Summary by Moomoo AI
On November 20, 2024, Xiaomi Group announced that a total of 49,593,741 reward shares would be granted to 2,425 selected participants, including group employees and service providers, according to the 2023 share plan. On the same day, Xiaomi Hong Kong also granted 510,335,236 stock options to 2,951 group employees according to the 2024 share plan. The vesting period for the reward shares is from November 21, 2024, to November 20, 2029, while the vesting period for the stock options is from November 21, 2024, to July 2, 2032. The grant price for the reward shares is zero, while the exercise price for the stock options is $0.1 per share. This initiative aims to align participants' interests with the group's interests through share holding, dividends, and other distributions or share appreciation, and to attract and retain talent for the group.
