ESR IR 2021 - EN

77 ESR Interim Report 2021 Notes to Condensed Consolidated Financial Information 30 June 2021 23. SHARE OPTION PLAN 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 2021: Weighted average exercise price Number of options US$ ’000 At 1 January 2020 82,174 Granted during the year 3.52 6,650 Forfeited during the year 1.52 (91) Exercised during the year 0.69 (31,594) At 31 December 2020 (audited) and at 1 January 2021 57,139 Granted during the period – Forfeited during the period 0.94 (273) Exercised during the period 1.20 (930) At 30 June 2021 (unaudited) 55,936 The weighted average share price at the date of exercise for share options exercised during the six months ended 30 June 2021 was HK$24.87 (31 December 2020: HK$20.23) per share. The exercise prices and exercise periods of the share options outstanding as at 30 June 2021 and 31 December 2020 are as follows: Number of options (’000) Exercise price per share Exercise period 30 June 2021 31 December 2020 24,700 24,700 US$0.4600 20–04–17 to 20–01–26 250 250 US$0.4722 01–01–23* to 22–02–29 19,278 20,074 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 3,237 3,644 US$1.5172 20–05–24* to 19–05–29 6,650 6,650 HK$27.30 21–12–28 to 30–12–28 55,936 57,139 * 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.