Asia Television Holdings Limited (Stock Code: 707) released additional information regarding its 2024 Annual Report. The Company clarified that the closing price of its shares immediately before the date of grant of share options was HK$0.205. The fair value of the equity-settled share-based payments was measured at the grant date, and the resulting expense was recognized based on the number of options expected to vest.
The Company reported that 99,256,680 share options were available for grant at the beginning of the financial year, and 56,680 remained at the end of that period. It corrected an error stating that no share options were available for grant, reaffirming the actual figures. A total of 99,200,000 shares could be issued in respect of share options granted during the financial year, representing 7.29% of the weighted average of 1,361,394,000 ordinary shares.
The Remuneration Committee considered individual performance when granting share options, which were conferred primarily as rewards, without any vesting period or performance targets. As of the date of the Annual Report, the total number of shares available for issue under the Share Option Scheme was 108,524,038 shares, constituting 5.52% of the issued share capital (excluding treasury shares).
Further, the Company noted that trading in its shares on The Stock Exchange of Hong Kong Limited has been suspended since 9:00 a.m. on 11 August 2025 and remains halted until further notice. The announcement was dated 17 October 2025.
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