
245923263853788182848587 Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands 696 11434301 38223 Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1-1111Cayman Islands Link Market Services (Hong Kong) Pty Limited28161601 www.goldenhighway.com 9933 GHW International20192020202120222023123120192020202120222023123120192020202120221231 20231231 3,217.720223,378.74.8%20231231337.020221231657.948.8%202312312.720221231274.699.0% 2019 70%202275%40%31%5(i)(ii) 20231231689.62022698.856.12022123131.379.5%MDITDIMDI2022 202312312.72022274.6202312310.3202227.5 (i)20221231657.920231231337.0(ii)(i)(ii) 202410 42%39% (i)(ii)IPBC20242024 33,880,000,00010.020582024 2023910,000,000 20242Mukim GebengDaerah Kuantan Negeri Pahang37,026,00055,539,000 2024322 (PVC) 20221231 202312312019 40%31%5(i)(ii) MDITDI20231231 202312313,217.720223,378.74.8% (i)(ii)20227(iii)(i)(ii) 202312312.72022274.6(i)20221231657.920231231337.0(ii)(i)(ii) 20231231 20221231698.820231231689.6 MDITDI26,9845,603202226,8945,362202212312019MDITDI2019 MDITDI2022123115,25716,4912023123114,41816,856MDI20222023 202212311,180.4202312311,059.7 2023123170%202275%20221231904.020231231759.620221231224.720231231137.7 202212317,8299,951202312314,5446,051 20221231115,47020231231167,173 32,144106.8 20221231732.120231231720.6(i)20227(ii)347.0281.82021 2021207.22022131.0 20221231754.020231231734.4 20221231219.3467.620231231194.7499.220221231532,000276,61820231231525,746340,252202220232023 202212314121,690202312313701,467 20231231 20222023123182.4%78.5% 20221231283.5122.861.420231231296.2152.887.32019 202212312,720.8202312312,880.7(i)(ii)(iii) 20231231 20221231657.920231231337.02022123119.5%2023123110.5%(i)(ii)(iii)2022 2022123113.12023123121.411.4(i)7.77.0(ii)4.92.3 (i)(ii)(iii) 202212318.8202312312.72023123114.4202212319.9 20221231151.820231231132.8 20221231104.520231231123.5(i)(ii) 2022123177.32023123175.212.52022707.7 2022123137.02023123139.2 2022123133.4202312319.5 202312312.720221231274.6 (i)(ii)IPBC2024 33,880,000,00010.020582024 2023910,000,000 20242Mukim GebengDaerah Kuantan Negeri Pahang37,026,00055,539,000 202312311,742.420221,678.677.42022103.2 20231231711.72022655.920231231711.72022645.90%7.2%20220%7.2%202420502022202320502022123110.04.25%5.7%2023 100%122.4%2022108.8%(i)20231231(ii) 9 20231231 153.42022282.7 2023123120.1202217.0 20231231(i)30.4202233.9(ii)43.4355.3202244.499.7(iii)86.0202276.9(iv)2.420223.7(v)11.6202210.6(vi)2.420222.8 202312312022 202312312022 202312311,09820221,02820231231135.82022118.0 20191216 2023312023312023112023123150,900,000 202312312022 20231231 2024219 2024219GHWInternational(Malaysia)SDN BHDMCKILPDevelopmentSDN BHDMukimGebeng Daerah KuantanNegeriPahang37,026,00055,539,000 56GOHI Int’L LimitedGOHI Int’LGoldrayInternational Enterprises Co.,LimitedGoldrayInternationalHavayIndustry Inc.HavayIndustryGHWUSA LLCGHWUSAMostVictory Holdings LimitedMostVictoryGOLDENHIGHWAYHOLDINGS PTE.LTD.GHW PTE2023420GHW INTERNATIONAL (MALAYSIA)SDN.BHD.GHWMALAYSIA202384Golden Highway Mexico, S.de R.L. de C.V.Golden Highway Mexico231989720017 5520012Nuovomondo Chemicals Private LimitedNuovomondo ChemicalsGHWMALAYSIA202384231989720126 55199772319877 52199612319947201212 5119957231995720126 5619984199462005720156 57198919957 70000919202362800226268822168848800242260051319771199362013 562020156202212607202312016126581989719936200512012112002420074 3620091220139 54199832319906 20231231 20184252020121250,000,0000.51 2020121 41 58922 39 20231231 202312318183 202312312022 2023123142 2023123183.4202283.5 420231231 14 202312312023123132 202331202374 202312310.525,450,00050,900,000 3320231231 202312312022197,000 202312312.8%20222.2%8.2%20227.8%202312317.2%202213.4%27.6%202243.7% 202312315% 20231231 20231231 84(1)(3) 2325 3.13 2023123111 30811 23362023123120231231 811 2336 14A.90 2020324110,000,0002%202012120201012%1.8%202112312023202241520224151.8%4%2023694%32,150,0002023123120252023123127.023 202231II54,600,0001.8%202241520224151.8%4%20236152023123120252023123154.623 55.31%14A (a)(b)(c)14A.90 20231231571XV352C3 (a) 375,000,000Commonwealth BCommonwealth Yanbin LimitedCommonwealthYanbin80%(b) 178,141,500Commonwealth Happy ElephantCommonwealthYYB LimitedCommonwealth YYB98.26%Commonwealth B375,000,000Commonwealth Happy Elephant178,141,500 20231231XV352 201912162020121202012120191231 2023123120231231 20231231100,000,000100,000,00010%10% 202331202331 12(i)(ii)10%10%1%10,000,0002023112023123150,900,000 20231231 CommonwealthBCommonwealth Yanbin Commonwealth Violet Limited Commonwealth YYB Commonwealth HappyElephantHMZ Holdings LtdHappyBean Holdings Limited20191219 (a) (b) (c) (d) (e) (f)(i)(ii)(iii) (g) (h) (a) (b)5% (a) (b)(c) (a)30% (b) 30% 2023123120231231 20231231336 1.Commonwealth BCommonwealth Yanbin80%Commonwealth YanbinCommonwealth B2.CommonwealthHappy El