SUBSIDIARIES (CONTINUED) (a) Details of the subsidiaries are as follows: (continued) Percentage of Issued Share Capital Held by Parent Name of subsidiary Principal activities 31.12.2024 % Genaxis Group Sdn. Bhd. Providing consultancy and advisory in computer hardware, software, 99 peripherals and other IT based products. Innovation Associates Providing advisory and consultancy services in relation to strategy, 86 Consulting Sdn. Bhd. business improvement, computers, telecommunication and information technology. PT Dagang Net Indonesia Yet to commence business. 99 PT Dagang Samudera Hutama Ship owner, ship operator and other shipping related activities. 49 (“DSH”) Subsidiary of GMEC Imizu Sdn. Bhd. Trading, dealing in any manner whatsoever in all type of drinking 55 water and beverages on retail as well as on wholesale basis in Malaysia or elsewhere. Subsidiary of DSH PT DNeX Telco Indonesia Provision of subsea cable installation and maintenance. 95 Subsidiaries of DESB Ping Petroleum Limited Exploration, development and production of crude oil and natural (“PPL”) gas and investment holding. 90 Ping Energy Marketing Limited Yet to commence business. 100 Subsidiaries of PPL Ping Petroleum UK PLC Exploration and development of upstream oil and gas assets. 100 Ping Petroleum Sdn. Bhd. Exploration and development of upstream oil and gas assets. 100 Subsidiaries of OGPC DNeX Drilling Tech and Involved in oil and gas oilfield services including supplies of 100 Oilfield Services Sdn. Bhd. products and equipment. OGPC O & G Sdn. Bhd. Sale of oil and gas related equipment, provision of engineering and technical support services for the oil and gas industry. 100 116 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 DIRECTORS’ REPORT for the financial year ended 31 December 2024
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