ESR Group Limited Interim Report 2024 Corporate Governance and Other Information 33 (ix) Time of exercise of an option An option may, subject to the terms and conditions upon which such option is granted, be exercised in whole or in part by the Grantee giving notice in writing to the Company in such form as the Board may from time to time determine stating that the option is thereby exercised and the number of Shares in respect of which it is exercised. (x) Duration The Post-IPO Share Option Scheme shall be valid and effective for the period of 10 years commencing on the date of adoption of the Post-IPO Share Option Scheme. The remaining life of the Post-IPO Share Option Scheme is about 5 years and 2 months as at the date of this report. (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 2024 Granted during the period Exercised during the period Cancelled during the period Lapsed during the period Held at 30 June 2024 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 — — — (500,000) 6,150,000 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 11,194,200 — — — (158,900) 11,035,300 Subtotal 17,844,200 — — — (658,900) 17,185,300 Total 18,228,200 — — — (658,900) 17,569,300 No share options were granted, exercised or cancelled under Post-IPO Share Option Scheme during the six months ended 30 June 2024. No performance targets are applicable to the share options granted under Post-IPO Share Option Scheme. Save as disclosed above, no other share option schemes were entered into by the Company. During the six months ended 30 June 2024, there were no options granted to (i) service provider in excess of 0.1% of the Company’s issued Shares over the 12-month period ended 30 June 2024, or (ii) any participants in excess of the 1% individual limit.
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