Annual Report 2019

130 Transport International Holdings Limited 2019 Annual Report Directors’ Report Directors’ service contracts No Director proposed for re-election at the forthcoming Annual General Meeting has an unexpired service contract which is not determinable by the Company or any of its subsidiaries within one year without payment of compensation, other than normal statutory obligations. Directors’ interests in transactions, arrangements or contracts As disclosed in note 33(a) to the financial statements, certain subsidiaries of the Group entered into transactions with certain subsidiaries of a shareholder, Sun Hung Kai Properties Limited (“SHKP”). Certain Directors, namely Dr Norman Leung Nai Pang, Dr Eric Li Ka Cheung, Mr Raymond Kwok Ping Luen, Mr Allen Fung Yuk Lun and Dr Cheung Wing Yui are also directors of SHKP and/or Sun Hung Kai Properties Insurance Limited, and Mr Lee Luen Fai and Mr Lung Po Kwan are employees of SHKP. Among them, Mr Raymond Kwok Ping Luen is a director of SHKP and is materially interested in these transactions by virtue of his interest and deemed interest under Part XV of the SFO in more than 5% of the issued shares of SHKP. Save as disclosed above, no transaction, arrangement or contract of significance to which the Company or any of its subsidiaries was a party, and in which a Director of the Company had a material interest, subsisted at the end of the year or at any time during the year. Discloseable interests of shareholders in shares and short positions in shares, underlying shares and debentures At 31 December 2019, the interests or short positions of the persons, other than Directors and the chief executive of the Company, being 5% or more in the interest in the shares and underlying shares of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) which were notified to the Company and The Stock Exchange of Hong Kong Limited (“Stock Exchange”) pursuant to Divisions 2 and 3 of Part XV of the SFO and required to be entered in the register maintained by the Company pursuant to Section 336 of the SFO were as follows: Ordinary shares of HK$1 each Registered shareholders Corporate interests Trustee Interests Total number of shares held Percentage of total issued shares HSBC Trustee (C.I.) Limited – – 169,994,730 169,994,730 38.0% Sun Hung Kai Properties Limited (Notes 1 and 2) – 169,994,730 – 169,994,730 38.0% Arklake Limited (Note 1) 93,111,769 – – 93,111,769 20.8% Hung Fat (Hop Kee) General Contractors Limited (Note 1) 28,223,700 – – 28,223,700 6.3% Wister Investment Limited (Note 1) 25,037,326 – – 25,037,326 5.6% HSBC International Trustee Limited 37,805,269 – – 37,805,269 8.5% Kwong Tai Holdings (PTC) Limited (Note 3) 24,984,977 – – 24,984,977 5.6%