XPeng Inc. announced that on 15 July 2026 it awarded a total of 1.26 million restricted share units (RSUs) to 47 employees pursuant to its 2025 Share Incentive Scheme. The grant is not subject to shareholder approval and none of the recipients is a director, chief executive or substantial shareholder.

The 1,255,122 RSUs correspond to the same number of new Class A ordinary shares, equivalent to approximately 0.07% of XPeng’s existing issued share capital and, post-issuance, will still represent about 0.07% of the enlarged share base. The Hong Kong Stock Exchange has approved the listing of the underlying shares. No purchase price is payable by the grantees.

Key terms and timetable • Grant date: 15 July 2026 • Closing price on grant date: HK$52.55 per Class A share • Vesting: Service-based only; no performance targets. – 58.6% of RSUs vest 25% each on 1 July of 2027, 2028, 2029 and 2030. – 0.6% vest 25% each on 1 January of 2027, 2028, 2029 and 2030. – 3.8% vest 25% each on 1 October of 2026, 2027, 2028 and 2029. – 37.0% vest 25% on 1 July 2027, with the remaining 75% vesting in twelve equal tranches (6.25% each) between 1 October 2027 and 1 July 2030.

Clawback provisions allow the board to forfeit unvested RSUs or cancel vested but unsettled units in cases such as misconduct, breaches of confidentiality or non-competition obligations, or actions detrimental to the company’s interests. No performance conditions apply to these awards.

Post-grant capacity Following this issuance, 152.19 million Class A shares remain available for future awards under the main scheme mandate, with a further 9.53 million shares available under the service-provider sublimit. The 2025 Share Incentive Scheme, adopted on 27 June 2025, has a ten-year term unless terminated earlier by the board.

The RSU allocation complies with listing rules: awards to any single employee over the past 12 months stay below the 1% individual limit. No financial assistance was provided to grantees for share acquisition.