Hanison Construction : GRANT OF SHARE OPTIONS

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of Hanison Construction Holdings Limited (the "Company") announces that on 18 October 2019, the Company granted share options (the "Options") to subscribe for a total of 53,174,000 ordinary shares of HK$0.1 each in the share capital of the Company (the "Shares") under the share option scheme adopted by the Company on 21 September 2011 (the "Scheme") to certain participants (as defined in the rules of the Scheme) (the "Grantees"). Brief details of the Options granted are set out below:

Date of grant	:	18 October 2019
Exercise price of Options granted	:	HK$1.16 per Share
Total number of Options granted	:	53,174,000
Closing price of the Shares on the	:	HK$1.16 per Share
date of grant
Validity period of the Options	: The Options are exercisable for a period of 5
		years from the date of grant (18 October 2019 to
		17 October 2024)

The exercise price of HK$1.16 per Share represents the highest of: (i) closing price of HK$1.16 per Share as quoted on the Stock Exchange on the date of grant of the Options; (ii) the average closing price of the Shares as quoted on the Stock Exchange for the 5 trading days immediately preceding the date of grant of the Options of HK$1.13 per Share; and (iii) the nominal value of HK$0.1 per Share.

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Among the 53,174,000 Options granted, 39,183,000 Options were granted to the following directors of the Company:

Name of Director	Position(s)	Number of Options
		granted
Mr. Cha Mou Sing, Payson	Non-executive Chairman	10,909,000
Mr. Cha Mou Daid, Johnson	Non-executive Director	5,454,000
Mr. Wong Sue Toa, Stewart	Executive Director and Managing	10,909,000
	Director
Mr. Tai Sai Ho	Executive Director and General	5,454,000
	Manager
Mr. Lo Kai Cheong	Executive Director	3,272,000
Dr. Zhang Wei	Non-executive Director and also	100,000
	Alternate Director to Mr. Cha Mou
	Sing, Payson
Mr. Chan Pak Joe	Independent Non-executive Director	1,090,000
Dr. Lau Tze Yiu, Peter	Independent Non-executive Director	905,000
Dr. Sun Tai Lun	Independent Non-executive Director	1,090,000

In accordance with the Listing Rules, the grant of Options to each of the above directors had been reviewed and approved by the Remuneration Committee and the Board (including all independent non-executive directors but excluding the independent non-executive director who is the Grantee of the Options) of the Company.

Save as disclosed in this announcement, none of the Grantees is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined under the Listing Rules) of any of them.

By order of the Board

Hanison Construction Holdings Limited

Wong Sue Toa, Stewart

Managing Director

Hong Kong, 18 October 2019

As at the date of this announcement, the Board comprises:

Non-executive Chairman	Non-executive Directors
Mr. Cha Mou Sing, Payson	Mr. Cha Mou Daid, Johnson
	Dr. Zhang Wei
	(also alternate director to Mr. Cha Mou
	Sing, Payson)

Executive Directors	Independent Non-executive Directors
Mr. Wong Sue Toa, Stewart (Managing Director)	Mr. Chan Pak Joe
Mr. Tai Sai Ho (General Manager)	Dr. Lau Tze Yiu, Peter
Mr. Lo Kai Cheong	Dr. Sun Tai Lun
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