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854

When seeking shareholder approval, an issuer must explain the basis for the following in the circular:

(1) Participation by, and the specific grant of options to, each of the controlling shareholders or their associates;
(2) Participation by, and the grant of options to, directors and employees of the parent company and its subsidiaries;
(3) Participation by non-executive directors;
(4) Participation by directors and employees of the associated companies;
(5) Discount quantum; and
(6) Size of the scheme.