How to factory reset Xiaomi MiWiFi Lite router – Default Login & Password

The Xiaomi MiWiFi Lite router has 300mbps WiFi, 2 100mbps ETH-ports and 0 USB-ports.
It is also known as the Xiaomi Xiaomi MiWiFi Lite R1CL.
How to factory reset Xiaomi MiWiFi Lite - Default Login & Password

Xiaomi MiWiFi Lite default Password , Login & Gateway settings :

Default Gateway IP: 192.168.31.1
Default subnet mask: 255.255.255.0
Default DNS server: 192.168.31.1

How to factory reset (hard reset) Xiaomi MiWiFi Lite :

You can factory reset your Xiaomi MiWiFi Lite in the following way(s)
1. When the router is on, press the button reset and hold for 30 seconds.
2. While holding down the button reset, turn off the power of the router and hold down the button reset for 30 seconds
3. While holding down the button reset, turn on the power to the unit again and hold for another 30 seconds

Xiaomi MiWiFi Lite router specifications :

System specs
CPU: 575 MHz
RAM: 64 MiB
Flash: 16 MiB
Custom firmwares: OpenWrt
Connectivity
WiFi: 300mbps (bgn)
WiFi bands
n/a
WiFi throughput: n/a
WAN
1 x 100mbps port
ETH
2 x 100mbps ports
USB-ports: 0