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

Operation
Subject to the Scheme Rules, the Board may, from time to time at its absolute discretion,
select any Participant and offer to grant to such Participant an Award and determine, among
other things, (i) the value and the number of Shares underlying the Award (or if the value and/
or number of Shares is not available, the methodology by which that is calculated), (ii) the
vesting criteria and conditions, (iii) the vesting schedule, and (iv) such other terms which may
be imposed or not imposed either on a specific Award or generally, provided such terms shall
not be inconsistent with any other terms and conditions of the Scheme.
Vesting and Lapse of Awards
The Board may determine other specific vesting criteria, conditions and the time when the
Awards shall vest, but the Offer Date and the vesting date must be at least six months, save for
Awards granted to employees of the Group.
An Award will vest or lapse partially or in full in accordance with the Scheme Rules upon
occurrence of certain events:
(a) a general offer by way of voluntary offer, takeover or otherwise is made to all the
Shareholders and such offer becomes or is declared unconditional;
(b)
a general offer for Shares by way of scheme of arrangement is made to all the
Shareholders and has been approved by the necessary number of Shareholders at the
requisite meetings;
(c)
a compromise or arrangement between the Company and the Shareholders and/or the
creditors of the Company is proposed for the purposes of or in connection with a scheme
for the reconstruction of the Company or its amalgamation with any other company or
companies;
(d)
a notice is given by the Company to the Shareholders to convene a general meeting for
the purposes of considering and, if thought fit, approving a resolution to voluntarily
wind-up the Company; or
4