ESR Group Limited Annual Report 2022 Notes to the Consolidated Financial Statements 31 December 2022 217 42. SHARE-BASED COMPENSATION PLAN (continued) A. Share Option Plan issued by the Company (continued) The exercise prices and exercise periods of the share options outstanding as at the end of each of the years ended 31 December 2022 and 2021 are as follows: Number of options 2022 2021 Exercise price Exercise period ’000 ’000 per share 7,800 24,700 US$0.4600 20-04-17 to 20-01-26 100 100 US$0.4722 01-01-23* to 22-02-29 13,767 15,659 US$0.9445 01-01-23* to 19-05-29 873 873 US$1.1453 16-08-23* to 15-08-28 948 948 US$1.3655 16-02-24* to 25-02-29 2,437 3,074 US$1.5172 20-05-24* to 19-05-29 6,650 6,650 HK$27.30 28-12-21 to 27-12-30 11,432 11,486 HK$24.50 23-08-21 to 22-08-31 384# — HK$22.78 08-06-22 to 07-06-32 44,391 63,490 * Participants will have an unconditional right to exercise an option to the extent that it is vested after the earliest of the followings: a) an IPO; b) an Early Vesting Event; c) 5 years of the date of grant. If there is (i) a sale of all or substantially all of the shares in; or (ii) a disposal of all or substantially all of the business of the member of the Group of which a participant is a director or by which the participant is employed, as appropriate, by way of trade sale or by way of sale to a third party (an “Early Vesting Event”), any options granted to the participant will vest in full on the occurrence of the Early Vesting Event. # Total share options of 384,000, at an exercise price of HK$22.78, were granted to the directors of Company, Jinchu Shen and Stuart Gibson on 8 June 2022, in equal amount. The share options will vest in three equal tranches on 8 June 2022, 8 June 2023 and 8 June 2024. The fair value of the share options granted during 2022 and 2021 was approximately US$434,412 (US$1.13 each) and US$12,281,408 (US$1.07 each), respectively. STRATEGIC REPORT FINANCIAL STATEMENT CORPORATE GOVERNANCE
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