Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2019 截至二零一九年十二月三十一日止年度 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 138 24. 以股份支付之支出 （續） 股權支付交易購股權計劃 （續） 附註： 授出購股權之歸屬期為授出日期至可行使日期期間， 乃由本公司董事於每次授出購股權時釐定。根據該 計劃授出之購股權之持有人僅可於以下可行使期間 行使其購股權： 截至二零一八年十二月三十一日止年度，本公司 於二零一八年十月十五日授出 G 類購股權。所授 出購股權之估計公平值為 8,720,000 港元。 截至二零一九年十二月三十一日止年度，本公 司於 G 類購股權獲行使時於二零一九年五月六 日以認購價每股 0.435 港元發行 20,820,000 股普 通股，現金代價為 9,057,000 港元。於行使日期 的加權平均股價為 0.410 港元。 於授出日期之購股權的公平值乃使用二項式模 式計算。該模式之輸入數據如下： 預期波幅根據本公司於授出日期前 875 日期間 之股價於過往之波幅釐定。該模式使用之預計 年期已按管理層就不可轉讓性、行使限制及行 為代價之影響作出之最佳估計調整。 24. SHARE-BASED PAYMENTS (Continued) Equity-settled share option scheme (Continued) Note: The vesting period, which is the period from the date of grant to the exercisable date, of the share options granted is determined by directors of the Company at each time when the options are granted. Holders of share options granted under the Scheme may only exercise their options during the exercisable periods as follows: Option type G Maximum % of share options exercisable G 類購股權 可行使購股權最高百分比 Exercisable periods: 可行使期間： 1.5.2019 – 30.4.2020 up to 50% 最高可達 50% 1.5.2020 – 30.4.2021 up to 75% 最高可達 75% 1.5.2021 – 30.4.2026 up to 100% (to the extent not already exercised) 最高可達 100% （以尚未行使者為限） During the year ended 31st December, 2018, options type G were granted on 15th October, 2018. The estimated fair values of the options granted were HK$8,720,000. During the year ended 31st December, 2019, 20,820,000 ordinary shares were issued on 6 May 2019 at the subscription price of HK$0.435 each for a cash consideration of HK$9,057,000 upon the exercise of the share options type G. The weighted average share price at the date of exercise was HK$0.410. The fair values of the share options at the grant date were calculated using the Binomial model. The inputs into the model were as follows: Share price on the date of grant 於授出日期之股價 HK$0.42 港元 Exercise price 行使價 HK$0.435 港元 Expected volatility 預期波幅 60% Expected life from date of grant 由授出日期起計預計年期 0.5 – 7.5 years 年 Risk free rate 無風險利率 2.42% Expected dividend yield 預計股息率 1.78% Expected volatility was determined by using the historical volatility of the Company’s 875-day share prices before the date of grant. The expected life used in the model has been adjusted, based on the management’s best estimate, for the effects of non-transferability, exercise restrictions and behavioral considerations.