External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Xiaomi held its strategic product launch event on 22 May, featuring the selfdeveloped 3nm SoC chip “XRING O1 and T1”, Xiaomi 15S Pro, Pad 7 Ultra and SUV YU7.</li><li>We believe Xiaomi’s self-developed chip strategy will enhance product differentiation, cost structure and competitiveness of its flagship smartphones in the premium market in the long term, and Xiaomi’s RMB50bn investment into chips in next 10 years will continue to strengthen its technology leadership and AIoT ecosystem.</li><li>In addition, we expect the new YU7 model to boost sales and profitability after coming into the market in July. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Xiaomi held its strategic product launch event on 22 May, featuring the selfdeveloped 3nm SoC chip “XRING O1 and T1”, Xiaomi 15S Pro, Pad 7 Ultra and SUV YU7.We believe Xiaomi’s self-developed chip strategy will enhance product differentiation, cost structure and competitiveness of its flagship smartphones in the premium market in the long term, and Xiaomi’s RMB50bn investment into chips in next 10 years will continue to strengthen its technology leadership and AIoT ecosystem.In addition, we expect the new YU7 model to boost sales and profitability after coming into the market in July. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Xiaomi (1810 HK) - Self-Developed 3nm SoC Debut Is the Bright Spot