directors - The Lion Group

Financial Place of Effective
Name of Company Year-end Incorporation Equity Interest Principal Activities
2005 2004
% %
Lion Diversified 30 June Malaysia 36 45 Investment holding
Holdings Berhad
* Lion Insurance 30 June Malaysia 41 – Captive insurance
Company Limited business
Sereka Jaya Sdn Bhd 31 December Malaysia – 35 Property development
(yet to commence
operations as of
30 June 2005)
Teck Chiang Investment 30 June Singapore 50 50 Property development
Pte Ltd and investment holding
(yet to commence
operations as of
30 June 2005)
# Tianjin Huali 31 December People’s 25 25 Manufacture of
Motor Co Ltd Republic of commercial vehicles
China
Wuhan Wushang & 31 December People’s 50 50 Mixed commercial
Parkson Enterprise Republic of property development
Development China cum cash and carry
Co Ltd retail business
Associated Company of Lion Forest Industries Berhad
Kinabalu Motor Assembly 30 June Malaysia 17 17 Assembly of
Sendirian Berhad commercial vehicles
# The Group has not accounted for the investment in these associated companies under the equity method of
accounting as the Directors are of the opinion that the Group is no longer in a position to exercise significant
influence in their management. Accordingly, the investment costs or group costs have been included
under long-term investments (Note 20).
* Includes 14% equity interest held by Posim Petroleum Marketing Sdn Bhd, a wholly-owned subsidiary
company of Lion Forest Industries Berhad.
Except for Sereka Jaya Sdn Bhd and Lion Insurance Company Limited, the financial statements of all the associated
companies were examined by auditors other than the auditors of the Company.
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