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