Annual Report 2025

172 Transport International Holdings Limited 2025 Annual Report DIRECTORS’ REPORT Number of share option Outstanding as at 1 January 2025 Granted during the year Exercised during the year Cancelled during the year Lapsed during the year Outstanding as at 31 December 2025 Date granted Period during which options are exercisable Exercise price per share Market value per share at date of grant of options* Market value per share on exercise of options # Directors (Continued) CHEUNG Wing Yui 400,000 – – – (400,000) – 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – – – – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 – LEE Luen Fai 400,000 – – – (400,000) – 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – – – – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 – LUNG Po Kwan 400,000 – – – (400,000) – 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – – – – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 – Eric LI Ka Cheung 400,000 – – – (400,000) – 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – – – – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 – LIU Pak Wai 400,000 – – – (400,000) – 19 November 2020 19 November 2021 to 18 November 2025 (note 1) HK$15.32 HK$15.32 – 430,000 – – – – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (note 3) HK$10.60 HK$10.60 – Equity-linked agreement (Continued) Share option scheme (the “Scheme”) (Continued)