Notes to the Financial Statements

(continued)

34.

Subsidiaries (continued)

Effective ownership

Name of Company

Principal activities

interest (%)

2011

2010

QL NatureCo Sdn. Bhd.

Investment holding

80.00

80.00

and its subsidiaries

QL Palm Pellet Sdn. Bhd.

Development and marketing

80.00

80.00

and its subsidiary

of "Palm Pelletising System"

QL Palm Pellet System

Dormant

80.00

-

Sdn. Bhd. (f.k.a. Artisan

Intelek Sdn. Bhd.)

QL ZeroPoint Green Energy

Dormant

80.00

80.00

Sdn. Bhd.

QL Mutiara (S) Pte. Ltd.*

Investment holding

78.42

78.42

and its subsidiary

PT Pipit Mutiara Indah **

Oil palm cultivation

74.50

74.50

QL Fishery Sdn. Bhd.

Investment holding

100.00

100.00

and its subsidiaries

QL Marine Products Sdn. Bhd.

Manufacturing of surimi

100.00

100.00

and surimi-based products

QL Foods Sdn. Bhd.

Manufacturing of surimi

100.00

100.00

and its subsidiary

and surimi-based products

QL Aquaculture Sdn. Bhd.

Dormant

100.00

100.00

QL Fishmeal Sdn. Bhd.

Manufacturing and trading

100.00

100.00

and its subsidiaries

of fishmeal

PT QL Hasil Laut**

Dormant

99.97

99.95

Ambang Spektrum Sdn. Bhd.

Dormant

100.00

-

QL Endau Marine Products

Manufacturing of fishmeal

70.59

65.89

Sdn. Bhd.

and surimi

and its subsidiaries

QL Endau Deep Sea Fishing

Deep sea fishing

70.59

65.89

Sdn. Bhd.

QL Endau Fishmeal Sdn. Bhd.

Manufacturing of fishmeal

70.59

65.89

Pilihan Mahir Sdn. Bhd.

Dormant

70.59

-

Figo Foods Sdn. Bhd.

Manufacturing and sales of

100.00

100.00

and its subsidiary

frozen "halal" foodstuff

QL Fujiya Pastry Sdn. Bhd.

Manufacturing and sales of

60.00

60.00

frozen "halal" food products

QL Fresh Choice Seafood

Coastal trawling and the

100.00

100.00

Sdn. Bhd.

wholesale of marine products