Wah Seong Corporation Berhad Annual Report 2018

Group’s effective interest 2018 % 2017 % Country of incorporation Principal activities ~ Wasco Kanssen Limited 100 100 British Virgin Islands Investment holding and provision of pipe coating services * Jingzhou Wasco Kanssen Offshore Petroleum Engineering Co., Ltd. 100 100 People’s Republic of China Provision of pipe coating services * Kanssen (Yadong) Coating Services (Jingzhou) Company Limited 100 100 People’s Republic of China Provision of pipe coating services * PPSC China Limited 100 100 Hong Kong, SAR Investment holding Wasco Oil Technologies Sdn. Bhd. 100 100 Malaysia Investment holding and provision of management services Wasco Oilfield Services Sdn. Bhd. 49 π 49 π Malaysia Investment holding Wasco Corrosion Services Sdn. Bhd. 63 63 Malaysia Supply and installation of sacrificial anodes, provision of cathodic protection services and equipment, corrosion protection services, passive fire protection services, special paint coating services and provision of technical training services Wasco Lindung Sdn. Bhd. 48 π 48 π Malaysia Manufacture, supply and installation of sacrificial anodes, provision of cathodic protection services and equipment, corrosion protection services, passive fire protection services, special paint coating services and provision of technical training services * PT. MPE Deepwater - a - a Indonesia Dormant (In Member’s Voluntary Liquidation) Asiana Emas Sdn. Bhd. 100 100 Malaysia Investment holding Petro-Pipe (Sabah) Sdn. Bhd. 60 60 Malaysia Manufacturing and sales of spiral welded pipes for the oil and gas industry Wasco Engineering Group Limited 100 100 British Virgin Islands Investment holding # Wasco Engineering International Ltd. 100 100 British Virgin Islands Leasing of compressors and power generators, designing, engineering and fabrication and sale of gas processing and compression systems and gas based power generators; and servicing and selling parts of oil and gas processing and compression systems NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): WAH SEONG CORPORATION BERHAD 120