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 TINSB: Tropicana Inspirasi Impian Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Inspirasi Indah Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Investment Consulting Pte Ltd* People’s Republic of China Investing consultation, business information consultation, enterprise management consultation and exhibition service 100 100 - - Tropicana Jaya Sdn Bhd Malaysia Investment holding and property investment 100 100 - - Tropicana Kemayan Development Sdn Bhd Malaysia Investment holding 100 100 - - Tropicana Kiara Lestari Development Sdn Bhd Malaysia Property development 100 100 - - Tropicana Kiara Lestari Land Sdn Bhd Malaysia Property development 100 100 - - Tropicana Lahad Datu Development Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Land (Sandakan) Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Land Sdn Bhd Malaysia Property development 100 100 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 308
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