XPENG-W (09868) has announced the issuance of 2.54 million Class A ordinary shares to fulfill obligations under its restricted stock unit plans. The shares were issued pursuant to the 2019 Equity Incentive Plan, which was adopted on June 28, 2020, and subsequently approved by shareholders on August 20, 2020.

Additionally, the issuance also covers shares under the 2025 Share Incentive Plan, adopted on March 18, 2025, and approved by shareholders on June 27, 2025. This move aligns with the company's ongoing commitment to employee compensation and retention through equity-based incentives.

The share issuance reflects XPENG-W's continued execution of its incentive programs, designed to align the interests of employees with those of shareholders.