Xiaomi Corporation Announces Joint Company Secretary Changes
February 26, 2021 at 08:02 am
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Xiaomi Corporation announced that Mr. Steve Lin ("Mr. Lin") resigned as joint company secretary of the Company with effect from February 26, 2021. Following Mr. Lin's resignation, the Board announced that Ms. Chan Wing Ki ("Ms. Chan") has been appointed as joint company secretary of the Company with effect from February 26, 2021. Ms. Chan joined Group in May 2018 and is the Company's legal director overseeing the legal and compliance affairs in relation to the Company's corporate governance, capital markets, mergers and acquisitions and corporate finance activities. Before joining Group, Ms. Chan had close to 10 years of legal and corporate governance experience, having worked as a solicitor at Allen & Overy, Davis Polk & Wardwell and Latham & Watkins LLP.
Xiaomi Corporation is specialized in the design, production and marketing of smartphones and connected products. Revenue by type of activity breaks down as follows:
- sales of smartphones and laptops (61.9%): 146.4 million units sold in 2020;
- sales of connected objects, electronic products and smart devices (27.4%): smart televisions, video projectors, smart routers, connected lighting systems, smart electric scooters, games monitors, headsets, multimedia boxes, multimedia feed readers, connected bracelets and watches, air purifiers, vacuum cleaners, etc.;
- provision of Internet services (9.7%): including advertising services, publishing of content, etc.;
- other (1%).
China accounts for 50.2% of net sales.