Annual Report 2025

121 2025 Annual Report Transport International Holdings Limited On 30 December 2025, KTRE and TRL entered into the Office Premises Leasing Management Agreement (the “ 2026-2028 Office Premises Leasing Management Agreement ”) and Retail Premises Leasing Management Agreement (the “ 2026- 2028 Retail Premises Leasing Management Agreement ”) with SHKRE(SL), pursuant to which SHKRE(SL) was appointed as the exclusive marketing and leasing agent and administrator for the units in the office and retail premises and parking spaces in The Millennity and Scramble Hill for a term of three years commencing from 1 January 2026 to 31 December 2028 (collectively, the “ 2026-2028 Office and Retail Premises Leasing Management Agreements ”). On 30 December 2025, KTRE and TRL entered into the Property Management Agreement with KSMS, pursuant to which KSMS was appointed as the property manager for the units in the office/retail premises (excluding parking space(s)) in The Millennity and Scramble Hill for a term of three years commencing from 1 January 2026 to 31 December 2028 (the “ 2026-2028 Property Management Agreement ”). The transactions contemplated under the 2023-2025 Office and Retail Premises Leasing Management Agreements, the 2023-2025 Property Management Agreement, the 2026-2028 Office and Retail Premises Leasing Management Agreements and the 2026-2028 Property Management Agreement constitute continuing connected transactions of the Company, particulars of which were disclosed in the announcements of the Company dated 29 December 2022 and 30 December 2025 respectively. The cap amounts of the office and retail premises leasing management fees and other expenses payable by KTRE to SHKRE(SL) under the 2023-2025 Office Premises Leasing Management Agreement and the 2023-2025 Retail Premises Leasing Management Agreement for each of the three years ended/ending 31 December 2023, 2024 and 2025, as disclosed in the announcement dated 29 December 2022, were approximately HK$186,525,000 and HK$54,290,000 each year respectively. Such annual cap amounts were determined based on the maximum number of units estimated to be let or licensed in The Millennity and the remuneration rates as specified under the 2023-2025 Office and Retail Premises Leasing Management Agreements. For the year ended 31 December 2025, the leasing management fees and other expenses paid and payable to SHKRE(SL) under the 2023-2025 Office Premises Leasing Management Agreement and 2023- 2025 Retail Premises Leasing Management Agreement were HK$3,590,000 (2024: HK$2,048,000) and HK$11,000 (2024: HK$Nil) respectively. The cap amounts of the office leasing management fees and other expenses payable by KTRE to SHKRE(SL) under the 2026-2028 Office Premises Leasing Management Agreement for the three years ending 31 December 2026, 2027 and 2028, as disclosed in the announcement dated 30 December 2025, would be approximately HK$8,750,000, HK$8,250,000 and HK$8,250,000 each year respectively. The cap amounts of the retail premises leasing management fees and other expenses payable by KTRE to SHKRE(SL) under the 2026-2028 Retail Premises Leasing Management Agreement for the three years ending 31 December 2026, 2027 and 2028, as disclosed in the announcement dated 30 December 2025, would be approximately HK$16,250,000, HK$8,000,000 and HK$6,000,000 each year respectively. Such annual cap amounts were determined based on the remuneration rates as specified under the 2026-2028 Office and Retail Premises Leasing Management Agreements, the maximum number of units estimated to be let or licensed in The Millennity and Scramble Hill during the respective financial years, and with reference to the historical transaction amounts. The cap amounts of the property manager’s remuneration and other expenses payable by KTRE to KSMS under the 2023-2025 Property Management Agreement for each of the three years ended 31 December 2023, 2024 and 2025, as disclosed in the announcement dated 29 December 2022, would be approximately HK$7,185,000 each year. Such annual cap amounts were determined based on the number of units in The Millennity and the remuneration rates as specified under the 2023-2025 Property Management Agreement. For the year ended 31 December 2025, the property manager’s remuneration and other expenses paid and payable to KSMS under the 2023-2025 Property Management Agreement was HK$6,573,000 (2024: HK$5,620,000).