Table of Contents 1 246

Annual Report 2022

COVER	1
INSIDE FRONT COVER	3
CONTENTS	3
GROUP PROFILE	5
BUSINESS AT A GLANCE	7
KEY FRANCHISED BUS NETWORK IN HONG KONG	9
FINANCIAL AND OPERATIONAL HIGHLIGHTS	11
CORPORATE MILESTONES 2022	13
CHAIRMAN’S LETTER	17
MANAGING DIRECTOR’S MESSAGE	21
MANAGEMENT DISCUSSION AND ANALYSIS	23
BUSINESS REVIEW	23
HONG KONG FRANCHISED PUBLIC BUS OPERATIONS	25
HONG KONG NON-FRANCHISED TRANSPORT OPERATIONS	37
CHINA MAINLAND TRANSPORT OPERATIONS	41
PROPERTY HOLDINGS AND DEVELOPMENT	43
SUSTAINABILITY REPORT	45
ABOUT THE REPORT	45
SAFETY FIRST	53
CARING FOR THE ENVIRONMENT	59
CARING FOR CUSTOMERS	67
CARING FOR EMPLOYEES	73
STAKEHOLDER ENGAGEMENT	79
PERFORMANCE STATISTICS	85
REPORTING CONTENT INDEX TABLE	89
FINANCIAL REVIEW	101
GOVERNANCE	119
CORPORATE GOVERNANCE REPORT	119
REMUNERATION REPORT	141
DIRECTORS’ PROFILES	145
KEY CORPORATE EXECUTIVES	154
FINANCIAL REPORTS	155
DIRECTORS’ REPORT	156
INDEPENDENT AUDITOR’S REPORT	166
CONSOLIDATED STATEMENT OF PROFIT OR LOSS	171
CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	172
CONSOLIDATED STATEMENT OF FINANCIAL POSITION	173
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY	175
CONSOLIDATED CASH FLOW STATEMENT	177
NOTES TO THE FINANCIAL STATEMENTS	178
FINANCIAL SUMMARY	243
CORPORATE DIRECTORY	244
BACK COVER	246
Blank Page	2
Blank Page	245

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