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.
GREEN LEADER HOLDINGS GROUP LIMITED
綠領控股集團有限公司
(Incorporated in Bermuda with limited liability)
(Stock Code: 61)
ADJUSTMENTS TO EXERCISE PRICE AND
NUMBER OF SHARES OF SHARE OPTIONS
Reference is made to the announcements of the Company dated 30 June 2020, 13 July 2020, 17 July 2020, 24 July 2020, 4 August 2020 and 5 August 2020 (the "Announcements") and the circular of the Company dated 20 July 2020 (the "Circular") in relation to, among others, the Share Consolidation and the Change in Board Lot Size. Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Announcements and the Circular.
The Share Consolidation has become effective on 7 August 2020. Pursuant to the terms of the Share Options and the share option scheme adopted by the Company on 28 May 2015 (the "Share Option Scheme"), the exercise price (the "Exercise Price") and the number of option shares (the "Option Shares") upon full exercise of the outstanding Share Options will be adjusted as a result of the Share Consolidation (the "Adjustments"). Details of the Adjustments are set out below:
Before Completion of Share | After Completion of Share | ||||||||
Consolidation | Consolidation | ||||||||
Number of | |||||||||
Option Shares | Number of | ||||||||
(in Shares | |||||||||
Prior to Share | Option Shares | ||||||||
Consolidation | (in New Shares | ||||||||
Share options | Exercise Price | of HK$0.01 | Exercise Price | of HK$0.20 | |||||
type | Date of grant | per Share | each) | per Share | each) | ||||
2015 | 14 | July 2015 | 1.5000 | 40,400,000 | 30.000 | 2,020,000 | |||
2017 - A | 29 | May 2017 | 0.3520 | 72,967,400 | 7.040 | 3,648,370 | |||
2018 | 24 | May 2018 | 0.3500 | 20,000,000 | 7.000 | 1,000,000 | |||
2019 | 17 | January 2019 | 0.0544 | 730,000,000 | 1.088 | 36,500,000 | |||
Total | 863,367,400 | 43,168,370 | |||||||
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Save for the above Adjustments, all the other terms and conditions of the Share Options remain unchanged.
The auditor of the Company, Crowe (HK) CPA Limited, had performed certain factual finding procedures on the Adjustments and the outstanding Share Options in accordance with Hong Kong Standard on Related Services 4400 "Engagements to Perform Agreed-Upon Procedures Regarding Financial Information" issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). Crowe (HK) CPA Limited had issued a report of factual findings to the Board stating that the computation of each of the Adjustments is arithmetically accurate and that the Adjustments are made in compliance with the requirements set out in Rule 17.03(13) of the Listing Rules. The work performed by Crowe (HK) CPA Limited in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the HKICPA and consequently no assurance has been expressed by Crowe (HK) CPA Limited in this respect.
By the order of the Board of
Green Leader Holdings Group Limited
Mr. Tse Michael Nam
Executive Director
Hong Kong, 28 August 2020
As at the date of this announcement, the Directors are:
Executive Directors
Mr. Zhang Sanhuo
Mr. Tse Michael Nam (Chief Executive Officer)
Independent non-executive Directors
Mr. Ho Kin Cheong Kelvin
Mr. Tian Hong
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Green Leader Holdings Group Ltd. published this content on 28 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2020 11:23:01 UTC