南华集团控股(00413) - 2023 - 年度业绩

Announcement Overview This section provides an overview of the announcement, including company information and the context of the supplementary disclosure Company Information This announcement is issued by South China Holdings Company Limited, a company incorporated in the Cayman Islands with stock code 00413 - Company Name: South China Holdings Company Limited[1] - Place of Incorporation: Cayman Islands[1] - Stock Code: 00413[1] Announcement Context This announcement supplements the annual report of South China Holdings Company Limited for the year ended December 31, 2022, published on April 24, 2023, providing additional information on the employee share award scheme in accordance with the Listing Rules - This announcement serves as a supplement to the annual report for the year ended December 31, 2022[7][13] - It aims to provide additional information regarding the share award scheme in accordance with Listing Rules 17.09 and 17.12(2)[7] Details of Employee Share Award Scheme This section outlines the specifics of the employee share award scheme, covering its purpose, participant eligibility, share quantities, and key terms Purpose of the Scheme The share award scheme aims to recognize employee contributions, encourage retention to support the Group's operations and sustainable development, and attract suitable talent for future growth - Objectives include: (i) recognizing contributions of selected employees to the Group; (ii) encouraging selected employees to remain with the Group to support its operations and sustainable development; and (iii) attracting suitable talent for the Group's future development[4][7] Participant Eligibility The Board of Directors may from time to time select any employee of the Group to participate in the share award scheme - Participants are any employees of the Group as selected by the Board of Directors from time to time[15] Share Quantity and Entitlement As of the annual report date, the total number of shares available for grant under the scheme is 206,160,593, representing approximately 1.56% of the issued share capital, with no maximum entitlement set per selected participant Total Shares Available for Grant Under Share Award Scheme | Metric | Value | | :--- | :--- | | Number of shares available for grant (as of annual report date) | 206,160,593 shares | | Percentage of issued share capital (approx.) | 1.56% | - No maximum entitlement is set for each selected participant under the share award scheme[2][17] Scheme Terms The vesting period for share awards is determined by the Board, with no exercise period set; no payment is required to accept awards, and the purchase price is Board-determined; the scheme is effective for 15 years from March 18, 2011, with approximately 2.5 years remaining, and the trustee cannot exercise voting rights over shares held in trust - The vesting period for share awards will be determined by the Board at the time of grant; in case of a participant's death or retirement, all awarded shares and income are deemed vested immediately prior to the date of death or retirement[5][14] - No exercise period is set for the awarded shares[9] - No payment is required upon acceptance of a share award, and the purchase price for each awarded share will be determined by the Board at the time of grant[14] - The share award scheme is valid and effective for 15 years from March 18, 2011 (adoption date), with an approximate remaining term of 2.5 years[14][18] - The trustee may not exercise voting rights over any shares held in trust[10] Board of Directors This section details the composition of the company's Board of Directors as of the announcement date Current Board Composition As of the announcement date, the Board of Directors of South China Holdings Company Limited comprises executive directors, non-executive directors, and independent non-executive directors Board of Directors Member List | Executive Directors | Non-Executive Directors | Independent Non-Executive Directors | | :------------------ | :---------------------- | :---------------------------------- | | Mr. Ng Hung Sang | Ms. Ng Yuk Mui, Jessica | Ms. Tse Wong Siu Yin, Shirley | | Ms. Cheung Sai Oi | Mr. Ng Yuk Fung | Mr. Kam Yiu Sing | | Mr. Ng Yuk Yeung | Ms. Li Yuen Yu | Ms. Pong Oi Lan, BBS, JP | | | Mr. Yu Pui Hang | Mr. Wong Chun Tat, JP |