Xpeng Motors Grants He Xiaopeng 28.5 Million Restricted Share Units

Xpeng Motors announced on the Hong Kong Stock Exchange that the company's board of directors announced that on March 19, 2025, in accordance with the 2025 Share Incentive Plan, a total of 28,506,786 restricted share units were conditionally granted to He Xiaopeng, the company's chairman, executive director and CEO. The restricted share units granted this time are not unconditionally effective, but require the following conditions to be met: the effectiveness of the 2025 share incentive plan, independent shareholder approval, stock price target, vesting time and expiration mechanism.