Annual Report 2023

174 2023 Annual Report Transport International Holdings Limited Directors’ Report No. of options outstanding at 1 January 2023 No. of shares granted during the year No. of shares forfeited during the year No. of options outstanding at 31 December 2023 Date granted Period during which options are exercisable Exercise price per share Market value per share at date of grant of options* Directors (continued) NG Siu Chan 400,000 – – 400,000 19 November 2020 19 November 2021 to 18 November 2025 (notes 1 & 5) HK$15.32 HK$15.32 – 430,000 – 430,000 31 March 2023 31 March 2024 to 30 March 2028 (notes 3 & 5) HK$10.60 HK$10.60 William LOUEY Lai Kuen 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 Charles LUI Chung Yuen 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 Winnie NG 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 Allen FUNG Yuk Lun 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 (continued)