XiDeLang : Offer Of Options Under The Employees Share Option Scheme For Eligible Directors And Employees Of Xdl And Its Subsidiaries

Type	Announcement
Subject	OTHERS
Description	XIDELANG HOLDINGS LTD ('THE COMPANY' OR 'XDL') - OFFER OF OPTIONS UNDER THE EMPLOYEES SHARE OPTION SCHEME FOR ELIGIBLE DIRECTORS AND EMPLOYEES OF XDL AND ITS SUBSIDIARIES

Pursuant to Paragraph 9.19(51) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of XDL wishes to announce that
the following options had been offered to the Eligible Employees of XDL and its subsidiaries:

Date of offer	9 October 2020
Exercise price of options offered	RM0.05 per share
Number of options offered	40,609,900
Market price of XDL's shares on the date of offer	RM0.055 (closing price as at 9 October 2020)
Number of options offered to each Director of XDL and its subsidiaries and Person connected to Directors of XDL	N/A
Vesting period of the options offered	For the period of five (5) years until the expiry of the employees' share option scheme on 2 September 2025 if no extension of the scheme is provided

This announcement is dated 9 October 2020.

Announcement Info

Company Name	XIDELANG HOLDINGS LTD
Stock Name	XDL
Date Announced	09 Oct 2020
Category	General Announcement for PLC
Reference Number	GA1-09102020-00014