(Yicai Global) July 6 -- Xiaomi is to grant company shares worth HKD3.1 billion (USD399 million) to over 100 core employees over the next few years in the Chinese smartphone and consumer electronics giant’s second staff incentive plan in less than a week as it aims to give its workforce access to the same high returns as the company’s founders.

Some 119.65 million shares will be distributed to 122 employees, including technicians, middle and senior management as well as recipients of the firm’s 10-Year Entrepreneur Program, between April 1, 2022 and April 1, 2030, according to a filing made to the Hong Kong bourse today.

Based on today’s closing stock price [HKG:1810] of HKD25.90 (USD3.33) apiece, this equates to a bonanza of HKD25.6 million (USD3.3 million) per employee.

Less than a week ago, Xiaomi said it would issue 70.2 million shares to 3,904 outstanding staff members, including young engineers and fresh graduates, between July 2 and July 2, 2025. The shares are worth over HKD1.8 billion (USD232 million) at the current market price.

Yesterday, Chinese software developer Kingsoft, whose chairman Lei Jun is the co-founder and chief executive officer of Beijing-based Xiaomi, granted each of its employees HKD26,130 (USD3,364) worth of company shares to celebrate 10 years of Lei’s leadership.

Editor: Kim Taylor