Xiaomi’s new CFO takes office

Mr. Alain Lam takes office as Xiaomi Group’s Vice President and Chief Financial Officer

Beijing, Oct 9, 2020 — Xiaomi Corporation (“Xiaomi” or the “Group”; stock code:1810), today announced that Mr. Alain Lam officially takes office as the Group’s Vice President and Chief Financial Officer.

Mr. Lam, appointed on August 26, will be responsible for coordinating and managing the Group’s financial work and report to CEO Lei Jun and President Wang Xiang.

Mr. Lam, aged 46, received his master’s degree in engineering from the University of Oxford. He has over 20 years of investment banking experience and previously served as a managing director and the head of technology, media, and telecom in the investment banking and capital markets department of Credit Suisse in the Asia Pacific. Prior to this, he was a managing director at Morgan Stanley covering equity capital markets for technology, media, and telecom in the Asia Pacific.

On November 29, 2019, Xiaomi announced its Executive Director, Senior Vice President, and former CFO Mr. Chew Shou Zi to take the role of President of International of the Group by job rotation and continue to serve in his capacity as an Executive Director and Senior Vice President. Mr. Wang Xiang was subsequently appointed as the acting CFO since April 10, 2020, until the CFO Search Committee has located a suitable candidate to serve as the CFO.

—END—

About Xiaomi Corporation 

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an Internet of Things (IoT) platform at its core. 

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. 

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s leading consumer IoT platform, with 271 million smart devices connected to its platform, excluding smartphones and laptops. Xiaomi products are present in more than 90 markets around the world. 

In August 2020, the company made the Fortune Global 500 list for the second time, ranking 422nd, up 46 places compared to last year. It also ranked 7th among internet companies on the list. In May 2020, the company made the Forbes Global 2000 List again, and its ranking jumped to 384th. 

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index and Hang Seng TECH Index. 

For more information about the company, please visit https://blog.mi.com/en/.