XPeng, Inc. Class A (HK:9868) has released an update.
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XPeng, Inc. has announced the grant of 4,932,710 restricted share units (RSUs) to a senior management member and 233 employees under its 2019 Equity Incentive Plan. These RSUs, which represent Class A ordinary shares, are subject to service-based vesting conditions over a period of up to four years. This strategic move aims to incentivize and retain key personnel without requiring shareholder approval.
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