Principal activities Country of incorporation 2023 2022 Subsidiaries of Vantage RE Ltd. (continued) Vantage RE No. 2 Limited 100% 100% Investment holding company United Kingdom Vantage RE No 3 Limited 100% - Investment holding company United Kingdom Subsidiaries of Vantage RE No 3 Limited Elipsgeen Limited* 100% - Operation of solar assets for the generation and sale of electricity Republic of Ireland Dullarbtons Limited* 100% - Operation of solar assets for the generation and sale of electricity Republic of Ireland TNB Power Generation Sdn. Bhd. 100% 100% Ownership, management and operation of the domestic power plants, renewable energy generation business, power plant operation and maintenance business and dry bulk terminal operation business Malaysia Subsidiaries of TNB Power Generation Sdn. Bhd. Integrax Berhad 100% 100% Investment holding company Malaysia Subsidiariesof Integrax Berhad Integrax Maritime Services Sdn. Bhd. 100% 100% Dormant Malaysia Pelabuhan Lumut Sdn. Bhd. 100% 100% Investment holding company Malaysia Subsidiary of Pelabuhan Lumut Sdn. Bhd. Lekir Bulk Terminal Sdn. Bhd. 100% 100% Development, ownership and management of a dry bulk terminal Malaysia Subsidiaries of TNB Power Generation Sdn. Bhd. (continued) Jimah East Power Sdn. Bhd. 70% 70% Generate and deliver electricity energy and generating capacity to TNB Malaysia Kapar Energy Ventures Sdn. Bhd. 60% 60% Generate and deliver electricity energy and generating capacity to TNB Malaysia Manjung Island Energy Berhad - - Special purpose company to raise Islamic securities under the Islamic Securities Programme Malaysia NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 TENAGA NASIONAL BERHAD Integrated Annual Report 2023 356 49 LIST OF SUBSIDIARIES (CONTINUED) The list of subsidiaries of the Group is as follows: (continued) Name of subsidiary Group’s effective interest Principal activities Country of incorporation 2023 2022 Subsidiaries of TNB Power Generation Sdn. Bhd. (continued) Southern Power Generation Sdn. Bhd. 70% 70% Generate and