Ascletis Pharma Inc. — Share Issue/Capital Change 2020

Dec 22, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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世 界 ( 集 團 ) 有 限 公 司 WORLD HOUSEWARE (HOLDINGS) LIMITED

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 713)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of directors (the “Board”) of World Houseware (Holdings) Limited (the “Company”) announces that on 22 December 2020, the Company has granted 26,800,000 share options (the “Options”) to certain eligible participants (the “Grantees”) to subscribe for a total of 26,800,000 ordinary shares of HK$0.10 each (the “Shares”) of the Company under the share option scheme of the Company adopted on 10 June 2011. Details of the grant of the Options are set out as follows:

Date of grant : 22 December 2020 Exercise price of : HK$0.357 per Share (being by reference the highest of (i) the closing Options granted price of HK$0.350 per Share as stated in the Stock Exchange’s daily quotation sheet on the date of grant; (ii) the average closing price of HK$0.357 per Share as stated in the Stock Exchange’s daily quotation sheets for the five trading days immediately preceding the date of grant; and (iii) the nominal value of HK$0.10 per Share)

Number of Options : 26,800,000 Options

(each Option shall entitle the holder thereof to subscribe for one Share) Closing market : HK$0.350 per Share price of the Shares on the date of grant

Validity period of : The Options shall be exercisable during the period of 10 years from the Options granted the date of grant, i.e. from 22 December 2020 to 21 December 2030

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Among the Options granted above, 22,200,000 Options were granted to the directors and associate of any of them with details as follows:

Name of Grantee	Position	Number of Options granted
Lee Tat Hing	Executive director (Chairman)	7,500,000
Fung Mei Po	Executive director	7,500,000
	(Vice Chairperson and
	Chief Executive Officer)
Lee Chun Sing	Executive director	5,000,000
	(Vice Chairman)
Lee Kwok Sing Stanley	Executive director	1,100,000
Lai Lai Wah	Employee (Wife of Mr. Lee Chun	Sing) 1,100,000

Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined in the Listing Rules) of any of them.

The grant of Share Options to the directors and chief executive of the Company has been approved by the independent non-executive directors in accordance with 17.04(1) of the Listing Rules.

By Order of the Board Lee Tat Hing Chairman

World Houseware (Holdings) Limited

Hong Kong, 22 December 2020

As at the date of this announcement, the executive directors of the Company are Mr. Lee Tat Hing, Madam Fung Mei Po, Mr. Lee Chun Sing and Mr. Lee Kwok Sing Stanley; the nonexecutive director of the Company is Mr. Cheung Tze Man Edward; the independent nonexecutive directors of the Company are Mr. Tsui Chi Him Steve, Mr. Hui Chi Kuen Thomas, Mr. Ho Tak Kay and Mr. Shang Sze Ming.

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