The board of directors of Xiaomi Corporation announce that Mr. Lu Weibing ("Mr. Lu") has been promoted as the President of the Group with effect from December 30, 2022, while continuing to serve concurrently as the President of the Group's International Business Department. He
will also manage the Smartphone Department, the Ecosystem Department, the Major Appliance Department, the China Region and the India Region. Mr. Lu will report to the Group's Chief Executive Officer. Mr. Lu Weibing, aged 47, joined the Group in 2019 as the President of Group's China
Region. In August 2020, he was promoted as a Partner of the Group. From March 2021, he concurrently served as the President of the Group's International Business Department. Prior to this, Mr. Lu had rich working experience in the telecommunication industry. He participated in
the establishment of Shenzhen Chenyee Technology Co. Ltd. and served as the President of Shenzhen Gionee Communication Equipment Co. Ltd. He also worked as the General Manager (Overseas Business Department) at Tianyu Communication Equipment Co. Ltd. and General Sales Manager at KONKA Communication Co. Ltd. Mr. Lu received a bachelor's degree in chemistry from Tsinghua University in 1998 and an Executive Master of Business Administration from Cheung Kong Graduate School of Business in 2009. The Board hereby announces that Mr. Wang Xiang has retired and resigned from his position as the President of the Group with effect from December 30, 2022 (the "Resignation"). Mr. Wang Xiang will continue to serve as the Group's senior consultant. The Board would like to take this opportunity to express its sincere gratitude to Mr. Wang Xiang for his valuable contribution to the Group during his tenure of office.