Annual Report 2025

19 2025 Annual Report Transport International Holdings Limited Kwun Tong Commercial Development Project Making Headway Located in the prime area of How Ming Street, Kwun Tong in East Kowloon, The Millennity comprises two 20-storey Grade-A office towers, with a total gross floor area of approximately 650,000 square feet. The office towers have already been occupied by several major corporations. The Group believes The Millennity will serve as a sustainable source of long-term income. Beneath The Millennity, the 10-storery large-scale shopping centre has been officially named Scramble Hill. It spans a gross floor area of approximately 500,000 square feet and features a pet-friendly sky garden, together with a wide range of dining, lifestyle, and entertainment offerings. Moreover, the development includes nearly 400 parking spaces in a four-storey basement parking garage. The development has achieved LEED Platinum pre-certification, WELL Platinum pre- certification, and a Platinum pre-certification for new buildings under BEAM Plus. Our People, Our Priority The Group remains steadfast in its people-centric values and is committed to cultivating a positive working environment. We recognise that dedicated and capable employees are essential to driving continuous organisational progress. In response to prevailing labour market conditions, KMB and LWB introduced greater workforce flexibility by offering full-time positions and a five-day work-week arrangement for bus captains. In reviewing remuneration packages, the Group considered Hong Kong’s overall employment landscape, movements in the Consumer Price Index and market salary trends. A pay increase of 2.5% was awarded to all employees. The Group remains dedicated to attracting, motivating and retaining talent, and expresses sincere gratitude to all employees for their commitment and service. Challenges and Opportunities The operating environment for bus services remains highly challenging amid global and local economic uncertainties, heightened geopolitical tensions, volatility in international oil prices and the continued expansion of Hong Kong’s railway network. While the Hong Kong SAR Government has introduced various tourism-driven and economic-revitalisation initiatives, evolving travel patterns, most notably the pronounced increase in cross-boundary trips during long holidays have added further volatility to passenger demand. Looking ahead to 2026, the Group will remain committed to its long-term development. We will continue to optimise fleet deployment with agility to ensure business sustainability, while embracing innovation to introduce new routes and service innovations to unlock business potential and create sustainable value for shareholders. Acknowledgement Over the past year, Hong Kong has actively charted a course for the development of its transport and tourism sectors. The Group remains steadfast in its service commitment, with every employee dedicated to delivering safe, high-quality transport services to our customers. I would like to express my sincere gratitude to my fellow Board members, all employees and partners of the Group, and our customers for their continued trust and support. Norman LEUNG Nai Pang Chairman 19 March 2026