DESTINI Annual Report 2020

Name of company Place of Business / Country of Incorporation Effective equity interest Principal activities 2020 2019 % % Held through Destini Shipbuilding And Engineering Sdn. Bhd.: THHE Destini Sdn. Bhd. Malaysia 51 51 Manufacturer of paramilitary boats and vessels and provides ship repair and marine related engineering services Held through Destini Oil Services Sdn. Bhd.: Destini Upstream Sdn. Bhd. (formerly known as Destini Downstream Sdn. Bhd.) Malaysia 100 100 Dormant Held through Destini Rail Sdn. Bhd.: DLP Rail Sdn. Bhd. Malaysia 100 - Dormant Held through Destini Armada Pte. Ltd.: Vanguarde Pte. Ltd.* Singapore 100 100 Importer and exporter of life boats and life saving appliances TF Corp Pte. Ltd.* Singapore 100 100 Investment holding AMS Marine Pte. Ltd.* Singapore 70 70 Engineering services for marine engine and ship parts PT Destini Marina Perkasa* Indonesia 99.9 - Provisionof jetty/port operations related services to companies involved with mining activities Held through Vanguarde Pte. Ltd.: Vanguarde Offshore Pte. Ltd.* Singapore 100 100 Importer and exporter of marine equipment and accessories Vanguard (Nantong) FRP Co. Ltd.* People’s Republic of China 100 100 Manufacturing of life boats and life saving appliances Vanguard Safety Technologies Sdn. Bhd. Malaysia 100 100 General merchants and business in oil and gas Vanguarde Marine Engine Pte. Ltd.*. Singapore 100 100 Dormant 6. Investments in Subsidiaries (Cont’d) Details of the subsidiaries are as follows: (Cont’d) ANNUAL REPORT 2020 DESTINI BERHAD Notes to Financial Statements 134