Annual Report 2019

196 Transport International Holdings Limited 2019 Annual Report Notes to the Financial Statements (Expressed in Hong Kong dollars unless otherwise indicated) Percentage of ownership interest Name of company Place of incorporation and business Particulars of issued and paid-up capital Group’s effective interest Held by the Company Held by subsidiaries Principal activity Hoi Tai Tours Limited Incorporated in Hong Kong and operates in Hong Kong and the PRC 20,000 shares 100 – 100 Provision of non- franchised bus services GD Bonwell Champion Tours Co. Limited Incorporated in Hong Kong and operates in Hong Kong and the PRC 10,000 shares 100 – 100 Provision of non- franchised bus services GD Bonwell Yip Wai Tours Co. Limited Incorporated in Hong Kong and operates in Hong Kong and the PRC 10,000 shares 100 – 100 Provision of non- franchised bus services Zhan Gang Tourist Transportation Company Limited Incorporated in Hong Kong and operates in Hong Kong and the PRC 500,000 shares 100 – 100 Provision of non- franchised bus services Right Concept Transportation Limited Incorporated in Hong Kong and operates in Hong Kong and the PRC 5 shares 100 – 100 Provision of non- franchised bus services Power Crown Limited Hong Kong 1 share 100 – 100 Provision of non- franchised bus services in Hong Kong Eagle Win Limited Hong Kong 1 share 100 – 100 Provision of non- franchised bus services in Hong Kong Lai Chi Kok Properties Investment Limited Incorporated in the British Virgin Islands and operates in Hong Kong 1 share of US$1 100 – 100 Property Investment 16 Interest in subsidiaries (continued)