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 % Tropicana Development (Johor Bahru) Sdn Bhd Malaysia Property development 100 100 - - Tropicana Development (Penang) Sdn Bhd Malaysia Property agent and investment holding 100 100 - - Tropicana Development (Sabah) Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Development (Sg. Besi) Sdn Bhd Malaysia Property development and investment holding 100 100 - - Tropicana Entertainment and Retail Sdn Bhd Malaysia Property development 100 100 - - Tropicana Firstwide Sdn Bhd Malaysia Property investment, development activities and agriculture business 100 100 - - Tropicana Golf & Country Resort Berhad (“TGCRB”) Malaysia Property development, sale of land, provision of golfing, sporting and recreational facilities 100 100 - - Subsidiaries of TGCRB: Spring Garden Star Sdn Bhd Malaysia Operating of chinese restaurant 51 51 49 49 Tropicana Cuisines Catered Sdn Bhd^ Malaysia Food and beverages, event organiser and operating of restaurants - 100 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 306
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