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Equity-Settled Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Options The options usually lapse after one year following the employee leaving the Group.

 

 

2024

 

 

2023

 

 

2022

 

 

Number of
ADSs (1)

 

 

Weighted
Average
Exercise
price

 

 

Aggregate Intrinsic Value

 

 

Number of
ADSs (1)

 

 

Weighted
Average
Exercise
price

 

 

Aggregate Intrinsic Value

 

 

Number of
ADSs (1)

 

 

Weighted
Average
Exercise
price

 

 

Aggregate Intrinsic Value

 

 

 

 

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

 

 

 

 

$

 

 

$

 

Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at the beginning of the year

 

 

5,284,486

 

 

 

14.80

 

 

 

-

 

 

 

3,857,162

 

 

 

15.10

 

 

 

-

 

 

 

2,684,233

 

 

 

7.32

 

 

 

-

 

Granted during the year

 

 

1,267,514

 

 

 

18.05

 

 

 

-

 

 

 

2,567,942

 

 

 

14.01

 

 

 

-

 

 

 

1,940,377

 

 

 

22.30

 

 

 

-

 

Lapsed or forfeited during the year

 

 

(264,056

)

 

 

19.82

 

 

 

-

 

 

 

(871,309

)

 

 

18.50

 

 

 

-

 

 

 

(709,531

)

 

 

29.25

 

 

 

-

 

Exercised during the year

 

 

(469,481

)

 

 

6.55

 

 

 

-

 

 

 

(269,309

)

 

 

1.89

 

 

 

-

 

 

 

(57,917

)

 

 

3.20

 

 

 

-

 

Outstanding at the year-end (ADS/$)

 

 

5,818,463

 

 

 

15.95

 

 

 

-

 

 

 

5,284,486

 

 

 

14.80

 

 

 

13,264,060

 

 

 

3,857,162

 

 

 

15.10

 

 

 

578,574

 

Exercisable at the year-end

 

 

2,870,106

 

 

 

15.94

 

 

 

-

 

 

 

2,420,614

 

 

 

14.34

 

 

 

-

 

 

 

1,889,460

 

 

 

13.24

 

 

 

-

 

Summary Fair Value of Options Granted were Calculated Using Black Scholes Model The fair value of options granted were calculated using Black Scholes model. Inputs into the model were as follows:

 

 

2024

 

 

2023

 

 

2022

 

Inputs and assumptions for options granted in the year:

 

 

 

 

 

 

 

 

 

Weighted average ADS price ($)

 

 

18.1

 

 

 

14.0

 

 

 

19.5

 

Weighted average ADS price ($)

 

 

18.1

 

 

 

14.0

 

 

 

24.4

 

Option life (years)

 

6.2

 

 

 

6.0

 

 

 

8.9

 

Expected volatility

 

74.4%-78.6%

 

 

72%-79%

 

 

56%-74%

 

Risk free rate

 

3.39%-3.97%

 

 

3.16%-4.43%

 

 

1.16%-3.57%

 

Expected dividend yield

 

nil

 

 

nil

 

 

nil

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant data fair value ($)

 

12.6

 

 

9.4

 

 

11.5