About MTR CORPORATION Company

The MTR is recognized as the world's leading railway system, known for its safety, reliability, excellent customer service and high cost efficiency. The average daily passenger capacity of all our passenger services exceeds 5.4 million passengers. When it was founded in 1975, the mission of the subway company at the time was to build and operate a railway system in Hong Kong, China, and operate according to prudent commercial principles to meet local public transportation needs. The Hong Kong government was the sole shareholder at the time. In June 2000, the MTR Corporation was registered as a limited company. The Hong Kong Special Administrative Region Government subsequently sold 23 percent of the MTR shares and listed them on the Hong Kong Stock Exchange on October 5, 2000. On December 2, 2007, the networks operated by the Kowlo-Guangzhou Railway Company, which is wholly-owned by the government, were merged and operated by the subway company. The Chinese name of MTR Limited was changed to Hong Kong Railway Company Limited (MTR Corporation). It also marks a new milestone in the development of the Hong Kong Railway. The merger not only brings more efficient and more attractive railway services for passengers, but also brings opportunities for the company to grow its business locally and overseas. The merged MTR has nine railway lines, covering Hong Kong Island, Kowloon and the New Territories. At the same time, the company provides light rail and shuttle bus services to local communities in Tuen Mun and Yuen Long. The Airport Express Line operated by the MTR provides passengers with a special high-speed rail line connecting the city center to Hong Kong International Airport and Hong Kong's major exhibition and convention center - AsiaWorld-Expo. The company's intercity passenger transport service provides convenient rail transportation for travelers to and from Guangdong Province, Beijing, and Shanghai. Property and railway-related business Currently, in addition to operating railways, the MTR Corporation is also engaged in a variety of businesses, including developing residential and commercial projects, property leasing and management, advertising, telecommunications services and international consultancy services. Mainland China and international business The MTR Corporation is rooted in Hong Kong, China, and is expanding railway-related and operating projects in mainland China and overseas. In mainland China, the company participated in the construction and operation of Beijing Line 4, Line 14, Shenzhen Rail Transit Line 4 (Longhua Line), and Hangzhou Metro Line 1. In terms of overseas business, the company is also involved in the operation and management of the first service of London Ground and Crossrail — TfL Rail Rail, the Melbourne Railway in Australia, the Stockholm Metro in Sweden, and MTR Express, an intercity train service between Stockholm and Gothenburg. In September 2014, the Northwest Rapid Transit (“NRT”) consortium with the participation of MTR Corporation was approved as a public-private joint venture agreement for the operation, trains and systems of the North-Western Railway Line in Sydney, Australia. In February 2015, the Beijing-Hong Kong MTR, which is one of the shareholders of the MTR Corporation, and the Beijing Municipal Government initially signed a franchise agreement for the public-private joint venture project of Beijing Metro Line 16, which is responsible for the investment, operation and maintenance of the new line. Furthermore, the company's consulting services have expanded to many cities in Asia, Australia and the Middle East. Furthermore, the MTR Corporation has expanded the successful “railway plus property” comprehensive development model in Hong Kong, China to mainland China, developing property business in Beijing, Shenzhen and Tianjin, respectively. The pre-sale of the company's first property development project “Tiansong” in mainland China was well received. corporate governance The daily business of the company is managed by the Chief Executive Officer and Executive Committee and reports to the Board of Directors. The board is headed by a non-executive chairman, and other members include local business and community leaders and government representatives. The MTR Corporation is committed to maintaining the highest standards of corporate ethics and integrity. All employees abide by the “Work Conduct Guidelines” in their daily work to reinforce the culture of integrity within the company.