Pursuant to the appendix to the Exchange Letter, in the event of any consolidation or sub-division of the share capital of the Company, the exercise price of, and the number of shares of the Company issuable under, the Service Option shall be adjusted according to the ratio of the share consolidation or share sub-division whereas in the event of bonus issue of the shares of the Company, the exercise price of the Service Option will be reduced with reference to the bonus issue proportion while the number of shares of the Company issuable under the Service Option will be increased with reference to the bonus issue proportion, in each case, with an intent that the intrinsic value of the Service Option remains unchanged before and after the relevant corporate action.

根据联交所函件附件,倘对本公司股本进行任何合并或拆细,则根据服务购股权将予发行之 本公司股份之行使价及数目须根据 股份合并或股份拆细之比率作出调整,然而,倘本公司股 份进行红股发行,则服务购股权之行 使 价将 参 考 红 股发 行比例予以削减,而根据服务购股权 将予发行之本公司股份数目将参考红股发行比例予以增加,两种情况均旨在将服务购股权在 相关公司行动前后之内在价值维持不变。

      An option is described as being at the money when the exercise price is approximately the same as that of the underlying instrument. 

      当期权的行使价非常接近标的资产的市价时，期权即处于平值状态。 平值期权实际上可以是处于略为价内或价外的状态。

     The practice of other countries are involved with stock sources, grant subject, grant object, exercise price, exercise way. We should learn experience from foreign mature system. 

      国外股票期权制度实践涉及股票来源、授予主体、授予客体、行权价格、行权方式等，其成熟的经验制度值得我国借鉴。