SUBSIDIARIES (CONT’D) (a) The details of the Company’s subsidiaries are as follows (Cont’d):- Name of Subsidiary Country of Incorporation Effective Percentage of Issued Share Capital Held Principal Activities Subsidiaries of the Company Keyfield Resolute Sdn. Bhd. (“Keyfield Resolute”) Malaysia 100% Vessel ownership, vessel chartering and other marine related activities. Keyfield Serenity Sdn. Bhd. Malaysia 100% Vessel ownership, vessel chartering and other marine related activities. Keyfield Ship Services Sdn. Bhd. Malaysia 51% Ship repair, maintenance and engineering services, vessel chartering, trading of marine equipment and other marine related activities. The company ceased operations during the financial year. Keyfield Ventures (Labuan) Limited (“Keyfield Ventures Labuan”) Malaysia 100% Vessel ownership, vessel chartering and other marine related activities. Keyfield Biham Marine FZCO (formerly known as Biham Marine FZCO) (“Keyfield Biham FZCO”) United Arab Emirates 65% Vessel chartering, ship management and other marine related activities. Keyfield Ikhlas FZCO United Arab Emirates 100% Vessel chartering and other marine related activities. Subsidiary of Keyfield Biham FZCO Keyfield Biham Marine - L.L.C - S.P.C (“Keyfield Biham LLC”) United Arab Emirates 65% Vessel chartering, ship management and other marine related activities. (b) The available auditors’ reports on the financial statements of the subsidiaries did not contain any qualification. DIRECTORS’ REPORT (CONT’D) 148 KEYFIELD INTERNATIONAL BERHAD (Incorporated in Malaysia) | Registration No: 202001038989 (1395310 - M)
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