NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION For the six months ended 30 June 2022 25. SHARE-BASED COMPENSATION PLAN A. 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 2022: Weighted average exercise price Number of options US$ ’000 At 1 January 2021 57,139 Granted during the year 3.15 11,486 Forfeited during the year 0.99 (298) Exercised during the year 0.99 (4,837) At 31 December 2021 (audited) and at 1 January 2022 63,490 Granted during the period 2.90 384# Exercised during the period 1.07 (2,284) At 30 June 2022 (unaudited) 61,590 The weighted average share price at the date of exercise for share options exercised during the six months ended 30 June 2022 was HK$24.48 (31 December 2021: HK$25.11) per share. The exercise prices and exercise periods of the share options outstanding as at 30 June 2022 and 31 December 2021 are as follows: Number of options (’000) Exercise price per share Exercise period 30 June 2022 31 December 2021 24,700 24,700 US$0.4600 20-04-17 to 20-01-26 100 100 US$0.4722 01-01-23* to 22-02-29 13,863 15,659 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 2,586 3,074 US$1.5172 20-05-24* to 19-05-29 6,650 6,650 HK$27.30 28-12-21 to 27-12-30 11,486 11,486 HK$24.50 23-08-21 to 22-08-31 384# – HK$22.78 08-06-22 to 07-06-32 61,590 63,490 * 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. # 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. E S R G R O U P L I M I T E D I N T E R I M R E P O R T 2 0 2 2 83
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