On June 19, the official website of the Securities Regulatory Commission stated that it respected the selection of the Xiaomi Group and decided to cancel the review of the company's issuance filings by the 88th IAEA Meeting of the 18th TSRC in 2018. Today morning, Xiaomi The official certification microblogging 'Millet spokesperson' issued a message saying that after repeated and careful research, the company decided to implement the listing plan in Hong Kong and China in a step-by-step manner, that is, after listing in Hong Kong, it would then choose to issue the CDR in the domestic market. To this end, the company will initiate an application to the China Securities Regulatory Commission, postponing the convening of the audit committee to review the company's CDR issuance application.
On June 15, the Securities Regulatory Commission issued a report that Xiaomi’s China Depositary Receipt (CDR) will be reviewed during the work meeting of the 88th Issuance Review Committee held in June 2018. Millet spent only 12 days.
On June 14, the Securities and Futures Commission disclosed an updated version of Xiaomi's CDR prospectus. Xiaomi’s CDR’s issuance size corresponds to a ratio of 7% of the basic shares of the CDR to the total share capital of the Hong Kong stocks after issuance, and this time the CDR is issued. The corresponding basic shares account for not less than 50% of the total size of CDRs and Hong Kong stocks.