Summary by Futu AI
The Xiaomi Group completed the share change and repurchase on 14 March 2024 in accordance with the Listing Rules of the Hong Kong Stock Exchange Limited. The Company repurchased a total of 161,500,000 Class B Ordinary Shares from November 24, 2023 to February 15, 2024 and delisted on March 14, 2024. IN ADDITION, THE XIAOMI GROUP CONVERTED 29,373,916 CLASS A ORDINARY SHARES INTO CLASS B ORDINARY SHARES UNDER DIFFERENT VOTING RIGHTS STRUCTURES, KEEPING THE PROPORTIONS OF THE DIFFERENT VOTING SHARES UNCHANGED. After the share change, the number of Class B ordinary shares decreased to 20,410,731,417 shares and the number of Class A ordinary shares decreased to 4,537,658,844 shares. This share change includes shares issued under the Share Option Plan to exercise options and has been formally authorized by the Board of Directors.