Annual Report 2012 - HKExnews

Report of the Directors (Continued)
Pre-IPO Share Option Scheme and Share Option Scheme
Pursuant to the written resolutions passed by all the shareholders of the Company on 26 March 2011, the Company has adopted
the Pre-IPO Share Option Scheme and has conditionally adopted the Share Option Scheme.
Pre-IPO Share Option Scheme
The purpose of the Pre-IPO Share Option Scheme is to recognise the contribution made by certain executive Directors and
employees of the Group and to aid the Company in retaining key and senior employees who have assisted in the development
and growth of the Group and for their contribution in connection with the Listing.
Eligible participants of the Pre-IPO Share Option Scheme are any employee (including any director) of the Group or any invested
entity, any supplier of goods or services, any customer, any person or entity that provide research, development or other
technological support, any shareholders or any participants who contribute to the development and growth of the Group or any
invested entity.
The Pre-IPO Share Option Scheme was adopted for a period of 10 years commencing from 26 March 2011 and remains in force
until 25 March 2021. The Company may, by resolution in general meeting or, such date as the Board determined, terminate the
Pre-IPO Share Option Scheme at any time without prejudice to the exercise of options granted prior to such termination.
The total number of new shares of the Company that may be issued upon exercise of all options to be granted under the Pre-IPO
Share Option Scheme and any other share option schemes of the Company shall not in aggregate exceed 32,800,000 shares of
the Company, which represents 10% of the shares in issue of the Company as at the date of this report.
During the year, no options were granted or exercised under the Pre-IPO Share Option Scheme and a total of 1,869,600 options
were lapsed. As at 31 December 2012, the number of shares comprised in the outstanding options remained as 10,430,400.
Share Option Scheme
The purpose of the Share Option Scheme is to provide incentive or reward to eligible persons for their contribution or potential
contribution to the Group.
Eligible participants under the Share Option Scheme include any employee of the Group or any invested entity, any supplier of
goods or services, any customer, any person or entity that provide research, development or other technological support, any
shareholders or any participants who contribute to the development and growth of the Group or any invested entity.
Details of the principal terms of the Share Option Scheme are set out in paragraph headed “Share Option Scheme” in section
headed “Statutory aznd General Information” in Appendix V to the Prospectus. The principal terms of the Share Option Scheme
are summarised as follows:
The Share Option Scheme was adopted for a period of 10 years commencing from 26 March 2011 and remains in force until 25
March 2021. The Company may, by resolution in general meeting or, such date as the Board determined, terminate the Share
Option Scheme at any time without prejudice to the exercise of options granted prior to such termination.
FOCUS MEDIA NETWORK LIMITED Annual Report 2012
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