4
SHARE OPTIONS
Yanlord Land Group Share Option Scheme 2006 (“ESOS 2006”)
The ESOS 2006 will provide eligible participants with the opportunity to participate in the equity of the Company
and motivate them towards better performance through increased dedication and loyalty. The aggregate number of
shares that may be issued or issuable under the plan at any time may not exceed 15% of the then issued share capital.
The Remuneration Committee (“RC”) comprises 3 independent directors, and they are Ng Jui Ping, Ronald Seah
Lim Siang and Ng Shin Ein. The RC administers the ESOS 2006.
Options may be granted to employees and directors of the Company or any of the related entities, which include
the subsidiaries or any entities in which the Company holds a substantial ownership interest, including any such
employees or directors who are associates of the controlling shareholder. The controlling shareholder is not eligible
to participate in the ESOS 2006.
In general, the plan administrator determines the exercise price of an option. The exercise price may be a fixed or
variable price related to the fair market value of the ordinary shares. The term of each award will be stated in the
award agreement. The term of an award will not exceed 10 years from the date of the grant, or five years from the
date of grant in the case of options granted to non-executive directors or employees of related entities other than
subsidiaries. In general, the plan administrator determines, or the award agreement specifies, the vesting schedule.
The Board of Directors may at any time amend, suspend or terminate the ESOS 2006. Amendments to the plan are
subject to shareholder approval to the extent required by law, or stock exchange rules or regulations. Additionally,
shareholder approval is specifically required to increase the number of shares available for issuance under the plan
or to extend the term of an option beyond 10 years. Unless terminated earlier, the plan will expire and no further
awards may be granted after the tenth anniversary of the shareholder’s approval of the plan.
This scheme will continue to be in force at the discretion of the RC subject to a maximum period of 10 years
commencing on the date the ESOS 2006 was adopted by the Company in general meeting. However, ESOS 2006
may continue beyond the above stipulated period with the approval of shareholders by ordinary resolution in general
meeting and of any relevant authorities that may then be required.
During the financial year, no option was granted under the ESOS 2006.
5
OPTIONS EXERCISED
During the financial year, no share of the Company or any corporation in the Group was allotted and issued by virtue
of the exercise of options to take up unissued shares of the Company or any corporation in the Group.
6
UNISSUED SHARES UNDER OPTIONS
There was no option granted by the Company or any corporation in the Group to any person to take up unissued
shares of the Company or any corporation in the Group as at the end of the financial year.
DIRECTORS’ STATEMENT
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