NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 8. Investment in subsidiaries (CONT’D) The details of the subsidiaries are as follows: (cont’d) Name of Company Place of business /Country of incorporation Effective interest % Principal Activities 2022 2021 Subsidiaries of the Company (cont’d) MY EG Management Services Sdn. Bhd. (“MYEGMS”) Malaysia 100 100 Provision of management and consultancy services. MY EG International Sdn. Bhd. (“MYEGI”) Malaysia 100 100 To undertake investments and joint ventures in foreign countries. MY E.G. Digital ID Sdn. Bhd. (“MYEGDI”) Malaysia 100 100 Development and implementation of distributed ledger technology and solutions for digital identification services. Subsidiaries of MYEGC MY EG Ad Networks Sdn. Bhd. (“MYEGAD”) Malaysia 100 100 Provision of advertisement and marketing services. Agensi Pekerjaan MY EG Jobs Sdn. Bhd. (“MYEGJOBS”) Malaysia 100 100 To carry on business as a private employment agency to recruit and place a worker to another employer. Car X Services Sdn. Bhd. (“CarX”) Malaysia 55 55 To operate and manage automotive classified web portal and other value added services for the automotive classified web portal. MY EG Finance Technologies Sdn. Bhd. (“MYEGFT”) Malaysia 100 100 Provision of finance lease activities and other credit granting activities and money lending services. MY E.G. Alternative Payment Services Sdn. Bhd. (“MYEG ALT”) Malaysia 100 100 Providing and operating an electronic payment and remittance platform for the issuance, transfer, clearance and settlement of Electronic Money and all ancillary products and services related to it. Picasso Media Sdn. Bhd. (“Picasso Media”) Malaysia 60 60 Advertising. CardBiz Holding Sdn. Bhd. (“CardBiz”) Malaysia 55 55 Investment holding. Hurr Tv Sdn. Bhd. (“Hurr Tv”) Malaysia 60 60 Build, own and operate an online TV channel and e-commerce platform. 193
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