The long-rumored Xiaomi Mi 5 now has a confirmed launch date. Pictured above: An alleged Xiaomi Mi 5 in white hue. Weibo

The Xiaomi Mi 5 will be unveiled on Feb. 24, says the company co-founder and senior VP Liwan Jiang’s Weibo post.

The Mi 5 will be introduced at the company’s Spring Conference, scheduled for Feb 24. Official details about the event will apparently be released tomorrow.

Meanwhile, a recent leak suggests that the main launch event has been scheduled for 2 hours between 2 p.m. and 4 p.m. Hence, GSM Arena said there is a possibility that the Chinese tech giant might be announcing multiple devices on the same day.

Apart from the launch date, here is a list of rumored Xiaomi Mi 5 specifications and features. The upcoming flagship will apparently flaunt a 5.2-inch display, bundled with 1,080 x 1,920 pixels screen resolution. But then, some reports point to a QHD resolution.

This Chinese tech giant is believed to launch the Mi 5 as two variants. One of the versions will reportedly feature 3 GB of RAM and 32 GB of native storage space. The second variant will house a solid 4 GB of RAM, along with 64 GB of in-built storage.

Speaking of camera specification, the new handset is expected to sport a 16-megapixel rear-facing snapper and a generous 13-megapixel front-facing shooter for selfies and video chats. Under the hood, a Snapdragon 820 chipset will power the device. Android 6.0 Marshmallow OS will run the phone with MIUI 7, out of the box.

Also note-worthy is the phenomenal 3,600 mAh battery unit to keep the lights on. Similar to other flagships, this time around, Xiaomi will apparently introduce a fingerprint sensor on the home button. This unit is rumored to be the world’s smallest and fastest fingerprint scanner.

As far as the price goes, past rumors suggested that the 32 GB Xiaomi Mi 5 will set the buyers back by 1,999 yuan (about $303), whereas the 64 GB model will be priced at 2,299 yuan (about $349).

As always, readers are advised to take the reported Xiaomi Mi 5 price, specifications with the proverbial pinch of salt as the company has not confirmed any information so far.