Annual Report 2020

2020 Annual Report Transport International Holdings Limited 207 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 KMB Financial Services Limited Incorporated in the British Virgin Islands and operates in Hong Kong 1 share of US$1 100 – 100 Group treasury management KMB (Beijing) Taxi Investment Limited Incorporated in the British Virgin Islands and operates in Hong Kong 1 share of US$1 100 – 100 Investment holding KMB (Shenzhen) Transport Investment Limited Incorporated in the British Virgin Islands and operates in Hong Kong 1 share of US$1 100 – 100 Investment holding KMB Design Company Limited Hong Kong 10,000 shares 100 – 100 Trading of bus souvenirs All Fine Limited Hong Kong 1 share 100 – 100 Trading of face masks 17 Interest in associates 2020 2019 $’ 000 $’ 000 Share of net assets 591,960 532,434 Goodwill 64,535 60,584 Amount due from an associate 115 18,834 656,610 611,852 Amount due from an associate is unsecured, interest-free and has no fixed terms of repayment. The following list contains the particulars of the material associate, which is an unlisted corporate entity whose quoted market price is not available: Percentage of ownership interest Name of associate Form of business structure Place of establishment and business Particulars of registered and paid-up capital Group’s effective interest Held by subsidiaries Principal activity Shenzhen Bus Group Company Limited Sino-foreign joint stock company The PRC RMB951,430,306 35 35 Provision of bus and taxi hire services (note) Note: Shenzhen Bus Group Company Limited, a transportation operator in the PRC, enables the Group to have exposure to this market through local expertise. 16 Interest in subsidiaries (continued)