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Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Assumptions Used to Estimate Fair Value of Share Options

The fair value of share options was estimated using the following significant assumptions:

    

Granted in 2019

    

Granted in 2021

 

Risk-free interest rate

 

1.60%-2.60

%  

0.92

%

Volatility

 

35.66%-37.98

%  

40

%

Dividend yield

 

2.5

%

2.5

%

Life of option

 

6 years

 

6 years

Summary of Share Option Activity Under Option Plans

The following table summarized the Group’s share option activity under the option plans:

    

    

    

Weighted

    

Weighted 

Average 

Average 

Remaining  

Aggregate 

Number of 

Exercise

Contractual

Intrinsic 

Options

Price

Life

Value

USD

Years

USD

Share options outstanding at December 31, 2020

991,000

12.27

3.13

1,257,200

Granted

 

6,000

 

12.00

 

 

Exercised

 

 

 

 

Forfeited

 

(4,500)

 

12.27

 

 

Expired

 

 

 

 

Share options outstanding at December 31, 2021

 

992,500

 

12.27

 

2.14

 

Vested and expected to vest at December 31, 2021

 

992,500

 

12.28

 

2.14

 

Exercisable as of December 31, 2021

 

742,125

 

12.24

 

2.14