Annual Report 2021

15 2021 Annual Report Transport International Holdings Limited Caring for Staff Members’ Health Employees are the most valuable asset of the Group and the key to providing quality service. Frontline staff members had their uniforms changed recently for breathability and comfort. The new uniform does not only convey a dynamic and professional image, but also represents KMB’s constant innovative spirit with a focus on environmental protection. The Group cares about staff members’ physical and mental health, and organised “Health Month” activities to support staff well-being. Through a series of events, employees are encouraged to maintain a healthy lifestyle. Our efforts in promoting health were recognised by the industry as one of the best practices of the year. Arrangements with the Government’s outreach COVID-19 vaccination team and designated clinics were made to administer vaccines to our staff members and their relatives. Disinfections are carried out regularly; rapid antigen test kits and personal hygiene and anti-epidemic items are also provided to ensure a safe working environment. Challenges and Opportunities Vaccination programmes have been rolled out in countries worldwide. Meanwhile, the HKSAR Government has adopted the “Vaccine Pass” as a condition for easing pandemic measures. However, with the emergence of a new COVID-19 variant, public travel patterns have changed, creating an uncertain business environment. It is anticipated that bus patronage and revenue will hardly return to pre-COVID-19 levels soon. In the face of an expanding local railway network and surging international oil prices, the bus industry is presented with profound challenges. Anticipating a far from optimistic economic outlook, the Group has made a timely response by taking multi-pronged measures to save cost and resources. We will continue to adopt a flexible approach in bus deployment to ensure business sustainability. We believe the development of residential areas in Kwu Tung North, Hung Shui Kiu, and Yuen Long South will bring new opportunities to the future growth of the Group. The superstructure work at the How Ming Street site in Kwun Tong is expected to be completed in 2023. Preliminary marketing of grade-A office towers at the site has commenced while a premiummall featuring modern lifestyle is expected to be opened in 2024 to provide a steady return for our shareholders. The Group will continue to promote long-term strategic development, strengthen the governance work on sustainable development, and deliver our commitment to ESG issues. At the same time, we will explore and grasp new business opportunities to create value for our shareholders. Acknowledgement The epidemic has still plagued Hong Kong society over the past year. Our success in serving the public in a consistent professional manner while we do our part in the territory- wide anti-pandemic campaign hinged on our staff members’ strong commitment to providing passengers with safe and quality bus services. I would like to express my heartfelt gratitude to the Board of Directors, every staff member of the Group, bus suppliers and all our passengers for their continuous support. Norman LEUNG Nai Pang Chairman 17 March 2022