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Glorious Property
Annual Report 2011
Substantial Shareholder’s Interests in the Share Capital of the Company
As at 31 December 2011, the interests of substantial shareholder (other than the Directors) in the shares or underlying
shares of the Company which were required to be notified to the Company pursuant to Divisions 2 and 3 of Part XV of
the SFO, or which were required to be recorded in the register required to be kept by the Company under Section 336
of the SFO were as follows:
Name
Capacity in
which ordinary
shares were held
Number of
ordinary shares
Long position/
Short position/
Lending pool
Approximate %
of shareholding
(2)
Best Era International Limited
(1)
Beneficial owner
4,978,923,436 Long position
63.89
Notes:
(1) Best Era International Limited is wholly-owned by Mr. Zhang Zhi Rong, who is also the sole director of Best Era International Limited.
(2) The percentage has been compiled based on the total number of ordinary shares of the Company in issue as at 31 December 2011 (i.e. 7,792,645,623
ordinary shares).
Apart from the aforesaid, as at 31 December 2011, the Company had not been notified of any interests or short positions
in the shares or underlying shares of the Company which were required to be notified to the Company pursuant to
Divisions 2 and 3 of Part XV of the SFO, or which were required to be recorded in the register required to be kept by
the Company under Section 336 of the SFO.
Share Option Schemes
Pursuant to the resolutions in writing passed by all the shareholders of the Company on 9 September 2009, the
Company conditionally approved and adopted a pre-IPO share option scheme (the “Pre-IPO Share Option Scheme”)
and 84,000,000 share options had been granted to its Directors and employees which are exercisable for a ten-year
period from the grant date. No further options will be offered or granted by the Company pursuant to the Pre-IPO Share
Option Scheme. The purpose of the Pre-IPO Share Option Scheme is to give the participants an opportunity to acquire a
personal stake in the Company and help motivate such participants and retain the participants whose contributions are
important to the long term growth and profitability of the Group. As at 31 December 2011, the total number of shares
in respect of the outstanding options granted under the Pre-IPO Share Option Scheme was 78,000,000 shares, which is
equivalent to approximately 1% of the total issued share capital of the Company.
Pursuant to the resolutions in writing passed by all the shareholders of the Company on 9 September 2009, the
Company also approved and adopted a share option scheme for the purpose of enabling the Group to grant options to
selected participants as incentives or rewards for their contribution to the Group (the “Share Option Scheme”). During
the year ended 31 December 2011, no share options had been granted under the Share Option Scheme.