Page 92 - Demo

Directors%u2019 Report90ADVANCING AHEADSUBSTANTIAL SHAREHOLDERS%u2019 INTERESTS AND SHORT POSITIONS IN SHARES AND UNDERLYING SHARESSave as disclosed above, as at 31 December 2024, the Directors were not aware of any persons (who were not Directors or Chief Executives of the Company) who had an interest or short position in the Shares or underlying Shares of the Company which would fall to be disclosed to the Company and the Stock Exchange under Divisions 2 and 3 of Part XV of the SFO, or which would be required, pursuant to section 336 of the SFO, to be entered in the register of the Company referred to therein.EQUITY-LINKED AGREEMENTSSave as the information disclosed in paragraphs headed %u201cKM ESOP, Tier 1 ESOP and Post-IPO Share Option Scheme and the Long Term Incentive Scheme%u201d in this report, the Company did not enter into any equity-linked agreement for the year ended 31 December 2024, nor was there any equity-linked agreement entered into by the Company subsisting as at 31 December 2024.KM ESOP, TIER 1 ESOP, POST-IPO SHARE OPTION SCHEME AND THE LONG TERM INCENTIVE SCHEME1.KM ESOPBelow is a summary of the principal terms of the KM ESOP of the Company. The terms of the KM ESOP are not subjecttotheprovisionsofChapter17oftheListingRules.(i)PurposeThe purpose of the KM ESOP is to incentivise or reward eligible participants for their contribution towards the Company%u2019s operations, so as to: (a) motivate and encourage recipients to continue to perform well; (b) to retain the services of recipients whose work is vital to the growth and continued success of the Company; and (c) to link the personal interests of members of the Board and the employees with those of the Shareholders.(ii)Who may joinThe Board may, at its discretion, grant an option to any director or employee of the Group, or any director or employee of any company which is under the control of the Company (an %u201cEligible Person%u201d). No amount is payable on the grant of option(s).(iii)Classes of shares that may be issuedUnder the KM ESOP, 11,518,642 ordinary shares may be issued. For the year ended 31 December 2024, the Company has issued 489,599 ordinary shares under the KM ESOP.(iv)Maximum number of sharesAs at the latest practicable date prior to the issue of this annual report, the number of shares which may be issued upon exercise of all outstanding options granted and yet to be exercised under the KM ESOP at any timeshallnotexceed11,518,642Shares(approximately0.27%ofnumberoftheissuedshareoftheCompany(excluding treasury shares) as at the date of this report).(v)Maximum entitlement of each participantThe scheme does not set a limit of maximum entitlement of each participant under the scheme.