XD Inc. — Director's Dealing 2022

Apr 11, 2022

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 April 11, 2022, a total of 906,802 share options (the “ Options ”) were granted by the Company under the share option plan adopted on June 25, 2021 to certain eligible participants (the “ Grantees ”) 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: April 11, 2022 Number of Options granted: 906,802 (each Option shall entitle the holder to subscribe for one Share) Exercise price of Options granted: HK$25.04 per Share Closing price of the Share on the date HK$23.70 per Share of grant:

Average closing price of the Shares for the HK$25.04 per Share five business days immediately preceding 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 245,964 Options were granted to the directors, chief executives and/or substantial shareholder 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_(Note)_	122,982
Mr. DAI Yunjie	Executive director and president_(Note)_	122,982

Note: Mr. HUANG Yimeng and Mr. DAI Yunjie are also substantial shareholders of the Company.

The grant of Options to the above directors, chief executive and substantial shareholders of the Company has been approved by the independent non-executive directors of the Company 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, April 11, 2022

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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