CITIC Limited Half-Year Report 2019

134 Half-Year Report 2019 CITIC Limited Dah Chong Hong Holdings Limited (“Dah Chong Hong”) Dah Chong Hong adopted the Share Option Scheme (the “DCHH Scheme”) on 28 September 2007. Since the adoption of the DCHH Scheme, Dah Chong Hong has granted the following share options: Date of grant Number of share options Exercise price per share Exercise period HK$ 07.07.2010 23,400,000 4.766 07.07.2010 – 06.07.2015 08.06.2012 24,450,000 7.400 08.06.2013 – 07.06.2017* 30.04.2014 28,200,000 4.930 30.04.2015 – 29.04.2019* * Subject to a vesting scale The share options granted on 7 July 2010, 8 June 2012 and 30 April 2014 had expired by the close of business on 6 July 2015, 7 June 2017 and 29 April 2019 respectively. Of the share options granted on 30 April 2014, 27,850,000 were accepted and 350,000 were not as at the latest date of acceptance pursuant to the scheme rules (i.e. 28 May 2014). The share options granted are subject to a vesting scale. 25% of the options granted will vest on the first anniversary of the date of grant. A further 25% will vest on the second anniversary of the date of grant and the remaining 50% of the share options granted will vest on the third anniversary of the date of grant. The vested options are exercisable in whole or in part within five years from the date of grant. The closing price of the shares of Dah Chong Hong immediately before the grant on 30 April 2014 was HK$4.91 per share. The share options expired by the close of business on 29 April 2019. The grantees were certain directors or employees of Dah Chong Hong group working under continuous contracts (as defined in the Employment Ordinance). None were granted to the directors, chief executives or substantial shareholders of CITIC Limited. A. Employees of the Dah Chong Hong group working under continuous contracts (as defined in the Employment Ordinance) Number of share options Date of grant Exercise price per share Balance as at 01.01.2019 Granted during the six months ended 30.06.2019 Cancelled during the six months ended 30.06.2019 Lapsed during the six months ended 30.06.2019 Exercised during the six months ended 30.06.2019 Balance as at 30.06.2019 HK$ 30.04.2014 4.93 6,800,000 (Note 2) – – (6,800,000) – –