Lenovo 2014 Annual Report Download - page 113

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2013/14 Annual Report Lenovo Group Limited
DIRECTORS’ INTERESTS (continued)
Interests in the shares and underlying shares of the Company (continued)
Notes:
1. Share awards represent underlying shares convertible into shares. Details of share awards are set out under the section “Long-Term Incentive
Program” of Compensation Committee Report on page 78 of this annual report.
2. The approximate percentage of interests is based on the shares/underlying shares comprising the interests held as a percentage of all the issued
share of the Company of the same class immediately after the relevant event and as recorded in the register maintained under section 352 of the
SFO.
3. The shares are held by Sureinvest Holdings Limited in which Mr. Yang Yuanqing holds more than one-third of the issued share capital. Therefore,
Mr. Yang is taken to have an interest in 661,000,000 shares under the SFO and such interest is also reported under the below section headed
“Substantial Shareholders’ and Other Persons’ Interests”
Save as disclosed above, as at March 31, 2014, none of the directors or chief executive of the Company or their
associates had any interests or short positions in the shares, underlying shares or debentures of the Company or
its associated corporations (within the meaning of Part XV of the SFO) as recorded in the register maintained by the
Company under section 352 of the SFO or as otherwise notified to the Company and the Stock Exchange pursuant to
the Model Code.
DIRECTORS’ RIGHTS TO ACQUIRE SHARES OR DEBENTURES
Share Option Scheme
At an extraordinary general meeting of the Company held on March 25, 2002, the shareholders of the Company
approved the adoption of a new share option scheme (the “New Option Scheme”) and termination of the share option
scheme that was adopted on January 18, 1994.
Pursuant to the terms of New Option Scheme, the New Option Scheme shall be valid and effective for a period of 10
years commencing on the adoption date and expiring on the tenth anniversary of the adoption date. Accordingly, the
New Option Scheme had been expired on April 26, 2012, and no further options could thereafter be granted under the
New Option Scheme. However, all remaining provisions will remain in full force and effect to govern the exercise of all
the options granted under the New Option Scheme prior its expiration.
1. New Option Scheme
(a) Purpose
The New Option Scheme became effective on April 26, 2002. It serves as a way of providing incentives to
and attracting qualified participants for better performance of the Group by allowing them to participate in
increases in the value of the Company.
(b) Qualified participants
1. (i) any employee or officer, executive or non-executive director (or persons proposed to be appointed
as such) of the Group;
(ii) any consultant, professional or other adviser to the Group;
(iii) any director, executive and senior officer of any associated company of the Company; and
(iv) the trustee of any trust pre-approved by the directors of which the beneficiary (or in case of
discretionary trust, the discretionary objects) include any of the above-mentioned persons; and
2. (i) any customer, supplier, agent, partner, distributor, professional or other advisers of, or consultants
or contractors to, the Group; and
(ii) the trustee of any trust pre-approved by the directors of which the beneficiary (or in case of
discretionary trust, the discretionary objects) include any of the above-mentioned persons.