NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 112 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) Name of Subsidiaries Principal Place of Business and Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2025 2024 % % Subsidiaries of the Company (Cont’d) PT Frontken Indonesia (“PTFI”) 2, 4 Indonesia 100% 100% 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 93.39% 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 firms. 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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