Consideration method in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets

Government as well as the Cabinet enforced the measurement “Holiday Shopping” at the end of Year shall create positive atmosphere in spending money for retail business much more than normal time; and shall be

a higher budget for this purpose. The transaction is concerned as acquisition of assets according to the Notification of the Capital Market Supervisory Board No. TorChor 20/2551 Re: Rules on Entering

the main reason that the Company has a net loss from operation since the selling price of biodiesel has decreased according to the price of crude palm oil in the market, while the price of crude palm

is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we

. Government enforced fully lockdown with varying degree of restriction within the 2Q causing significant economic impact. For telecom, new subscriber acquisition as well as handset sale remained weak while

2021, together with the government’ measures; the subsidy to crude palm oil and crude palm kernel oil export which led to the domestic crude palm oil stock level of 200,000 tons in 2021, causing the

biggest palm oil producer had imposed domestic market obligation schemes to ban CPO exports causing the price of CPO inflate. However, in late May 2022, Indonesia’s government reversed a ban on its export

Capital Asset Pricing Model (CAPM) using the market return rate of 11.17 percent and using the 10-year government bond yield The Company has considered such assumptions together with the financial advisor

. 57 percent using the Capital Asset Pricing Model (CAPM) using the market return rate of 11.17 percent and using the 10-year government bond yield The Company has considered such assumptions together