20251105_SMKM_Laporan Informasi dan Fakta Material_31982758_lamp1.pdf

meeting(s) to be convened and each corporate action will be carried out in accordance with
the prevailing laws and regulations of Indonesia.

Via the acquisition of LSO’s businesses, SMKM will be transformed into a regional aquaculture
company, with aquaculture assets and presences across Indonesia, Malaysia and Singapore.
Post-acquisition, LSO envisages that it will leverage on SMKM’s platform, to raise funds, and
its own aquaculture and commercial expertise to implement measures to improve farm
productivity and expand shrimp processing capacity, as well as to develop a pipeline of
opportunistic acquisition targets to extend vertical and horizontal integration.

By expanding downstream processing capabilities, LSO aims to expand its share of direct
international exports, facilitating margin capture, and eventually enter into seafood import and
distribution in strategic destination markets. In relation to farm productivity, LSO has
developed a mobile application to improve monitoring and hence survival rates and enable
higher intensity farming at traditional farms.

Indonesia is a major aquaculture producer. According to Food and Agriculture Organization of
the United Nations (“FAO”), Indonesia produced 15.36 million live weight tonnes of
aquaculture produce and accounted for approximately 11% of global output in 2023. 1 LSO’s
efforts will aid towards improving Indonesia’s competitiveness in the global aquaculture
market. Within the shrimp farming industry, LSO further estimates that an improvement in
survival rates from less than 50% to 70 – 80% at low intensity farms will raise global shrimp
production by approximately 12%. Based on a market size of US$60 billion as estimated by
FAO, higher survival rates can in turn save the industry up to US$7.2 billion of lost production
each year.2

LSO is currently reorganizing itself for the purpose of this acquisition and to comply with
Indonesia capital market and regulatory requirements. Upon acquisition, LSO will own and
operate more than 800,000 square metres of shrimp farms, across Indonesia and Malaysia,
with an aggregate of 40 culture ponds and it plans to add more than 50 ponds within its existing
farms to raise production capacity to more than 3,500 tonnes of shrimp per annum. Shrimp
processing capacity will also be increased from around 1,200 tonnes per year to more than
5,000 tonnes per year under the initial phases of its expansion. LSO is also in the midst of
developing a sea cucumber farm in the Pacific island of Palau, capable of producing
approximately 1 tonne of products by dry weight under Phase 1 of 10,000 square meters or 1
hectare. LSO has the option to expand this farm to around 50 hectares, all of these
developments will be conducted in accordance with the prevailing laws and regulations of
Indonesia.


1
  FAO. 2025. FishStat: Global production by production source 1950-2023. [Accessed on 28 March 2025]. In:
FishStatJ. Available at www.fao.org/fishery/en/statistics/software/fishstatj. Licence: CC-BY-4.0.
2
  FAO. Globe Fish | Quarterly Shrimp Analysis – June 2024 https://openknowledge.fao.org/items/25673423-
6fc2-4664-8525-fb371fe8d607
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Further details will be announced in due course. The acquisition of LSO’s businesses is
expected to take place around Q1/Q2 2026 or such later date to be announced. Prior to the
addition of this new business, SMKM will remain operational and continue with its current
business activities.

Mr. Budi Aris, President Director of SMKM remarked, “We are thrilled to embark on this
transformative journey with LSO to upgrade and up-value Indonesia’s highly promising
aquaculture sector through strategic investments and supply chain integration. During this
transition period, we will continue to support the Company and LSO to ensure seamless
execution.”

                                  *End of Press Release*




About Lim Shrimp Org. Pte. Ltd.

LSO provides its sustainable high-tech aquaculture, mariculture, water resource and animal
protein intellectual property to improve food security and livelihoods around the world, with
more than 40 years of aquaculture history under its founding family and had completed more
than 40 projects for both government and private sector clients in 20 countries.

About PT Sumber Mas Konstruksi Tbk

PT Sumber Mas Konstruksi Tbk is a general contractor and interior design company driven by
integrity, excellence and visionary leadership that has for more than two decades participated
in the development of Indonesia. The Company was founded on 4 February 1981 and began
to providing road and waterway construction services in 1982 until 2017 when it began to
provide general construction and interior design services to-date. General construction
activities undertaken by the Company include road construction, bridge building, general
building and housing construction, as well as telecommunication infrastructure construction.
The Company’s clients include large private companies, governments and state-owned
enterprises.

For more information, please visit https://www.konstruksimas.co.id/.

Media & Investor Contacts:
Tel: +6221-828-50095
Fax +6221-837-07143
Fax: +65 6668 1997
Email: corsec@konstruksimas.co.id



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