SHARE-BASED PAYMENTS TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023		Granted during year		Exercised during year		Forfeited during year			Expired during year		Outstanding at December 31, 2023
September 30, 2019		6,957,000		-		-		(360,000	)		-		6,597,000
August 18, 2020		1,203,000		-		-		-			-		1,203,000
		8,160,000		-		-		(360,000	)		-		7,800,000
Exercisable at the end of the year													7,800,000
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, 2022		Granted during year		Exercised during year		Forfeited during year		Expired during year		Outstanding at December 31, 2022
September 30, 2019		6,957,000		-		-		-		-		6,957,000
August 18, 2020		1,203,000		-		-		-		-		1,203,000
		8,160,000		-		-		-		-		8,160,000
Exercisable at the end of the year												8,160,000
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		-