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CITIC LIMITED
Statutory Disclosure
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CITIC Resources Holdings Limited (“CITIC Resources”)
CITIC Resources adopted a share option scheme on 30 June 2004 (the “Old Scheme”) for a term of ten years,
which expired on 29 June 2014. The share options that have been granted under the Old Scheme and remained
outstanding as at the date of expiry of the Old Scheme remain valid and exercisable subject to and in accordance
with the terms of the Old Scheme.
To enable CITIC Resources to continue to grant share options as an incentive or reward to eligible persons, a new
share option scheme was adopted by CITIC Resources on 27 June 2014 (the “New Scheme”).
The following share options, which were granted under the Old Scheme, remained outstanding as at 30 June
2016:
Date of grant
Number of
share options
Exercise price
per share
Exercise period
HK$
06.11.2013
200,000,000
(Note)
1.770
06.11.2014 – 05.11.2018
06.11.2013
200,000,000
(Note)
1.770
06.11.2015 – 05.11.2018
Note:
The share options are subject to the following vesting conditions:
(i)
50% of the share options vest and are exercisable with effect from the first anniversary of the date of grant; and
(ii)
the remaining 50% of the share options vest and are exercisable with effect from the second anniversary of the date of grant.
The grantee was a director of CITIC Resources. No share option was granted, exercised, lapsed or cancelled
during the period. As at 30 June 2016, CITIC Resources had 400,000,000 share options outstanding under the Old
Scheme.
No share options were granted under the New Scheme during the six months ended 30 June 2016.