On March 12, a U.S. federal judge issued a preliminary injunction in the case of Xiaomi
company suing the U.S. Department of defense, prohibiting the U.S. Department of defense from listing Xiaomi as a so-called "enterprise related to the Chinese military" policy. Xiaomi made a media statement on this. The contents are as follows:
Xiaomi is pleased to see that on March 12, US Eastern time, the court officially banned Xiaomi from being identified as a Chinese military related enterprise, and stopped the restrictions imposed on Xiaomi by executive order 13959. The court lifted the restrictions on the purchase and holding of Xiaomi shares by American investors through the injunction, and cancelled the requirement of compulsory sale of Xiaomi shares. The injunction took full effect immediately.
We would like to emphasize once again that Xiaomi is a listed company with independent operation and management, decentralized equity and open stock trading. Our electronic products are for ordinary consumers.
We believe that the inclusion of Xiaomi in the list of Chinese military related enterprises is an arbitrary and arbitrary decision, and the judge also agreed with it. We will continue to ask the court to finally rule that the decree is invalid for Xiaomi.