FORWARD TOGETHER 86 Notes to Condensed Consolidated Financial Information 30 June 2023 27. SHARE-BASED COMPENSATION PLAN A. Share Option Plan The following share options were outstanding under the share option plans including KM ESOP, Tier 1 ESOP and Post-IPO Share Option Scheme (the “Plans”) during the six months ended 30 June 2023: Weighted average exercise price Number of options US$ ’000 At 1 January 2022 63,490 Granted during the year 2.92 384 Forfeited during the year 2.52 (86) Exercised during the year 0.54 (19,397) At 31 December 2022 (audited) and at 1 January 2023 44,391 Forfeited during the period 3.04 (254) Exercised during the period 0.96 (4,313) At 30 June 2023 (unaudited) 39,824 The weighted average share price at the date of exercise for share options exercised during the six months ended 30 June 2023 was HK$13.11 (31 December 2022: HK$16.70) per share. The exercise prices and exercise periods of the share options outstanding as at 30 June 2023 and 31 December 2022 are as follows: Number of options (’000) Exercise price per share Exercise period 30 June 2023 31 December 2022 7,800 7,800 US$0.4600 20–04–17 to 20–01–26 100 100 US$0.4722 01–01–23* to 22–02–29 9,565 13,767 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 2,310 2,437 US$1.5172 20–05–24* to 19–05–29 6,650 6,650 HK$27.30 28–12–21 to 27–12–30 11,194 11,432 HK$24.50 23–08–21 to 22–08–31 384# 384# HK$22.78 08–06–22 to 07–06–32 39,824 44,391 * 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.
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