Hao Tian Resources Group Ltd. Announcements and ... - TodayIR.com

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SUMMARY OF THE SCHEME RULES A summary of the Scheme Rules is set out below: Purposes and Objectives To recognise the contributions by certain employees of the Group and to give incentives to retain employees and to attract suitable talents for the continual operation and future development and expansion of the Group. Administration The Scheme shall be subject to the administration of the Board in accordance with the Scheme Rules. The Board shall have the right to, among others: (a) appoint an trustee to assist with the administration, exercise and vesting of Awards granted under the Scheme; (b) appoint any of the Directors or a sub-committee of the Board comprising the members of the remuneration committee of the Board and senior management of the Company which shall include the chief executive officer, the chief financial officer, the head of human resources department, delegated with the power and authority by the Board to administer the Scheme; and (c) make such other decisions or determination as it shall deem appropriate provided that the same are not inconsistent with the provisions of the Scheme and the Listing Rules. Duration Unless early terminated by the Board, the Scheme shall be valid and effective for a term of ten years commencing on the Adoption Date. 2
Scheme Limit The Board shall not make any further award of Shares which will result in the number of Shares awarded by the Board under the Scheme to be in excess of one per cent. of the aggregate nominal amount of the share capital of the Company in issue as at the date of passing of the issue mandate at the annual general meeting of the Company for a financial year during the term of the Scheme. The aggregate value of Shares which may be subject to Award(s) to a Grantee at any one time shall not exceed HK$5,000,000 as at the date of such Award (based on the closing price of the Shares on the Business Day immediately preceding the date of Award). The number of new Shares to satisfy Awards granted shall be allotted and issued by the Board by obtaining a separate Shareholders’ approval at a general meeting of the Company or utilising the general mandate granted by Shareholders at a general meeting of the Company from time to time. The Company will apply to the Stock Exchange for the grant of listing of, and permission to deal in, such new Shares to be issued and allotted as soon as practicable after any grant of Awards. Restrictions on Awards No Award shall be made to any Participant where (i) there is a price sensitive event in relation to the securities of the Company until such price sensitive information has been published in accordance with the Listing Rules; or (ii) during the period commencing from one month immediately preceding the date of the meeting of the Board for the approval of the Company’s financial results or the deadline for publication of the Company’s financial results; (iii) where granting of any Award would result in a breach by the Group or any of their respective directors of any applicable securities laws, rules or regulations; (iv) where granting of any Award would result in a breach of the Scheme Limit; or (v) in any circumstances which are prohibited under the Listing Rules or where the requisite approval from any applicable regulatory authorities has not been granted. 3
Page 1: Hong Kong Exchanges and Clearing Li
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