Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 118 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows: Principal Place Percentage of of Business/ Issued Share Country of Capital Held Name of Subsidiaries Incorporation by Parent Principal Activities 2023 2022 % % Subsidiaries of the Company Frontken Malaysia Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FMSB”) technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Frontken (Singapore) Singapore 100 100 Provision of surface treatment Pte. Ltd. (“FSPL”) 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. PT Frontken Indonesia 2 Indonesia 95 95 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. TTES Frontken Integrated Malaysia 45 45 Engaged in the business of turbo Services Sdn. Bhd. machinery technical engineering (“TTES”) 1, 3 services. Ares Green Technology Taiwan 92.53 92.50 Provision of surface treatment Corporation (“AGTC”) 1 and advanced precision cleaning for the TFT - LCD (Thin Film Transistor - Liquid Crystal Display) and semi-conductor industries. Subsidiaries of FMSB Frontken (East Malaysia) Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FEM”) 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works.
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