Date

Wednesday, November 21, 2018

Venue

Gran Melia Hotel
H. R. Rasuna Said street No.Kav X-0, Kuningan Timur,
South Jakarta 12920

Time

10:00 (GMT+7)

Agenda

1. Approval of the plan of proceeds usage from the LPO with Pre-emptive Rights (after deducting with all commissions, fees, fees and other expenses) which are Material Transactions as referred in Regulation No. IX.E.2 regarding the Material Transactions and Change of Main Business Activity, Attachment of the Decision of the Bapepam Chairman Number KEP-614/BL/2011 ("Regulation No. IX.E.2"), are as follow:
   • Acquiring PT Saka Mitra Sejati ("SMS") by purchasing a total of 875 (eight hundred seventy five) shares or 70% (seventy per cent) of the issued and fully paid SMS capital from shareholders.
   •  Acquiring PT International Property Hotel ("HPI") by purchasing a total of 35,640 (thirty five thousand six hundred and forty) shares or 99% (ninety nine per cent) of the issued and fully paid capital from shareholders.
   • Increase the working capital of the Company and its subsidiaries while taking into account the laws and regulations in capital market, with details as follow:  The Company's working capital in operational costs, business development costs, payment of liabilities and financing human resources.  Subsidiary working capital in shareholder loans.  Working capital of a subsidiary in capital deposits.