ACCOUNTABILITY 298 YINSON HOLDINGS BERHAD 51. LIST OF SUBSIDIARIES, JOINT VENTURES, JOINT OPERATIONS AND ASSOCIATES (CONTINUED) Details of subsidiaries, joint ventures, joint operations and associates are as follows: (continued) Notes: (continued) viii. The Group has concluded that it controls Yinson Energy Sdn. Bhd., even though it holds 30% equity interest in this subsidiary. Based on an agreement signed between the shareholders, the Company has majority representation on the Board of Directors, which is responsible for directing the relevant activities. All decisions of the Board of Directors only require a simple majority vote to be passed. ix. The Group has concluded that it controls Yinson Operations & Production West Africa Limited, even though it holds 40% equity interest in this subsidiary. Based on an agreement signed between the shareholders, the Company has majority representation on the Board of Directors, which is responsible for directing the relevant activities. All decisions of the Board of Directors only require a simple majority vote to be passed. x. Companies disposed, liquidated or struck off during the current financial year. xi. The dilutions or disposals of these companies in the Group are disclosed in Note 50. xii. The Group has concluded that it controls Yinson Production West Africa Limited, even though it holds 49% equity interest in this subsidiary. Based on an agreement signed between the shareholders, a subsidiary of the Company has majority representation on the Board of Directors, which are responsible for directing the relevant activities. Matters presented to the Board shall be approved upon receiving affirmative vote of a simple majority of the Directors. xiii. The Group has concluded that it does not control eMoovit Technology Sdn. Bhd.. Although it holds 78.59% equity interest in this joint venture, the Company only has joint control based on the agreement signed between the shareholders. xiv. Although the Group holds less than 20% equity interest in Ionada, based on the agreement signed between the shareholders, the Group has significant influence over Ionada. xv. The Group has assessed the arrangement and concluded that it constitutes a joint operation, as both the Group and its partner have direct rights to the assets and are jointly and severally liable for the liabilities of the arrangement. Accordingly, the Group recognises its 40% share of the joint operation’s assets, liabilities, income and expenses arising from the arrangement. 52. SUBSEQUENT EVENTS There were no material events subsequent to the reporting date of 31 January 2026 up to the date of this report. 53. AUTHORISATION OF FINANCIAL STATEMENTS FOR ISSUE The financial statements for the financial year ended 31 January 2026 were authorised for issue in accordance with a resolution of the Board of Directors on 14 May 2026.
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