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 Makmur Gagah Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Makmur Irama Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Makmur Peluang Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Marketplace Sdn Bhd (“TMPSB”) Malaysia Provision of sales and marketing activities 100 100 - - Subsidiary of TMPSB: Marketplace (Hong Kong) Limited* Hong Kong Provision of sales and marketing activities and consultancy services 100 100 - - Tropicana Mentari Development Sdn Bhd (“TMDSB”) Malaysia Investment holding 100 100 - - Subsidiaries of TMDSB: Tropicana Sierra Sdn Bhd Malaysia Property development 100 100 - - Urban Discovery Sdn Bhd Malaysia Investment holding and property investment 100 100 - - Tropicana Metro Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Metropark Sdn Bhd (“TMSB”) Malaysia Property development 100 100 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 310
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