CHINA HK POWER (00931) Grants Share Options

Stock News01-13

CHINA HK POWER (00931) announced that on January 13, 2026 (the "Date of Grant"), the company resolved to make an offer to grant share options to 57 eligible participants under the share option scheme adopted by the company on August 30, 2019. The options entitle the holders to subscribe for a total of 402 million ordinary shares in the company's share capital, each with a par value of HK$0.02, representing approximately 5.41% of the total issued shares as of the date of this announcement.

On the same date, the Board resolved to conditionally grant 1 billion share options to Mr. Deng Yaobo, an executive director and the Chief Executive Officer of the company. These options entitle him to subscribe for a total of 1 billion ordinary shares, each with a par value of HK$0.02, equivalent to approximately 13.45% of the company's existing issued share capital as of the announcement date.

Following the full exercise of these options and the allotment and issuance of the corresponding shares, the issued share capital of the company, as enlarged, would represent approximately 11.85% of the total, assuming no other changes to the company's share capital. The shares to be issued to the director will be allotted and issued pursuant to a specific authority.

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