Xiaomi Cancels 36.75 Million Shares, Adjusts WVR Structure and Continues Buybacks

Bulletin Express
04/14

Xiaomi Corporation announced multiple capital actions dated 14 April 2026 that reduce its outstanding share count and preserve its weighted voting rights (WVR) ratio.

Key transactions 1. Cancellation of repurchased shares: • 36.75 million Class B shares, acquired between 24 February and 23 March 2026 at an average price of HKD 33.86, were cancelled on 14 April. • Net reduction in total issued shares (Class A + Class B) amounted to 36.65 million, bringing the share count to 25.90 billion.

2. WVR alignment: • To maintain the proportion of high-voting Class A shares after the cancellation, WVR beneficiaries converted 6.34 million Class A shares into Class B on a 1-for-1 basis, in accordance with Listing Rule 8A.21. • Post-conversion, Class A shares stand at 4.47 billion, while Class B shares total 21.43 billion.

3. Share-based compensation: • 100,800 new Class B shares were issued at HKD 1.08 to satisfy employee share awards, representing 0.0004 % of the pre-transaction share base.

Ongoing repurchases • On 14 April, Xiaomi repurchased an additional 2.79 million Class B shares on the open market at prices between HKD 30.60 and HKD 31.00, spending HKD 85.85 million. • Cumulative buybacks under the current mandate total 331.96 million shares, or 1.28 % of the share base at the mandate date. • A further 52.58 million repurchased shares remain pending cancellation at average prices ranging from HKD 30.66 to HKD 32.46.

Mandate headroom and moratorium • The general mandate approved on 5 June 2025 still allows repurchase of up to 2.59 billion shares. • Following the latest buybacks, Xiaomi is restricted from issuing new shares until 14 May 2026, except for limited carve-outs under the Listing Rules.

Capital structure snapshot (as of 14 April 2026) • Class A shares: 4.47 billion • Class B shares: 21.43 billion • Total issued shares: 25.90 billion

The company confirms all actions were authorised by the board and executed in compliance with Hong Kong Listing Rules and applicable regulations.

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