CITIC Limited Half-Year Report 2019

132 Half-Year Report 2019 CITIC Limited Since the adoption of the CITIC Telecom Share Option Plan, CITIC Telecom has granted the following share options: Date of grant Number of share options Exercise price per share Exercise period HK$ 23.05.2007 18,720,000 3.26 23.05.2007 – 22.05.2012 17.09.2009 17.09.2009 17,912,500 17,912,500 2.10 2.10 17.09.2010 – 16.09.2015 17.09.2011 – 16.09.2016 19.08.2011 19.08.2011 24,227,500 24,227,500 1.54 1.54 19.08.2012 – 18.08.2017 19.08.2013 – 18.08.2018 26.06.2013 81,347,000 2.25 26.06.2013 – 25.06.2018 24.03.2015 24.03.2015 43,756,250 43,756,250 2.612 2.612 24.03.2016 – 23.03.2021 24.03.2017 – 23.03.2022 24.03.2017 24.03.2017 45,339,500 45,339,500 2.45 2.45 24.03.2018 – 23.03.2023 24.03.2019 – 23.03.2024 Upon completion of the rights issue of CITIC Telecom on 7 June 2013, the exercise price and the number of CITIC Telecom Shares to be allotted and issued upon full exercise of the subscription rights attaching to the outstanding share options of CITIC Telecom as at 6 June 2013 have been adjusted (the “Adjustments”) in the following manner: Before Adjustments After Adjustments Date of grant Number of outstanding share options Exercise price per share Number of outstanding share options Exercise price per share HK$ HK$ 17.09.2009 19,451,000 2.10 21,438,072 1.91 19.08.2011 32,332,500 1.54 35,635,462 1.40 The grantees were directors, officers or employees of CITIC Telecom. None of these options were granted to the directors, chief executives or substantial shareholders of CITIC Limited. The share options granted on 23 May 2007, 17 September 2009, 19 August 2011 and 26 June 2013 have expired. The remaining options granted and accepted under the CITIC Telecom Share Option Plan can be exercised in whole or in part within 5 years from the date of commencement of the exercise period. No options were granted nor cancelled during the six months ended 30 June 2019. As at 1 January 2019, options for 138,491,317 CITIC Telecom Shares were outstanding under the CITIC Telecom Share Option Plan. During the six months ended 30 June 2019, options for 65,001,000 CITIC Telecom Shares were exercised, options for 438,500 CITIC Telecom Shares have lapsed but no option has been cancelled. As at 30 June 2019, options for 73,051,817 CITIC Telecom Shares under the CITIC Telecom Share Option Plan were exercisable.