CITIC Limited Half-Year Report 2019

136 Half-Year Report 2019 CITIC Limited CITIC Envirotech Ltd. (“CITIC Envirotech”) CITIC Envirotech is a company incorporated in Singapore and whose shares are listed on the main board of the Singapore Exchange Securities Trading Limited. It adopted the Employee Share Option Scheme (the “Scheme”) on 2 February 2010. Since the adoption of the Scheme, CITIC Envirotech has granted the following share options: Date of grant Number of share options Exercise price per share Exercise period S$ 01.03.2010 4,375,000 0.2780 01.03.2011 – 01.03.2020 01.03.2010 4,375,000 0.2224 01.03.2012 – 01.03.2020 20.07.2010 1,500,000 0.3830 20.07.2011 – 20.07.2020 20.07.2010 1,500,000 0.3064 20.07.2012 – 20.07.2020 15.02.2013 49,950,000 0.552 15.02.2015 – 15.02.2023 28.03.2013 12,000,000 0.584 28.03.2015 – 28.03.2023 25.07.2014 6,000,000 1.135 25.07.2016 – 25.07.2024 25.04.2018 18,364,000 0.563 25.04.2020 – 25.04.2028 Under the Scheme, the ordinary shares of CITIC Envirotech under option may be exercised in full or a multiple thereof, on the payment of the exercise price. On 1 February 2017, CITIC Envirotech split every one existing ordinary share in its share capital into two shares. The grantees were certain directors and employees of CITIC Envirotech. None were granted to the directors, chief executives or substantial shareholders of CITIC Limited. As at 1 January 2019, 37,995,200 (post-split) ordinary shares of CITIC Envirotech under option were outstanding. During the six months ended 30 June 2019, no share options were granted under the Scheme, 11,974,000 (post-split) ordinary shares under option were exercised, 18,164,000 (post-split) ordinary shares under option were cancelled and none of the (post-split) ordinary shares under option have lapsed. As at 30 June 2019, 7,857,200 (post-split) ordinary shares of CITIC Envirotech under option were exercisable.