Summary by Moomoo AI
Xiaomi Group announced on August 22, 2024, that according to the 2023 share plan, a total of 41,019,038 reward shares were granted to 1,510 selected participants, including group employees and service providers. The grant price of the reward shares is zero, and the closing price on the day of the grant was HK$19.100 per share. The reward shares will be vested according to a vesting schedule based on time and related to the performance ranking of the selected participants. The purpose of this incentive plan is to align the interests of the recipients with those of the group and to attract and retain talent for the group. The vesting period for the reward shares is from August 23, 2024, to August 22, 2028. The Hong Kong Stock Exchange has approved the 2023 share plan and allows the issuance of new shares under the plan to be listed and traded.
