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COMBA TELECOM SYSTEMS HOLDINGS LIMITED
京 信 通 信 系 統 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2342)
SUPPLEMENTAL ANNOUNCEMENT
IN RELATION TO 2019 ANNUAL REPORT
Reference is made to the annual report of Comba Telecom Systems Holdings Limited (the "Company") for the year ended 31 December 2019 (the "2019 Annual Report"). Unless the context requires otherwise, capitalized terms used herein shall bear the same meanings as defined in the 2019 Annual Report. The purpose of this announcement is to provide further information.
Share Option Scheme
In respect of the share options exercised during the financial year ended 31 December 2019, set out below is the weighted average closing price of the shares immediately before the dates on which the share options were exercised:
Weighted average | |||
Number of | closing price of the | ||
shares immediately | |||
share options | before the dates on | ||
Name or category of participants | exercised | Exercise price of | which the share options |
during the year | share options | were exercised | |
HK$ per share | HK$ per share | ||
Executive directors | |||
Mr. Fok Tung Ling | 805,253 | 1.354 | 1.82 |
Mr. Zhang Yue Jun | 805,253 | 1.354 | 1.82 |
Mr. Bu Binlong | 1,288,408 | 1.354 | 1.8037 |
Non-executive director | |||
Mr. Wu Tielong | 644,000 | 1.354 | 1.93 |
Independent non-executive directors | |||
Mr. Lau Siu Ki, Kevin | 161,049 | 1.354 | 2.08 |
Dr. Lin Jin Tong | 216,049 | 1.255-1.354 | 1.86 |
Mr. Qian Ting Shuo | |||
(resigned on 15 January 2019) | 161,049 | 1.354 | 1.82 |
Other employees in aggregate | 62,432,897 | 1.17-1.354 | 1.8403 |
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Based on the valuation obtained by the Company, in respect of the share options granted on 8 April 2019, the value of the share options granted to the directors and the other employees in aggregate were approximately HK$19,010,000 and HK$29,997,000 respectively. Save as disclosed above, the Company did not grant share options to any other participants during the financial year ended 31 December 2019.
Other expenses and income and gains
In respect of the other expenses of approximately HK$237,211,000 as shown in the 2019 Annual Report, the relevant breakdowns are as follows:
Other expenses | |
HK$'000 | |
Amortization of operating license of ETL Company Limited | 23,322 |
Impairment of trade receivables and notes receivable | 81,984 |
Impairment of financial assets included in prepayments, other receivables | |
and other assets | 37,569 |
Depreciation of property, plant and equipment of ETL Company Limited | 85,456 |
Others | 8,880 |
Total | 237,211 |
In respect of the "others" item of approximately HK$19,270,000 under other income and gains of approximately HK$176,065,000 as shown in the 2019 Annual Report, the relevant breakdowns of the "others" item are as follows:
Other income and gains - Others | |
HK$'000 | |
Technical services income | 9,109 |
Penalty income | 3,992 |
Scrapped and recycled items sales income | 2,771 |
Administrative charge refund | 1,217 |
Other miscellaneous income | 2,181 |
Total | |
19,270 | |
By order of the Board
Comba Telecom Systems Holdings Limited
Fok Tung Ling
Chairman
Hong Kong, 27 August 2020
As at the date of this announcement, the Board comprises the following executive directors: Mr. FOK Tung Ling, Mr. ZHANG Yue Jun, Mr. XU Huijun, Mr. CHANG Fei Fu, Mr. BU Binlong and Ms. HUO Xinru; the following non-executive director: Mr. WU Tielong; and the following independent non-executive directors: Mr. LAU Siu Ki, Kevin, Dr. LIN Jin Tong, Ms. NG Yi Kum and Ms. LEUNG Hoi Wai.
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