Microsoft Word - e - announcement re grant of options (final)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

PYI Corporation Limited (Incorporated in Bermuda with limited liability) (Stock Code: 498) Grant of Share Options

On 29 September 2014, the Company granted 18,000,000 Share Options to the
Grantees.
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors (the "Board") of PYI Corporation Limited (the "Company") announces that the Company has granted share options (the "Share Options") to certain eligible persons (the "Grantees") under the share option scheme adopted by the Company on 10 September 2012, subject to acceptance of the Grantees, to subscribe for ordinary shares of HK$0.10 each in the share capital of the Company (the "Shares"). Brief details of such grant are as follows:
Date of grant: 29 September 2014 (the "Date of Grant") Number of Share Options granted: 18,000,000 Share Options, each Share
Option entitling the Grantees to subscribe
for one Share
Exercise price of Share Options granted:
HK$0.172, which represents the highest of (i) the closing price of HK$0.168 per Share as stated in the daily quotations sheet of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on the Date of Grant; (ii) the average closing price of HK$0.172 per Share as stated in the daily quotations sheets of the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of HK$0.10 per Share on the Date of Grant
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Closing price of the Shares on the
Date of Grant:
HK$0.168 per Share
Validity and exercise period of the
Share Options:
The Share Options granted to each Grantee shall be valid and exercisable for a period of 3 years commencing on 29
September 2014 and expiring on 28
September 2017
Details of the grant of the Share Options to each of the Grantees are as follows:

Name Position in the Company

Number of Share

Options granted

Chan Shu Kin Independent
Non-Executive Director
Li Chang An Independent
Non-Executive Director
Wong Lai Kin, Elsa Independent
Non-Executive Director
Mok Yat Fan, Edmond Independent
Non-Executive Director
Hong Kong, 29 September 2014
4,500,000
4,500,000
4,500,000
4,500,000
By order of the Board PYI Corporation Limited Ko Hiu Fung

Company Secretary

As at the date of this announcement, the composition of the Board of the Company is as follows:

Mr Lau Ko Yuen, Tom : Chairman and Managing Director

Mr Chan Yiu Lun, Alan : Executive Director

Mr Chan Shu Kin : Independent Non-Executive Director Mr Li Chang An : Independent Non-Executive Director Ms Wong Lai Kin, Elsa : Independent Non-Executive Director

Mr Mok Yat Fan, Edmond : Independent Non-Executive Director

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