Xiaomi Corporation's Hong Kong stock closed at HKD 46.5, down over 21.7% from its historical high

In the Hong Kong stock market, Xiaomi Corporation's closing stock price plummeted by 5.49% to HKD 46.5, a drop of over 21.7% from the historical high of HKD 59.45 on March 19. On the news front, a spokesperson for Xiaomi released a Weibo post this morning responding to rumors about the Xiaomi SU7 high-speed incident. The official statement indicated that a special team was established immediately and arrived in Tongling on the 30th, actively cooperating with the investigation and evidence collection under the guidance of the police. On the evening of the 31st, we submitted the vehicle operation data and system operation information we had to the police in accordance with the law. We will continue to fully cooperate with the police and strictly adhere to the investigation results to ensure that the handling of the incident is open and transparent