DESTINI AR 2017

5. Investments in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) Effective Country of equity interest Name of company incorporation 2017 2016 Principal activities % % Held through TF Corp Pte. Ltd.: Techno Fibre Australia Pty. Ltd.* Australia 100 100 Provide maintenance, repair and testing of lifeboats and davits cruise ships, offshore platforms and general shipping Techno Fibre Middle East United Arab 100 100 Repair and maintenance of lifeboats and davits Marine Services FZE* Emirates and fire and gas protection system servicing Techno Fibre (S) Pte. Ltd.* Singapore 100 100 Repair and service of fibre composite life boats and davits and consultation engineering and servicing Destini Marine Safety Solutions Scotland 60 60 Provides inspection, testing, repair and Ltd. (formerly known as Imes maintenance of marine safety systems Marine Safety Systems Ltd)* including lifeboats and rescue boats TF Corp Saudi Arabia Co. Ltd.* Kingdom of 51 51 Providing maintenance, installation and repair of Saudi Arabia marine equipment and trading activities of marine safety products Held through AMS Marine Pte. Ltd.: Sierraleap Sdn. Bhd. Malaysia 100 - Dormant * Subsidiaries not audited by UHY 124 DESTINI BERHAD Financial Statements Notes to the 31 December 2017