Restricted Share Plan - The total number of restricted shares that can be granted under the plan is capped at 18,157,299 shares, representing 2% of the company's issued share capital as of July 1, 2021[15]. - As of December 31, 2023, the remaining number of restricted shares available for grant under the plan is 15,887,637 shares, which is approximately 1.75% of the issued shares at that date[15]. - No restricted shares were cancelled, lapsed, or forfeited under the plan for the year ended December 31, 2023[20]. - Five highest-paid individuals received restricted share awards, including executive directors, with a total of 3,249,302 shares granted[21]. - The fair value of the restricted share awards granted during the year is detailed in the financial statements, with the weighted average closing price of shares prior to the vesting date being HKD 1.13[27][22]. - The vesting of any awarded restricted shares is divided into three tranches, with the first tranche vesting 30 days after the first anniversary of the grant date[10]. - The plan aims to recognize and reward employees for their contributions and align their interests with the long-term development of the company[13]. - The current plan is effective from July 1, 2021, and will expire on June 30, 2024[13]. - The maximum benefit for each participant under the plan cannot exceed 0.25% of the company's issued share capital as of the renewal date[16]. - The weighted average closing price of shares on the day before the vesting date was HKD 1.13[27].
鸿兴印刷集团(00450) - 2024 - 年度业绩