Malaysia entity for customers to purchase/obtain solutions beyond the meter. The solutions comprise non-regulated products and services such as energy efficiency, renewable energy and smart cities Malaysia TNB Ventures Sdn. Bhd. 100% 100% Investment holding company Malaysia Subsidiary of TNB Ventures Sdn. Bhd. Tenaga Cable Industries Sdn. Bhd. 76% 76% Manufacturing and distribution of power and general cables, aluminium rods and related activities Malaysia Universiti Tenaga Nasional Sdn. Bhd. 100% 100% Providing higher education SubsidiariesofUniversitiTenagaNasional Sdn.Bhd. UNITEN R&D Sdn. Bhd. 100% 100% Providing research and development in areas related to engineering information technology, business, accountancy, liberal studies and other services Malaysia Yayasan Canselor Universiti Tenaga Nasional - - A trust established under the provision of Trustees (Incorporation) Act 1952 (Act 258) to receive and administer funds for educational andcharitable purposes Malaysia # Audited by a member firm of PricewaterhouseCoopers International Limited which is a separate and independent legal entity from PricewaterhouseCoopers PLT (‘PwC’), Malaysia. * Not audited by PwC. The subsidiaries’ principal place of business is situated in the country of incorporation. NOTES TO THE FINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 359 50 LIST OF JOINT ARRANGEMENTS The list of joint arrangements of the Group is as follows: Name of joint arrangement Group’s effective interest Principal activities Country of incorporation 2023 2022 Joint ventures Seatrac Sdn. Bhd. 50% 50% Dormant Malaysia JointventuresofTNBEnergyServices Sdn.Bhd. FTJ Bio Power Sdn. Bhd. 40% 40% Generation and distribution of electricity using palm empty fruit bunches as its main fuel source Malaysia Metrosphere Hydro Tersat Sdn. Bhd.* 49% 49% Business related in hydro power plant and general trading Malaysia Joint venture of TNB Engineering Corporation Sdn. Bhd. Airport Cooling Energy Supply Sdn. Bhd. 77% 77% T o develop, design, engineer, procure,