Millet Repurchase 10 Million 800 Thousand Shares Cost HK $99 Million 940 Thousand

On September 21st, Xiaomi group announced yesterday evening that the Company repurchased 10 million 800 thousand shares, which cost HK $99 million 940 thousand. It is worth noting that this is the fourth buyback of millet group since this month. From September 17th to September 19th, the group bought 2 million 756 thousand and 200 shares, 2 million 730 thousand shares and 2 million 731 thousand and 200 shares respectively, which cost about HK $75 million.

The media noted that in September 3rd, the group announced that in September 2nd, the board formally exercised its share repurchase authorization to repurchase shares from the open market at a higher price of HK $12 billion from time to time. The board of directors of millet may further exercise its share repurchase authorization based on market conditions.

According to the announcement, the board of directors of millet believes that the repurchase of shares can show Millet's confidence in its business prospects and prospects, and will ultimately bring benefits to the company and create value for shareholders. Millet has sufficient financial resources to support stock repurchases while maintaining a healthy financial position.

Millet also said in the announcement that under the impetus of the Internet business mode and the "smart phone + AIoT dual engine" strategy, the Company repurchased shares and expressed its confidence in the current and long-term business prospects.