1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Tongcheng Travel Holdings Limited
  6. News
  7. Summary
    780   KYG8918W1069

TONGCHENG TRAVEL HOLDINGS LIMITED

(780)
  Report
Delayed Hong Kong Stock Exchange  -  05/25 04:08:04 am EDT
12.48 HKD   -3.11%
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
MT
05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2022
CI
05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
CI
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Tongcheng Elong : GRANT OF SHARE OPTIONS AND GRANT OF RESTRICTED SHARE UNITS

12/22/2019 | 06:51am EDT

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.

Tongcheng-Elong Holdings Limited

同 程 藝 龍 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 0780)

GRANT OF SHARE OPTIONS

AND

GRANT OF RESTRICTED SHARE UNITS

The Board announces that on December 20, 2019, a total of 20,983,500 Share Options were granted to certain eligible participants pursuant to the 2019 Share Option Plan to subscribe for a total of 20,983,500 Shares, and that a total of 7,902,000 RSUs were granted to certain eligible participants pursuant to the 2019 RSU Plan.

GRANT OF SHARE OPTIONS

According to Rule 17.06A of the Listing Rules, details of the grant of Share Options under the 2019 Share Option Plan are set out as follows:-

1.

Date of grant

December 20, 2019

2.

Exercise price of Share Options granted

HK$12.428 per Share. The exercise price of

HK$12.428 per Share represents the highest of

(i) the closing price of HK$12.4 per Share as

stated in the daily quotation sheet issued by the

Stock Exchange on the date of the grant; (ii) the

average closing price of HK$12.428 per Share

as stated in the daily quotation sheets issued by

the Stock Exchange for the five trading days

immediately preceding the date of grant; and

(iii) the nominal value of the Share, which is

US$0.0005

3.

Total number of Share Options granted

20,983,500

4.

Total number of Shares to be issued upon

20,983,500

exercise of the Share Options in full

5.

Closing price of Share on date of grant

HK$12.4 per Share

6.

Average closing price of the Shares for

HK$12.428 per Share

the five trading days immediately

preceding the date of grant

1

7. Validity period of Share Options

10 years from date of grant, i.e. from December

20, 2019 to December 19, 2029

8. Among the total 20,983,500 Share Options, 1,600,000 Share Options are granted to the Directors with details as follows:-

Number of

Name of grantees

Relationship with the Company

Share Options

Ma Heping

Executive Director and Chief Executive Officer

1,600,000

In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Share Options to the above Director has been approved by the independent non-executive Directors. The grantee has also abstained from voting so far as the resolution for the approval of the grant of Share Options to each of them was concerned.

GRANT OF RSUS

On December 20, 2019, the Company also granted a total of 7,902,000 RSUs to certain eligible participants pursuant to the 2019 RSU Plan, representing approximately 0.37% of the total issued share capital of the Company as at the date of this announcement. The closing price of the Shares on the date of the grant was HK$12.4 per Share.

The Company may direct and procure the Trustee to purchase existing Shares or subscribe for new Shares to satisfy the RSUs granted to the eligible participants upon vesting.

The Board considers that the grant of the RSUs is fair and reasonable and is in the best interests of the Company and its shareholders as a whole.

GENERAL

Save as disclosed above, none of the grantees of the Share Options or the RSUs is a Director, chief executive or substantial shareholder of the Company or an associate of any of them. The grant of Share Options or the RSUs to the above grantees is not subject to approval by shareholders of the Company under the Listing Rules.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following terms shall have the following meanings:

"2019 Share Option

the share option plan approved by an ordinary resolution passed by the

Plan"

shareholders of the Company at the extraordinary general meeting of the

Company held on August 2, 2019

"2019 RSU Plan"

the 2019 restricted share unit plan adopted and approved by the Board on

July 2, 2019

"associate(s)"

has the meaning ascribed thereto under the Listing Rules

"Board"

the board of Directors

2

"Company"Tongcheng-Elong Holdings Limited ( 同程藝龍控股有限公司), an exempted company with limited liability incorporated under the laws of the Cayman Islands on January 14, 2016

"Director(s)" director(s) of the Company

"HK$"Hong Kong dollar(s), the lawful currency of Hong Kong

"Hong Kong" the Hong Kong Special Administrative Region of the People's Republic of China

"Listing Rules" The Rules Governing the Listing of Securities on the Stock Exchange, as amended from time to time

"RSUs"restricted share unit(s) granted to eligible participant(s) under the 2019 RSU Plan

"Shares"ordinary share(s) in the share capital of the Company, currently of nominal value US$0.0005 each

"Share Options" option(s) granted under the 2019 Share Option Plan to purchase the Shares

"Stock Exchange" The Stock Exchange of Hong Kong Limited

"Trustee"the trustee as may be appointed by the Company in respect of the 2019 RSU Plan

By order of the Board

Tongcheng-Elong Holdings Limited

Ma Heping

Executive Director and

Chief Executive Officer

Hong Kong, December 20, 2019

As at the date of this announcement, the Board comprises the following:

Executive Directors

Independent Non-executive Directors

Wu Zhixiang (Co-Chairman)

Wu Haibing

Ma Heping (Chief Executive Officer)

Dai Xiaojing

Han Yuling

Non-executive Directors

Liang Jianzhang (Co-Chairman)

Jiang Hao

Yu Haiyang

Brent Richard Irvin

3

Disclaimer

Tongcheng-Elong Holdings Ltd. published this content on 22 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2019 11:50:05 UTC


© Publicnow 2019
All news about TONGCHENG TRAVEL HOLDINGS LIMITED
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
MT
05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2..
CI
05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
CI
05/19Tongcheng Travel Holdings Announces Board Changes, Effective June 06, 2022
CI
05/19Tongcheng Travel Holdings Limited Reports Earnings Results for the First Quarter Ended ..
CI
04/20UBS Adjusts Tongcheng Travel's Price Target to HK$18.5 From HK$19, Keeps at Buy
MT
03/25UBS Adjusts Tongcheng Travel's Price Target to HK$19 From HK$21, Keeps at Buy
MT
03/22Tongcheng Travel Holdings Limited Provides Earnings Guidance for the First Quarter of 2..
CI
03/22TRANSCRIPT : Tongcheng Travel Holdings Limited, Q4 2021 Earnings Call, Mar 22, 2022
CI
03/22Tongcheng Travel Holdings Limited Reports Earnings Results for the Full Year Ended Dece..
CI
More news
Analyst Recommendations on TONGCHENG TRAVEL HOLDINGS LIMITED
More recommendations
Financials
Sales 2022 7 064 M 1 062 M 1 062 M
Net income 2022 486 M 73,0 M 73,0 M
Net cash 2022 4 032 M 606 M 606 M
P/E ratio 2022 50,7x
Yield 2022 -
Capitalization 23 466 M 3 527 M 3 527 M
EV / Sales 2022 2,75x
EV / Sales 2023 1,74x
Nbr of Employees 5 339
Free-Float 47,2%
Chart TONGCHENG TRAVEL HOLDINGS LIMITED
Duration : Period :
Tongcheng Travel Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TONGCHENG TRAVEL HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 10,58 CNY
Average target price 14,88 CNY
Spread / Average Target 40,7%
EPS Revisions
Managers and Directors
He Ping Ma Chief Executive Officer & Executive Director
Lei Fan Chief Financial Officer
Zhi Xiang Wu Co-Chairman
Jian Zhang Liang Co-Chairman
Hai Bing Wu Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
TONGCHENG TRAVEL HOLDINGS LIMITED-10.80%3 640
BOOKING HOLDINGS INC.-14.55%83 280
EXPEDIA GROUP, INC.-35.39%18 343
TRIP.COM GROUP LIMITED-17.42%12 418
TRIPADVISOR, INC.-18.89%3 087
FLIGHT CENTRE TRAVEL GROUP LIMITED14.13%2 840