About KWOON CHUNG BUS Company

history The predecessor of Kwun Chung Bus Group Limited (the “Company”) and its subsidiaries (collectively, the “Group”) was founded by the late Mr. Wong Kwan-chung, who started a small-scale car cleaning service in 1948. After more than half a century of tremendous development, the Group has taken a seat in Hong Kong's transportation history and has become the largest operator of non-franchised buses and limousines in Hong Kong. The Company has been listed on the Main Board of the Stock Exchange since September 1996. On March 31, 2024, the Group operated approximately 1,285 non-franchised public buses and 428 luxury cars. Hong Kong business Through its flagship wholly-owned subsidiary, Kwun Chung Tour Bus Co., Ltd. (“Kwun Chung Tour Bus”), the Company has a strong market position in school buses, tours, hotels, estate buses, employees and cross-border non-franchised public bus services. Every day, the Group arranges buses to and from the New Territories border to the Southern District of Hong Kong Island to pick up passengers to work or school. The Group acquired 100% of the shares of Taifeng Tour Bus Co., Ltd. and Trade Travel (Hong Kong) Limited in 1997, making the Group the largest tour bus service provider in Hong Kong. New Lantau Bus (1973) Limited (“Lantau Bus”), a subsidiary of the Company holding 99.99% of the shares, is a franchised bus operator based in Lantau. Yuba also specializes in cross-border B2, B4 and B6 routes between Shenzhen Bay and the Hong Kong-Zhuhai-Macao Bridge. Lantau Travel Co., Ltd., a wholly-owned subsidiary of the Company, is a travel service provider for Lantau Island and specializes in organizing tours to various attractions in Lantau. In 2003, when Hong Kong's economy was at a low point, the Group voted for confidence in Hong Kong and acquired 100% of the shares of Huandao Travel Service Co., Ltd. (“Huandao”). Huandao is a transportation operator focusing mainly on the cross-border non-franchised bus and limousine business, and the Company's wholly-owned subsidiary Global Sedan Co., Ltd. (“Global Sedan”) (which has taken over all of the business of Universal Motors Limited (a wholly-owned subsidiary of Huandao)) is a local limousine operator. Since 2004, the Group has set up a network of six 24-hour cross-border shuttle bus routes, which run between Huanggang Port and designated locations in Hong Kong. Four of the above routes are operated by China-Hong Kong Express Bus Co., Ltd., a subsidiary of the Company with 52.74% of the shares, and Cross-border All-Japan Express Co., Ltd., a subsidiary of the Company. In 2011, Huandao acquired 90% (reaching 100%) of the shares of China Hong Kong Express Group Limited and China Hong Kong Express Passenger Transport Group Limited (collectively referred to as “China Hong Kong Express”) and 100% of the shares of Xianyun 991 Group (“991”) respectively. China Hong Kong Express and 991 are well-known cross-boundary bus operators in the market. China Hong Kong Express operates long-distance routes, routes serving Shenzhen Bao'an International Airport, and 24-hour routes between Huanggang Port and Tsuen Wan. 991 operates the Zhongshan route, routes between Huanggang Port and Tsuen Wan, and cross-border school bus services. Both companies also hold travel agency licenses. In 2014, the Group further acquired 100% of the shares of Pengyun Transportation Industrial Group (“Pengyun”), a cross-border bus operator located in Shenzhen. In 2016 and 2018, the Group acquired 100% of the shares of Union Coach Limited Group (“Union Group”) and Wellcome Tour Bus Limited (“Wellcome Travel”), respectively. Allianz Group and Wellcome Travel are medium sized bus operators engaged in local and cross-border bus business. These acquisitions further strengthened the Group's position in the Hong Kong non-franchised bus market. In 2017, the Group formed the Hong Kong-Zhuhai-Macao Bridge Shuttle Bus Co., Ltd. (“Hong Kong-Zhuhai-Macao Bridge Shuttle Bus”) with four other local operators. Hong Kong-Zhuhai-Macao Bridge Shuttle Bus became a Hong Kong member of the consortium participating in the bid to operate the Hong Kong-Zhuhai-Macao Bridge Cross-boundary Shuttle Bus Project. The consortium was later confirmed to have successfully won the bid and became the sole operator of the Hong Kong-Zhuhai-Macao Bridge cross-boundary shuttle bus service. Overall, the Group benefited from frequent traffic and other business opportunities brought about by the opening of the Hong Kong-Zhuhai-Macao Bridge.