"Lei Jun takes the lead in reducing holdings in Xiaomi"? The general manager of Xiaomi's public relations department denies it

Wang Hua, General Manager of the Public Relations Department of Xiaomi Corporation, posted on Weibo: "Recently, everyone has probably seen the news about Xiaomi's new round of financing through share issuance. However, I didn't expect that many people were unaware of the most common operations in the Hong Kong stock market, leading to shocking statements like 'Lei Jun is leading the reduction of Xiaomi's stock.' Let me briefly explain: In Hong Kong stock issuance, major shareholders first place their own shares for sale to independent third-party investors, and then the company issues the same number of new shares to the major shareholders, which significantly shortens the transaction process. This operation is definitely not a reduction of shares by major shareholders!"