92 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 27. SHARE CAPITAL (continued) 30 June 2024 31 December 2023 (Unaudited) (Audited) US$’000 US$’000 Issued and fully paid 4,213 4,280 A summary of movements in the Company’s share capital is as follows: Number of shares in issue Share capital Share premium account Total US$’000 US$’000 US$’000 At 1 January 2023 4,422,264,192 4,422 6,448,219 6,452,641 Conversion of convertible bonds 196,150 —* 800 800 Share-based compensation plan exercised (note (i), (ii), (iii)) 2,485,818 3 5,805 5,808 Share repurchased and cancellation (note (iv)) (144,501,600) (145) (217,625) (217,770) At 31 December 2023 (audited) and 1 January 2024 4,280,444,560 4,280 6,237,199 6,241,479 Share-based compensation plan exercised (note (i), (ii), (v)) 857,605 —* 6,047 6,047 Share repurchased and cancellation (note (vi)) (67,949,200) (67) (72,158) (72,225) At 30 June 2024 (unaudited) 4,213,352,965 4,213 6,171,088 6,175,301 * Denotes less than US$1,000 Notes: (i) Pursuant to the rules and trust deed of the Long Term Incentive Scheme (“LTI Scheme”) adopted on 2 June 2021, the trustee of the LTI Scheme had purchased on the Hong Kong Stock Exchange a total of 2,475,000 shares (31 December 2023: 3,559,146 shares) of the Company at a total consideration of US$2,647,000 (31 December 2023: US$5,613,000) during the year ended 31 December 2023. (ii) During the period ended 30 June 2024, the Company paid withholding tax of US$26,000 (31 December 2023: US$84,000) in relation to share options exercised. The withholding tax expense was recorded in share premium account. (iii) 1,967,705 shares were issued by the Company in satisfaction of 4,650,902 share options exercised in 2023 at the exercise price of US$0.96 per share and 518,113 shares were issued by the Company in satisfaction of 3,297,622 award RSUs and PSUs granted under the Long Term Incentive Scheme vested in 2023 (note 28). An amount of US$11,618,000 was transferred from the share-based payment reserve to share capital and share premium upon the exercise of the share-based compensation plan. (iv) During the year ended 31 December 2023, the Company repurchased 151,674,000 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$217,770,000. 138,851,600 shares have been cancelled before the reporting date of 31 December 2023 and 12,822,400 shares were cancelled subsequent to the reporting date in January 2024, the amount paid for the purchase of the shares has been charged to share capital and share premium. (v) 488,525 shares were issued by the Company in satisfaction of 1,437,598 share options exercised in 2024 at the exercise price of US$0.91 per share and 369,080 shares were issued by the Company in satisfaction of 2,988,963 award RSUs and PSUs granted under the Long Term Incentive Scheme vested in 2024 (note 28). An amount of US$8,720,000 was transferred from the share-based payment reserve to share capital and share premium upon the exercise of the share-based compensation plan. (vi) During the period ended 30 June 2024, the Company repurchased 55,126,800 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$72,225,000. These shares have been cancelled before the reporting date of 30 June 2024, the amount paid for the purchase of the shares has been charged to share capital and share premium.
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