HC TECH GP (01116) announced that its existing share option scheme, adopted via a shareholder resolution on May 31, 2019, remains valid and effective for ten years from the adoption date. Under the terms of the existing scheme, the company may terminate it at any time through a shareholders' resolution. In such case, no further options will be granted, though the terms of the existing scheme will continue to govern any options already granted prior to termination, as necessary or stipulated. Options granted before termination will remain exercisable under the scheme's rules. The board has no intention to grant additional options under the existing scheme from the announcement date until the upcoming shareholders' meeting. The company proposes adopting a new share option scheme in compliance with the latest Chapter 17 requirements of the Hong Kong Stock Exchange's Listing Rules, published in July 2022. The new scheme aims to provide flexibility for retaining, incentivizing, rewarding, compensating, and/or benefiting eligible participants.