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    868   KYG9828G1082

XINYI GLASS HOLDINGS LIMITED

(868)
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Xinyi Glass : GRANT OF OPTIONS UNDER THE SHARE OPTION SCHEME

03/02/2021 | 09:00am 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.

XINYI GLASS HOLDINGS LIMITED ڦ່ޚᆨછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 00868)

GRANT OF OPTIONS UNDER THE SHARE OPTION SCHEME

The Board announces that on 2 March 2021, the Company granted in aggregate 34,700,000 Options to Grantees pursuant to the Share Option Scheme, subject to acceptance by the Grantees.

This announcement is made by the board (the "Board") of directors (the "Directors") of Xinyi Glass Holdings Limited (the "Company") pursuant to Rule 17.06A of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

On 2 March 2021, the Company granted in aggregate 34,700,000 share options (the "Options") to grantees (the "Grantees") to subscribe for ordinary shares (the "Shares") of HK$0.10 each in the capital of the Company under the Company's share option scheme (the "Share Option Scheme") adopted on 15 January 2015. A summary of such grant of the Options is set out below:

Date of grant:

2 March 2021

Exercise price of Options:

HK$23.35

Number of Options:

34,700,000

Closing Price of the Shares

HK$23.35

on the date of grant:

−1−

Vesting schedule:

One-third of the Options will vest on 31 December 2021 if each Grantee has met the conditions of vesting as stated in the letter of grant.

One-third of the Options will vest on 31 December 2022 if each Grantee has met the conditions of vesting as stated in the letter of grant.

One-third of the Options will vest on 31 December 2023 if each Grantee has met the conditions of vesting as stated in the letter of grant.

Exercise period:

The Options can be exercised from 1 April 2024 to 31 March 2025.

Validity period of options: From 2 March 2021 to 31 March 2025.

All of the Grantees are employees of the Company and its subsidiaries, and none of the Grantees is a Director, chief executive or substantial shareholder (as defined in the Listing Rules) of the Company, nor an associate of any of them (as defined in the Listing Rules). The Options are subject to acceptance by the Grantees.

By Order of the Board

XINYI GLASS HOLDINGS LIMITED

Dr. LEE Yin Yee, B.B.S.

Chairman

Hong Kong, 2 March 2021

As of the date of this announcement, the executive Directors are Chairman Dr. LEE Yin Yee, B.B.S., Mr. TUNG Ching Bor, Tan Sri Datuk TUNG Ching Sai P.S.M., D.M.S.M., JP. and Mr. LEE Shing Kan, the non-executive Directors are Mr. NG Ngan Ho, Mr. LI Ching Wai, Mr. SZE Nang Sze and Mr. LI Ching Leung, and the independent non-executive Directors are Mr. LAM Kwong Siu, G.B.S., Mr. WONG Chat Chor Samuel, Dr. WONG Ying Wai, G.B.S., JP., Rev. Dr. TRAN Chuen Wah, John and Mr. TAM Wai Hung, David.

This announcement will be published on the website of the Stock Exchange atwww.hkex.com.hkand on the website of the Company atwww.xinyiglass.com.hk.

−2−

Disclaimer

Xinyi Glass Holdings Ltd. published this content on 02 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 13:59:04 UTC.


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Net Debt 2021 2 492 M 321 M 321 M
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Average target price 30,91 HKD
Last Close Price 29,70 HKD
Spread / Highest target 37,0%
Spread / Average Target 4,06%
Spread / Lowest Target -18,2%
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Ching Sai Tung Chief Executive Officer & Executive Director
Sik Yuen Lau Chief Financial Officer & Secretary
Yin Yee Lee Executive Chairman
Kwong Siu Lam Independent Non-Executive Director
Chat Chor Wong Independent Non-Executive Director
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