Sep 03, 2021 06:59 PM (GMT+8) · EqualOcean
On the 3rd, Wang Hua, general manager of the public relations department of Xiaomi group, responded through his personal microblog that Lei Jun had sold more than 300 million shares of Xiaomi today: "Lei Jun no longer controls the Lei Jun foundation, resulting in a decrease in the statistical share, not a reduction in holdings. This foundation is a charity with a public nature, Lei Jun terminated his control over the foundation according to local regulations in Hong Kong. According to an announcement released by Xiaomi group on July 16, Lei Jun donated a total of about 616 million class B shares of Xiaomi group to Xiaomi foundation and Lei Jun foundation. Each of the two foundations obtained 308 million shares, which will be used for public welfare projects.