XPeng Announces Inclusion of Its Shares in the Shenzhen-Hong Kong Stock Connect Program
09 February 2022 - 1:51PM
Business Wire
XPeng Inc. (“XPeng” or the “Company,” NYSE: XPEV, HKEX: 9868), a
leading Chinese smart electric vehicle (“Smart EV”) company, today
announced that the Company’s Ordinary Shares, which trade on The
Stock Exchange of Hong Kong Limited (“HKEX”), are included in the
Shenzhen-Hong Kong Stock Connect programs, effective on February
09, 2022, according to the announcement issued by the Shenzhen
Stock Exchange.
(https://www.szse.cn/disclosure/notice/t20220209_591165.html)
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Under the Stock Connect programs, qualified Mainland Chinese
investors can access eligible Hong Kong shares (Southbound),
subject to specified daily quotas.
“We are pleased to be included in the Stock Connect programs,
which enable qualified Mainland Chinese investors to have direct
access to our shares through the Stock Exchanges in the Mainland.
The inclusion will not only further expand and diversify our
investor base but also provide the opportunity for our customers,
partners and EV and technology investors in China to participate in
our exciting growth story,” said Brian Gu, Vice Chairman and
President of the Company.
XPeng’s inclusion in the Stock Connect programs marks another
important milestone for the Company. It is the first smart EV
companies listed in Hong Kong to be included in the Stock Connect
program. It was also the first smart EV company to achieve a
dual-primary listing status on both the New York Stock Exchange and
the Hong Kong Stock Exchange.
Hang Seng Indexes Company Limited announced on 8 July 2021 that
XPeng meets the Fast Entry Rule of various indexes, and would be
included as a constituent of several indexes, including the Hang
Seng Composite Industry Index, the Hang Seng Composite LargeCap
Index and the Hang Seng Consumer Goods & Services Index from 21
July 2021. Inclusion in the Hang Seng Composite Index is a key
requirement for the Stock Connect scheme.
The Company’s shares, began trading on the Main Board of the
HKEX on July 7, 2021, are fully fungible with the Company’s
American Depositary Shares on the New York Stock Exchange
(NYSE).
About the Stock Connect Programs
The Stock Connect programs are a unique collaboration between
the Hong Kong, Shanghai and Shenzhen stock exchanges. The Stock
Connects allow international and mainland Chinese investors to
trade securities in each other's markets through the trading and
clearing facilities of the participating exchanges. The Stock
Connects established a two-way trading link between stock exchanges
in mainland China and Hong Kong. The Stock Connects allow qualified
mainland China investors to access eligible Hong Kong shares
(Southbound) as well as Hong Kong and overseas investors to trade
eligible A shares (Northbound), subject to specified daily
quotas.
About XPeng Inc.
XPeng is a leading Chinese smart electric vehicle company that
designs, develops, manufactures, and markets Smart EVs that appeal
to the large and growing base of technology-savvy middle-class
consumers. Its mission is to explore and drive Smart EV
transformation with technology and data, shaping the mobility
experience of the future. In order to optimize its customers’
mobility experience, XPeng develops in-house its full-stack
autonomous driving technology and in-car intelligent operating
system, as well as core vehicle systems including powertrain and
the electrification/electronic architecture. XPeng is headquartered
in Guangzhou, China, with main offices in Beijing, Shanghai,
Silicon Valley, San Diego and Amsterdam. The Company’s Smart EVs
are manufactured at its plant in Zhaoqing, Guangdong province. For
more information, please visit https://en.xiaopeng.com.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Statements
that are not historical facts, including statements about XPeng’s
beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: XPeng’s
goals and strategies; XPeng’s expansion plans; XPeng’s future
business development, financial condition and results of
operations; the trends in, and size of, China’s EV market; XPeng’s
expectations regarding demand for, and market acceptance of, its
products and services; XPeng’s expectations regarding its
relationships with customers, contract manufacturers, suppliers,
third-party service providers, strategic partners and other
stakeholders; general economic and business conditions; and
assumptions underlying or related to any of the foregoing. Further
information regarding these and other risks is included in XPeng’s
filings with the SEC. All information provided in this press
release is as of the date of this press release, and XPeng does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220208006289/en/
For Media Enquiries: Marie Cheung XPeng Inc. Tel: +852
9750 5170 / +86 1550 7577 546 Email: mariecheung@xiaopeng.com
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