Xiaomi (HK:1810) has released an update.
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Xiaomi Corporation has announced the awarding of over 41 million shares to selected employees and service providers under the 2023 Share Scheme to incentivize performance and align their interests with the company’s growth. These awards, which carry no consideration cost to the recipients, will vest over a period from 2024 to 2028, with specific performance targets set for each participant. The scheme also incorporates a clawback mechanism to ensure the integrity of the awards.
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