NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F4 Associates and joint ventures (continued) Details of material associates and joint ventures are as follows: (continued) Name Principal activities Country of incorporation/ place of business Effective equity interest held by the Group 2024 2023 % % Associates (continued) Turbine Overhaul Services Pte. Ltd. Repair and service of gas and steam turbine components Singapore 49 49 CityCab Pte. Ltd.1 Rental of taxis and the provision of charge card facilities Singapore 46.5 46.5 Experia Events Pte. Ltd.1 Organising and management of conferences, exhibitions and other related activities, including the biennial Singapore Airshow event Singapore 33 33 Joint ventures Total Engine Asset Management Pte. Ltd.1 Leasing of engines Singapore 50 50 Keystone Holdings (Global) Pte. Ltd.1 Investment holding Singapore 50 50 SPTel Pte. Ltd. Running, operation, management and supply of telecommunications services Singapore 51 51 Juniper Aviation Investment Pte Ltd Investment holding Singapore 50 50 1 Not audited by PricewaterhouseCoopers LLP Singapore. The associates and joint ventures listed above are audited by PricewaterhouseCoopers LLP Singapore and network of member firms of PricewaterhouseCoopers International Limited (PwCIL), except as indicated otherwise. None of the associates and joint ventures of the Group are considered significant in accordance with Rule 718 of The Singapore Exchange Securities Trading Limited – Listing Rules. 243 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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