SUBSIDIARIES (a) Details of the subsidiaries are as follows: Percentage of Issued Share Capital Held by Parent Name of subsidiary Principal activities 31.12.2024 % Subsidiaries of the Company Dagang Net Technologies Development, management and provision of business to 100 Sdn. Bhd. (“DNET”) government (B2G) e-commerce and computerised transaction in trade facilitation services. DNeX Solutions Sdn. Bhd. Providing expertise in IT project management and consultancy, supply 100 of (ICT) hardware equipment, maintenance and asset management. DNeX Capital Sdn. Bhd. Intended for Trust, funds or similar entity not elsewhere classified. 100 DNeX Energy Sdn. Bhd. Investment holding in upstream oil and gas exploration and production. 100 (“DESB”) OGPC Sdn. Bhd. (“OGPC”) Sale of oil and gas related equipment, provision of engineering and 100 technical support services for the oil and gas industry. Forward Energy Generation Ltd. Design, develop, construct, operation and maintenance of power plant. 100 DNeX Semiconductor Sdn. Bhd. Investment holding in the manufacturing of semiconductor wafers and (“DSEMI”) supplies multinational fabless and integrated device manufacturer. 100 DNeX Mena Sdn. Bhd. (“MENA”) Investment holding. 100 Subsidiaries of DNET DNeX RFID Sdn. Bhd. Research and development, design, manufacturing and trading of 51 radio-frequency technology. Global eCommerce Limited Yet to commence business. 51 DNeX Telco Services Sdn. Bhd. Providing of services for infrastructure works for telecommunication 51 industry. Global Market eCommerce Dealing in the business for online marketing and e-market place. 100 Sdn. Bhd. (“GMEC”) DNeX VMS Sdn. Bhd. Yet to commence business. 100 SealNet Sdn. Bhd. Providing technical consultancy, implementation, training, maintenance 100 and technical support services related to eBusiness and the operation of business to business (B2B) eCommerce portal. 115 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 DIRECTORS’ REPORT for the financial year ended 31 December 2024
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