18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) (a) Group restructuring during the financial year (cont’d.) During the financial year, the Group and the Company executed and completed an internal Group restructuring scheme involving the following: (cont’d.) (xii) On 9 July 2025, the Company completed a capital reduction exercise to reduce its investment in a wholly-owned subsidiary, Tropicana Serdang Suria Sdn Bhd by cancelling 499,998 ordinary shares, all of which are held by the Company amounting to RM499,998. (xiii) On 18 July 2025, the Company completed a capital reduction exercise to reduce its investment in a whollyowned subsidiary, Myxon (M) Sdn Bhd by cancelling 515,000 RNCPS, all of which are held by the Company amounting to RM515,000. (xiv) On 4 August 2025, Tropicana Property Services Sdn Bhd was struck off from the Register of the Companies Commission of Malaysia and dissolved following the publication of the notice of striking off pursuant to Section 551(3) of the Companies Act 2016 in the Gazette. (xv) On 8 September 2025, Tropicana Bestari Properties Sdn Bhd was struck off from the Register of the Companies Commission of Malaysia and dissolved following the publication of the notice of striking off pursuant to Section 551(3) of the Companies Act 2016 in the Gazette. (xvi) On 8 September 2025, Tropicana Cuisines Catered Sdn Bhd was struck off from the Register of the Companies Commission of Malaysia and dissolved following the publication of the notice of striking off pursuant to Section 551(3) of the Companies Act 2016 in the Gazette. (xvii) On 22 September 2025, Tropicana Sadong Jaya Development Sdn Bhd was struck off from the Register of the Companies Commission of Malaysia and dissolved following the publication of the notice of striking off pursuant to Section 551(3) of the Companies Act 2016 in the Gazette. (xviii) On 25 November 2025, the Company completed the capitalisation of debts amounting to RM17,205 owed by Tropicana Acehub Sdn Bhd to the Company by way of issuance of Redeemable Non-Cumulative Preference Shares (“RNCPS”) issued by the subsidiary at an issue price of RM1 each. (xix) On 3 December 2025, the Company completed a capital reduction exercise to reduce its investment in a whollyowned subsidiary, Tropicana Residences Sdn Bhd by cancelling 140,161,347 RNCPS, all of which are held by the Company amounting to RM140,161,347. (xx) On 29 December 2025, the Company completed the capitalisation of debts amounting to RM19,413,700 owed by Pixelcloud Sdn Bhd to the Company by way of issuance of RNCPS issued by the subsidiary at an issue price of RM1 each. 319
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