Li Auto Issues 22.64 Million Class A Ordinary Shares for Equity Incentives

Li Auto Inc. (HKEX: 02015) announced that on February 26, 2026, it will issue 22,642,000 Class A ordinary shares to the depositary for future conversion into corresponding American Depositary Shares (ADSs) upon exercise or vesting of awards granted under its 2019 and 2020 share incentive plans. This issuance does not involve any new fundraising and is primarily intended to satisfy share requirements under the company’s employee equity incentive plans.