Xiaomi announces up to HK$2.5bn automatic share buyback plan

Xiaomi (1810) said it has entered into an agreement with an independent broker to conduct an automatic share buyback programme of up to HK$2.5 billion for its Class B ordinary shares on the Hong Kong Stock Exchange on Thursday.

The programme will commence on Friday and end on the earliest of the day before the company's 2026 annual general meeting, the date when the aggregate consideration reaches HK$2.5 billion, or earlier termination in accordance with the brokerage agreement.

Cynthia ZHONG