DESTINI Annual Report 2018

Name of company Place of Business / Country of Incorporation Effective equity interest Principal activities 2018 2017 % % Held through Destini Armada Pte. Ltd.: Vanguarde Pte. Ltd.* Singapore 100 100 Manufacture and offers the service and maintenance of lifeboats, fast rescue boats, davit systems and a host of other safety equipment for the marine and oil and gas industries TF Corp Pte. Ltd.* Singapore 100 100 Investment holding AMS Marine Pte. Ltd.* Singapore 70 70 Building and repairing of ships, tankers and other ocean-going vessels Held through Vanguarde Pte. Ltd.: Vanguarde Offshore Pte. Ltd.* Australia 100 100 Development and sale of Self-Propelled Hyperbaric Life Boat (“SPHLB”) and life saving appliances Vanguard Nantong FRP Co. Ltd.* People Republic of China 100 100 Manufacturing, maintaining and trading of FRP ship, FRP products and life-saving equipment Vanguard Safety Technologies Sdn. Bhd. Malaysia 100 100 Supplying marine related lifesaving equipment, parts and accessories 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 Marine Services FZE* United Arab Emirates 100 100 Repair and maintenance of lifeboats and davits 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 Ltd.* Scotland 60 60 Provides inspection, testing, repair and maintenance of marine safety systems including lifeboats and rescue boats TF Corp Saudi Arabia Co. Ltd.* Kingdom of Saudi Arabia 51 51 Providing maintenance, installation and repair of marine equipment and trading activities of marine safety products NOTES TO THE FINANCIAL STATEMENTS 5. Investments in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) DESTINI BERHAD ANNUAL REPORT 2018 144