Semiconductor Manufacturing International Corporation (SMIC) announced the grant of 18.30 million restricted share units (RSUs) on 1 April 2026 to 6,091 grantees under its 2024 Equity Incentive Plan. Each RSU will convert into one Hong Kong-listed share upon vesting, representing approximately 0.23 % of SMIC’s current issued share capital.
The grant includes 278,345 RSUs for three senior executives—Chairman and Executive Director Dr. Liu Xunfeng (117,983 RSUs) and Co-Chief Executive Officers Dr. Zhao Haijun and Dr. Liang Mong-Song (80,181 RSUs each). The remaining 18.02 million RSUs were allocated to 6,088 senior managers and employees.
Pricing details • Consideration: HK$0.031 per RSU • Purchase price to grantees: Nil • Closing price on the grant date: HK$52.85 per share
Vesting schedule • Immediate vesting: 9.15 million RSUs (including 58,991 for Dr. Liu, 80,180 for the two Co-CEOs and 9.01 million for other employees) vested on 1 April 2026. • Deferred vesting: 5.49 million RSUs on 1 April 2027 and 3.66 million RSUs on 1 April 2028, subject to performance conditions.
Performance and claw-back provisions Vesting hinges on meeting company and individual metrics such as revenue, profit and project milestones. Unvested RSUs lapse upon employment termination (except for retirement, death or disability), failure to meet vesting conditions, or internal code violations.
Regulatory and plan capacity The grant was approved by the independent non-executive directors in line with Hong Kong Listing Rule 17.04(1). Following this issuance, 567.29 million shares remain available under the 2024 Equity Incentive Plan, which has an overall limit of 596.81 million shares.
SMIC stated that the equity-based awards form part of its remuneration framework, designed to retain talent and align employee interests with long-term shareholder value without significant cash expenditure.
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