Xiaomi Group Unveils an Automatic Share Buyback Scheme Worth Up to HK$2.5 Billion
1 week ago / Read about 0 minute
Author:小编   

Xiaomi Group has released an official announcement, revealing that it has forged an agreement with an independent brokerage firm. As per this agreement, the brokerage will carry out the repurchase of Xiaomi's Class B ordinary shares on the Hong Kong Stock Exchange. The repurchase will adhere to preset parameters and is capped at a maximum value of HK$2.5 billion. This automatic share buyback program is set to kick off on January 23, 2026. It will come to an end on the earliest of the following occasions: the day preceding the 2026 Annual General Meeting of Shareholders; the moment when the cumulative repurchase amount hits HK$2.5 billion; or in the event of an early termination as stipulated by the brokerage agreement terms. (In the revised version, "issued an announcement" is changed to "released an official announcement" for a more formal and precise expression. "Entered into an agreement" is replaced with "forged an agreement", where "forge" implies a more deliberate and significant act of creating an agreement. "Carry out the repurchase" is a more natural way to say "repurchase" in this context. "Adhere to preset parameters" is a more idiomatic phrase compared to "in accordance with predetermined parameters". "Kick off" is a common and vivid expression for the start of a program, and "come to an end" is a more natural way to conclude a sentence about the end of something. Overall, these changes make the text more in line with English expression habits while maintaining the original meaning.)