CHINA FORTUNE (00110) announced that the company's previous share option scheme, the 2014 Share Option Scheme, was adopted on May 28, 2014. The 2014 scheme expired on May 28, 2024. Throughout the ten-year period from its adoption date until its expiration, no options under the 2014 scheme were granted, exercised, cancelled, or lapsed. Consequently, following the expiry of the 2014 scheme and as of the date of this announcement, there are no outstanding options under the 2014 scheme.

Amendments to the Listing Rules by the Stock Exchange concerning share option schemes and share award plans for listed issuers took effect on January 1, 2023. In light of this, the board of directors has proposed the adoption of a 2026 Share Option Scheme. This is intended to align the company's practices with the revised Chapter 17 of the Listing Rules, but the adoption is conditional upon certain requirements being met.

The purpose of the 2026 Share Option Scheme is to enable the company to grant share options to eligible participants. These options would serve as incentives or rewards for their contributions, whether actual or potential, to the growth and development of the group. Additionally, the scheme aims to help the group attract and retain talented individuals to support its business expansion.

The directors, including the independent non-executive directors, believe that adopting the 2026 Share Option Scheme is in line with market practices. It provides incentives to eligible participants to enhance corporate value and achieve long-term objectives, which is considered to be in the overall interest of the group.