v3.26.1
SHARE-BASED PAYMENTS TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Share-based Payments Transactions  
SCHEDULE OF SPECIFIC CATEGORIES OF OPTIONS

a) Details of specific categories of options are as follows:

 

Date of grant   Vesting period   Exercise period   Exercise Price   Exercise dates
September 30, 2019   Vested upon grant date   September 30, 2019–September 29, 2029   HK$4.661 per share   Not yet exercised
                 
August 18, 2020   Vested upon grant date   August 18, 2020 – August 17, 2030   HK$4.661 per share   Not yet exercised
SCHEDULE OF MOVEMENTS OF THE SCHEME

b) The following table discloses movements of the Scheme during the year:

 

Option grant date  Outstanding at January 1, 2025   Granted during year   Exercised during year   Forfeited during year   Expired during year   Outstanding at December 31, 2025 
September 30, 2019   6,387,000       -       -    (4,507,000)      -    1,880,000 
Exercisable at the end of the year   6,387,000                        1,880,000 
                               
Weighted average exercise price  HK$4.661    -    -    -    -   HK$4.661 

 

The following table discloses movements of the Scheme during the prior year:

 

Option grant date  Outstanding at January 1, 2024   Granted during year   Exercised during year   Forfeited during year   Expired during year   Outstanding at December 31, 2024 
September 30, 2019   6,597,000       -       -    (210,000)   -    6,387,000 
August 18, 2020   1,203,000    -    -    (1,203,000)   -    - 
    7,800,000    -    -    (1,413,000)   -    6,387,000 
Exercisable at the end of the year                            6,387,000 
                               
Weighted average exercise price  HK$4.661    -    -    -    -   HK$4.661 
SCHEDULE OF MEASUREMENT OF FAIR VALUE SHARE OPTIONS GRANTED

 

Underlying stock price  HK$0.235 
Exercise price  HK$4.661 
Expected volatility   2.86 
Expected life   10 years 
Risk-free rate   1.20%
Expected dividend yield   -