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Express News | Shares of US-listed Chinese Companies Are Trading Lower After the People's Bank of China Kept the One-year Loan Prime Rate at 3.1% and the Five-year Rate at 3.6%, as Policymakers Navigate Supporting Economic Growth While Stabilizing the Yuan Amid...
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Xiaopeng Autos rewards He Xiaopeng with a significant sum, which could be worth HKD 14.25 billion if the conditions are met.
On the evening of March 20, Sina Technology reported that on March 19, Xiaopeng Autos announced the conditional grant of approximately 28.51 million restricted shares to Chairman and CEO He Xiaopeng, valued at about 2.55 billion Hong Kong dollars based on the closing price of HKD 89.55 on that day, with a grant price of HKD 0. Xiaopeng Autos stated that this grant aims to bind the interests of the core management team through Stock-based Incentive, promoting the company's long-term development, but it must meet conditions such as shareholder approval of the incentive plan and target stock price on the Hong Kong Stock Exchange. However, this large amount of Stock-based Incentive has grant conditions. The Stock-based Incentive granted to He Xiaopeng by Xiaopeng Autos vests in three stages and is based on the continuous trading on the exchange for 30 days.
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