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DIRECTORS’ REPORT
SHARE PLAN (CONT’D)
(b) (iii) Grant of Awards
Awards under the Share Plan may be granted at any time during the period when the Share Plan is in force.
The Remuneration Committee shall, in its absolute discretion, decide, in relation to each Award:
– the participants;
– the Award date;
– the number of fully paid ordinary shares which are the subject of the Award;
– the performance targets and the period during which the targets are to be satisfed;
– the extent to which the fully paid ordinary shares which are the subject of that Award shall be released
on the prescribed performance targets being satisfed (whether fully or partially) or exceeded or not
being satisfed, as the case may be, at the end of the performance period;
– the vesting date; and
– any other condition as the Remuneration Committee may determine.
The granted Award may not be sold, transferred, mortgaged, charged, assigned, pledged, encumbered or
otherwise disposed of, in whole or in part or in any way whatsoever, except with the prior approval of the
Remuneration Committee and if a participant shall do, suffer or permit any such act or thing as a result
of which he would or might be deprived of any such rights under an Award, that Award shall immediately
lapse.
(iv) Operation of Share Plan
Subject to the prevailing legislation and the rules of the Listing Manual and such consents or other required
action by any competent authority under any regulations or enactments for the time being in force as
may be necessary and subject to the compliance with the terms of the Share Plan and the Company’s
Memorandum and Articles of Association, the Company will have the fexibility to settle the Awards upon
their vesting by way of:
– issuing new ordinary shares of the Company as fully paid;
– delivering existing ordinary shares (including, to the extent permitted by law, treasury shares); and/or
– paying the aggregate market price in cash in lieu of allotment or transfer of some or all of the new or
existing ordinary shares.
(c) No Awards have been granted nor released since the commencement date to the end of the fnancial year ended
31 March 2014 under the Share Plan.
(d) None of the directors of the Company is a participant of the Share Plan since the commencement date to the end
of the fnancial year ended 31 March 2014.
(e) No eligible participant has received 5% or more of the total number of the new ordinary shares available under the
Share Plan and the total number of existing ordinary shares delivered pursuant to the settlement of the Awards
under the Share Plan.