# share cancellation

Xiaomi Launches HK$2.5bn Automated Buyback and Will Cancel Repurchased Shares — A Vote of Confidence with Strategic Consequences

Xiaomi has set up an automated share repurchase programme worth up to HK$2.5 billion and will cancel the shares it buys back, a move management says signals confidence and protects shareholder value. The plan further trims the public float and strengthens per-share metrics, while prompting questions about the trade-off between buybacks and investment.