Xiaomi Corporation disclosed substantial capital–structure moves in its Next Day Disclosure Return filed on 11 August 2026.
Key actions and impact 1. Share buy-back and cancellation • On 11 August 2026 Xiaomi cancelled 83.63 million Class B WVR ordinary shares that had been repurchased between 3 June and 17 July 2026 at a volume-weighted average price of HK$24.47 per share. • The cancellation reduced the company’s outstanding Class B share count by 0.324 %, trimming the total number of issued shares (excluding treasury stock) from 25.84 billion to 25.76 billion.
2. Ongoing repurchase programme • Between 21 July and 11 August 2026 the group repurchased an additional 14.62 million Class B shares for cancellation at prices ranging from HK$26.66 to HK$28.72 per share; these shares remained uncancelled as of 11 August. • On 11 August alone, 1.87 million shares were bought back on the Hong Kong Stock Exchange for HK$49.96 million at an average price of HK$26.74. • Since receiving its shareholder mandate on 2 June 2026, Xiaomi has repurchased 98.25 million shares, representing 0.38 % of the share base at the mandate date. The company is authorised to buy back up to 2.58 billion shares under the current mandate.
3. Weighted-voting rights (WVR) alignment • To maintain proportional voting rights following the Class B cancellation, WVR beneficiaries converted 14.38 million Class A ordinary shares into Class B shares on a one-for-one basis, in compliance with Hong Kong Listing Rules 8A.13, 8A.15 and 8A.21. • Post-conversion, Xiaomi’s share capital comprises 4.43 billion Class A shares and 21.33 billion Class B shares.
4. Minor share scheme issuances • Between 7–11 August 2026, Xiaomi issued an aggregate 29,000 new Class B shares to non-director participants under its share-based compensation schemes at prices between HK$0.80 and HK$1.25 per share, an immaterial 0.00015 % increase in outstanding shares.
Liquidity considerations • Under Main Board Rule 10.06(3)(a), Xiaomi is restricted from issuing new shares or transferring treasury shares until 10 September 2026 following the recent repurchases.
The disclosure confirms all actions were duly authorised by the board, executed in accordance with Hong Kong listing rules and regulatory requirements, and fully funded with consideration received or paid as applicable.
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