Summary by Futu AI
The Xiaomi Group announced on 20 March 2024 that under the 2023 Share Plan it will award a total of 153,554,897 shares of bonus shares to 4,727 selected participants, including Group employees and service providers. The award price of the bonus shares is zero and the closing price is HK$14.500 per share on the date of issue. The allotment period of the bonus shares runs from 21 March 2024 to 20 March 2034 and has performance targets. The Board of Directors noted that this move is aimed at aligning the interests of the awardees with those of the Group and attracting and retaining talent for the Group. Under the 2023 share plan, the total number of shares that may be issued does not exceed 2,503,959,565 shares, and the service provider's allowance limit is 125,197,978 shares. The Listing Committee of the Hong Kong Stock Exchange Limited has approved the listing and trading of the relevant new shares.