CHINA LIT (00772.HK): Grant of 779,812 Share Options at Exercise Price of HKD 22.40 Per Share

NewTimeSpace · 2026/08/14 08:17 · By Xuran Lin

NewTimeSpace News: On 13 August 2026, CHINA LIT (00772.HK) announced the grant of an aggregate of 779,812 share options to Mr. Huang Yan, executive director and senior vice president, and other eligible employees of the Group under the share option scheme, at an exercise price of HKD 22.40 per share (the highest of the closing price of HKD 22.40 on the grant date, the average closing price of HKD 21.04 for the five preceding business days and the par value); 493,573 of the options were granted to Mr. Huang Yan. The options have a ten-year term and vest 25% annually over four years without performance targets; the grant to Mr. Huang Yan was approved by the Board with his abstention.

NewTimeSpace News: On 13 August 2026, China Literature Limited (stock code: 00772) announced that, pursuant to the share option scheme, the Company granted an aggregate of 779,812 share options to subscribe for shares to Mr. Huang Yan and other eligible employees of the Group (the grantees), subject to acceptance by the grantees.

According to the announcement, the exercise price of the share options granted is HKD 22.40 per share, being the highest of: the closing price of the shares of HKD 22.40 per share as shown in the Stock Exchange's daily quotations sheet on the date of grant, the average closing price of HKD 21.04 per share for the five business days immediately preceding the date of grant, and the par value of the shares of USD 0.0001 per share. The aggregate number of share options granted is 779,812, of which 493,573 were granted to Mr. Huang Yan (executive director and senior vice president of the Company) and the remaining 286,239 to other employees of the Group. The options have a term of ten years from the date of grant and vest in batches over four years from the date of grant, with 25% vesting on each anniversary of the date of grant in the following four years; the vesting of the options is not subject to any performance targets.

Pursuant to Rule 17.04(1) of the Listing Rules, the grant of share options to Mr. Huang Yan has been approved by the Board (including the independent non-executive directors), with Mr. Huang Yan abstaining from voting on the resolution approving the grant to him; the grant of share options does not require approval by the independent shareholders. Following the grant, 11,317,097 shares underlying the options will be available for future grants under the scheme mandate, and 5,076,192 shares will be available for future grants under the service provider sublimit. The remuneration committee of the Board considered that the grant of share options to Mr. Huang Yan is consistent with the purpose of the share option scheme, providing grantees with the opportunity to acquire a personal interest in the Company and helping to encourage grantees to enhance their performance and efficiency.

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CHINA LIT 00772.HK Equity Incentive