If options have been granted under a previous scheme, the circular to shareholders seeking approval for the new scheme must disclose the following about the previous scheme:
(1) total numbers of shares reserved and allotted;
(2) number of participants;
(3) any material conditions to which the options are subject; and
(4) the following details of options granted to directors of the issuer, and participants who are controlling shareholders and their associates:
(a) dates options were granted;
(b) number of shares offered under the options; and
(c) number of shares allotted upon exercise of options.