217 O N E R E P O R T 2 0 2 2 OVERVIEW BUSINESS OVERVIEW AND PERFORMANCE CORPORATE GOVERNANCE FINANCIAL INFORMATION SUSTAINABLE BUSINESS DEVELOPMENT Person who may have conflicts of interest Relationship 1) AirAsia Berhad (AAB) AAB is a direct subsidiary of Capital A which Capital A holds 100% equity interest and Capital A is also the indirect major shareholder in TAA through AirAsia Aviation Group Limited (formerly known as AirAsia Aviation Limited) 2) PT Indonesia AirAsia (IAA) IAA is an associate of Capital A in which Capital A holds indirect 47.43% equity interest and operates low cost airlines business in Indonesia. 3) Philippines AirAsia, Inc. (PAAI) PAAI is an associate of Capital A in which Capital A holds indirect 39.86% equity interest and operates low cost airlines business in Philippines. 4) AirAsia (Guangzhou) Aviation Service Limited (AGZ) AGZ is an indirect subsidiary of Capital A which Capital A holds 100% equity interest and Capital A is also the indirect major shareholder in TAA through AirAsia Aviation Group Limited (formerly known as AirAsia Aviation Limited) 5) AirAsia X Berhad (AAX) AAX is an affiliate of Capital A in which Capital A holds direct 13.8% equity interest and Capital A is also the indirect major shareholder in TAA through AirAsia Aviation Group Limited (formerly known as AirAsia Aviation Limited) 6) Thai AirAsia X (TAAX) TAAX has three directors who are also directors in TAA; Mr. Tassapon Bijleveld, Mr. Phairat Pornpathananangoon and Mrs. Pattra Boosarawongse and TAAX is an associate of AAX in which AAX holds direct 49% equity interest and operates low cost airlines business for long-haul flight in Thailand. 7) PT Indonesia AirAsia X (IAAX) IAAX is an associate of AAX in which AAX holds direct 49% equity interest and operates low cost airlines business for long-haul flight in Indonesia. 8) Tune Insurance Malaysia Berhad (TIMB) Tune Protect Group Berhad has a director who is also a director in TAA; Dato’ Mohamed Khadar Bin Merican. TIMB is a subsidiary of Tune Protect Group Berhad in which Tune Protect Group Berhad holds direct 83.3% equity interest. Mr. Anthony Francis Fernandes and Datuk Kamarudin Bin Meranun being the indirect major shareholder of both TAA and TIMB. 9) Tune Talk Sdn Bhd (TTSB) TTSB is 25.1% owned by Tune Group Sdn. Bhd., which is jointly owned by Tan Sri Dr. Anthony Fernandes and Dato’ Kamarudin Bin Meranun, both of whom are indirect major shareholders in TAA. 10) Tune Talk (Thailand) Limited Tune Group Sdn. Bhd. is an indirect shareholder in Tune Talk (Thailand) Limited through Tune Talk International Sdn. Bhd. (Malaysia) which holds 48% equity interest in Tune Talk (Thailand) Limited. 11) Great Fortune Broker Co., Ltd. (GFB) GFB is broker for Tune Insurance Plc. 12) AirAsia SEA Limited (formerly known as: AirAsia (IHQ) Limited) (IHQ) IHQ is a direct subsidiary of Capital A in which Capital A holds 100% equity interest. Capital A is also the indirect major shareholder in TAA. IHQ has two directors who are also directors in TAA; Mr. Rozman Bin Omar and Mrs. Pattra Boosarawongse. In the years ended 31 December 2022 and 2021, AAV and TAA have engaged certain transactions with persons who may have conflicts of interest as follows: RELATED PARTY TRANSACTIONS
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