Xiaomi Grants 26.67 Million Share Awards and 40,570 HK Options to Incentivise Talent

Xiaomi Corporation disclosed two equity incentive actions dated 25 March 2026.

The first, under the 2023 Share Scheme, allocates 26.67 million Class B shares to 954 employees and long-term service providers. Employees receive 26.58 million shares, while service providers are granted 0.09 million shares. No consideration is payable by grantees. The reference closing price on the grant date was HK$32.52 per share. Awards vest between 26 March 2026 and 25 March 2036 and follow a time-based schedule that hinges on individual or departmental performance rankings. A claw-back clause allows the board to cancel unvested awards or reclaim delivered shares or cash in cases of misconduct, integrity breaches or misalignment with scheme objectives.

Post-grant, 1.92 billion shares remain available under the overall mandate of 2.50 billion shares. Within the service-provider sublimit of 125.20 million shares, 123.57 million remain unallocated.

Separately, Xiaomi H.K. Limited (Xiaomi HK) issued 40,570 options to one employee under the 2024 Xiaomi HK Share Scheme. Each option allows subscription for one Xiaomi HK share at US$0.10 and may be exercised up to 10 years from the grant date. Vesting runs from 26 March 2026 to 30 August 2028, subject to performance-linked time vesting. Identical claw-back provisions apply.

Following this issuance, 530.20 million Xiaomi HK shares remain available within the 1.00 billion-share mandate; the 50.00 million-share service-provider sublimit is untouched.

Management cites talent attraction, retention and alignment of interests with shareholders as the principal reasons for both grants. No director, chief executive, substantial shareholder, or participant subject to the individual or sub-limits under Listing Rule 17.03D is involved in these grants.