XPeng Inc. Grant of Restricted Share Units

XPeng Inc. announced on July 15, 2026, the grant of 1,255,122 Restricted Share Units (RSUs) to 47 employees under the 2025 Share Incentive Scheme. These RSUs represent an equal number of underlying Class A ordinary shares. The grants are subject to acceptance by the recipients and do not require shareholder approval, as none of the recipients are directors, chief executives, or substantial shareholders. The RSUs are subject to service-based vesting conditions, with portions vesting over several years, starting from July 1, 2027, and extending to July 1, 2030. The vesting schedule includes specific tranches with varying vesting dates. Performance targets are not a condition for vesting. The company has implemented clawback mechanisms allowing forfeiture of unvested RSUs or recovery of vested RSUs under certain conditions, including misconduct or breach of confidentiality. The 2025 Share Incentive Scheme is valid for 10 years from June 27, 2025. The RSU grants represent approximately 0.07% of the company's total issued shares.