Xiaomi’s co-founder and senior VP Liwan Jiang have officially confirmed a key configuration and release date of the Mi 5.

According to CEO Lei Jun, citing Jiang’s Weibo update, the Xiaomi Mi 5 flagship will come powered by Qualcomm's Snapdragon 820 chipset. He further added that the Mi 5 is already in mass production phase to make sure the company honors the demand on time by producing enough stock.

As for release date, Gizmo China said that the flagship will be released after the Chinese Spring Festival in February. Jun noted earlier that the Mi 5 is worth the long wait.

As far as the rumored Xiaomi Mi 5 specifications go, GSM Arena said that the smartphone will reportedly feature a 5.2-inch display, packed with a Full HD or Quad HD screen resolution. The Snapdragon 820 SoC will be backed by 3 GB or 4 GB RAM choices. The RAM configuration is tied to the native storage option i.e. the 32 GB variant will settle for a 3 GB RAM, while the 64 GB version will flaunt a 4 GB RAM unit.

When it comes to camera specification, the Mi 5 will apparently sport a 16-megapixel rear-facing sensor, in addition to a generous 13 MP selfie-clicker at the front. On the software front, Android 6.0 Marshmallow will run the device, straight out of the box. Plus, a phenomenal 3,600 mAh battery cell will help keep the lights on for a longer period of time.

Xiaomi will apparently embed world’s smallest and fastest fingerprint scanner at the home button. Not to forget, Mi 5 will be first Xiaomi device to flaunt such a scanner.

According to past rumors, the Xiaomi Mi 5’s 32 GB version will cost 1,999 yuan (about $303), whereas the 64 GB model will set the buyers back by 2,299 yuan ($348).