ESR IR 2021 - EN

76 STEP FORWARD Notes to Condensed Consolidated Financial Information 30 June 2021 22. SHARE CAPITAL 30 June 31 December 2021 2020 (Unaudited) (Audited) Authorised number of shares 8,000,000,000 8,000,000,000 30 June 31 December 2021 2020 (Unaudited) (Audited) US$’000 US$’000 Issued and fully paid 3,060 3,060 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 2020 3,036,584,643 3,037 2,042,526 2,045,563 Share options exercised (note (i)) 23,766,674 24 22,502 22,526 Share repurchased and cancellation (note (ii)) (536,400) (1) (893) (894) At 31 December 2020 (audited) and 1 January 2021 3,059,814,917 3,060 2,064,135 2,067,195 Share options exercised (note (iii), (iv)) 498,279 –* (784) (784) At 30 June 2021 (unaudited) 3,060,313,196 3,060 2,063,351 2,066,411 * The amount is less than US$1,000. Notes: (i) 23,766,674 shares were issued by the Company for a total cash consideration, before expenses, of US$1,158,000 in satisfaction of 31,593,589 share options exercised in 2020 at the exercise price of US$0.69 per share (note 23). An amount of US$21,368,000 was transferred from the share option reserve to share capital and share premium upon the exercise of the share options. (ii) The Company repurchased 536,400 of its own shares on the Hong Kong Stock Exchange for a consideration of approximately US$894,000. The repurchased shares have been cancelled and the amount paid for the purchase of the shares has been charged to share capital and share premium. (iii) 498,279 shares were issued by the Company for a nil cash consideration in satisfaction of 930,075 share options exercised in 2021 at the exercise price of US$1.20 per share (note 23). An amount of US$529,000 (before tax of US$81,000) was transferred from the share option reserve to share capital and share premium upon the exercise of the share options. (iv) During the six months ended 30 June 2021, the Company paid withholding tax of US$1,232,000 in relation to share options exercised in the previous financial year. The withholding tax expense was recorded in share premium account.