TMTPOST — Xiaomi Group has announced that its board has adopted a new share repurchase program to replace the existing plan, which is set to expire after the annual general meeting on June 2, 2026. Under the fresh initiative, the company may repurchase up to 200 billion HKD worth of Class B ordinary shares over the next 12 months, with the program running until the conclusion of the 2027 shareholders' annual general meeting. The repurchases will be conducted on the open market, subject to market conditions and regulatory requirements. This substantial buyback underscores Xiaomi’s commitment to enhancing shareholder value amid ongoing market pressures, including concerns over EV margins and competitive dynamics. The move signals strong management confidence in the company’s long-term fundamentals across smartphones, electric vehicles, and AI initiatives, while providing potential support to the stock price in a volatile Hong Kong trading environment.