Annual Report 2025

16 Transport International Holdings Limited 2025 Annual Report CHAIRMAN’S LETTER Building a Better Environment with Notable Progress in Green Transport Development The development of clean-energy transportation is a global imperative. The Group remains committed to advancing green mobility and actively supports the Hong Kong SAR Government’s carbon-neutrality vision. Over a decade ago, the Group embarked on research into electric bus technologies and has since progressively introduced single-deck and double-deck zero-emission electric buses. This has enabled the establishment of Hong Kong’s largest new-energy bus fleet, positioning the Group at the forefront of industry development. The Group’s signature “Electric Green” buses continue to be deployed across more than 50 KMB routes, spanning long-distance services, busy urban corridors, and a variety of complex road conditions throughout Hong Kong. Their stable and quiet operation enhances passenger comfort, while performance in areas such as charging efficiency, driving range, and passenger capacity has consistently demonstrated that electric buses fully meet the operational requirements of Hong Kong’s public bus network. They represent the optimal solution for the city’s transition to clean-energy transportation. KMB’s electric bus fleet cumulatively travelled nearly 8 million kilometres, resulting in a reduction of over 11,000 tonnes of carbon emissions. This marks a substantial and measurable contribution to Hong Kong’s decarbonisation efforts. The Group leverages its expertise in electric vehicle maintenance through the all-new Electric Vehicle Maintenance Training Workshop at the KMB Academy. As the number of electric vehicles in Hong Kong rises, the demand for relevant repairing services subsequently increases. To provide a more professional training environment, the brand-new Electric Vehicle Maintenance Training Workshop has been developed in accordance with the standards of the Electrical and Mechanical Services Department for high-voltage electric vehicle maintenance workspaces. It includes component models of various electric vehicles, enabling trainees to gain hands-on experience in understanding the structure and maintenance procedures of electric vehicles. Meanwhile, the KMB Academy is also preparing for the full-scale launch of the “Certificate in Diagnosis, Testing and Maintenance of Electric Vehicles (High-Voltage)” (EVH) Programme. Together with the existing “Certificate in Electric Vehicle Maintenance Safety Awareness” (EVE) and “Certificate in Diagnosis, Testing and Maintenance of Electric Vehicles (Low-Voltage)” (EVL) Programmes. The KMB Academy will become the first private institution in Hong Kong to offer a comprehensive three- level electric vehicle maintenance training programme. These training programmes not only equip KMB’s maintenance personnel with essential electric vehicle repair and maintenance expertise, but are also open to other industry practitioners, contributing to talent development in Hong Kong’s electric vehicles maintenance sector and supporting the industry’s evolving workforce needs. During the year, the Group maintained sustainable deposits and secured green loan and sustainability-linked loan facilities totalling HK$3,800 million. This amount represents over 50% of our committed loan facilities and underscores our commitment to supporting Hong Kong’s transition toward zero emissions through various green finance arrangements. The Group has established key sustainability performance targets focused on reducing greenhouse gas emissions from our bus fleet, strengthening green procurement practices and increasing average training hours. Looking ahead, we will continue to pursue appropriate financing solutions that can propel Hong Kong’s transportation sector in its transition towards a more sustainable future. Harnessing Technology to Shape the Future of Transport As we enter the era of artificial intelligence and autonomous driving, technological advancement has created significant breakthroughs in the transportation sector. Last year, together with several members of the Board of Directors, I visited Shenzhen to experience the autonomous minibus operated by SZBG in Luohu. During the visit, we exchanged views on potential collaboration in autonomous driving initiatives and explored practical application scenarios in Hong Kong. The visit underscored our commitment to integrating innovative technologies into local transport development.