Xiaomi : VOLUNTARY ANNOUNCEMENT - LITIGATION

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XIAOMI CORPORATION

小米集团

(A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability)

(Stock Code: 1810)

VOLUNTARY ANNOUNCEMENT - LITIGATION

This announcement is made by Xiaomi Corporation (the "Company", together with its subsidiaries, the "Group") on a voluntary basis.

Reference is made to the announcement of the Company dated January 15, 2021.

In relation to the news release issued by the Department of Defense of the United States on January 14, 2021 (Eastern Standard Time) adding the Company to the list of qualifying entities prepared in response to section 1237 of the National Defense Authorization Act for fiscal year 1999 (the "NDAA"), the Company announced on January 15, 2021 that it will take appropriate courses of action to protect the interests of the Company and its shareholders.

The Company filed proceedings in the United States District Court for the District of Columbia against the Department of Defense and the Department of the Treasury of the United States on January 29, 2021 (Eastern Standard Time). The Company believes that the decision to include the Company as a "Communist Chinese Military Company" under the NDAA by the Department of Defense and the Department of the Treasury of the United States (the "Decision") was factually incorrect and has deprived the Company of legal due process. With a view to protecting the interests of the global users, partners, employees and shareholders of the Company, the Company has pleaded to the courts to declare the Decision illegal and that it be reversed.

The Company will keep the shareholders and potential investors of the Company informed of any further material developments in connection with the proceedings by way of further announcement(s) as and when appropriate.

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Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Xiaomi Corporation

Lei Jun

Chairman

Hong Kong, January 31, 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.

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