250 WASCO BERHAD SECTION 6 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 8 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows: Group’s effective interest 2025 % 2024 % Country of incorporation Principal activities Wasco Energy Ltd. 100 100 Bermuda Investment holding Wasco Management Services Sdn. Bhd. 100 100 Malaysia Provision of management support services ~ Wasco (Australia) Pty. Ltd. 60 60 Australia Provision of construction services for the oil and gas industry # Wasco Coatings Limited 100 100 Hong Kong, SAR Investment holding * Wasco Coatings UK Ltd. 100 100 England and Wales Investment holding * Wasco Coatings Singapore Pte. Ltd. 100 100 Singapore Investment holding * Wasco Coatings Middle East QFZ LLC 60 60 State of Qatar Provision of anti-corrosion and concrete weight coating of pipelines to the oil and gas industry Wasco Coatings Services Sdn. Bhd. 100 100 Malaysia Provision of pipe coating and related services to the oil and gas industry * Wasco Coatings Europe B.V. 100 100 The Netherlands Provision of pipe coating and related services to the oil and gas industry # Wasco ISOAF S.R.L 100m 75 Italy Provision of line pipe thermal insulation services # Wasco ISOAF Tz Limited 75m 56 Tanzania Provision of pipe coating, fuel, gas and gas cylinder PPSC Industrial Holdings Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Resources Sdn. Bhd. 100 100 Malaysia Property investment holding Wasco Coatings Malaysia Sdn. Bhd. 70 70 Malaysia Provision of pipe coating and related services to the oil and gas industry
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