The total fair value of the Share Option at the date of grant is approximately US$499,000 (equivalent to RMB3,216,000) calculated using the Binomial Option Pricing model. The major assumptions used for the calculation are as follows:
|
Share price at date of grant |
US$ | 1.175 | ||
|
Exercise price |
US$ | 1.175 | ||
|
Expected volatility |
38.14 | % | ||
|
Expected life |
8 years | |||
|
Risk free rate |
2.00 | % |