XD Inc. — Capital/Financing Update 2021

Oct 11, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

XD Inc. 心动有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2400)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors (the “ Board ”) of XD Inc. (the “ Company ”) announces that on October 11, 2021, a total of 1,023,821 share options (the “ Options ”) were granted by the Company under the share option plan adopted on June 25, 2021 to certain eligible participants to subscribe for ordinary shares of US$0.0001 each of the Company (the “ Share(s) ”). Details of the Options granted are as follows:

Date of grant : October 11, 2021 Number of Options granted : 1,023,821 (each Option shall entitle the holder to subscribe for one Share)

Exercise price of Options : HK$46.90 per Share granted Closing price of the Share on : HK$46.90 per Share the date of grant Validity period of the Options : Ten years from the date of grant

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Among the Options granted above, a total of 104,714 Options were granted to the directors of the Company, details of which are as follows:

		Number
		of Options
Name of Grantees	Position in the Company	granted
Mr. Huang Yimeng	Chairman of the Board, chief executive officer and
	executive director	64,705
Mr. Dai Yunjie	Executive director and president	40,009

The grant of Options to the above directors has been approved by the independent nonexecutive directors in accordance with Rule 17.04(1) of the Listing Rules.

Save as disclosed above, none of the grantees is a director, chief executive or substantial shareholder of the Company or an associate (as defined under the Listing Rules) of any of them.

By order of the Board XD INC. HUANG Yimeng Chairman and Chief Executive Officer

Shanghai, China, October 11, 2021

As at the date of this announcement, the Board comprises Mr. HUANG Yimeng, Mr. DAI Yunjie and Mr. FAN Shuyang as executive Directors, Mr. LIU Wei as non-executive Director and Mr. PEI Dapeng, Mr. XIN Quandong and Ms. LIU Qianli as independent non-executive Directors.

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