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 Seri Tabah Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Seri Tujuan Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Shared Services Sdn Bhd Malaysia Provision of management services 100 100 - - Tropicana Sinaran Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Subang South Development Sdn Bhd Malaysia Property development and investment holding 100 100 - - Tropicana Tawau Development Sdn Bhd Malaysia Property investment 100 100 - - Tropicana Wisma TT Sdn Bhd Malaysia Property development and property investment 100 100 - - Ultimate Support Sdn Bhd Malaysia Provision of network application services 100 100 - - Valley Talent Solutions Sdn Bhd Malaysia Investment holding 99 99 1 1 All subsidiaries are audited by Ernst & Young PLT, Malaysia except as indicated below: * Audited by firms other than Ernst & Young PLT # Equals to the proportion of voting rights held ^ Struck off pursuant to Section 550 of the Companies Act 2016 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 314
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