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

Awards to Employees
Where the contract of employment of an employee of the Group provides for part of the
remuneration is being satisfied by the issue and allotment of Shares under the Scheme, such
Participants (the “Eligible Employees”) are entitled to participate in the Scheme and the
Board shall determine the number of Shares or the methodology by which the number of
Shares is calculated by reference to (i) the monthly salary of the Eligible Employee; (ii) the
average closing price of the Shares as stated in the daily quotation sheets issued by the Stock
Exchange for the five trading days immediately preceding the relevant Offer Date; and (iii)
the duration of employment of the Eligible Employee between the relevant Offer Date and the
previous Offer Date. The Board shall grant Awards to the Eligible Employees every twelve
months. The Board may decide in its absolute discretion to pay the Eligible Employees in cash
an amount which is equivalent to the value of the Shares as at the Offer Date.
Alteration and Termination
The Scheme may be amended in any respect by a resolution of the Board provided that no
such amendment shall operate to affect adversely any subsisting rights of any Grantee. The
Scheme shall commence on the Adoption Date and shall (unless previously terminated by a
resolution of the Board) terminate upon the expiry of the ten years period or such earlier date
of termination as the Board may determine. Any termination shall be without prejudice to any
subsisting rights of any Grantee. No further Award shall be granted upon termination.
LISTING RULES IMPLICATIONS
The Scheme does not constitute a share option scheme or an arrangement analogous to a
share option scheme for the purpose of Chapter 17 of the Listing Rules, and is a discretionary
award scheme of the Company. Nevertheless, the Company will make voluntary disclosures
in respect of the Scheme and the Awards so as to allow Shareholders to continue to receive
relevant and appropriate information on matters that would affect the share structure of the
Company.
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