Yinson Annual Report 2021

257 ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2021 2020 Held through Yinson Renewables Pte. Ltd.: YR India Pte. Ltd. (iii) Singapore 100 - Investment holding and provision of management services YR Italy Pte. Ltd. (iii) Singapore 100 - Investment holding and provision of management services Held through YR India Pte. Ltd.: YR India 2 Pte. Ltd. (iii)(vi) Singapore 100 - Investment holding and provision of management services YR India 3 Pte. Ltd. (iii)(vi) Singapore 100 - Investment holding and provision of management services YR Nokh Pte. Ltd. (formerly known as YR Karnataka Pte. Ltd.) (iii) Singapore 100 - Investment holding and provision of management services Held through YR Nokh Pte. Ltd. (formerly known as YR Karnataka Pte. Ltd.) Rising Sun Energy (K) Pvt Ltd (ii)(iii) India 80 - Generation of electricity through renewable resources Held through YR Italy Pte. Ltd.: YR Menta Wind Pte. Ltd. (iii) Singapore 100 - Investment holding and provision of management services YR Messinello Wind Pte. Ltd. (iii) Singapore 100 - Investment holding and provision of management services YR Paceco Solar Pte. Ltd. (iii) Singapore 100 - Investment holding and provision of management services Held through YR Menta Wind Pte. Ltd.: Menta Wind S.R.L. (iii)(iv) Italy 100 - Generation of electricity through renewable resources 19. Investment in subsidiaries (continued) (a) Details of subsidiaries are as follows: (continued)