Integrated Annual Report 2024 SECTION 6 • FINANCIAL STATEMENTS 265 Notes to the Financial Statements 7. INVESTMENTS IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows: (cont’d) Name of entity Principal place of business/ Country of incorporation Principal activities Effective ownership interest and voting interest 2024 % 2023 % Direct subsidiary of PMHK: Press Metal International Limited (“PMI”)*# China Manufacturing and trading of aluminium products and investment holding 89.1 88.3 Direct subsidiary of PMIRHK: PT Kalimantan Alumina Nusantara (“PTKAN”)*^ Indonesia The intended principal activity is manufacturing and trading of alumina. The plant is still under construction during the financial year 80.0 - Direct subsidiaries of PMI: Press Metal International Technology Ltd. (“PMIT”)*# China Manufacturing and trading of aluminium products 89.1 88.3 Press Metal Precision Technology Co. Ltd.*# China Manufacturing and trading of aluminium products 89.1 88.3 Press Metal International (HK) Limited (“PMIHK”)*# Hong Kong Investment holding 89.1 88.3 Foshan Baiwen New Energy Co., Ltd.*# China Marketing and trading of photovoltaic generation system and supply of electricity 89.1 88.3 Direct subsidiaries of PMIHK: Press Metal UK Limited (“PMUK”)*# United Kingdom Marketing of aluminium products 89.1 88.3 PMB Aluminium Sdn. Bhd. (“PMBA”)# Malaysia Manufacturing and trading of aluminium products and investment holding 89.1 88.3 Direct subsidiaries of PMUK: Press Metal Aluminium (Australia) Pty. Ltd.*# Australia Marketing of aluminium products 89.1 88.3 Press Metal North America Inc.*# United States of America Marketing of aluminium products 89.1 88.3
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