Annual Report 2020

2020 Annual Report Transport International Holdings Limited 127 The Company engaged KPMG as its external auditors to audit the financial statements of the Company for the year ended 31 December 2020. KPMG has formally confirmed in writing to the Audit and Risk Management Committee that for the year ended 31 December 2020 and up to the date of this Annual Report, it remains independent of the Group in accordance with the independence requirements of the HKICPA. The fees for services rendered by KPMG to the Group for the year ended 31 December 2020 are set out below: HK$ million Audit related services 4.2 Non-audit related services (Note) 1.1 Total 5.3 Note: Non-audit related services mainly consist of other review and reporting services. Engagement with Stakeholders Shareholders The Company had 3,816 registered shareholders as at 31 December 2020. 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 2020, other than those who are also Directors of the Company, are disclosed in the Report of the Directors on page 151 of this Annual Report. The largest single shareholder of the Company is Sun Hung Kai Properties Limited, which retains an equity interest of about 39.7% in the Company. As at 31 December 2020, 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 1,404 36.79 442,099 0.10 1,001-5,000 1,432 37.53 3,375,232 0.74 5,001-10,000 401 10.51 3,033,774 0.66 10,001-100,000 475 12.45 14,004,320 3.06 Above 100,000 104 2.72 436,965,271 95.44 3,816 100.00 457,820,696 100.00 Note: 45.5% 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 2020.