Annual Report 2021

12 Transport International Holdings Limited 2021 Annual Report CHAIRMAN’S LETTER Dear Shareholders, On behalf of the Board of Directors, I hereby report that the Group’s profit attributable to equity shareholders for the year ended 31 December 2021 was HK$245.0 million, a decrease of HK$1,659.1 million compared to 2020. The decline was mainly due to the one-off non-recurring net gain of HK$1,495.5 million in 2020. Dividends The Board of Directors has proposed an ordinary final dividend of HK$0.50 per share to be paid on 30 June 2022. The total dividend for the year amounted to HK$0.50 per share. Financial Performance in 2021 The Kowloon Motor Bus Company (1933) Limited (“KMB”) recorded a profit after taxation of HK$101.4 million, representing a decrease of HK$101.9 million compared to 2020. Amid the stable COVID-19 epidemic situation in 2021, bus patronage rose by 14.6% compared to 2020. As for Long Win Bus Company Limited (“LWB”), loss after taxation for 2021 was HK$35.0 million, representing a decrease of HK$35.6 million compared to 2020. With strict border control measures still in effect amid virus worries, visitor arrivals and the number of departures showed no improvement. Passenger numbers of LWB were still far below pre-COVID-19 levels. TIH expects to widely incorporate Environmental, Social and Governance (“ESG”) concepts and values into its development strategies and operating philosophy, leveraging the Group’s role as a responsible corporate citizen, when addressing environmental and social challenges.