Amendments to Hong Kong Listing Rules Governing Incentive Share Schemes to take effect from 1 January 2023

September 2022

On 29 July 2022, the Stock Exchange of Hong Kong (the “Exchange”) has published the conclusion paper to its 2021 consultation on “Proposed Amendments to Listing Rules relating to Share Schemes of Listed Issuers” (the “Consultation Paper”) setting out its renewed position on the requirements which will apply to listed companies when granting share options or share awards under equity-based incentive schemes.

This alert sets out an overview of the amended Listing Rules (with transitional arrangements) which will take effect on 1 January 2023 (“Amended Listing Rules”), as well as the major changes made to the existing Listing Rules.