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HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp said on Sunday that its lawsuit against the U.S. Department of Defense and the Treasury Department was aimed at protecting the interests of the company, in a notice on the Hong Kong Stock Exchange.
The company filed a lawsuit in Washington district court on Friday against the US Defense and Treasury Departments, seeking to remove the Chinese smartphone maker from the official list of companies linked to the Chinese military.
Xiaomi said the United States’ decision to include the company as a “Chinese Communist Military Company” was “factually incorrect” and said it had asked the courts to declare the decision illegal.
The Defense Department, under the Trump administration in mid-January, added Xiaomi and eight other companies to the list, forcing American investors to divest their stakes in the companies within a set deadline.
Xiaomi said that 75% of the company’s voting rights, under a weighted structure, were held by co-founders Lin Bin and Lei Jun, with no ownership or control of any person or entity affiliated with the company. ‘army.
Reporting by Farah Master; Editing by Frances Kerry and Catherine Evans
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