Xiaomi issues 1.51 million Class B WVR shares for employee incentives; buys back 1.74 million shares worth HK$50 million

Bulletin Express
07/31

Key points 1. Xiaomi Corporation filed a Next Day Disclosure Return with the Hong Kong Stock Exchange on 31 July 2026 covering share movements between 24–31 July 2026. 2. A total of 1.51 million new Class B weighted-voting-right (WVR) ordinary shares were allotted on 27-31 July under employee share-based schemes. The new shares were issued at prices ranging from HK$1.25 to HK$2.43, translating into a volume-weighted average of roughly HK$1.79 per share and expanding the Class B share count by 0.007 % to 21.40 billion. 3. Aggregate consideration for the newly issued shares amounted to approximately HK$2.71 million. The company’s total issued share capital (excluding treasury shares) rose to about 25.84 billion shares (4.44 billion Class A and 21.40 billion Class B). 4. On 31 July, Xiaomi repurchased 1.74 million Class B shares on the Hong Kong Stock Exchange at prices between HK$28.64 and HK$28.88, for a total outlay of HK$50.00 million. These shares are intended for cancellation and represent 0.007 % of the issued share base prior to the transaction. 5. Since the current buyback mandate was approved on 2 June 2026, Xiaomi has repurchased 90.92 million shares—equivalent to 0.35 % of the company’s issued shares at mandate date—at an aggregate cost of approximately HK$2.35 billion (implied average HK$25.92 per share). All 90.92 million repurchased shares await formal cancellation. 6. In line with Hong Kong listing rules, Xiaomi is restricted from issuing new shares (or disposing of any treasury shares) until 30 August 2026, being 30 days after the latest repurchase.

Strategic insights • The 1.51 million share issuance, priced at a steep discount to the prevailing market repurchase levels, indicates the company’s ongoing commitment to employee incentive schemes while simultaneously pursuing an active share buyback program. • The cumulative repurchase volume underscores management’s focus on capital return and potential capital-structure optimisation, marginally offsetting dilution from incentive-related share grants. • Net of the 1.74 million shares repurchased on 31 July, Xiaomi’s outstanding share count was little changed, highlighting the limited capital impact of recent equity movements.

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