Annual Report 2020

2020 Annual Report Transport International Holdings Limited 37 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. 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. Owing to the outbreak of COVID-19 in early 2020, the number of patronage of SZBG including its bus and taxi operation decreased by 31.7% to 487.0 million in 2020 as compared to 713.3 million in 2019. A gradual improvement has been seen in the number of patronage since July 2020 as the COVID-19 pandemic has been successfully contained. As one of the largest electric vehicle operators in China holding ISO9001:2008 certification for the provision of bus transport services in Shenzhen, SZBG is dedicated to upgrading its services and maintaining its business edge. 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, in order 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 Bezique First Company Limited ( 北京北汽福斯特股份有限公司 ). With a fleet of more than 3,700 taxis, BBKT continues to put service quality first as it explores sustainable new business opportunities. Owing to the outbreak of COVID-19, the performance of BBKT dropped significantly in early 2020 but has gradually improved since the last quarter of 2020. 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 that of 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. BBKT continues to provide excellent service