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CITIC LIMITED
Statutory Disclosure
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Dah Chong Hong Holdings Limited (“DCH Holdings”)
DCH Holdings adopted the Share Option Scheme (the “Scheme”) on 28 September 2007. Since the adoption of
the Scheme, DCH Holdings has granted the following share options:
Date of grant
Number of
share options
Exercise price
per share
Exercise period
HK$
07.07.2010
23,400,000
4.766
07.07.2010 – 06.07.2015
08.06.2012
24,450,000
7.400
08.06.2013 – 07.06.2017*
30.04.2014
28,200,000
4.930
30.04.2015 – 29.04.2019*
*
Subject to a vesting scale
The share options granted on 7 July 2010 has expired by the close of business on 6 July 2015.
Of the share options granted on 8 June 2012, 24,250,000 were accepted and 200,000 were not as at the latest
date of acceptance pursuant to the scheme rules (i.e. 5 July 2012). The share options granted are subject to a
vesting scale. 25% of the share options granted will vest on the first anniversary of the date of grant. Further 25%
will vest on the second anniversary of the date of grant and the remaining 50% of the share options granted will
vest on the third anniversary of the date of grant. The vested options are exercisable in whole or in part within 5
years from the date of grant. The closing price of DCH Holdings’ shares immediately before the grant on 8 June
2012 was HK$7.49 per share.
Of the share options granted on 30 April 2014, 27,850,000 were accepted and 350,000 were not as at the latest
date of acceptance pursuant to the scheme rules (i.e. 28 May 2014). The share options granted are subject to a
vesting scale. 25% of the options granted will vest on the first anniversary of the date of grant. Further 25% will
vest on the second anniversary of the date of grant and the remaining 50% of the share options granted will vest
on the third anniversary of the date of grant. The vested options are exercisable in whole or in part within five
years from the date of grant. The closing price of DCH Holdings’ shares immediately before the grant on 30 April
2014 was HK$4.91 per share.
The grantees were certain directors or employees of DCH Holdings group working under continuous contracts
(as defined in the Employment Ordinance). None were granted to the directors, chief executives or substantial
shareholders of the Company. As at 1 January 2016, options for 48,100,000 DCH Holdings’ shares were
outstanding under the Scheme. During the six months ended 30 June 2016, 900,000 share options were lapsed
and none of the share options under the Scheme were exercised and cancelled. As at 30 June 2016, options for
36,400,000 DCH Holdings’ shares under the Scheme were exercisable.