Annual Report 2019

109 Transport International Holdings Limited 2019 Annual Report Corporate Governance Report Engagement with Stakeholders Shareholders The Company had 3,867 registered shareholders as at 31 December 2019. The shareholders comprise individual shareholders, institutional investors plus people and organisations holding shares via financial intermediaries such as nominees, investment funds and the Central Clearing and Settlement System (“CCASS”) of Hong Kong. The names of the shareholders holding 5% or more of the shares of the Company as at 31 December 2019, other than those who are also Directors of the Company, are disclosed in the Report of the Directors on page 130 of this Annual Report. The largest single shareholder of the Company is Sun Hung Kai Properties Limited, which retains an equity interest of about 38.04% in the Company. As at 31 December 2019, the shareholding distribution of the Company was as follows: Size of registered shareholding Number of shareholders % of shareholders Number of shares (Note) % of issued share capital 0-1,000 1,408 36.41 445,097 0.10 1,001-5,000 1,449 37.47 3,421,430 0.77 5,001-10,000 423 10.94 3,221,559 0.72 10,001-100,000 477 12.34 14,006,437 3.13 Above 100,000 110 2.84 425,846,488 95.28 3,867 100.00 446,941,011 100.00 Note: 45.64% of all TIH’s issued shares were held through CCASS. Based on information that is publicly available to the Company and the Directors, the Company has maintained a sufficient public float of its share capital in the Hong Kong stock market throughout the financial year ended 31 December 2019. Shareholder Communications Policy Transparency is vital to good corporate governance. The Board has formulated the Shareholder Communications Policy to provide shareholders with information about the Company, allowing them to engage with the Company and obtain information about the Company to exercise their rights as shareholders. The Shareholder Communications Policy is posted on the Company’s website and is reviewed regularly to ensure its effectiveness. The Company adopts various communication channels, including press releases, announcements, circulars and interim and annual reports, to convey messages to the shareholders. Interim and annual reports, notices of general meetings, announcements and circulars in English and Chinese are posted on the Company’s website (www.tih.hk ) and the website of the Stock Exchange. They are also delivered to shareholders within the respective deadlines stipulated by the Listing Rules. Other information of interest to shareholders and the public is also available on the Company’s website. Annual Reports The annual report is a unique source of information for shareholders and other stakeholders who wish to understand the business of the Group. Senior management endeavours to make the annual report informative, comprehensible and transparent, with a sufficient level of disclosure. There are both English and Chinese versions of the annual report and both printed and electronic copies are available to shareholders. In the interests of environmental preservation and economy, the Company encourages its shareholders to choose the electronic version of all the Company’s corporate communications such as the annual and interim reports, notices of meetings, listing documents, circulars and forms of proxy. Shareholders are at liberty to change their choice of language or means of receiving the Company’s corporate communications by giving written notice of not less than seven days to the Company’s share registrar, Computershare Hong Kong Investor Services Limited, or by emailing tih.ecom@computershare.com.hk . Over the years, the Company’s annual reports have won widespread recognition in local and international award programmes. In 2019, the Company won the Bronze Award for Financial Data in the Transportation and Leasing category of the 2019 International ARC Awards.