NIO: Board of Directors Approves Grant of Approximately 248 Million Restricted Shares to Li Bin

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On March 10, NIO disclosed in its financial report that on March 6, 2026, the company’s board of directors approved the 2026 Share Incentive Plan and authorized the granting of 248,454,460 restricted shares of the company to its founder, Chairman, and CEO Li Bin. These restricted shares are divided into ten equal tranches, with vesting conditions depending on the company achieving certain performance targets related to market value and net profit, as well as Li Bin continuing to hold key positions. Additionally, as of December 31, 2025, cash and cash equivalents, restricted cash, short-term investments, and long-term fixed deposits totaled RMB 45.9 billion.

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