49
ANNUAL REPORT 2015/2016
Directors’ Statement
STAMFORD LAND CORPORATION LTD SHARE OPTION PLAN AND PERFORMANCE SHARE PLAN
5IF $PNQBOZ IBT JO QMBDF UIF 4UBNGPSE -BOE $PSQPSBUJPO -UE 4IBSF 0QUJPO 1MBO
ŏ4-$ 401Ő BOE UIF
4UBNGPSE -BOE $PSQPSBUJPO -UE 1FSGPSNBODF 4IBSF 1MBO
ŏ4-$ 141Ő
5IF 4-$ 401 BOE UIF 4-$ 141 XFSF BQQSPWFE CZ TIBSFIPMEFST PG UIF $PNQBOZ BU UIF BOOVBM HFOFSBM NFFUJOH
IFME PO +VMZ
5IF 4-$ 401 BOE UIF 4-$ 141 BSF BENJOJTUFSFE CZ UIF 3FNVOFSBUJPO $PNNJUUFF ŏ3$Ő
which comprises the following three independent and non-executive directors who do not participate in
FJUIFS UIF 4-$ 401 PS UIF 4-$ 141
Mr Mark Anthony James Vaile (Chairman)
.S %PVHMBT 0XFO $IFTUFS
Dr Stanley Lai Tze Chang
4-$ 401
Ŕ
5IF QFSTPOT FMJHJCMF UP QBSUJDJQBUF JO UIF 4-$ 401 BSF TFMFDUFE FNQMPZFFT XIJDI NBZ JODMVEF
executive directors) of the Group of such rank as the RC may determine, and other participants
selected by the RC, but shall exclude non-executive directors of the Group, independent directors
of the Company and controlling shareholders. As at the date of this statement, no associate of any
DPOUSPMMJOH TIBSFIPMEFS JT B QBSUJDJQBOU JO UIF 4-$ 401
Ŕ
4-$ 401 TIBMM DPOUJOVF JO GPSDF BU UIF BCTPMVUF EJTDSFUJPO PG UIF 3$ TVCKFDU UP B NBYJNVN QFSJPE PG
10 years from 30 July 2015 (unless extended with the approval of the shareholders and any relevant
authorities).
Ŕ
5IF 3$ IBT UIF GVMM EJTDSFUJPO UP HSBOU PQUJPOT BU BO FYFSDJTF QSJDF PG FJUIFS NBSLFU QSJDF PS BU B
discount to market price (provided that such discount shall not exceed 20% of the market price).
Market price shall be determined based on an average of the last dealt prices for the shares on the
4JOHBQPSF &YDIBOHF 4FDVSJUJFT 5SBEJOH -JNJUFE GPS UIF UISFF DPOTFDVUJWF NBSLFU EBZT JNNFEJBUFMZ
preceding the date of the grant of the relevant option.
Ŕ
0QUJPOT HSBOUFE BU NBSLFU QSJDF NBZ CF FYFSDJTFE BGUFS UIF FYQJSZ PG POF ZFBS GSPN UIF EBUF PG UIF
grant, whereas options granted at a discount to market price may only be exercised after the expiry of
two years from the date of the grant.
Ŕ
"U UIF FOE PG UIF GJOBODJBM ZFBS UIFSF XFSF OP PVUTUBOEJOH PQUJPOT HSBOUFE VOEFS UIF 4-$ 401
