MSTGOLF Annual Report 2024

169 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 6. INVESTMENT IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows (cont’d):- Name Country of incorporation and principal place of business Effective interest (%) Principal activities 2024 2023 MST Golf Arena Sdn. Bhd. Malaysia 100% 100% Operation of indoor golf centres and golf event management. MST Golf (Singapore) Pte. Ltd.* Singapore 100% 100% Specialty retailer and wholesaler of golf equipment comprising golf clubs, accessories and apparels and provision of golf related services. PT MST Golf Indonesia* Indonesia 51% 51% Retailer of golf equipment comprising golf clubs, accessories and apparel as well as operating golf academy, indoor golf centres and provision of golf related services. Subsidiary of PT MST Golf Indonesia PT MST Golf Distribution* Indonesia 99.9% 99.9% Wholesale trade of golf equipment comprising golf clubs, accessories and apparels. * Not audited by Grant Thornton Malaysia PLT. Material non-controlling interests Financial information of subsidiary which have non-controlling interests that are material to the Group is set out below:- Proportion of equity interest held by non-controlling interests:- Name Country of incorporation and principal place of business Effective interest (%) 2024 2023 PT MST Golf Indonesia Indonesia 49% 49%

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