FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 96 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) Name of Subsidiaries Principal Place of Business/ Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2024 2023 % % Subsidiaries of the Company (Cont’d) PT Frontken Indonesia (“PTFI”) 2, 4 Indonesia 100 95 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. TTES Frontken Integrated Services Sdn. Bhd. (“TTES”) 1, 3 Malaysia 45 45 Engaged in the business of turbo machinery technical engineering services. Ares Green Technology Corporation (“AGTC”) 1 Taiwan 92.53 92.53 Provision of surface treatment and advanced precision cleaning for the TFT - LCD (Thin Film Transistor - Liquid Crystal Display) and semi- conductor industries. Subsidiaries of FMSB Frontken (East Malaysia) Sdn. Bhd. (“FEM”) 1 Malaysia 100 100 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Frontken (Johor) Sdn. Bhd. 1 Malaysia 100 100 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering services. Subsidiaries of FSPL Frontken Philippines Inc. 1 Philippines 99.99 99.99 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. 1 These subsidiaries were audited by other rms. 2 Not required to be audited under the laws of the country of incorporation. 3 TTES is considered a subsidiary of the Group as the Group has control over the operating and management policies of this subsidiary via the board of directors appointed by the Group. 4 95% directly owned by the Company and 5% directly owned by FSPL.
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