It is learned from Chinese media today, on September 26, 2022 XPeng released an announcement that about 1,982,500 Class A ordinary shares were issued as part of the incentive plan, in accordance with the company’s 2019 equity shares adopted on June 28, 2020 and approved by the company’s shareholders on August 20, 2020.

Coincidentally, with respect to XPeng’s share holding update, a day earlier on September 25, it was reported that He Xiaopeng, the company’s co-founder, executive director, chairman, CEO and controlling shareholder had purchased a total of 2.2 million American depositary shares of the company in the open market through his wholly owned Simplicity Holding. The average price was $13.58 per American depositary share.

The board of directors of Xpeng believes that the acquisition shows He Xiaopeng’s confidence in the company’s prospects and growth potential, as well as his long-term commitment to the company.