Annual Report 2024

264 2024 Annual Report Transport International Holdings Limited NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars unless otherwise indicated) 35 Material related party transactions (continued) (b) Key management personnel remuneration Remuneration for key management personnel represents amounts paid to the Company’s Directors as disclosed in note 7. (c) Applicability of the Listing Rules relating to connected transactions The related party transactions as described in note 35(a)(i) above constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. The Company has complied with the reporting requirements under Chapter 14A of the Listing Rules in respect of the Shuttle Bus Service Contracts by including the relevant disclosures in the section headed “Continuing Connected Transactions” under “Financial Review” on pages 124 to 127 of this Annual Report. The related party transactions as described in notes 35(a)(ii) and 35(a)(vi) above, in which the relevant SHKP Group companies and KSMS acted as agents for collection of the coach service fees and other management expenses, did not fall within the definition of connected transactions of the Company under Chapter 14A of the Listing Rules. The related party transactions as described in notes 35(a)(iii), 35(a)(v), 35(a)(vii) and 35(a)(viii) above constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. The Company has complied with the reporting requirements under Chapter 14A of the Listing Rules by including the relevant disclosures in the section headed “Continuing Connected Transactions” under “Financial Review” on pages 124 to 127 of this Annual Report. The related party transaction as described in note 35(a)(iv) above constitute continuing connected transaction of the Company as defined in Chapter 14A of the Listing Rules. However, they are fully exempt from shareholders’ approval, annual review and all disclosure requirements in Chapter 14A of the Listing Rules pursuant to Rule 14A.73(1). The related party transaction as described in notes 35(a)(ix), 35(a)(x) and 35(a)(xi) above constitute connected transactions of the Company as defined in Chapter 14A of the Listing Rules. The relevant reporting requirements pursuant to Chapter 14A of the Listing Rules have been complied with by including disclosures in the Company’s annual report published immediately following the entering into for transactions described in notes 35(a)(ix), 35(a)(x) and 35(a)(xi).