Annual Report 2025

169 2025 Annual Report Transport International Holdings Limited DIRECTORS’ REPORT Equity-linked agreement (Continued) Share option scheme (the “Scheme”) (Continued) On 31 March 2023, a total of 16,350,000 share options were granted by the Company, of which, 6,980,000 share options were granted to 15 Directors and 9,370,000 share options were granted to certain employees of the Group and subsequently 15,970,000 share options were accepted by the grantees. Such share options were exercisable during the period from 31 March 2024 to 30 March 2028. The number of share options available for grant under the Scheme was 4,528,941 on both 1 January 2025 and 31 December 2025. During the year ended 31 December 2025, no share option had been granted by the Company under the Scheme. The number of shares that may be issued in respect of share options granted under the Scheme as at 31 December 2025 was 10,918,400 shares, representing 2.1% of the weighted average number of shares in issue for the year. As at the date of Annual Report, the total number of shares available for issue under the Scheme was 15,300,941 shares, representing 2.9% of the issued shares of the Company. At 31 December 2025, certain Directors of the Company and certain employees of the Group had the following interests in options to subscribe for shares of the Company (market value per share at 31 December 2025 was HK$10.60) granted for a consideration of HK$1 under the share option scheme of the Company. As at 31 December 2025, the total grant date fair value of unexercised vested and unvested options, measured in accordance with the accounting policy set out in note 1(x)(iii) to the consolidated financial statements, amounted to HK$7,441,164 and HK$1,727,615, respectively. The options are unlisted. Once vested, each option gives the holder the right to subscribe for one ordinary share of the Company. Assuming that all the options outstanding as at 31 December 2025 are exercised, the Company will receive proceeds of HK$115,735,040.