KWOON CHUNG BUS

In view of the increasing demand for cross-boundary travel, in April and December 2011, the Group through TIL, acquired 90% effective equity interest in Chinalink Express Holdings Limited and Chinalink Transport Group Limited (collectively "Chinalink") (now 100%) and 100% equity interest in Hin Wan 991 Group ("991 Group") respectively. Chinalink and 991 Group are renowned cross boundary bus operators in the market. Chinalink mainly runs various long-haul routes, routes servicing the Shenzhen Airport, and the route between Huanggang Port of Shenzhen and Tsuen Wan. 991 Group mainly runs the Zhongshan route, the route between Huanggang Port of Shenzhen and Tsuen Wan, and maintains a position of prominence in cross-boundary school bus services. Each of the companies also held a travel agency, which mainly sells bus tickets, air tickets and related travel packages. The acquisitions of Chinalink and 991 Group have added significant synergy to the Group's current cross-boundary operations and..

Also known as: Kwoon Chung Bus Holdings Limited