Summary by Moomoo AI
XIAO PENG AUTOMOBILE ANNOUNCED ON 31 JANUARY 2024 THAT IT HAS GRANTED A TOTAL OF 1,291,630 SHARES OF RESTRICTED SHARES TO 208 EMPLOYEES UNDER THE 2019 SHARE INCENTIVE SCHEME REPRESENTING THE SAME NUMBER OF CLASS A ORDINARY SHARES. The grant is not subject to shareholder approval and is granted to non-company directors, top executives or major shareholders. Restricted units will be assigned on a different schedule without setting performance targets. The HKEX has approved the listing of the corresponding new shares. The restricted share units issued in this offering represent approximately 0.07% of the Company's total issued shares. The 2019 Equity Incentive Plan will expire ten years after the effective date and any previously awarded or issued rewards will remain effective after the Plan expires.
