ESR Group Limited Annual Report 2022 Directors’ Report 101 (xi) Exercise price, grant date and vesting schedule Number of options Date of grant Exercise price Closing price immediately preceding the date of grant Vesting period Exercise period Held at 1 January 2022 Granted during the year Exercised during the year Cancelled during the year Lapsed during the year Held at 31 December 2022 (Note) Directors 8 June 2022 HK$22.78 HK$22.50 vest in three equal tranches on each of 8 June 2022, 8 June 2023 and 8 June 2024 8 June 2022 to 7 June 2032 Mr Jinchu Shen – 192,000 – – – 192,000 Mr Stuart Gibson – 192,000 – – – 192,000 Subtotal – 384,000 – – – 384,000 Management other than Directors and employees 28 December 2020 HK$27.30 HK$27.10 vest in three equal tranches on each of 28 December 2021, 28 December 2022 and 28 December 2023 28 December 2021 to 27 December 2030 6,650,000 – – – – 6,650,000 23 August 2021 HK$24.50 HK$23.80 vest in three equal tranches on each of 23 August 2021, 23 August 2022 and 23 August 2023 23 August 2021 to 22 August 2031 11,485,600 – – (53,400) – 11,432,200 Subtotal 18,135,600 – – (53,400) – 18,082,200 Grand total 18,135,600 384,000 – (53,400) – 18,466,200 Note: During the year ended 31 December 2022, a total of 384,000 Share Options were granted to directors under the Post-IPO Share Option scheme with a fair value on the date of grant of approximately HK$8.88 (approximately US$1.13) per Share Option. Details of the fair value are set out in Note 42 of the Consolidated Financial Information. There were no awards granted to service provider or any participants in excess of the 1% individual limit during the year. 4. Long Term Incentive Scheme The following is a summary of the principal terms of the long term incentive scheme (the “Long Term Incentive Scheme”) adopted and approved by our Shareholders at an annual general meeting held on 2 June 2021 (the “Adoption Date”). (i) Purpose The purpose of the Long Term Incentive Scheme is to attract skilled and experienced personnel, to incentivise them to remain with the Group and to motivate them to strive for the future development and expansion of the Group by providing them with the opportunity to acquire equity interests in the Company. STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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