113 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 16. INVESTMENTS IN SUBSIDIARIES (Cont’d) (d) The details of the subsidiaries are as follows: (Cont’d) Name of company Country of incorporation/ Principal place of business Effective interest in equity Principal activities 2022 2021 % % GHL Payment Services Sdn. Bhd. # Malaysia 100.00 100.00 Dormant. e-pay (M) Sdn. Bhd. # Malaysia 100.00 100.00 Sales and solution provision of vouchers bearing prepaid airtime personal identification numbers (PINS) and on-line top-ups for various prepaid services in Malaysia and investment holding. EPY Capital Holdings Limited British Virgin Islands - 100.00 Investment holding. Mobiepay Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in the business of developing and selling software. Sentripay Sdn. Bhd. # Malaysia 100.00 100.00 Developing and selling software. S Capital Sdn. Bhd. # Malaysia 100.00 100.00 Investment holding. Subsidiaries of GHL Asia Pacific Limited GHL Systems Philippines, Inc. ^ Philippines 99.99 99.99 Provision of end-to-end payment services and solutions through the deployment of payment infrastructure, technology and services. GHL Systems Australia Pty. Ltd. Australia 100.00 100.00 Sales of hardware, software and professional services. GHL (Thailand) Co., Ltd. # Thailand 97.74 97.74 Sales, maintenance, installation and rental of card and non-card based payment processing systems and services, and relevant infrastructure including hardware and software for all kinds of payment solution systems and involved in business of money lending services. GHL Myanmar Limited Myanmar 100.00 100.00 Dormant. GHL Philippines Financing Services Inc. ^ Philippines 99.99 99.99 Engaged in providing financial product and services.
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