Optimizing Terminal Assets Portfolio
Incentive Scheme - Aligning Shareholders' Interests
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A total of about 53 million share options were granted to around 238 eligible employees under
the share option scheme on 19 June 2018
Exercising criteria are in line with shareholders' interests
Batch No. of
Percentage of
Exercise Period
Share Options Vested Options Vested
Return on
Net Assets 3
Growth Rate
of Revenue
EVA Indicator
3
1st batch
33.3%
1
Commencing on the first trading day after the expiration of
the Restriction Period ¹ and ending on the last trading day of
60 months from the Grant Date 2
≥ 6.0% 4
≥ 15.0% 5
Must reach
assessment target
6
2nd batch
33.3%
Commencing on the first trading day after the expiration of
the 36 months from the Grant Date and ending on the last
trading day of 60 months from the Grant Date 2
≥ 6.5% 4
≥ 25.0% 5
Must reach
assessment target
and EVA > 0
6
3rd batch
33.4%
Commencing on the first trading day after the expiration of
the 48 months from the Grant Date and ending on the last
trading day of 60 months from the Grant Date 2
≥ 7.0% 4
≥ 40.0% 5
Must reach
assessment target
and EVA > 0
6
Notes:
1. Restriction Period refers to Share Options cannot be exercised during the two-year period commencing from the Grant Date.
2. Grant Date is 19 June 2018.
3. The figure shall not be lower than the average of the selected peer benchmark enterprises.
4.
6.
Return on net assets (after extraordinary gains and losses) in the financial year immediately preceding the vesting of the Share Options.
5. Growth rate of revenue in the financial year immediately preceding the vesting of the Share Options as compared to that in the financial year immediately preceding the Grant Date.
The EVA indicator accomplished for the financial year immediately preceding the vesting of the Share Options.
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