ESR Interim Report 2020 (EN)

Notes to Condensed Consolidated Financial Information 30 June 2020 67 NOTES TO CONDENSED CONSOLIDATED FINANCIAL INFORMATION ESR Interim Report 2020 23. 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 2020: Weighted average exercise price Number of options US$ ’000 At 1 January 2020 82,174 Granted during the period – Forfeited during the period 1.52 (16) Exercised during the period 0.68 (17,435) At 30 June 2020 (unaudited) 64,723 The weighted average share price at the date of exercise for share options exercised during the six months ended 2020 was HK$16.86 per share. The exercise prices and exercise periods of the share options outstanding as at 30 June 2020 and 31 December 2019 are as follows: Number of options (’000) Exercise price (US$ per share) Exercise period 30 June 2020 31 December 2019 3,189 4,189 0.2520 01-02-19 to 31-01-24 24,700 24,700 0.4600 20-04-17 to 20-01-26 27,832 11,837 0.9445 01-01-23* to 31-12-27 3,167 35,157 0.4722 01-01-23* to 22-02-29 873 873 1.1453 16-08-23* to 15-08-28 1,099 1,098 1.3655 16-02-24* to 25-02-29 3,863 4,320 1.5172 16-02-24* to 25-02-29 64,723 82,174 * 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.