NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2025 3. GROUP COMPANIES Details of subsidiaries of the Company at 31 December are: Name of Company (Country of incorporation) Principal activities (Place of business) Cost Effective equity interest held by the Group 2025 2024 2025 2024 $’000 $’000 % % i CSE Global (Asia) Pte Ltd (Singapore) E-business integration, research and development and investment holding (Singapore) 27,264 27,264 100 100 i CSE Global (Americas) Pte Ltd ^ (Singapore) Investment holding (Singapore) 149,956 100,306 100 100 ii CSE Systems & Engineering (India) Private Limited (1) (India) Sales and provision of computer network systems (India) 36 36 100 100 ii CSE-Hankin (China) Co., Ltd (2) (China) Design and install high temperature thermal process and incineration systems (China) 2,524 2,524 100 100 i CSE Communications & Security Pte Ltd (Singapore) Provision of turnkey telecommunications solutions and security systems (Singapore) 75,302 75,302 100 100 ii CSE-Global (Australia) Pty Ltd (7) (Australia) Distribution of electrical engineering equipment and provision of telecommunications solutions and investment holding (Australia) 55,882 55,882 100 100 i CSE-Crosscom (International) Pte Ltd ^ (Singapore) Investment holding (Singapore) 39,858 28,465 100 100 i CSE Technologies Pte Ltd (Singapore) Investment holding (Singapore) 21,262 21,262 100 100 i Grid Communications Pte Ltd (Singapore) System integration solutions and sales and provision of computer network systems (Singapore) 2,860 2,860 100 100 374,944 313,901 The carrying amount of the Company’s investment in subsidiaries at the balance sheet date is disclosed in Note 5 to the financial statements. ANNUAL REPORT 2025 139
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