CITIC Limited Half-Year Report 2019

133 Half-Year Report 2019 CITIC Limited A summary of the movements of the share options during the six months ended 30 June 2019 is as follows: A. Employees of CITIC Limited/CITIC Telecom under continuous contracts (as defined in the Employment Ordinance) Number of share options Date of grant Exercise period Balance as at 01.01.2019 Exercised during the six months ended 30.06.2019 (Note 1) Lapsed during the six months ended 30.06.2019 (Note 2) Balance as at 30.06.2019 24.03.2015 24.03.2016 – 23.03.2021 30,259,567 16,191,000 45,000 14,023,567 24.03.2015 24.03.2017 – 23.03.2022 34,580,250 15,200,500 59,000 19,320,750 24.03.2017 24.03.2018 – 23.03.2023 32,181,500 15,475,500 159,500 16,546,500 24.03.2017 24.03.2019 – 23.03.2024 39,470,000 16,134,000 175,000 23,161,000 B. Others (Note 3) Number of share options Date of grant Exercise period Balance as at 01.01.2019 Exercised during the six months ended 30.06.2019 (Note 4) Lapsed during the six months ended 30.06.2019 Balance as at 30.06.2019 24.03.2015 24.03.2016 – 23.03.2021 200,000 200,000 – – 24.03.2015 24.03.2017 – 23.03.2022 600,000 600,000 – – 24.03.2017 24.03.2018 – 23.03.2023 600,000 600,000 – – 24.03.2017 24.03.2019 – 23.03.2024 600,000 600,000 – – Notes: (1) The weighted average closing price of CITIC Telecom Shares immediately before the dates on which the options were exercised was HK$3.30. (2) These are in respect of options granted to some employees under continuous contracts who have subsequently resigned. Such options have lapsed during the six months ended 30 June 2019. (3) These are in respect of options granted to independent non-executive directors (including a former independent non-executive director) of CITIC Telecom who are not employees under continuous contracts. (4) The weighted average closing price of CITIC Telecom Shares immediately before the dates on which the options were exercised was HK$3.30.