Annual Report 2019

035 Transport International Holdings Limited 2019 Annual Report Business Review China Mainland Transport Operations SZBG has been operating public bus and taxi services in Shenzhen since 2005. SZBG has a fleet of over 5,900 buses, operating on more than 300 routes and more than 5,000 taxis. By continuously improving services, patronage of SZBG including its bus and taxi operation increased by 1.6% to 713.3 million in 2019 as compared to 701.8 million in 2018. The holder of ISO9001:2008 certification for the provision of bus transport services in Shenzhen, as one of the largest electric vehicle operators in China, SZBG is dedicated to upgrading its services and maintaining its business edge. With a fleet of more than 3,700 taxis, BBKT continues to put service quality first as it explores sustainable new business opportunities. Beijing Beiqi First Company Limited ( 北京北汽福斯特股份 有限公司 ) (“BBF”) Established in April 2013 as a Sino-foreign joint stock company with the same shareholding structure as BBKT, BBF operates the car rental business formerly undertaken by BBKT. BBF has more than 1,100 vehicles available for charter, mainly serving Beijing ( 北京 ) and Tianjin ( 天津 ). With ISO9001:2008 certification for quality management systems in car rental services, BBF is well placed to take advantage of the business opportunities afforded by business commuters as well as by the wide variety of events, conferences and exhibitions that are held in the capital. Beijing Beiqi Kowloon Taxi Company Limited ( 北京北汽九龍出租汽車股份有 限公司 ) (“BBKT”) KMB (Beijing) Taxi Investment Limited ( 九巴（北京）出租汽車投 資有限公司 ), a wholly-owned subsidiary of the Group, holds an equity interest of 31.38% in BBKT – the first Sino-foreign joint stock company to enter China Mainland’s taxi hire and car rental sector when it was established in 2003. BBKT operated both taxi hire and car rental businesses until April 2013, when, to sharpen its focus on the business opportunities provided by the booming but challenging car rental market, it spun off its car rental business to another Sino-foreign joint stock company, namely Beijing Beiqi First Company Limited ( 北京北汽福斯 特股份有限公司 ). To optimise opportunities, the Group invests in public transport in China Mainland