XPeng Inc. has successfully completed the acquisition of DiDi Global Inc.'s smart auto development business assets, as announced on August 13, 2024. This strategic move was initially disclosed in previous announcements dated August 28, 2023, and November 13, 2023. The acquisition was marked by the start-of-production (SOP) of XPeng's Mona model, which began mass production on July 30, 2024, and the first batch of XPENG MONA M03, an all-electric hatchback coupe, was displayed in showrooms nationwide starting August 1, 2024. In accordance with the Share Purchase Agreement, XPeng issued 4,636,447 Class A ordinary shares to DiDi, which represents approximately 0.24% of XPeng's enlarged share capital. Following the SOP Closing, DiDi now holds 3.31% of XPeng's share capital, while the shareholding of other shareholders has slightly decreased to 78.31%. The share capital structure adjustment reflects the issuance of the SOP Consideration Shares to DiDi. The board of XPeng, led by Chairman Xiaopeng He, includes executive, non-executive, and independent non-executive directors.

XPeng Inc. has successfully completed the acquisition of DiDi Global Inc.'s smart auto development business assets, as announced on August 13, 2024. This strategic move was initially disclosed in previous announcements dated August 28, 2023, and November 13, 2023. The acquisition was marked by the start-of-production (SOP) of XPeng's Mona model, which began mass production on July 30, 2024, and the first batch of XPENG MONA M03, an all-electric hatchback coupe, was displayed in showrooms nationwide starting August 1, 2024. In accordance with the Share Purchase Agreement, XPeng issued 4,636,447 Class A ordinary shares to DiDi, which represents approximately 0.24% of XPeng's enlarged share capital. Following the SOP Closing, DiDi now holds 3.31% of XPeng's share capital, while the shareholding of other shareholders has slightly decreased to 78.31%. The share capital structure adjustment reflects the issuance of the SOP Consideration Shares to DiDi. The board of XPeng, led by Chairman Xiaopeng He, includes executive, non-executive, and independent non-executive directors.