MAJOR EVENTS
(continued)
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(iii)
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The status of the second exercise of share options under the initial grant
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Exercise date: 12 January 2018
Number of exercisable share options: 9,636,900
Number of share options lapsed during the Reporting Period: 520,700
Number of share options exercised: 9,636,900
Date of completion of registration formalities for newly increased stocks: 14 February 2018
Number of people who exercised the share options: 185
Exercise price: RMB3.85/share
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(iv)
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Outstanding share options of Directors, chief executive and substantial shareholder as at the end of the
Reporting Period
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At the beginning of the Reporting Period, the total number of outstanding A shares share options held
by three directors, chief executives or substantial shareholders and Mr. Jin Wenmin, Vice President, were 966,000.
During the
Reporting Period, Vice President Mr. Jin Wenmin was appointed as an Executive Director of the Company on 13 June 2018. During the Reporting Period, a total of 483,000 A shares share options were exercised by Mr. Gao Jinping,
Mr. Jin Qiang, Mr. Guo Xiaojun and Mr. Jin Wenmin.
At the end of the Reporting Period, the total number of outstanding A
shares share options held by Vice Chairman and Vice President Mr. Gao Jinping; Director and Vice President Mr. Jin Qiang; Director, Vice President, Secretary to the Board and Joint Company Secretary Mr. Guo Xiaojun; and Director and
Vice President Mr. Jin Wenmin was 483,000.
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(v)
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Outstanding share options granted to employees other than the persons mentioned in item (iv)
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At the beginning of the Reporting Period, the total number of outstanding A shares share options held by the
Companys key business personnel were 18,138,500.
During the Reporting Period, a total of 9,153,900 A shares share options were
exercised by the Companys key business personnel.
During the Reporting Period, 520,700 A shares share options granted to the
Companys key business personnel lapsed due to resignation of the participants and other reasons.
At the end of the Reporting
Period, the total number of outstanding A shares share options held by the Companys key business personnel was 8,463,900.
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(vi)
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Exercise price of the initial grant and adjustment of the exercise price
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According to the principle disclosed by the Company on the determination of exercise price, the exercise price of the initial grant was
RMB4.20 per share (in the event of dividends payment, capitalization of capital reserves, bonus issue, subdivision or reduction of shares or allotment of shares during the validity period, the exercise price shall be adjusted according to the Share
Option
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