According to the shareholding disclosure information of the Hong Kong Stock Exchange, Xiaomi (01810.HK) co-founder and vice chairman Lin Bin has reduced his holdings for three consecutive trading days: selling 3.333 million shares of stock at an average price of 17.7704 yuan on June 4, selling 3.333 million shares at an average price of 17.8025 yuan on June 5, and selling 3.334 million shares at an average price of 18.0471 yuan on June 6. A total of 10 million shares were sold, cashing out 179 million yuan, and the shareholding was reduced to 9.17%.

In 2020, Xiaomi announced that Lin Bin had voluntarily committed not to sell company shares except for the arranged B shares within five years. Therefore, his actions have been criticized by mainland netizens for being untrustworthy. The Chinese media "Red Star News" quoted relevant personnel from Xiaomi as saying that he reduced his holdings and cashed out for public welfare purposes. According to the official Weibo account of Sun Yat-Sen University, alumni Lin Bin and Liu Xiangdong signed a contract on April 17 to donate 100 million yuan in cash to their alma mater.