101On the evening of October 25th, Xiaomi Group issued an announcement on the Hong Kong Stock Exchange, and the board of directors announced that the ordinary resolution proposed at the extraordinary shareholders' meeting of the company held on October 25th, 2002165438/kloc-0 had been formally voted. The ordinary resolution is to approve the rules of Xiaomi Company's proposed stock option plan, and authorize the directors of the company to execute relevant documents and take relevant actions to implement the plan and make it effective when they think it is appropriate.

The management said that there is no separate listing financing plan for Xiaomi EV at present, emphasizing that the Group has enough cash and cash flow to support the company's efforts to do automobile business now. The current Xiaomi Automobile Talent Incentive Plan is to better motivate employees to do automobile business.

The announcement issued by Xiaomi Group on the evening of September 30th shows that an extraordinary shareholders' meeting will be held on 101October 25th to approve the adoption of Xiaomi EV's equity incentive plan. The authorized limit of the plan is 10 billion shares, accounting for 10% of the total issued shares of Xiaomi EV. Xiaomi EV was established to operate the Group's smart electric vehicle business, and the subsidiary equity incentive plan aims to provide qualified talent teams with opportunities to acquire rights and interests of Xiaomi EV, so as to encourage talent teams to create long-term value for Xiaomi EV and the company.