Re: Allocation of Cash Flow under Securitization Program and Reporting on Transfer of the Remaining Assets and Benefits of Special Purpose Vehicles

33.00% which is a result from the better monitoring system to control the expenses, The company still focuses on expanding the flexible packaging market. 4. Administrative expenses For Quarter1 of the

and mountain areas, and also expanding to the online media and agency service. Operating Results Overview Operating results in the separate financial statements of the Company for the three-month and

to match with customer requirement which are the results from Sale department has contact new target customer group for expanding the Flexible packaging market. 4. Administrative expenses For Quarter2

government ordered the closure of various stores, more home cooking behaviors. The results of the expanding production line into flexible packaging group help reducing impact from uncontrollable external

% (2008-18) based on Bank Indonesia statistics 5 84.4 million unbanked population as of 2018 based on Euromonitor report Page 3 of 4 • Uniquely positions the Bank to capture new and expanding opportunities

which quarterly sales hit the record high in this quarter. Moreover, the Company still put an emphasize on repeating the success of Carabao energy drinks in other countries and expanding the international

2 new investors on the share capital increase in a proportion of 49 percent on Pace Project One Co., Ltd and 48.7 percent on Pace Project Three Co., Ltd. The Company remeasured the remaining

asset quality management for its loan portfolio and focus on expanding into profitable segment with better asset quality taking into careful considerations the economic conditions. As such, the overall

compared to the previous packaging size of a 330 ml. The new energy drink is not only expanding the customer base to younger generations, being a constructive factor to refresh the brand image of Carabao in