126 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) SUBSIDIARIES (a) The details of the subsidiary name, place of incorporation, principal activities and percentage of issued share capital held by the Company in each subsidiary as at 31 December 2024 are disclosed as follows:- Name of Subsidiary Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities Subsidiaries of the Company Keyfield Offshore Sdn Bhd (“Keyfield Offshore”) Malaysia 100% Vessel ownership, chartering of offshore support vessel, provision of catering services to passenger on board vessel, ship management, trading of marine equipment and other marine related activities. Keyfield Marine Sdn Bhd (“Keyfield Marine”) Malaysia 100% Vessel ownership, vessel chartering and marine related activities. Keyfield Endeavour Sdn Bhd (“Keyfield Endeavour”) Malaysia 90% Vessel ownership, vessel chartering and marine related activities. Keyfield Resolute Sdn Bhd (“Keyfield Resolute”) Malaysia 100% Vessel ownership, vessel chartering and marine related activities. Keyfield Serenity Sdn Bhd (“Keyfield Serenity”) Malaysia 100% Vessel ownership, vessel chartering and marine related activities. Keyfield Ship Services Sdn Bhd (formerly known as Keyfield Geomarine Sdn Bhd (“Keyfield Ship Services”) Malaysia 51% Ship repair, maintenance and engineering services, vessel chartering, trading of marine equipment and other marine related activities. (b) The available auditors’ reports on the financial statements of the subsidiaries did not contain any qualification. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (a) On 26 January 2024, Keyfield Offshore entered into a Sale and Purchase Agreement with Khas Jejaka Sdn Bhd to purchase a vessel, namely IMS Aman for a total purchase consideration of RM34,800,000. The Group has taken delivery of the vessel on 31 January 2024 and it has been renamed as Keyfield Amanah. DIRECTORS’ REPORT (cont’d)
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