks: The information contained herein under “Opening balance as
at” is based on the closing balance of Class A ordinary shares as of September 10, 2026 as disclosed in the Next Day Disclosure Return submitted on September 10, 2026.
FF305 Confirmation Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief
that, in relation to each issue of shares or sale or transfer of treasury shares as set out in Section I, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules,
laws and other regulatory requirements and, insofar as applicable: (Note 7) (i) all money due to the listed issuer in respect of the issue of shares, or sale or transfer of treasury shares has been received by it; (ii) all
pre-conditions
for the listing imposed by the Main Board Rules / GEM Rules under “Qualifications of listing” have been fulfilled; (iii) all (if any) conditions contained in the formal letter
granting listing of and permission to deal in the securities have been fulfilled; (iv) all the securities of each class are in all respects identical (Note 8); (v) all documents required by the Companies (Winding Up and Miscellaneous
Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has been made with all other legal requirements; (vi) all the definitive documents of title have been delivered/are ready to be
delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer; (vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or
agreed to be purchased by it and the purchase consideration for all such property has been duly satisfied; and (viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and
particulars thereof, if so required by law, have been filed with the Registrar of Companies. Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule
17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A
together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer’s Monthly Return. For example, multiple
issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from
exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer
is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. Page 3 of 7 v 1.3.0
FF305 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as
“repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The
closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A
and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing
balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The
listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up;—they are
entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and—they carry the same rights as to
unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects. Page 4 of 7 v 1.3.0
FF305 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main
Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares Ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 09888 Description Class A Ordinary Shares Multi-counter stock
code 89888 RMB Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1).
11 September 2026 560,200 On the Exchange HKD 90 HKD 88.65 HKD 49,992,360.04 Total number of shares repurchased 560,200 Aggregate price paid $ HKD 49,992,360.04 Number of shares repurchased for cancellation 560,200 Number of shares repurchased
for holding as treasury shares B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 26 August 2026 2). Total number of shares which the issuer is authorised to
repurchase under the repurchase mandate 273,356,149 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 2,757,750 4). As a % of number of issued shares (excluding treasury shares) as at the
date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 0.101 % 5). Moratorium period for any issue of new
shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 11 October 2026 Page 5 of 7 v 1.3.0
FF305 We hereby confirm that the repurchases made on the Exchange set out in Part A above were made in accordance with the Main Board
Rules / GEM Rules and that there have been no material changes to the particulars contained in the Explanatory Statement dated July 27, 2026 which has been filed with the Exchange. We also confirm that any repurchases made on another stock
exchange set out in Part A above were made in accordance with the domestic rules applying to repurchases on that other stock exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange
(stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the
carve-out
set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue
of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or
otherwise, without the prior approval of the Exchange. Page 6 of 7 v 1.3.0
FF305 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other
stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of
on-market
sale of treasury shares Not applicable Submitted by: Lin Juan (Name)
Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer) Page 7 of 7 v 1.3.0
6-K
1
d52238d6k.htm
FORM 6-K
Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE
13a-16
OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number:
000-51469
BAIDU, INC.
Baidu Campus
No. 10 Shangdi 10th Street
Haidian District, Beijing 100085
The People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form
20-F
or Form
40-F.
Form
20-F ☒ Form
40-F ☐
EXHIBIT INDEX
Exhibit No.
Description
99.1
Next Day Disclosure Return, dated September 11, 2026
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
BAIDU, INC.
By
:
/s/ Haijian He
Name
:
Haijian He
Title
:
Chief Financial Officer
Date: September 14, 2026
----- d52238dex991.htm -----
EX-99.1
2
d52238dex991.htm
EX-99.1
EX-99.1
FF305 Next Day Disclosure Return (Equity issuer—changes in issued shares or treasury shares, share buybacks and/or
on-market
sales of treasury shares) Instrument: Equity issuer Status: New Submission Name of Issuer: Baidu, Inc. Date Submitted: 11 September 2026 Section I must be completed by a listed issuer where there has
been a change in its issued shares or treasury shares which is discloseable pursuant to rule 13.25A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Exchange”) (the “Main Board
Rules”) or rule 17.27A of the Rules Governing the Listing of Securities on GEM of the Exchange (the “GEM Rules”). Section I 1. Class of shares WVR ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if
listed) 09888 Description Class A Ordinary Shares Multi-counter stock code 89888 RMB Description A. Changes in issued shares or treasury shares Events Changes in issued shares (excluding treasury shares) Number of issued shares (excluding
treasury shares) As a % of existing number of issued shares (excluding treasury shares) before the relevant event (Note 3) Changes in treasury shares Number of treasury shares Issue/ selling price per share (Note 4) Total number of issued shares
Opening balance as at (Note 1) 10 September 2026 2,209,541,178 0 2,209,541,178 1). Other (please specify) See Part B Date of changes 11 September 2026 % Closing balance as at (Notes 5 and 6) 11 September 2026 2,209,541,178 0
2,209,541,178 Page 1 of 7 v 1.3.0
FF305 Page 2 of 7 v 1.3.0 B. Shares redeemed or repurchased for cancellation but not yet cancelled as at the closing balance date (Notes
5 and 6) 1). Shares repurchased for cancellation but not yet cancelled Date of changes 07 September 2026 545,000 0.025 % HKD 91.6772 2). Shares repurchased for cancellation but not yet cancelled Date of changes 08 September 2026 554,150
0.025 % HKD 90.2251 3). Shares repurchased for cancellation but not yet cancelled Date of changes 09 September 2026 541,200 0.024 % HKD 92.383 4). Shares repurchased for cancellation but not yet cancelled Date of changes 10 September
2026 557,200 0.025 % HKD 89.7264 5). Shares repurchased for cancellation but not yet cancelled Date of changes 11 September 2026 560,200 0.025 % HKD 89.2402 Remarks: The information contained herein under “Opening balance as
at” is based on the closing balance of Class A ordinary shares as of September 10, 2026 as disclosed in the Next Day Disclosure Return submitted on September 10, 2026.
FF305 Confirmation Pursuant to Main Board Rule 13.25C / GEM Rule 17.27C, we hereby confirm to the best knowledge, information and belief
that, in relation to each issue of shares or sale or transfer of treasury shares as set out in Section I, it has been duly authorised by the board of directors of the listed issuer and carried out in compliance with all applicable listing rules,
laws and other regulatory requirements and, insofar as applicable: (Note 7) (i) all money due to the listed issuer in respect of the issue of shares, or sale or transfer of treasury shares has been received by it; (ii) all
pre-conditions
for the listing imposed by the Main Board Rules / GEM Rules under “Qualifications of listing” have been fulfilled; (iii) all (if any) conditions contained in the formal letter
granting listing of and permission to deal in the securities have been fulfilled; (iv) all the securities of each class are in all respects identical (Note 8); (v) all documents required by the Companies (Winding Up and Miscellaneous
Provisions) Ordinance to be filed with the Registrar of Companies have been duly filed and that compliance has been made with all other legal requirements; (vi) all the definitive documents of title have been delivered/are ready to be
delivered/are being prepared and will be delivered in accordance with the terms of issue, sale or transfer; (vii) completion has taken place of the purchase by the issuer of all property shown in the listing document to have been purchased or
agreed to be purchased by it and the purchase consideration for all such property has been duly satisfied; and (viii) the trust deed/deed poll relating to the debenture, loan stock, notes or bonds has been completed and executed, and
particulars thereof, if so required by law, have been filed with the Registrar of Companies. Notes to Section I: 1. Please insert the closing balance date of the last Next Day Disclosure Return published pursuant to Main Board Rule 13.25A / GEM Rule
17.27A or Monthly Return pursuant to Main Board Rule 13.25B / GEM Rule 17.27B, whichever is the later. 2. Please set out all changes in issued shares or treasury shares requiring disclosure pursuant to Main Board Rule 13.25A / GEM Rule 17.27A
together with the relevant dates of changes. Each category will need to be disclosed individually with sufficient information to enable the user to identify the relevant category in the listed issuer’s Monthly Return. For example, multiple
issues of shares as a result of multiple exercises of share options under the same share option scheme or of multiple conversions under the same convertible note must be aggregated and disclosed as one category. However, if the issues resulted from
exercises of share options under 2 share option schemes or conversions of 2 convertible notes, these must be disclosed as 2 separate categories. 3. The percentage change in the number of issued shares (excluding treasury shares) of the listed issuer
is to be calculated by reference to the opening balance of the number of issued shares (excluding treasury shares) being disclosed in this Next Day Disclosure Return. Page 3 of 7 v 1.3.0
FF305 4. In the case of a share repurchase or redemption, the “issue/ selling price per share” shall be construed as
“repurchase price per share” or “redemption price per share”. Where shares have been issued/ sold/ repurchased/ redeemed at more than one price per share, a volume-weighted average price per share should be given. 5. The
closing balance date is the date of the last relevant event being disclosed. 6. For repurchase or redemption of shares, disclosure is required when the relevant event has occurred (subject to the provisions of Main Board Rules 10.06(4)(a), 13.25A
and 13.31 / GEM Rules 13.13(1), 17.27A and 17.35), even if the repurchased or redeemed shares have not yet been cancelled. If repurchased or redeemed shares are to be cancelled upon settlement of such repurchase or redemption after the closing
balance date, they shall remain part of the issued shares as at the closing balance date in Part A. Details of these repurchased or redeemed shares shall be disclosed in Part B. 7. Items (i) to (viii) are suggested forms of confirmation. The
listed issuer may amend the item(s) that is/are not applicable to meet individual cases. 8. “Identical” means in this context: - the securities are of the same nominal value with the same amount called up or paid up;—they are
entitled to dividend/interest at the same rate and for the same period, so that at the next ensuing distribution, the dividend/interest payable per unit will amount to exactly the same sum (gross and net); and—they carry the same rights as to
unrestricted transfer, attendance and voting at meetings and rank pari passu in all other respects. Page 4 of 7 v 1.3.0
FF305 Section II must also be completed by a listed issuer where it has made a repurchase of shares which is discloseable under Main
Board Rule 10.06(4)(a) / GEM Rule 13.13(1). Repurchase report Section II 1. Class of shares Ordinary shares Type of shares A Listed on the Exchange Yes Stock code (if listed) 09888 Description Class A Ordinary Shares Multi-counter stock
code 89888 RMB Description A. Repurchase report Trading date Number of shares repurchased Method of repurchase (Note 1) Repurchase price per share or highest repurchase price per share $ Lowest repurchase price per share $ Aggregate price paid $ 1).
11 September 2026 560,200 On the Exchange HKD 90 HKD 88.65 HKD 49,992,360.04 Total number of shares repurchased 560,200 Aggregate price paid $ HKD 49,992,360.04 Number of shares repurchased for cancellation 560,200 Number of shares repurchased
for holding as treasury shares B. Additional information for issuer who has a primary listing on the Exchange 1). Date of the resolution granting the repurchase mandate 26 August 2026 2). Total number of shares which the issuer is authorised to
repurchase under the repurchase mandate 273,356,149 3). Number of shares repurchased on the Exchange or another stock exchange under the repurchase mandate (a) 2,757,750 4). As a % of number of issued shares (excluding treasury shares) as at the
date of the resolution granting the repurchase mandate (a) x 100 / number of issued shares (excluding treasury shares) as at the date of the resolution granting the repurchase mandate 0.101 % 5). Moratorium period for any issue of new
shares, or sale or transfer of treasury shares after the share repurchase(s) set out in Part A (Note 2) Up to 11 October 2026 Page 5 of 7 v 1.3.0
FF305 We hereby confirm that the repurchases made on the Exchange set out in Part A above were made in accordance with the Main Board
Rules / GEM Rules and that there have been no material changes to the particulars contained in the Explanatory Statement dated July 27, 2026 which has been filed with the Exchange. We also confirm that any repurchases made on another stock
exchange set out in Part A above were made in accordance with the domestic rules applying to repurchases on that other stock exchange. Notes to Section II: 1. Please state whether the repurchase was made on the Exchange, on another stock exchange
(stating the name of the exchange), by private arrangement or by general offer. 2. Subject to the
carve-out
set out in Main Board Rule 10.06(3)(a)/ GEM Rule 13.12, an issuer may not (i) make a new issue
of shares, or a sale or transfer of any treasury shares; or (ii) announce a proposed new issue of shares, or a sale or transfer of any treasury shares, for a period of 30 days after any purchase by it of shares, whether on the Exchange or
otherwise, without the prior approval of the Exchange. Page 6 of 7 v 1.3.0
FF305 Section III must also be completed by a listed issuer where it has made a sale of treasury shares on the Exchange or any other
stock exchange on which the issuer is listed which is discloseable under Main Board Rule 10.06B / GEM Rule 13.14B. Report of
on-market
sale of treasury shares Not applicable Submitted by: Lin Juan (Name)
Title: Joint Company Secretary (Director, Secretary or other Duly Authorised Officer) Page 7 of 7 v 1.3.0
决策记录链 · 只追加
每次领取产生一条记录,重新决策追加一条并以 supersedes 指向被替代的记录(ADR 0014)。
这条决策早于决策账本(2026-10-08 起逐条追加),没有追加记录。