NOTES TO THE FINANCIAL STATEMENTS Cont’d 7. Investments in subsidiaries cont’d Principal place of business/ Country of incorporation Name of entity Principal activities Effective ownership interest and voting interest 2022 2021 % % Direct subsidiaries of PMI: Press Metal International Technology Ltd. * China Manufacturing and trading of aluminium products 92.4 92.4 Press Metal Glomag Precision Technology Co. Ltd. * China Manufacturing of moulds and dies 92.4 92.4 Press Metal International (HK) Limited (“PMIHK”) * Hong Kong Investment holding 92.4 92.4 Foshan Baiwen New Energy Co., Ltd. * # China Marketing and trading of photovoltaic generation system and supply of electricity 92.4 - Direct subsidiaries of PMIHK: Press Metal UK Limited * United Kingdom Marketing of aluminium products 92.4 92.4 Press Metal Aluminium (Australia) Pty. Ltd. * Australia Marketing of aluminium products 92.4 92.4 Press Metal North America Inc. * United States of America Marketing of aluminium products 92.4 92.4 PMB Aluminium Sdn. Bhd. (“PMBA”) Malaysia Manufacturing and trading of aluminium products and investment holding 92.4 92.4 Direct subsidiaries of PMBA: PMB Central Sdn. Bhd. Malaysia Marketing of gypsum boards, aluminium extrusion and other related products 92.4 92.4 PMB Northern Sdn. Bhd. Malaysia Marketing of aluminium and other related products 92.4 92.4 PMB Eastern Sdn. Bhd. Malaysia Marketing of gypsum boards and other related products 92.4 92.4 PMB Aluminium Sabah Sdn. Bhd. Malaysia Marketing of all types of aluminium sections, gypsum boards and other related products 92.4 92.4 ANNUAL REPORT 2022 244
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