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CITIC LIMITED
Statutory Disclosure
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Share Option Plan Adopted by Subsidiaries of the Company
CITIC Telecom International Holdings Limited (“CITIC Telecom”)
CITIC Telecom adopted a share option plan (“CITIC Telecom Share Option Plan”) on 17 May 2007. As approved at
the annual general meeting of CITIC Telecom held on 25 April 2014, the mandate limit is refreshed so that taking
into account the overriding limit of the CITIC Telecom Share Option Plan, the total number of shares of CITIC
Telecom (“CITIC Telecom Shares”) which may be issued upon the exercise of all options to be granted under the
CITIC Telecom Share Option Plan, together with all outstanding options granted and yet to be exercised as at
25 April 2014, shall not exceed 333,505,276 CITIC Telecom Shares, being 10% of the number of CITIC Telecom
Shares in issue as at the date of approval of the refreshment of the mandate limit.
Since the adoption of the CITIC Telecom Share Option Plan, CITIC Telecom has granted the following share
options:
Date of grant
Number of
share options
Exercise price
per share
Exercise period
HK$
23.05.2007
18,720,000
3.26
23.05.2007 – 22.05.2012
17.09.2009
17,912,500
2.10
17.09.2010 – 16.09.2015
17.09.2009
17,912,500
2.10
17.09.2011 – 16.09.2016
19.08.2011
24,227,500
1.54
19.08.2012 – 18.08.2017
19.08.2011
24,227,500
1.54
19.08.2013 – 18.08.2018
26.06.2013
81,347,000
2.25
26.06.2013 – 25.06.2018
24.03.2015
43,756,250
2.612
24.03.2016 – 23.03.2021
24.03.2015
43,756,250
2.612
24.03.2017 – 23.03.2022
Upon completion of the rights issue of CITIC Telecom on 7 June 2013, the exercise price and the number of
CITIC Telecom Shares to be allotted and issued upon full exercise of the subscription rights attaching to the
outstanding share options of CITIC Telecom as at 6 June 2013 have been adjusted (the “Adjustments”) in the
following manner:
Before Adjustments
After Adjustments
Date of grant
Number of
outstanding
share options
Exercise price
per share
Number of
outstanding
share options
Exercise price
per share
HK$
HK$
17.09.2009
19,451,000
2.10
21,438,072
1.91
19.08.2011
32,332,500
1.54
35,635,462
1.40
The grantees were directors, officers or employees of CITIC Telecom. None of these options were granted to the
directors, chief executives or substantial shareholders of the Company.
The share options granted on 23 May 2007 have expired at the close of business on 22 May 2012 and the first
50% of the share options granted on 17 September 2009 have expired at the close of business on 16 September
2015. The remaining options granted and accepted under the CITIC Telecom Share Option Plan can be exercised
in whole or in part within 5 years from the date of commencement of the exercise period.