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.
The Bank of East Asia, Limited
東亞銀行有限公司
(Incorporated in Hong Kong with limited liability in 1918)
(Stock Code: 23)
GRANT OF SHARE OPTIONS
On 13th April, 2021, the Bank granted 4,336,553 share options to subscribe for Shares to certain Eligible Persons (as defined in the rules of the 2016 Scheme), out of which 371,081 share options were granted to the Executive Chairman of the Bank and 721,099 share options were granted to each of the two Co-Chief Executives of the Bank, respectively.
This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.
The Board of Directors of The Bank of East Asia, Limited (the "Bank") announces that on 13th April, 2021, the Bank granted 4,336,553 share options to subscribe for ordinary shares of the Bank (the "Shares") under its Staff Share Option Scheme adopted on 19th April, 2016 (the "2016 Scheme") to certain Eligible Persons (as defined in the rules of the 2016 Scheme). Details of such grant are set out below:
Date of grant
:
13th April, 2021
Exercise price of share options granted
:
HK$17.08 per Share
Number of share options granted
:
4,336,553
Closing price of the Shares on the date
:
HK$17.08 per Share
of grant
Validity period of the share options
:
(i) First
tranche (not more
than one
third of the share options) is
exercisable from 13th April, 2022 to
13th April, 2027
(ii)
Second tranche (not more than
one third of the share options) is
exercisable from 13th April, 2023 to
13th April, 2028
(iii)
Third
tranche
(the
remaining
balance of the
share options) is
exercisable from 13th April, 2024 to 13th April, 2029
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Out of the 4,336,553 share options granted:
371,081 share options were granted to Dr. the Hon. Sir David LI Kwok-po, Executive Chairman of the Bank;
721,099 share options were granted to Mr. Adrian David LI Man-kiu,Co-Chief Executive of the Bank; and
721,099 share options were granted to Mr. Brian David LI Man-bun,Co-Chief Executive of the Bank.
The granting of the above share options to the Executive Chairman and the Co-Chief Executives were approved by all the Independent Non-executive Directors of the Bank.
By Order of the Board
Alson LAW Chun-tak
Company Secretary
Hong Kong, 13th April, 2021
As at the date of this announcement, the Board of Directors of the Bank comprises Dr. the Hon. Sir David LI Kwok-po# (Executive Chairman), Professor Arthur LI Kwok-cheung* (Deputy Chairman), Dr. Allan WONG Chi-yun** (Deputy Chairman), Mr. Aubrey LI Kwok- sing*, Mr. Winston LO Yau-lai*, Mr. Stephen Charles LI Kwok-sze*, Mr. Adrian David LI Man- kiu# (Co-Chief Executive), Mr. Brian David LI Man-bun# (Co-Chief Executive), Dr. Daryl NG Win-kong*, Mr. Masayuki OKU*, Dr. the Hon. Rita FAN HSU Lai-tai**, Mr. Meocre LI Kwok- wing**, Dr. the Hon. Henry TANG Ying-yen**, Dr. Delman LEE**, Mr. William Junior Guilherme DOO**, Dr. David MONG Tak-yeung** and Dr. Francisco Javier SERRADO TREPAT*.
Executive Director
Non-executiveDirector
Independent Non-executive Director
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BEA - The Bank of East Asia Limited published this content on 14 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2021 23:58:02 UTC.
Bank of East Asia Ltd is a company mainly engaged in the banking business. The Company operates its business through nine segments. The Mainland China Operations segment mainly include the back office unit for Mainland China operations in Hong Kong, all subsidiaries and associates operating in Mainland China, except those subsidiaries carrying out data processing and other back office operations for Hong Kong operations in Mainland China. The Corporate Banking segment provides corporate lending and loan syndication, asset-based lending, commercial lending, securities lending and trade financing activities with correspondent banks and corporates. The Personal Banking segment is engaged in the branch operations, personal internet banking, consumer finance, property loans and credit card business to individual customers. The Overseas Operations segment provides back office unit for overseas banking operations in Hong Kong, Macau Branch, Taiwan Branch and all branches, subsidiaries and ass
THE BANK OF EAST ASIA, LIMITED 
