Annual Report 2023

ANNUAL REPORT 2023 63 Note: (1) As at 31 December 2023, the Company is a subsidiary of CMPG and accordingly, CMPG is an associated corporation of the Company. The interests in CMPG held by each Director are share options granted on 3 February 2020 under an employee incentive scheme of CMPG (the “ Employee Incentive Scheme ”), which are subject to the terms and conditions of the Employee Incentive Scheme. In accordance with the exercise schedule under the Employee Incentive Scheme, the share options of Mr. Yim Kong and Mr. Lu Yongxin may be exercised in batches from 3 February 2022 to 3 February 2027 while the share options of Mr. Xu Song may be exercised in batches from 29 January 2023 to 29 January 2027. Such share options are conditional upon the satisfaction of certain performance targets specified thereunder. Details of the Employee Incentive Scheme were published on the information website of the Shenzhen Stock Exchange (http:// www.szse.cn/) . Other than the 120,000 share options granted to Mr. Xu Song, the 51,000 share options granted to Mr. Yim Kong and the 72,000 share options granted to Mr. Lu Yongxin which have been cancelled, none of these share options were exercised, lapsed or cancelled during the reporting period. Save as disclosed above and based on the register maintained by the Company under section 352 of the SFO, as at 31 December 2023, none of the Directors or chief executive of the Company or any of their associates had any interests and short positions in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) which are required, pursuant to section 352 of the SFO, to be entered in the register or which are required, pursuant to the Model Code, to be notified to the Company and the HKSE. DIRECTORS OF SUBSIDIARIES The Director of the Company who has also served as directors of the subsidiaries of the Company during the year ended 31 December 2023 and up to the date of this report are Mr. Xu Song, Mr. Lu Yongxin, Mr. Tu Xiaoping and Mr. Yang Guolin. DIRECTORS’ SERVICE CONTRACTS None of the Directors who are proposed for re-election at the forthcoming annual general meeting has a service contract with the Company which is not determinable within one year without payment of compensation, other than statutory compensation. DIRECTORS’ REMUNERATION Details of the remuneration for Directors are set out in note 9 to the consolidated financial statements. PENSION SCHEME Details of the pension scheme, maintained by the Group, contributions made and forfeiture utilised during the year are set out on pages 119 to 121 of the Annual Report.