Description of subsidiaries incorporated and
controlled by the Company as at balance sheet date:
| Name | | Background | | Effective ownership | | | | | | | | iOThree Maritime Technologies Limited (“iO3 BVI”) | | ● British Virgin Islands company ● Incorporated on August 21, 2023 ● Issued and outstanding 1,000 ordinary shares for US$1,000 ● Investment holding ● Provision of investment holding | | 100% owned by iOThree Cayman | | | | | | | | iO3 Pte. Ltd. (“iO3 Singapore”) | | ● Singaporean company ● Incorporated on February 19, 2019 ● Issued and outstanding 147,360 ordinary shares for US$802,137 ● Satellite communications and software | | 100% owned by iO3 BVI | | | | | | | | iO3 Sdn. Bhd. | | ● Malaysian company ● Incorporated on April 23, 2025 ● Issued and outstanding
100 ordinary shares for RM100 ● Satellite communications and software | | 100% owned by iO3 Singapore |
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