business operators in making adjustments in response to the growing changes in the digital age and operating business according to their expertise. SEC will continue to make useful developments for

starting from relatively low risk securities to products that are more complicated. This allows investors and business operators time to test the water, sharpen their skills and make adjustments in

their professional ability to give appropriate information to investors. In making appropriate adjustments and enhancing practicality for the industry, the SEC has taken into consideration comments and

) -6.7% Profit attributable to Owners of the Parent 424.2 716.2 -40.8% Foreign Exchange Gain (Loss) 94.6 250.6 -62.2% Adjustments of Revenue Levelization (TFRS 15)5 (64.6) 0.0 N/A Normalized Profit

Previously reported Adjustments and Reclassifications Restated Previouslyreported Adjustments and Reclassifications Restated Previously Impacts from Impacts from Restated reported TFRS 16 TAS 40 Cost of

Margin (%) 11.5% 13.0% -1.5% SG&A expenses 465.7 409.8 55.9 13.6% Loss on exchange rate 153.4 237.0 -83.6 -35.3% Other expenses 71.8 -3.9 75.7 1960.5% Recycling of translation adjustments of an associate

liabilities in calculating net capital. This temporary measure would allow business operators a period to undertake improvements and adjustments to ensure that the subordinated liabilities not counted as

company has suffered a continuous loss, the adjustments in its business plan have enhanced its business valuation results. The Audit Committee and BOD have therefore considered the proposed transactions

Board.Therefore, the SEC is now open for public comments on the draft regulation on capital requirement and other relevant documents. Key points are summarized as follows:  (1) Adjustments to the paid-up

. Consideration The Transaction will be effected on the basis of an agreed valuation of a 1.77 times multiple of Permata’s book value (subject to certain adjustments). This implies, on the basis of Permata’s book