HK Stock Market Move | XIAOMI-W(01810) rose more than 3% during trading, planning to buy back shares worth up to 2.5 billion Hong Kong dollars.

XIAOMI-W (01810) rose more than 3% during trading hours, rising by 2.5% as of the time of writing to HK$36.12, with a turnover of HK$44.56 billion. On the news front, on January 22, Xiaomi Group announced that it plans to repurchase Class B ordinary shares of the company for up to HK$25 billion. The buyback plan will start on January 23 and continue until the day before the 2026 shareholder meeting, when the total buyback amount reaches HK$25 billion, or the agreement is terminated early. Xiaomi Group believes that implementing an automatic share buyback plan can demonstrate the company's confidence in its business prospects, and is in the best interest of the company and shareholders. The company will subsequently cancel the shares repurchased under the automatic share buyback plan.