Nine Dragons Paper Holdings Limited has announced supplemental details regarding its 2016 Share Option Scheme in the 2024 Annual Report. The company clarified that no options were granted under the scheme for the year ending June 30, 2024. However, as of July 1, 2023, and June 30, 2024, 466,622,081 shares remain available for grant, representing approximately 9.94% of the company's total ordinary shares. The options under this scheme can be exercised within a 10-year period, as determined by the board of directors. An option is considered granted and accepted once a signed duplicate offer document and a HK$1.00 consideration are received by the company within 30 days of the offer date. No options may be offered after March 3, 2026.
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