XIAOMI:VOLUNTARY ANNOUNCEMENT CLARIFICATION RELATING TO MEDIA ARTICLES ABOUT ELECTRIC VEHICLE BUSINESS

 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement XIAOMI CORPORATION 小米集團 (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) (Stock Code: 1810) VOLUNTARY ANNOUNCEMENT CLARIFICATION RELATING TO MEDIA ARTICLES ABOUT ELECTRIC VEHICLE BUSINESS 

This announcement is made by Xiaomi Corporation (the “Company”, together with its subsidiaries, the “Group”) on a voluntary basis. The Group noticed certain media articles regarding the Group’s potential plans to enter into the electric vehicle manufacturing business. The Group has been paying attention to the developments in the electric vehicle industry, and has continuously studied the relevant industry trends. 

The Group has not initiated any formal project regarding the study of electric vehicle manufacturing business. Shareholders and prospective investors are advised to exercise caution when dealing in the shares and other securities of the Company. 

By order of the Board Xiaomi Corporation Lei Jun Chairman Hong Kong, February 21, 2021 As at the date of this announcement, the Board comprises Mr. Lei Jun as Chairman and Executive Director and Mr. Lin Bin as Vice-Chairman and Executive Director, Mr. Chew Shou Zi as Executive Director, Mr. Liu Qin as Non-executive Director, and Dr. Chen Dongsheng, Prof. Tong Wai Cheung Timothy and Mr. Wong Shun Tak as Independent Non-executive Directors.

VOLUNTARY ANNOUNCEMENT - CLARIFICATION RELATING TO MEDIA ARTICLES ABOUT ELECTRIC VEHICLE BUSINESS