Corporate Structure

100%

Quest Technology Sdn. Bhd.
Raya Consumable Sdn. Bhd.
Straits Bulkers Maritime Sdn. Bhd
Straits Management Services Sdn. Bhd
Straits Port Management Sdn. Bhd. (“SPM”)
- Fajar Maritime and Logistics Sdn. Bhd. (“FML”)(60% owned by SPM)
   # Victoria STS (Labuan) Sdn. Bhd.  : ("Victoria") (70% owned by FML)
        - Victoria 1 Limited : (100% owned by Victoria)
        - Victoria 2 Limited : (100% owned by Victoria)
        - Victoria 3 Limited : (F.K.A. MPM Victoria 3 Ltd.)(F.K.A SMF Cero Ltd.)(100% owned by Victoria)
- Megah Port Management Sdn. Bhd. (51% owned by SPM)

Incorporated in Labuan
Pan Management Services Ltd.
TMD Straits Ltd.
TMD Sturgeon Ltd.

Incorporated in Cayman Island
TMD Energy Limited
- Straits Marine Fuels & Energy Sdn Bhd ("SMF") (100% owned by TMDEL)

Incorporated in Labuan
(100% owned by SMF)
- SMF Begonia Ltd.
- SMF Ixora Ltd.
- SMF Omura Ltd.
- SMF Eden Maritime Ltd.
Incorporated in Labuan
(51% owned by SMF)
- Sierra Pioneer Marine Ltd.
- Katsu Pioneer Marine Ltd.
- SMF Beluga Ltd.

90%

- Sinar Maju Marin Sdn. Bhd. : (100% owned by SML)

75%

- Straits Infra Sdn. Bhd (F.K.A Macro Lynx Sdn. Bhd.) (70% owned by STS)
- Straits Union Networks Sdn Bhd (F.K.A 5Bar Sdn. Bhd.) (60% owned by STS)
- Wire & Wireless Sdn. Bhd. (51% owned by STS)

70%

Straits Alliance Transport Sdn. Bhd. (“SAT”)
- Straits Alliance Tech Sdn. Bhd. (100% owned by SAT)

Incorporated in Labuan
(100% owned by TMD)
- Cavalla Asia Ltd.
- Dolphin Asia Ltd.
- Escolar Asia Ltd.
- Oscar Asia Ltd.
- Phoenix Asia Ltd.
- S3 Asia Ltd.

67%

Straits Marine Fuels & Energy Sdn. Bhd. (“SMF”) (33% owned by TMD)

Incorporated in Labuan
(100% owned by SMF)
- SMF Begonia Ltd.
- SMF Ixora Ltd.
- SMF Omura Ltd.
- SMF Eden Maritime Ltd.

(51% owned by SMF)
- Sierra Pioneer Marine Ltd.
- Katsu Pioneer Marine Ltd.
- SMF Beluga Ltd.

51%

Selatan Bunker (M) Sdn. Bhd.

Incorporated in Singapore
- Straits Maritime Services Pte. Ltd. (100% owned by SMS)

32.3%

Incorporated in Cayman Island

Incorporated in British Virgin Islands
Banle International Group Limited ("BIG") (100% owned by CIL)

Incorporated in Hong Kong
(100% owned by BIG)
# Reliance (China) Limited (100% owned by Banle)