ASIA RESOURCES HOLDINGS LIMITED 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.
(incorporated in Bermuda with limited liability)
(Stock Code: 899) GRANT OF SHARE OPTIONS
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
The board of directors (the "Board") of Asia Resources Holdings Limited (the "Company") hereby announces that on 3 October 2014 (the "Date of Grant"), a total of 59,000,000 share options (the "Share Options") to subscribe for 59,000,000 ordinary shares of HK$0.25 each of the Company (the "Shares") were granted to the eligible participants (the "Grantees"), subject to acceptance of the Grantees, under the share option scheme adopted by the Company on 9 August 2011.
Details of the Share Options granted are as follows: Date of Grant : 3 October 2014
Number of Share
Options granted
: 59,000,000 Share Options
* For identification purposes only
1
Exercise price of Share
Options granted
: HK$0.52 per Share, representing the highest of (i) the closing price of HK$0.52 per Share as stated in the daily quotations sheet issued by the Stock Exchange on the Date of the Grant; (ii) the average closing price of HK$0.505 per Share as stated in the daily quotations sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value of a Share
Closing price of the Share
on the Date of Grant
: HK$0.52 per Share
Validity period of
the Share Options
: 10 years from 3 October 2014 to 2 October 2024
Among the total 59,000,000 Share Options, 47,000,000 Share Options were granted to the
following Directors and associate of a Director, details of which are as follows:
Chim Kim Lun, Ricky Chairman and Executive Director 9,000,000
Cheung Kai Kwong Executive Director 8,000,000
Yeung Yiu Bong, Anthony Executive Director 8,000,000
Lu Jianling Executive Director 8,000,000
Lin Chengdong Executive Director 8,000,000
Tong Leung Sang Non-executive Director 1,000,000
Zhang Xianlin Independent Non-executive Director 1,000,000
2
Name of Directors Position at the Company/ relationship with Director(s) Number of Share Options granted
Lum Pak Sum Independent Non-executive Director 1,000,000
Kwok Hong Yee, Jesse Independent Non-executive Director 1,000,000
Cheung Chung Ki Accountant/daughter of Mr. Cheung Kai
Kwong, an executive Director
2,000,000
Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder (as defined under the Listing Rules) of the Company or an associate (as defined under the Listing Rules) of any of them.
By order of the Board
Chairman
Hong Kong, 3 October 2014
As at the date of this announcement, the Board consists of five executive Directors, Mr. Chim Kim Lun, Ricky, Mr. Cheung Kai Kwong, Mr. Yeung Yiu Bong, Anthony, Mr. Lu Jianling and Mr. Lin Chengdong; one non-executive Director, Mr. Tong Leung Sang; and three independent non-executive Directors, Mr. Zhang Xianlin, Mr. Lum Pak Sum and Mr. Kwok Hong Yee, Jesse.
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