Share Option Plan Details - The total number of options available under the new share option plan is 420,913,104 shares, accounting for approximately 10% of the total issued shares as of June 21, 2024, which is 4,209,131,046 shares[3]. - The service provider limit under the new share option plan is capped at 21,045,655 shares, which is 0.5% of the issued share capital as of the adoption date[4]. - Following the share consolidation effective on May 29, 2025, the total number of options available under the new share option plan will be adjusted to 42,091,310 shares[5]. - The total number of shares that may be issued under the share option plan and any other share plans combined cannot exceed 10% of the issued shares at any time without prior shareholder approval[8]. - The maximum number of shares that can be issued to any individual participant under the share option plan within any twelve-month period is limited to 1% of the total issued shares[9]. - The company has adopted a new share option plan effective June 21, 2024, following the expiration of the old plan on June 9, 2024[3]. - The company clarifies that the terms of the new share option plan should reflect the latest provisions adopted on June 21, 2024[5]. - Eligible participants for the share option plan include full-time and part-time employees, directors, and service providers who contribute to the company's long-term development[6]. - The company emphasizes that any options granted under the plan must not exceed 10% of the issued shares without prior shareholder approval[8]. - The company will not issue more than 0.1% of the issued shares to major shareholders or independent non-executive directors without prior shareholder approval[9]. Option Exercise Conditions - The company requires option holders to hold their options for at least 12 months before exercising them[10]. - Options must be accepted within 28 days from the grant date, with a payment of HKD 1 required[10]. - All unexercised options will vest within one year from the grant date[10].
拉近网娱(08172) - 2025 - 年度业绩