ANNUAL REPORT 2025 109 CORPORATE GOVERNANCE REPORT The table below disclosed (a) the remuneration of the CEO and (b) in bands of S$250,000, the remuneration of the key management personnel (other than the CEO) for the fi nancial year ended 31 December 2025: Key management personnel Salary (%) Variable (%) Benefi ts (%) Total (%) S$1,000,001 to S$1,250,000 Mr. Ivor Chow CEO Managing Director, HIT 44 51 5 1001,2 S$750,001 to S$1,000,000 Mr. Lawrence Shum Managing Director, YANTIAN 49 46 5 1004 S$500,001 to S$750,000 Ms. Ma Xiaoli Managing Director, COSCO-HIT 50 44 6 1004 Mr. Raymond Lam Chief Operating Officer of Hong Kong Seaport Alliance Director – Operations, HIT 61 32 7 1004 Mr. Raymond Chan Chief Operating Officer, YANTIAN (resigned with eff ect from 1 February 2026) 57 38 5 1004 S$250,001 to S$500,000 Ms. Ivy Tong CFO and Investor Relations Offi cer (appointed with eff ect from 5 May 2025) 64 29 7 1003 Less than S$250,000 Mr. Jimmy Ng CFO and Investor Relations Offi cer (resigned with eff ect from 5 May 2025) 72 19 9 1003 Notes: 1 The variable portion of the total remuneration package paid to Mr. Ivor Chow, the CEO, includes long-term incentives, which accounts for 20% of the variable portion, or 10% of the total remuneration. No unit options, unit-based incentives and awards were granted. 2 The total remuneration paid to Mr. Ivor Chow, the CEO, was S$1,093,856, of which S$877,856 (49% as salary, 33% as variable, 13% as long-term incentives and 5% as benefi ts) was paid by HIT in relation to his role as Managing Director of HIT and S$216,000 (27% as salary and 73% as variable) was paid by the Trustee-Manager (out of its own account). 3 Most of the total remuneration paid to Ms. Ivy Tong and Mr. Jimmy Ng, the CFO and Investor Relations Officer, was paid by HPHT Limited and the remainder was paid by the Trustee-Manager (out of its own account). 4 Most of the aggregate compensation of the relevant key management personnel was paid by the relevant operating subsidiaries of the Group (i.e. YANTIAN to Mr. Lawrence Shum in relation to his role as Managing Director of YANTIAN; YANTIAN to Mr. Raymond Chan in relation to his role as Chief Operating Officer of YANTIAN; HIT to Mr. Raymond Lam in relation to his role as Chief Operating Officer of Hong Kong Seaport Alliance and Director – Operations of HIT; and COSCO-HIT to Ms. Ma Xiaoli in relation to her role as Managing Director of COSCO-HIT). In 2025, the total remuneration paid to the above key executives (excluding the CEO) was S$3,062,409. 5 Remuneration of key management personnel are paid in Hong Kong dollar (“HK$”) while the table above refl ects the remuneration translated in Singapore dollar (“S$”) based on the 2025 average HK$/S$ exchange rate. Therefore, the remuneration set out in the table above are subject to currency exchange rates fl uctuations. The remuneration package of key management personnel comprised base salaries, variable bonus, long-term incentive award and benefi ts. Base salaries were determined based on the responsibilities of the job function and the market pay level of similar positions. The variable bonus and long-term incentive award were determined based on the Group’s performance, the individual’s overall work performance and achievement of the agreed performance targets. Long- term incentive awards are vested into cash over the vesting period of 3 years. Benefi ts mainly refer to the provisions of retirement and medical benefi ts which are in line with general market practice.
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