STRENGTH IN UNITY Corporate Governance and Other Information 42 Notes: 1. The PSUs granted will vest in favour of the relevant participants in three equal tranches over a period of three years commencing from 1 April 2023 based on fulfilment of relevant performance conditions over a two year period commencing from 1 January 2021 to 31 December 2022 (both dates inclusive). As disclosed in the Company’s annual general meeting circular dated 29 April 2022, the Company would seek to motivate and reward eligible participants in the Long Term Incentive Scheme for optimising their performance in areas including, but not limited to, total shareholder returns, total assets under management and making contributions to the Group. 2. In respect of the aggregate 2,900,000 RSUs granted to the relevant participants held at 30 June 2024, subject to the vesting conditions being met, 825,000 of the RSUs granted to Connected Grantees and 2,075,000 of the RSUs granted to Non-connected Grantees will vest in 2 equal tranches on 8 June of each of 2025 and 2026. 3. Please refer to note 28 to the Condensed Consolidated Financial Information for the fair value of awards at the date of grant and the accounting standard and policy adopted. No PSUs or RSUs were granted or lapsed for the six months ended 30 June 2024. 4. The weighted average closing price of the shares immediately before the dates on which the awards vested is HK$11.13 per share. 5. The purchase price for the shares underlying the PSUs/RSUs is nil. 6. The PSUs granted will vest in favour of the relevant Participants in three equal tranches over a period of three years commencing from 1 April 2025 based on fulfillment of relevant performance conditions over a two-year period commencing from 1 January 2023 to 31 December 2024 (both dates inclusive). 7. The RSUs (non-connected grantees) had a vesting schedule of five equal tranches on the Date of Grant, and 31 December each of 2023, 2024, 2025 and 2026. 8. In respect of the aggregate of 1,976,865 RSUs granted to the relevant participants held at 30 June 2024, subject to the vesting conditions being met: (i) 473,097 of the RSUs granted to Connected Grantees and 1,159,368 of the RSUs granted to Non-connected Grantees will vest in four equal tranches on 25 May of each of 2024, 2025, 2026 and 2027. (ii) 50,000 of the RSUs granted to Connected Grantees and 225,000 of the RSUs granted to Non-connected Grantees will vest in two equal tranches on 8 June of each 2025 and 2026; and (iii) 69,400 of the RSUs granted to Non-connected Grantees will vest on 1 October 2024 (the 1st tranche of 69,400 vested in FY2023). 9. The 561,820 RSUs granted to the Connected Grantees will vest in four equal tranches on 20 July of each of 2024, 2025, 2026 and 2027. During the six months ended 30 June 2024, there were no awards 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. As at 1 January 2024 and 30 June 2024, the number of options and awards available for grant under the Scheme Mandate Limit was 218,283,931 and 218,283,931, respectively, and the number of options and awards available for grant under the Service Provider Sublimit was 43,937,696 and 43,937,696, respectively. The number of Shares that may be issued in respect of options and awards granted under Post-IPO Share Option Scheme and Long Term Incentive Scheme of the Company divided by the weighted average number of ordinary Shares in issue (excluding treasury shares) for the six months ended 30 June 2024 is 0.43%. For the options and awards (“Grants”) granted during the six months ended 30 June 2024 with less than 12 months of vesting period, the Remuneration Committee considered it appropriate to award the Grants with vesting period of less than 12 months as those Grants would have been granted earlier but for administrative or compliance reasons, those were made in a subsequent batch with a view to putting the relevant Grantees in the same position as they would have been in had the Grants been made earlier.
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