We finally know when the long-anticipated Xiaomi Mi 5 is going to launch: February 24.

Here is the statement made by Xiaomi:

“Are you ready for Mi 5? It’s our first phone to be equipped with one of the most cutting-edge mobile processors ever created, the Qualcomm Snapdragon 820 processor. The 2016 Mi 5 Launch Event is happening on 24th February 2pm (Beijing time) and we’re inviting Mi fans all over the world to be a part of this!”

If you are interested in attending the launch, Xiaomi is paying for 10 fans from all over the world to attend the launch. You can enter the contest here. 

This is, without a doubt, the biggest Xiaomi launch event in a long time.