Continental Holdings Limited has announced new terms under its share option schemes as stated in their recent supplemental announcement. The 2010 and 2020 Share Option Schemes do not mandate grantees to meet performance targets or hold options for a certain period before exercising them. However, the Board retains the discretion to impose such conditions. Additionally, any new grants must not exceed 0.1% of the issued shares, with a total value over HK$5 million, and require shareholder approval, excluding votes from the grantee and their associates. This announcement follows the annual report for the year ending 30 June 2024.
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