On 29 July 2022, The Stock Exchange of Hong Kong Limited ("Exchange") published its consultation conclusions on the proposed amendments to the Listing Rules relating to share schemes of listed issuers. Share award schemes are increasingly popular among listed issuers in compensating, among others, their employees. Chapter 17 of the Main Board Listing Rules provides a framework that governs share option schemes, and the rule amendments will bring share award schemes under the governance of Chapter 17 as well.
The revised Listing Rules will come into effect on 1 January 2023. Issuers may adopt the revised rules for their share option schemes and/or share award schemes before the effective date.
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