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 CardBiz (cont’d) Buy Now Asia Sdn. Bhd. (“BNASB”) Malaysia 55 55 E-Commerce service provider, online purchase and redemption, merchant and marketing services and other related activities. CardBiz eServices Sdn. Bhd. (“CBES”) Malaysia 55 55 Engaged in the business of providing infrastructure for hosting data processing services and related activities. Subsidiaries of EGSB MYEG Trade Sdn. Bhd. (“MTSB”) Malaysia 100 100 Trading of motor vehicles, rental of motor vehicles and provision of ancillary services. MY EG Lodging Sdn. Bhd. (“MLSB”) Malaysia 55 55 Build, own and operate hostels for foreign workers. MYEG Auto Assist Sdn. Bhd. (“MYAA”) Malaysia 100 100 Provision of motor vehicle inspection, maintenance and repair of motor vehicles, motor vehicles with breakdown assistance and towing services, sale of removable motor vehicle spare parts, and provision of membership in relation thereto. MYEG TwoCar Sdn. Bhd. (“MYEG TwoCar”) Malaysia 80 80 Provision of undertaking the registration and transfer of motor vehicle ownership, business segment, providing complementary services arising from new and used car dealers and ancillary services. Subsidiary of Hurr Tv Muca Wellness Sdn. Bhd. (“MUCA”) Malaysia 60 60 General merchants, importers, exporters, distributors and manufacturers of cosmetics, skin care products, healthcare products and pharmaceuticals. Subsidiaries of MYEGI MY EG (Indonesia) Sdn. Bhd. (“MYEGIND”) Malaysia 100 100 Investment holding. MY EG (Bangladesh) Sdn. Bhd. (“MYEGBD”) Malaysia 100 100 Investment holding. 195
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