Xiaomi Corporation commences an Equity Buyback for 2,502,274,713 shares, representing 10% of its issued share capital, under the authorization granted on June 2, 2022.

Xiaomi Corporation (SEHK:1810) commences share repurchases on August 23, 2022, under the program mandated by the shareholders in the Annual General Meeting held on June 2, 2022. As per the mandate, the company is authorized to repurchase up to 2,502,274,713 shares, representing 10% of its issued share capital. The repurchases will result in an increase in the net asset value and/or earnings per share.

The repurchase program will be funded out of funds legally available for the purpose in accordance with the Articles of Association, the Listing Rules, the applicable laws of the Cayman Islands, and/or any other applicable laws. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at June 2, 2022, the company has 25,022,747,131 issued shares, comprising of 4,626,676,245 class A shares and 20,396,070,886 class B shares.