In May 2018, environmental groups IPE and Lüse Jiangnan completed another round of investigations into pollution in Xiaomi’s supply chain, finding that pollution has become even more severe. Groups once again raised these issues to Xiaomi, but still only received silence and avoidance in response. Meanwhile, the Hong Kong Stock Exchange (HKEX) – where Xiaomi is seeking its IPO – has made clear requirements for ESG-related disclosure. We believe that Xiaomi is in violation of HKEX's relevant requirements for information disclosure.