World Houseware (Holdings) Limited (713) Announces Supplemental Details on 2024 Annual Report

Bulletin Express
Oct 17

World Houseware (Holdings) Limited (713) issued additional information regarding its 2024 Annual Report. The disclosure focuses on the Share Option Schemes, outlining the number of share options outstanding and newly granted during the reporting period ended 31 December 2024.

A total of 46,890,000 share options were outstanding as of 31 December 2024, with 5,590,000 new options granted during the year, representing approximately 0.71% of the weighted average number of the company's issued ordinary shares. According to the announcement, 79,211,742 shares were available for issuance under the Share Option Schemes, equal to approximately 10% of the total number of shares in issue (792,117,421) as of 27 March 2025.

The remuneration committee reviewed the key terms for the newly granted options dated 19 November 2024, confirming the absence of performance targets and clawback mechanisms. It cited the intrinsic link between the options' value and the company's future share price, as well as the existing provisions for lapse or cancellation. The company indicated that these supplemental points have no impact on other information contained in the 2024 Annual Report and that all remaining details therein remain unchanged.

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