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.

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors (the "Board") of HKC (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that the Company has granted share options (the "Share Option(s)") under its share option scheme adopted on 16 June 2006 to the Directors of the Company (the "Director(s)") and certain employees of the Group (the "Grantee(s)") which, subject to the acceptance of the Share Options by the Grantees, will enable the Grantees to subscribe for an aggregate of 107,500,000 new shares of HK$0.01 each (the "Share(s)") in the share capital of the Company, representing approximately 0.956% of the issued share capital of the Company.
A summary of such grant is set out below:-
Date of grant : 15 April 2013 ("Date of Grant")
Exercise price of Share
Options granted
: HK$0.269 per Share
Total number of Share Options granted
: 107,500,000 Share Options (each Share Option shall entitle the holder of the Share Option to subscribe for one Share)
Closing market price of the
Shares on the Date of Grant
: HK$0.265 per Share
Validity period of the Share
Options
: Subject to the achievement of the performance target as determined by the Board,
(i) the first 20% of the Share Options shall be exercisable from 15 April 2014 to 14 April 2016 (both days inclusive);
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(ii) the next 30% of the Share Options shall be exercisable from 15 April 2015 to 14 April 2017 (both days inclusive); and
(iii) the remaining 50% of the Share Options shall be exercisable from 15 April 2016 to 14 April 2018 (both days inclusive).
Among the Share Options granted above, 65,000,000 Share Options were granted to two Directors and an employee of the Group who is a substantial shareholder of the Company ("Substantial Shareholder") with details as follows:
Grantee Position Number of Share
Options granted
OEI Kang, Eric Executive Director and
Substantial Shareholder
10,000,000
OEI Valonia Lau Substantial Shareholder 5,000,000
CHANG Li Hsien, Leslie Executive Director and
Chief Executive Officer
50,000,000
The grant of Share Options to the above Directors and Substantial Shareholders has been approved by independent non-executive directors of the Company in accordance with Rule 17.04(1) of the Listing Rules.
Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).
Hong Kong, 15 April 2013
By order of the Board
HKC (HOLDINGS) LIMITED NG Sum Yu, Phyllis Company Secretary

As at the date of this announcement, the Board comprises ten directors, of which three are executive directors, namely, Mr. OEI Kang, Eric, Mr. CHANG Li Hsien, Leslie and Mr. CHUNG Wai Sum, Patrick; three are non-executive directors, namely, Mr. OEI Tjie Goan, Ms. YEN Teresa and Mr. WAN Ming Sun; four are independent non-executive directors, namely, Mr. FAN Yan Hok, Philip, Mr. CHUNG Cho Yee, Mico, Mr. CHENG Yuk Wo and Mr. Albert Thomas DA ROSA, Junior.

* For identification purposes only

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