Xiaomi Submit IPO Application to HKSE

Xiaomi Submit IPO Application to HKSE

May 3rd, Xiaomi submitted IPO application to HKSE. As of the signing date of the Prospectus, Mr. Lei Jun, the CEO of Xiaomi holds 31.4% of the shares. According to the Prospectus, Xiaomi shares will be classified as A Class and B Class. Each A Class share represent 10 votes and B Class 1 vote, based on which Mr. Lei Jun has over 50% of the voting rights.