Notes to Condensed Consolidated Financial Information 30 June 2024 93 ESR Group Limited Interim Report 2024 28. SHARE-BASED COMPENSATION PLAN A. Share Option Plan issued by the Company The following share options were outstanding under the share option plans including KM ESOP, Tier 1 ESOP and Post-IPO Share Option Scheme (the “Plans”) during the six months ended 30 June 2024: Weighted average exercise price Number of options US$ ’000 At 1 January 2023 44,391 Forfeited during the year 2.79 (304) Exercised during the year 0.96 (4,651) At 31 December 2023 (audited) and at 1 January 2024 39,436 Forfeited during the period 3.29 (712) Exercised during the period 0.91 (1,438) At 30 June 2024 (unaudited) 37,286 The weighted average share price at the date of exercise for share options exercised during the six months ended 30 June 2024 was HK$11.08 (31 December 2023: HK$12.87) per share. The exercise prices and exercise periods of the share options outstanding as at 30 June 2024 and 31 December 2023 are as follows: Number of options (’000) Exercise price per share Exercise period 30 June 2024 31 December 2023 7,800 7,800 US$0.4600 20–04–17 to 20–01–26 — 100 US$0.4722 01–01–23* to 22–02–29 7,889 9,227 US$0.9445 01–01–23* to 19–05–29 873 873 US$1.1453 16–08–23* to 15–08–28 948 948 US$1.3655 16–02–24* to 25–02–29 2,207 2,260 US$1.5172 20–05–24* to 19–05–29 6,150 6,650 HK$27.30 28–12–21 to 27–12–30 11,035 11,194 HK$24.50 23–08–21 to 22–08–31 384# 384# HK$22.78 08–06–22 to 07–06–32 37,286 39,436 * Participants will have an unconditional right to exercise an option to the extent that it is vested after the earliest of the followings: a) an IPO; b) an Early Vesting Event; c) 5 years of the date of grant. If there is (i) a sale of all or substantially all of the shares in; or (ii) a disposal of all or substantially all of the business of the member of the Group of which a participant is a director or by which the participant is employed, as appropriate, by way of trade sale or by way of sale to a third party (an “Early Vesting Event”), any options granted to the participant will vest in full on the occurrence of the Early Vesting Event. # Total share options of 384,000, at an exercise price of HK$22.78, were granted to the directors of Company, Jinchu Shen and Stuart Gibson on 8 June 2022, in equal amount. The share options will vest in three equal tranches on 8 June 2022, 8 June 2023 and 8 June 2024.
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