ESR Group Limited Interim Report 2023 Notes to Condensed Consolidated Financial Information 30 June 2023 89 27. SHARE-BASED COMPENSATION PLAN (continued) C. Long Term Incentive Scheme (continued) On 7 June 2023, the shareholders of the Company has approved at the 2023 annual general meeting (the "2023 AGM”) to amend certain terms of the Long Term Incentive Scheme of which the maximum aggregate number of Shares which may be allotted and issued or transferred under Long Term Incentive Scheme when aggregated with the maximum number of Shares which may be allotted and issued or transferred under Other Schemes must not exceed 5% of the total number of Shares in issue as at (a) the 2023 AGM, being 219,688,481 Shares; or (b) the New Approval Date (the "Scheme Mandate Limit”). The maximum aggregate number of Shares which may be allotted and issued or transferred under Long Term Incentive Scheme to Service Providers when aggregated with the maximum number of Shares which may be allotted and issued or transferred under Other Schemes to Service Providers must not exceed 1% of the total number of Shares in issue as at (a) the 2023 AGM, being 43,937,696 Shares; or (b) the New Approval Date (the "Service Provider Sublimit”). The following awarded shares were outstanding under the Long Term Incentive Scheme during the six months ended 30 June 2023: Weighted average share price at grant date Number of awarded shares HK$ ’000 At 1 January 2022 – Granted during the year 23.25 14,406 Cancelled during the year 24.35 (90) Vested during the year 23.99 (594) At 31 December 2022 (audited) and at 1 January 2023 13,722 Granted during the period 11.44 6,857 Cancelled during the period 23.73 (4,028) Vested during the period 22.28 (3,228) At 30 June 2023 (unaudited) 13,323 The share price at grant date and vesting periods of the awarded shares outstanding under the Long Term Incentive Scheme outstanding as at 30 June 2023 and 31 December 2022 are as follows: Number of awarded shares (’000) Share price at grant date per share Vesting period 30 June 2023 31 December 2022 1,021 4,267 HK$24.35 23–02–22 to 30–06–25 5,687 9,455 HK$22.70 08–06–22 to 08–06–26 421 – HK$12.90 20–04–23 to 31–12–26 2,197 – HK$11.32 25–05–24 to 25–05–27 413 – HK$11.32 08–06–23 to 08–06–26 150 – HK$11.32 25–05–24 to 25–05–27 139 – HK$11.32 01–10–23 to 01–10–24 3,295 – HK$11.32 15–05–25 to 15–05–27 13,323 13,722
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