MSTGOLF Annual Report 2024

153 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 1. GENERAL INFORMATION The Company is a public limited liability company, incorporated and domiciled in Malaysia and listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office is at 12th Floor, Menara Symphony, No 5, Jalan Prof Khoo Kay Kim, Seksyen 13, 46200 Petaling Jaya, Selangor Darul Ehsan and the principal place of business of the Company is located at MST Golf Plaza, No.8, Jalan SS13/5, 47500 Subang Jaya, Selangor Darul Ehsan, Malaysia. The principal activity of the Company is to carry on the business as investment holding company. The principal activities of its subsidiaries are disclosed in Note 6 to the financial statements. There have been no significant changes in the nature of the Company and its subsidiaries’ activities during the financial year. The holding company is All Sportz Sdn. Bhd., a private limited liability company incorporated and domiciled in Malaysia. The financial statements were authorised for issue by the Board of Directors in accordance with a resolution of the Board of Directors of the Company on 18 April 2025. 2. BASIS OF PREPARATION 2.1 Statement of compliance The financial statements of the Group and of the Company have been prepared in accordance with Malaysian Financial Reporting Standards (“MFRS”), IFRS Accounting Standards and the requirements of Companies Act 2016 in Malaysia. 2.2 Basis of measurement The financial statements of the Group and of the Company are prepared under the historical cost convention, unless otherwise indicated in the material accounting policy information. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either in the principal market for the asset or liability, or in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to by the Group and the Company. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024

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