Li Auto Awards Major Equity Incentives to Three Top Executives

[Corporate Governance] Li Auto has granted stock options worth nearly RMB 2 billion in total to three core executives.

Core Development: Aligning Executive Interests with Long-Term Market Capitalization Goals

Ma Donghui, Li Tie, and Xie Yan have been awarded 15 million, 10 million, and 10 million Class A ordinary share options respectively, totaling 35 million share options (equivalent to 17.5 million ADS). The exercise price is set at USD 14.38 per ADS, requiring the three executives to collectively pay USD 252 million out of pocket if they fully exercise their options.

Strategic Rationale: Stringent Vesting Conditions to Prevent Short-Term Speculation

The stock options are not granted free of charge and will vest only in stages after Li Auto’s Hong Kong-listed shares maintain an average market capitalization meeting predefined targets for 30 consecutive trading days, reinforcing a mechanism of "shared risk and shared reward."

Key Figures: Total Nominal Value of Incentives Approximately HKD 2.306 Billion

Additionally, restricted share units totaling 5.5572 million have been granted to Ma Donghui and 99 other employees. The comprehensive incentive plan underscores Li Auto’s strategic determination to achieve a RMB 1 trillion market valuation.