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Xiaomi Group Granted 70.232 Million Shares to three,904 Staff

Yesterday, Xiaomi Group issued an announcement stating that the corporate’s board of administrators granted a complete of 70.232 million shares to three,904 workers of the group in accordance with the share award plan.

Who Did Get Xiaomi Group Shares?

Based on Xiaomi, the group’s excellent younger engineers, contemporary graduates and excellent workers within the core positions of the staff, and excellent engineers of the annual know-how award have all acquired corresponding fairness incentives.

Xiaomi Group

By the best way, yesterday, the closing worth of Xiaomi’s inventory was 26.2 Hong Kong {dollars} ($3.37). Based mostly on this calculation, Xiaomi has given a complete of 1.84 billion Hong Kong {dollars} of inventory rewards to workers. That’s roughly $0.24 billion. This equals to a mean of 470,000 Hong Kong {dollars} (roughly $60,523) per capita.

Xiaomi particularly talked about that among the many above workers, about 700 excellent younger engineers have been chosen for Xiaomi’s newest expertise incentive program “Younger Engineer Incentive Program.” They may obtain a complete of 16.042 million shares. After a easy calculation, the worth of the shares issued per capita of those 700 younger engineers is 600,000 Hong Kong {dollars} (about $77,263).

The younger engineer incentive plan is personally led by Lei Jun, the founder, chairman and CEO of Xiaomi Group. The latter chosen a complete of almost 700 excellent younger engineers into the primary batch of lists. They’re primarily R&D engineers, testers, product managers, designers, and so forth. The spheres they’re from cowl chip analysis and growth, machine studying and algorithms, software program and {hardware} growth, cloud computing, system structure, picture processing, and supplies. There are numerous front-line positions in know-how, working system, video coaching, interactive design, and so forth. The youngest chosen worker is just 24 years outdated.

Xiaomi acknowledged that this incentive plan might be prolonged to your complete group sooner or later. Additionally, it can proceed to be a long-term expertise incentive challenge for all younger engineers all through the corporate.

This Is Not New

The Paper reporter famous that Xiaomi has granted share awards in line with the share award plan many occasions since its itemizing, 5 occasions in 2020 alone. The latest case occurred on October 10, 2020. At the moment, 579 individuals received a complete of 10,672,400 shares. At the moment, Xiaomi’s share worth was 20.95 Hong Kong {dollars} ($2.7). And the general worth of the shares granted was 220 million Hong Kong {dollars} ($28.33 million).

Share awards are one of many frequent methods to inspire workers in listed corporations. Not way back, Gree Electrical, an outdated buddy of Xiaomi, launched a draft of its worker inventory possession plan. It concerned 12,000 workers.

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