Xiaomi Corporation (SEHK:1810) commences commences share repurchases on January 17, 2019, pursuant to a written resolution passed by shareholders on June 17, 2018. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The repurchases will lead to an enhancement of the net assets and/or its earnings per share. The repurchases will be financed out of funds legally available for such purpose in accordance with the Memorandum and Articles of Association and the applicable laws and regulations of Hong Kong and the Cayman Islands. 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.