NOTES TO THE FINANCIAL STATEMENTS 7. INVESTMENTS IN SUBSIDIARIES (CONTINUED) Details of the subsidiaries are as follows: (continued) Name of subsidiary Principal place of business/country of incorporation Principal activities Effective ownership interest 2025 2024 % % Information Technology PT Dagang Net Indonesia *@ Indonesia Dormant 99 99 PT Dagang Samudera Hutama *##@ Indonesia Dormant 97 49 PT DNeX Telco Indonesia ***@ Indonesia Dormant 95 95 DNeX Solutions Sdn. Bhd. Malaysia Providing expertise in IT project management and consultancy, supply of (ICT) hardware equipment, maintenance and asset management. 100 100 DNeX Capital Sdn. Bhd. Malaysia Dormant. 100 100 DNeX Mena Sdn. Bhd. Malaysia Dormant 100 100 DNeX (Beijing) Technology Co. Ltd. ****@@ People’ Republic of China Dormant 100 100 * The subsidiaries’ interests are held under Dagang Net Technologies Sdn. Bhd.. *** The subsidiary’s interest is held under PT Dagang Samudera Hutama. **** The subsidiary’s interest is held under DNeX Mena Sdn. Bhd.. ## Although the Company owns less than half of the voting power in PT Dagang Samudera Hutama (“PT DSH”), the Company controls this subsidiary by virtue of an Investment Agreement with the other investors. Consequently, the Company consolidates its investment in this subsidiary at 100% effective interest in equity. During the financial year, the Company increased its interest in PT DSH via capitalisation of the amount due from PT DSH amounting to RM71,085,495 by way of allotment of 256,638 ordinary shares at RM277 per ordinary share. @ The subsidiaries were audited by other firms of chartered accountants. @@ Not required to be audited under the laws of the country of incorporation. DNeX INTEGRATED REPORT 2025 164 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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