CT VISION (SEHK: 00994) announced that its Board of Directors intends to propose the adoption of a new share option scheme to shareholders at an extraordinary general meeting. This scheme will constitute a share scheme as defined under Chapter 17 of the Listing Rules.

In accordance with the Listing Rules, share schemes involving the grant of new shares must be approved by the shareholders of the listed issuer in a general meeting. Consequently, the adoption of the new share option scheme is conditional upon, among other things, shareholder approval at the forthcoming extraordinary general meeting.

The Board also intends to propose the adoption of a share award plan to shareholders at the same extraordinary general meeting. This plan will similarly constitute a share scheme under Chapter 17 of the Listing Rules.

As per the Listing Rules, the share award plan, which involves the grant of new shares, also requires approval from the company's shareholders in a general meeting. Therefore, the adoption of the share award plan is likewise conditional upon, among other things, receiving shareholder approval at the extraordinary general meeting.