Dagang NeXchange Berhad Annual Report 2025

DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 SUBSIDIARIES (CONTINUED) (a) Details of the subsidiaries are as follows: (continued) Name of subsidiary Principal activities Percentage of Issued Share Capital Held by Parent 2025 % Subsidiaries of DNET Innovation Associates Consulting Sdn. Bhd. Providing advisory and consultancy services in relation to strategy, business improvement, computers, telecommunication and information technology. 86 PT Dagang Net Indonesia Dormant. 99 PT Dagang Samudera Hutama (“DSH”) Dormant. 97 Subsidiary of GMEC Imizu Sdn. Bhd. Dormant. 55 Subsidiary of DSH PT DNeX Telco Indonesia Dormant. 95 Subsidiaries of DESB Ping Petroleum Limited (“PPL”) Exploration, development and production of crude oil and natural gas and investment holding. 90 Ping Energy Marketing Limited Yet to commence business. 100 Subsidiaries of PPL Ping Petroleum UK PLC Exploration and development of upstream oil and gas assets. 100 Ping Petroleum Sdn. Bhd. Exploration and development of upstream oil and gas assets. 100 Subsidiaries of OGPC DNeX Drilling Tech and Oilfield Services Sdn. Bhd. Involved in oil and gas oilfield services including supplies of products and equipment. 100 OGPC O & G Sdn. Bhd. Dormant. 100 Subsidiary of DSEMI Silterra Malaysia Sdn. Bhd. (“Silterra”) Manufacturing of semiconductor wafers and supplies multinational fabless and integrated device manufacturer. 60 DNeX INTEGRATED REPORT 2025 130 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD

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