18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiaries are as follows: (cont’d.) Name of subsidiaries Country of incorporation Principal activities Effective interest held by the Group# Effective interest held by non-controlling interests# 2025 % 2024 % 2025 % 2024 % Subsidiaries of TDBLSB: Desiran Realiti Sdn Bhd Malaysia Investment holding and share trading 100 100 - - Tropicana Danga Bay Sdn Bhd (“TDBSB”) Malaysia Property development, investment holding and property investment 60 60 40 40 Tropicana Danga Cove Holding Sdn Bhd Malaysia Investment holding 100 100 - - Tropicana Danga Lagoon Development Sdn Bhd (“TDLDSB”) Malaysia Property investment, development activities and investment holding 100 100 - - Subsidiaries of TDLDSB: Tropicana Danga Lagoon Land Sdn Bhd Malaysia Property investment and development activities 100 100 - - Tropicana Danga Lapanbelas Sdn Bhd Malaysia Property investment and development activities 100 100 - - Tropicana Danga Lagoon Garden Sdn Bhd Malaysia Property investment and development activities 100 100 - - Tropicana Danga Lagoon Sdn Bhd (“TDLSB”) Malaysia Property development and investment activities 100 100 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 304
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