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[4]. - As of December 31, 2022, the remaining number of restricted shares available for grant under the plan is 15,887,637 shares, accounting for approximately 1.75% of the issued shares at that date[4]. - The maximum benefit for each participant is limited to 0.25% of the total issued share capital of the company as per the trust agreement related to the plan[5]. - The plan aims to recognize and reward employees for their contributions, attract, motivate, and retain employees, aligning their interests with the long-term development of the company[15]. - The current plan is effective from May 31, 2021, and will expire on June 30, 2024[15]. - No restricted shares granted under the plan were canceled, lapsed, or forfeited during the fiscal year ending December 31, 2022[18]. - The plan allows for the vesting of restricted share awards in three tranches, with each tranche representing one-third of the total awarded shares[10]. - The fair value of the restricted share awards granted during the year is detailed in the financial statements' note 24[20]. - The company has granted restricted share awards to five highest-paid individuals, including executive directors[11]. - The weighted average closing price of the shares on the day before the vesting of the share awards was HKD 1.27[22].
鸿兴印刷集团(00450) - 2023 - 年度业绩