Annual Report 2019

Report of the Directors 84 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED DIRECTORS’ INTERESTS IN SECURITIES As at 31 December 2019, the interests of the Directors of the Company in the securities of the Company and its associated corporations, within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong) (the “ SFO ”), as recorded in the register maintained by the Company under Section 352 of the SFO were as follows: Shares and Share Options in the Company Name of Director Capacity Nature of interest Number of shares held in the Company Number of shares in the Company subject to share options granted Percentage of aggregate long position in shares held to the issued shares as at 31 December 2019 Mr. Fu Gangfeng Beneficial owner Personal interest 2,266 — 0.0001% Mr. Lee Yip Wah Peter Beneficial owner Personal interest 224,912 — 0.0065% 227,178 — 0.0066% Save as disclosed above and based on the register maintained by the Company under section 352 of the SFO, as at 31 December 2019, none of the Directors or chief executive of the Company or any of their associates had any interests and short positions in the shares, underlying shares and debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) which are required, pursuant to section 352 of the SFO, to be entered in the register or which are required, pursuant to the Model Code, to be notified to the Company and the Stock Exchange. Apart from the share option schemes disclosed below, at no time during the year was any of the Company, its subsidiaries, its fellow subsidiaries or its holding companies a party to any arrangement which enables the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate. PENSION SCHEME Details of the pension scheme, maintained by the Group, contributions made and forfeiture utilised during the year are set out on page 146 to 148 of this Annual Report. SHARE OPTION SCHEME At an extraordinary general meeting of the Company held on 9 December 2011 (the “ Adoption Date ”), the shareholders of the Company adopted the new share option scheme (the “ Share Option Scheme ”) and the previous share option scheme was terminated on the same date. Under the Share Option Scheme the Board may, at its discretion, invite any director or employee of the Company or any of its subsidiaries or associates, to take up options to subscribe for fully paid ordinary shares in the Company subject to the terms and conditions stipulated therein. In view of the on-going support given to the Company by the CMHK Group (representing China Merchants Holdings (Hong Kong) Company Limited (“ CMHK ”), an intermediate holding company of the Company, together with its subsidiaries (excluding the Group) and associated companies), the Board considered that it is in the best interests of the Company to extend the Share Option Scheme to directors and employees of members of the CMHK Group, together with directors and employees of the Company, its subsidiaries and associates (the “ Eligible Persons ”).