Annual Report 2019

034 Transport International Holdings Limited 2019 Annual Report Business Review China Mainland Transport Operations Shenzhen Bus Group Company Limited ( 深圳巴士集團股份有限公司 ) (“SZBG”) SZBG is a Sino-foreign joint stock company formed by KMB (Shenzhen) Transport Investment Limited ( 九巴 （深圳）交通投資有限公司 ), a wholly-owned subsidiary of the Group, and four Mainland investors. The Group has a 35% interest in SZBG.