a non-executive or independent director of the Company; and (v) Has fulfilled any other eligibility criteria which has been determined by the LTIP Committee at its discretion from time to time, as the case may be. The LTIP Committee may determine any other eligibility criteria for the purpose of selecting an eligible employee at any time and from time to time, at its discretion. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 287 34 STAFF COST (CONTINUED) LTIP (continued) (e) Ranking of the new ordinary shares The new ordinary shares to be allotted and issued pursuant to the LTIP shall, upon allotment and issuance, rank equally in all respects with the then existing issued ordinary shares. The new ordinary shares to be allotted and issuedpursuant to the vesting of the grant under the LTIP shall not be entitled to any dividends, rights, allotments and/or any other distributions, for which the entitlement date is prior to the date on which the new ordinary shares are credited into the Central Depository System (‘CDS’) accounts of the respective grantees upon vesting of the grant under the LTIP. (f) Alteration of share capital and adjustment If the LTIP Committee so decides (but not otherwise), in the event of any alteration in the capital structure of the Company during the duration of LTIP, which expires on 29 April 2025, such corresponding alterations (if any) may be made to the LTIP in: (i) The number of unvested new ordinary shares comprised in a grant; and/or (ii) The method and/or manner in the vesting of the new ordinary shares comprised in a grant. The movement in the total number of share grants during the financial year is as follows: At 1.1.2023 ‘000 Granted ‘000 Forfeited ‘000 Vested ‘000 At 31.12.2023 ‘000 2023 Group LTIP 6 RS Grant 7,726.7 0 (349.7) (7,377.0) 0 PS Grant 2,152.9 0 (2,152.9) 0 0 LTIP 7 RS Grant 22,015.4 0 (1,064.5) (10,854.8) 10,096.1 PS Grant 2,832.9 0 (516.6) 0 2,316.3 LTIP 8 RS Grant 47,126.3 0 (2,255.7) (16,022.7) 28,847.9 PS Grant 4,370.2 0 (693.1) 0