NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 7. INVESTMENT IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows: (cont’d) Name of Company Place of business /Country of incorporation Effective interest (%) Principal activities 2023 2022 Subsidiaries of EGSB (cont’d) MY EG Lodging Sdn. Bhd. (“MLSB”) Malaysia 65 55 Build, own and operate hostels for foreign workers. MYEG Auto Assist Sdn. Bhd. (“MYAA”) Malaysia 100 100 Provision of motor vehicle inspection, maintenance and repair of motor vehicles, motor vehicles breakdown assistance with towing services, sale of removable motor vehicle spare parts, and provision of membership in relation thereto. MYEG TwoCar Sdn. Bhd. (“MYEG TwoCar”) Malaysia 80 80 Provision of undertaking the registration and transfer of motor vehicle ownership business segment, providing complementary services arising from new and used car dealers and ancillary services. Subsidiary of Hurr Tv Muca Wellness Sdn. Bhd. (“MUCA”) Malaysia 60 60 General merchants, importers, exporters, distributors and manufacturers of cosmetics, skin care products, healthcare products and pharmaceuticals. Subsidiaries of MYEGI MY EG (Indonesia) Sdn. Bhd. (“MYEGIND”) Malaysia 100 100 Investment holding. MY EG (Bangladesh) Sdn. Bhd. (“MYEGBD”) Malaysia 100 100 Activities of holding companies. MY EG (Philippines) Sdn. Bhd. (“MYEGP”) Malaysia 100 100 Investment holding. MY EG (Thailand) Sdn. Bhd. (“MYEGT”) Malaysia 100 100 Investment holding. Zetrix Ltd (“ZLTD”) British Virgin Islands 100 100 Investment holding. Zetrix Tech Development (Shanghai) Co., Ltd. (“Zetrix China”) ^ China 100 100 Technology development and consulting; enterprises management consulting; import and export of goods and technology, wholesale of computer hardware and software and auxiliary equipment. ANNUAL REPORT 2023 205 Sd Bhd FINANCIAL STATEMENTS
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