20260727_BABY_Tanggapan atas Permintaan Penjelasan Bursa_32115109_lamp2.pdf

     This decrease was primarily due to net cash used in financing activities of
     Rp125,740,895,229, which included the full settlement of the bank loan to PT Bank Mandiri
     (Persero) Tbk amounting to Rp69,934,607,163 and lease liability payments of
     Rp72,824,550,388, which together exceeded the net cash generated from operating activities
     of Rp136,093,970,509, after taking into account net cash used in investing activities of
     Rp16,351,284,566.

c.   Strategi Perseroan dalam menjaga likuiditas jangka pendek, terutama dalam menjaga saldo
     kas dan bank Perseroan.
     The Company's strategy for maintaining short-term liquidity, particularly adequate cash and
     cash equivalent balances.

     Dalam menjaga likuiditas jangka pendek, Perseroan menerapkan strategi pengelolaan modal
     kerja yang mencakup pengendalian persediaan yang lebih ketat, optimalisasi penagihan
     piutang usaha, perpanjangan jangka waktu pembayaran utang usaha, efisiensi biaya
     operasional, serta pemantauan arus kas operasi secara berkala guna memastikan ketersediaan
     dana untuk memenuhi kewajiban jangka pendek.
     To maintain short-term liquidity, the Company applies a working capital management
     strategy that includes tighter inventory control, optimization of trade receivables collection,
     extension of trade payables terms where possible, operational cost efficiencies, and periodic
     monitoring of operating cash flows to ensure the availability of funds to meet short-term
     obligations.


2. Sehubungan dengan CALK tentang piutang usaha serta piutang lain-lain Perseroan dengan
   pihak ketiga dan pihak berelasi, agar disampaikan
   With respect to the Notes to the Financial Statements concerning Trade Receivables and
   Other Receivables, please provide:

a.   Latar belakang terdapat piutang usaha yang telah jatuh tempo di atas 90 hari pada periode 31
     Maret 2026.
     Background of trade receivables overdue by more than 90 days as of 31 March 2026.

     Latar belakang munculnya saldo ini umumnya terkait dengan siklus rekonsiliasi pembayaran
     dari mitra distribusi/marketplace tertentu yang memerlukan waktu verifikasi lebih panjang,
     dan bukan indikasi ketidakmampuan bayar pelanggan yang bersangkutan, mengingat
     pelanggan pihak ketiga terbesar (termasuk platform e-commerce) merupakan mitra dagang
     jangka panjang Perseroan. Cadangan kerugian penurunan nilai piutang usaha telah dibentuk
     untuk mengantisipasi risiko tidak tertagihnya piutang tersebut.
     This balance generally relates to the reconciliation and settlement cycle with certain
     distribution/marketplace partners requiring longer verification time, rather than an
     indication of the relevant customer's inability to pay, as the Company's largest third-party
     customers (including e-commerce platforms) are long-standing trading partners. An
     allowance for impairment losses has been provided to anticipate the risk of non-collection.

b.   Latar belakang penurunan piutang usaha menjadi nihil kepada pihak berelasi sejak periode
     31 Desember 2025.
     Background of the reduction of related-party trade receivables to nil as of 31 December
     2025.

     Piutang usaha kepada pihak berelasi menjadi nihil sejak 31 Desember 2025 karena transaksi
     penjualan Perseroan kepada entitas sepengendali telah diselesaikan/dilunasi pada periode
     tersebut.
     Related party trade receivables became nil as of December 31, 2025 because sales
     transactions to entities under common control were settled during that period.

c.   Metode Perseroan dalam menghitung cadangan penurunan nilai piutang usaha.
     Methodology for determining the allowance for impairment of trade receivables.

     Sesuai kebijakan akuntansi Catatan 3g dan PSAK 109, Grup menerapkan pendekatan yang
     disederhanakan (simplified approach) dengan cadangan kerugian kredit ekspektasian seumur
     hidup (lifetime ECL) untuk seluruh piutang usaha dan piutang lain-lain tanpa komponen
     pendanaan signifikan. Piutang usaha dikelompokkan berdasarkan karakteristik risiko kredit
     dan umur jatuh tempo (days past due) yang serupa untuk menentukan tingkat kerugian
     ekspektasian.
     In accordance with accounting policy Note 3g and PSAK 109, the Group applies the
     simplified approach using a lifetime expected credit loss (ECL) allowance for all trade
     receivables and other receivables without significant financing components. Trade
     receivables are grouped based on similar credit risk characteristics and days past due to
     determine the expected loss rate.

d.   Rincian pelanggan yang mengalami kondisi going concern atau tidak dapat membayar
     piutang kepada Perseroan (jika ada).
     Details of customers with going concern issues or unable to settle receivables (if any).

     Tidak ada pelanggan yang mengalami going concern atau tidak dapat membayar piutang
     kepada Perseroan.
     There are no customers experiencing going concern issues or who are unable to settle their
     outstanding receivables with the Company.

e.   Strategi Perseroan dalam memastikan kolektabilitas piutang usaha tepat waktu, agar
     Perseroan dapat menyampaikan nilai dan persentase kolektabilitasnya.
     Strategy to ensure timely collection of receivables, including collection value and percentage.

     Strategi Perseroan dalam memastikan kolektabilitas piutang usaha antara lain melalui
     pemantauan umur piutang (aging) secara berkala, konfirmasi piutang secara langsung kepada
     pelanggan (termasuk prosedur konfirmasi positif oleh auditor independen), evaluasi risiko
     kredit per pelanggan, serta tindak lanjut penagihan yang terstruktur.
     The Company's strategies to ensure timely collectability of trade receivables include periodic
     aging monitoring, direct receivable confirmations to customers (including positive
     confirmation procedures performed by the independent auditor), per-customer credit risk
     assessment, and structured collection follow-up.

f.   Informasi terkini atas penerapan terms of payment Perseroan, khususnya jangka waktu
     pembayaran dari pelanggan non-eceran dan marketplace.
     Current payment terms for non-retail customers and marketplaces.

     Perseroan menerapkan terms of payment yang disesuaikan dengan karakteristik pelanggan
     dan kesepakatan bisnis yang berlaku. Untuk pelanggan non-eceran dan marketplace, jangka
     waktu pembayaran pada umumnya adalah 30 (tiga puluh) hari. Selain itu, Perseroan juga
     memiliki pelanggan dengan skema pembayaran Cash Before Delivery (CBD) dan Cash on
     Delivery (COD).
     The Company applies payment terms based on the characteristics of its customers and the
     applicable business agreements. For non-retail customers and marketplace customers, the
     standard payment term is generally 30 (thirty) days. In addition, the Company also serves
     customers under Cash Before Delivery (CBD) and Cash on Delivery (COD) payment
     arrangements.

g.   Upaya dan strategi yang telah dan akan dilakukan Perseroan agar tingkat kesehatan nilai
     piutang usaha tetap terjaga dan piutang dapat tertagih.
     Measures implemented and planned to maintain receivable quality and collectability.

     Upaya dan strategi yang telah dan akan terus dilakukan Perseroan meliputi pemantauan
     umur piutang secara rutin, penerapan batas kredit (credit limit) per pelanggan, prosedur
     konfirmasi dan rekonsiliasi piutang secara berkala, serta eskalasi penagihan bagi piutang
     yang telah jatuh tempo.
     The measures the Company has taken and will continue to take include routine aging
     monitoring, application of per-customer credit limits, periodic receivable confirmation
     and reconciliation procedures, and escalation of collection efforts for past-due receivables.

3. Sehubungan dengan CALK tentang piutang lain-lain Perseroan, agar disampaikan:
   With respect to Other Receivables, please provide:

a. Natur dan latar belakang piutang lain-lain Perseroan yang berasal dari pihak ketiga dan pihak
   berelasi.
   Nature and background of other receivables from third parties and related parties.

     Natur dan latar belakang piutang lain-lain Perseroan terutama merupakan pinjaman
     karyawan (employee loan) dan piutang atas transaksi selain penjualan barang dagangan dari
     pihak berelasi.
     The nature of the Company's other receivables primarily consists of employee loans and
     receivables arising from non-trade transactions with related parties..

b.   Latar belakang penurunan piutang lain-lain pada periode 31 Maret 2026.
     Background of the decrease as of 31 March 2026.

     Penurunan piutang lain-lain terutama disebabkan oleh pelunasan sebagian pinjaman
     karyawan selama kuartal berjalan.
     The decrease in other receivables was mainly due to partial repayment of employee loans
     during the quarter.

4. Sehubungan dengan CALK tentang persediaan, agar disampaikan:
   With respect to Inventories, please provide:

a.   Latar belakang kenaikan persediaan pada periode 31 Maret 2026 dibandingkan periode 31

     Desember 2025.
     The reasons behind the increase in the inventories as of March 31, 2026, compared to
     December 31, 2025.

     Persediaan bersih naik dari Rp342.202.193.259 pada 31 Desember 2025 menjadi
     Rp351.759.453.612 pada 31 Maret 2026 (naik Rp9.557.260.353, +2,8%), sejalan dengan
     pertumbuhan penjualan sebesar 14,3% pada kuartal I 2026 dan strategi pembelian barang
     dagangan untuk mengantisipasi permintaan musiman.
     Net inventory increased from Rp342,202,193,259 as of December 31, 2025 to
     Rp351,759,453,612 as of March 31, 2026 (up Rp9,557,260,353, +2.8%), in line with
     14.3% sales growth in Q1 2026 and merchandise purchasing to anticipate seasonal
     demand.

b.   Latar belakang kenaikan signifikan pada nilai barang dalam perjalanan pada periode
     31 Maret 2026 dibandingkan periode 31 Desember 2025.
     The reasons behind the significant increase in the value of goods in transit as of March 31,
     2026, compared to December 31, 2025.

     Persediaan barang dalam perjalanan Perseroan per 31 Maret 2026 tercatat sebesar
     Rp38.680.343.016, meningkat sebesar Rp15.515.231.489 atau 66,98% dibandingkan posisi
     per 31 Desember 2025 sebesar Rp23.165.111.527. Peningkatan ini terutama disebabkan
     oleh peningkatan volume pembelian barang dagangan dalam rangka persiapan stok untuk
     memenuhi permintaan pada periode mendatang, dimana barang tersebut telah dibeli dan
     dicatat sebagai persediaan Perseroan namun secara fisik belum diterima di gudang pada
     tanggal pelaporan.
     The Company's stocks in transit as of March 31, 2026 amounted to Rp38,680,343,016, an
     increase of Rp15,515,231,489 or 66.98% compared to Rp23,165,111,527 as of December
     31, 2025. This increase was primarily attributable to a higher volume of merchandise
     purchases in preparation for anticipated demand in the following period, whereby such
     goods had been purchased and recorded as the Company's inventory but had not yet been
     physically received at the warehouse as of the reporting date.

c.   Latar belakang peningkatan cadangan penurunan nilai persediaan pada periode 31
     Maret 2026 dibandingkan periode 31 Desember 2024.
     The reason for the increase in the inventory valuation allowance as of March 31, 2026,
     compared to December 31, 2024.

     Cadangan penurunan nilai persediaan Perseroan meningkat dari Rp 12.484.541.962 pada
     31 Desember 2024 menjadi Rp24.390.967.174 pada 31 Maret 2026. Peningkatan ini
     terutama disebabkan oleh bertambahnya persediaan usia lanjut (slow-moving/aging),
     penerapan kebijakan penilaian persediaan yang lebih konservatif berdasarkan hasil review
     nilai realisasi bersih (NRV) terkini, serta pertumbuhan basis persediaan seiring ekspansi
     usaha. Peningkatan ini merupakan penerapan konsisten kebijakan akuntansi persediaan

      Perseroan sesuai SAK yang berlaku, dan tidak mengindikasikan kondisi memburuk yang
      signifikan terhadap operasional Perseroan.
      The Company's allowance for decline in value of inventories increased from
      Rp12,484,541,962 as of December 31, 2024) to Rp24,390,967,174 as of March 31, 2026.
      This increase was mainly due to higher levels of slow-moving/aging inventory, the
      application of a more conservative valuation policy based on updated net realizable value
      (NRV) reviews, and growth in the inventory base in line with business expansion. This
      increase reflects the Company's consistent application of its inventory accounting policy
      under prevailing SAK/PSAK standards and does not indicate significant deterioration in
      the Company's overall operations.

d.    Metode dan dasar Perseroan dalam menentukan cadangan penurunan nilai persediaan,
      termasuk kebijakan atas persediaan slow-moving dan usang.
a.    The Company’s methods and basis for determining inventory impairment reserves,
      including its policies regarding slow-moving and obsolete inventory.

      Perseroan menetapkan penyisihan atas keusangan dan/atau penurunan nilai persediaan
      berdasarkan hasil penelaahan berkala atas kondisi fisik dan nilai realisasi neto persediaan,
      termasuk atas persediaan yang bergerak lambat (slow-moving) dan usang.
      The Company’s determines an allowance for obsolescence and/or impairment of
      inventories based on periodic reviews of the physical condition and net realizable value of
      inventories, including for slow-moving and obsolete inventories.

e.    Informasi sehubungan dengan siklus konversi kas atau Cash Conversion Cycle (CCC), agar
      dapat disampaikan perhitungan CCC dari Perseroan dengan mengisi tabel berikut:
      Please provide information regarding the cash conversion cycle (CCC) by calculating the
      Company’s CCC and filling out the following table:

               Rasio Keuangan                           31 Mar 2026                                      31 Des 2025
Days of Inventory Outstanding (DIO)            193 hari/days                                   207 hari/days
Days of Sales Outstanding (DSO)                14 hari/days                                    14 hari/days
Days of Payables Outstanding (DPO)             58 hari/days                                    44 hari/days
Cash Conversion Cycle (CCC)                    149 hari/days                                   177 hari/days
Days of Inventory Outstanding (DIO), Days of Sales Outstanding (DSO), Days of Payables Outstanding (DPO), dan Cash Conversion Cycle
(CCC).


f.    Atas jaringan toko dan pusat distribusi yang dioperasikan Perseroan, agar dapat
      disampaikan kontribusi terhadap nilai persediaan dengan mengisi tabel berikut:
      With respect to the Company's retail store network and distribution centers, please provide
      their contribution to the inventory balance by completing the table below:

g.   Strategi Perseroan dalam menjaga atau mempercepat perputaran persediaan, mengingat
     perputaran persediaan Perseroan tergolong panjang.
     .The Company’s strategy for maintaining or accelerating inventory turnover, given that
     the Company’s inventory turnover is relatively long.

     Perseroan terus memperkuat perencanaan pembelian berbasis data penjualan (demand
     planning), mempercepat siklus markdown untuk barang slow-moving, dan
     mengoptimalkan bauran saluran penjualan (retail, non-retail, dan e-commerce/marketplace)
     untuk mempercepat perputaran.
     The Company continues to strengthen its data-driven demand planning, accelerate the
     markdown cycle for slow-moving inventory, and optimize its sales channel mix (retail,
     non-retail, and e-commerce/marketplace) to improve inventory turnover.

h.   Kebijakan dan prosedur Perseroan dalam melakukan seleksi, evaluasi, dan penetapan
     vendor/pemasok (termasuk kriteria kualifikasi dan mekanisme persetujuan).
     The Company’s policies and procedures for selecting, evaluating, and appointing
     vendors/suppliers (including qualification criteria and approval mechanisms).

     Perseroan menerapkan kebijakan dan prosedur pengadaan yang mengatur proses seleksi,
     evaluasi, dan penetapan vendor/pemasok. Seleksi dilakukan berdasarkan kriteria antara
     lain legalitas, reputasi, kualitas barang dan/atau jasa, harga yang kompetitif, kemampuan
     memenuhi kebutuhan operasional, serta ketepatan waktu pengiriman. Penetapan vendor
     dilakukan melalui proses evaluasi dan persetujuan sesuai dengan kebijakan serta matriks
     kewenangan yang berlaku di Perseroan.
     The Company has established procurement policies and procedures governing the
     selection, evaluation, and appointment of vendors/suppliers. Vendors are selected based
     on criteria including legal compliance, reputation, quality of goods and/or services,
     competitive pricing, ability to meet operational requirements, and timely delivery. Vendor
     appointments are made through an evaluation and approval process in accordance with
     the Company's procurement policies and delegated authority matrix.


i.   Mekanisme Perseroan dalam memastikan transaksi dengan vendor, khususnya vendor pihak
     berelasi, dilakukan secara wajar (arm’s length) dan bebas dari benturan kepentingan.
     The Company’s mechanisms for ensuring that transactions with vendors—particularly
     related-party vendors—are conducted on an arm’s-length basis and are free from conflicts of
     interest.

     Perseroan memastikan bahwa setiap transaksi dengan vendor, termasuk vendor pihak berelasi,
     dilakukan berdasarkan prinsip arm's length dan mengacu pada ketentuan peraturan

     perundang-undangan yang berlaku. Transaksi tersebut didukung oleh dasar komersial yang
     wajar, melalui proses evaluasi dan persetujuan sesuai dengan kebijakan internal Perseroan,
     serta dilakukan dengan memperhatikan prinsip transparansi, kewajaran, dan pengelolaan
     benturan kepentingan.
     The Company ensures that all transactions with vendors, including related-party vendors, are
     conducted on an arm's length basis and in compliance with the applicable laws and
     regulations. Such transactions are supported by a sound commercial rationale and are
     subject to the Company's internal evaluation and approval processes. In addition, they are
     carried out in accordance with the principles of transparency, fairness, and the proper
     management of conflicts of interest.

j.   Tingkat ketergantungan Perseroan terhadap pemasok utama serta strategi mitigasi risiko
     konsentrasi pemasok.
     The Company’s level of dependence on major suppliers and its strategy for mitigating
     supplier concentration risk.

     Perseroan tidak memiliki tingkat ketergantungan yang material terhadap satu pemasok
     tertentu. Perseroan bekerja sama dengan berbagai pemasok untuk mendukung
     kelangsungan operasional dan menjaga ketersediaan produk. Sebagai langkah mitigasi
     risiko konsentrasi pemasok, Perseroan secara berkala melakukan evaluasi terhadap kinerja
     pemasok, menjaga hubungan dengan beberapa pemasok alternatif, serta melakukan
     diversifikasi sumber pengadaan sesuai dengan kebutuhan operasional.
     The Company does not have a material dependency on any single supplier. The Company
     collaborates with a diverse range of suppliers to support its operations and ensure product
     availability. To mitigate supplier concentration risk, the Company periodically evaluates
     supplier performance, maintains relationships with alternative suppliers, and diversifies
     its procurement sources in accordance with its operational requirements.


k.   Mekanisme evaluasi kinerja vendor secara berkala dan tindak lanjut atas vendor yang tidak
     memenuhi standar Perseroan.
     A mechanism for periodically evaluating vendor performance and taking follow-up action
     against vendors that do not meet the Company’s standards.

     Perseroan melakukan evaluasi kinerja vendor secara berkala berdasarkan aspek kualitas
     barang dan/atau jasa, ketepatan waktu pengiriman, tingkat layanan, serta kepatuhan
     terhadap ketentuan kerja sama. Apabila terdapat vendor yang tidak memenuhi standar
     Perseroan, dilakukan evaluasi lebih lanjut dan tindak lanjut yang diperlukan, termasuk
     pemberian umpan balik, permintaan tindakan perbaikan, atau peninjauan kembali kerja
     sama sesuai dengan kebijakan Perseroan.
     The Company periodically evaluates vendor performance based on the quality of goods
     and/or services, delivery timeliness, service levels, and compliance with the agreed terms
     and conditions. If a vendor fails to meet the Company's standards, the Company conducts
     further evaluation and takes appropriate follow-up actions, including providing feedback,
     requesting corrective actions, or reviewing the continuation of the business relationship in
     accordance with the Company's policies.

l.   Kebijakan dan frekuensi Perseroan dalam melakukan stock opname atas persediaan di
     seluruh gerai dan pusat distribusi.
     The Company’s policy and frequency for conducting physical inventory counts of

     inventory at all retail outlets and distribution centers.

     Perseroan melakukan stock opname atas persediaan di seluruh gerai dan pusat distribusi
     sesuai dengan kebijakan internal Perseroan. Full stock opname dilaksanakan dua kali
     dalam setahun, sedangkan cycle count dilakukan setiap bulan. Hasil stock opname dan
     cycle count dievaluasi serta ditindaklanjuti untuk memastikan keakuratan pencatatan
     persediaan dan mendukung efektivitas pengendalian internal Perseroan.
     The Company conducts inventory stock takes at all retail stores and distribution centers in
     accordance with its internal policies. A full stock take is performed twice a year, while
     cycle counts are conducted monthly. The results of the stock takes and cycle counts are
     evaluated and followed up to ensure the accuracy of inventory records and to support the
     effectiveness of the Company's internal controls.

m. Mekanisme Perseroan dalam menangani dan menindaklanjuti selisih hasil stock opname
   (selisih lebih/kurang) serta ambang batas toleransi yang ditetapkan.
   The Company’s procedures for handling and addressing discrepancies in physical
   inventory counts (surpluses/shortages) and the established tolerance thresholds.

     Perseroan melakukan investigasi dan rekonsiliasi atas setiap selisih hasil stock opname,
     baik selisih lebih maupun selisih kurang, untuk mengidentifikasi penyebabnya. Apabila
     diperlukan, dilakukan penghitungan ulang (recount) serta evaluasi oleh unit terkait.
     Penyesuaian pencatatan persediaan dilakukan sesuai dengan hasil investigasi dan prosedur
     internal Perseroan setelah memperoleh persetujuan sesuai dengan matriks kewenangan
     yang berlaku. Perseroan tidak menetapkan ambang batas toleransi tertentu, sehingga setiap
     selisih hasil stock opname dievaluasi dan ditindaklanjuti sesuai dengan kebijakan internal.
     The Company investigates and reconciles all inventory discrepancies identified during
     stock takes, including both inventory shortages and overages, to determine their root
     causes. Where necessary, recounts are performed and the discrepancies are reviewed by
     the relevant departments. Inventory records are adjusted based on the investigation results
     and the Company's internal procedures, subject to the applicable approval authority
     matrix. The Company does not apply a specific tolerance threshold; therefore, all stock
     take discrepancies are evaluated and followed up in accordance with its internal policies.

n.   Sistem pencatatan dan pemantauan persediaan yang digunakan Perseroan (misalnya
     perpetual atau periodik) serta integrasinya antara gerai fisik dan saluran daring.
     The inventory tracking and monitoring system used by the Company (e.g., perpetual or
     periodic) and its integration between physical stores and online channels.

     Perseroan menggunakan sistem pencatatan persediaan secara perpetual, sehingga setiap
     transaksi persediaan dicatat secara real-time dalam sistem. Sistem tersebut telah
     terintegrasi antara gerai fisik, pusat distribusi, dan saluran penjualan daring (online),
     sehingga memungkinkan pemantauan ketersediaan persediaan secara berkelanjutan serta
     mendukung pengelolaan persediaan yang lebih efektif dan akurat.
     The Company applies a perpetual inventory recording system, whereby inventory
     transactions are recorded in real time. The system is integrated across retail stores,
     distribution centers, and online sales channels, enabling continuous monitoring of
     inventory availability and supporting effective and accurate inventory management.

o.   Pengendalian internal Perseroan dalam mencegah dan mendeteksi risiko kehilangan
     (shrinkage), pencurian, serta kerusakan persediaan.

     The Company’s internal controls to prevent and detect the risk of shrinkage, theft, and
     damage to inventory.
     Perseroan menerapkan pengendalian internal untuk meminimalkan risiko kehilangan
     (shrinkage), pencurian, dan kerusakan persediaan, antara lain melalui pembatasan akses ke
     area penyimpanan, pemantauan persediaan secara berkala melalui cycle count dan stock
     opname, rekonsiliasi antara catatan sistem dan hasil fisik, serta pemantauan melalui CCTV
     di lokasi operasional. Selain itu, setiap selisih atau temuan yang signifikan ditindaklanjuti
     melalui proses investigasi dan tindakan perbaikan sesuai dengan kebijakan internal
     Perseroan.
     The Company implements internal controls to minimize the risk of inventory shrinkage,
     theft, and damage, including restricted access to storage areas, periodic inventory
     monitoring through cycle counts and stock takes, reconciliation between system records
     and physical counts, and CCTV monitoring at operational locations. In addition, any
     significant discrepancies or findings are investigated and followed up with appropriate
     corrective actions in accordance with the Company's internal policies.

5.   Sehubungan dengan CALK tentang biaya dibayar di muka dan uang muka, agar disampaikan:
     Regarding the CALK on prepaid expenses and advance payments, please provide the
     following:

a.   Natur dan latar belakang pencatatan biaya dibayar di muka dan uang muka Perseroan.
     The nature and background of the Company’s recording of prepaid expenses and advance
     payments.

     Biaya dibayar di muka merupakan pembayaran yang dilakukan Perseroan atas barang
     dan/atau jasa yang manfaat ekonominya akan diterima pada periode mendatang, sehingga
     diakui sebagai aset dan diamortisasi menjadi beban sesuai dengan masa manfaatnya. Saldo
     biaya dibayar di muka Perseroan terutama terdiri atas biaya sewa, lisensi, asuransi, serta biaya
     pemeliharaan perangkat lunak dan royalti.
     Prepaid expenses represent payments made by the Company for goods and/or services from
     which the economic benefits will be received in future periods. Accordingly, such payments
     are recognized as assets and amortized as expenses over the respective benefit periods. The
     Company's prepaid expenses mainly consist of rent, licenses, insurance, as well as software
     maintenance and royalty expenses.

     Uang muka merupakan pembayaran di muka kepada pemasok atau pihak ketiga atas
     pengadaan barang dan/atau jasa yang pada tanggal pelaporan belum diterima atau belum
     dimanfaatkan oleh Perseroan. Setelah barang atau jasa diterima sesuai dengan ketentuan yang
     berlaku, saldo uang muka akan direklasifikasi ke akun aset atau beban yang terkait.
     Advances represent advance payments made to suppliers or third parties for the procurement
     of goods and/or services that have not yet been received or utilized by the Company as of the
     reporting date. Upon receipt of the related goods or services, the advances are reclassified to
     the relevant asset or expense accounts.


b. Realisasi terkini atas biaya dibayar di muka dan uang muka tersebut dari masing-masing
pihak.
    The current status of these prepaid expenses and advance payments from each party.

     Biaya dibayar di muka telah direalisasikan secara bertahap sesuai dengan periode manfaat

    masing-masing, antara lain untuk sewa, lisensi, asuransi, serta biaya pemeliharaan perangkat
    lunak dan royalti, sesuai dengan ketentuan perjanjian yang berlaku. Adapun uang muka
    kepada masing-masing pihak akan direalisasikan setelah barang dan/atau jasa diterima sesuai
    dengan progres pelaksanaan atau ketentuan dalam perjanjian. Hingga saat ini tidak terdapat
    kendala material dalam realisasi biaya dibayar di muka maupun uang muka tersebut.
    The prepaid expenses have been realized progressively in accordance with their respective
    benefit periods, including rent, licenses, insurance, software maintenance, and royalty
    expenses, in line with the terms of the respective agreements. Advances to each counterparty
    will be realized upon the receipt of the related goods and/or services in accordance with the
    progress of delivery or the contractual terms. As of the date of this response, there are no
    material issues affecting the realization of the Company's prepaid expenses or advances.

6. Sehubungan dengan CALK tentang aset tetap, agar disampaikan:
   Regarding the CALK on fixed assets, please provide the following:

a. Agar dapat dijelaskan latar belakang penambahan dan pengurangan aset tetap Perseroan pada
   periode 31 Maret 2026 dan 31 Desember 2025 dengan mengisi tabel berikut:
   Please explain the reasons for the additions and disposals of the Company's fixed assets
   during the periods ended 31 March 2026 and 31 December 2025 by completing the table
   below:

   Berikut kami sampaikan ringkasan mutasi aset tetap beserta latar belakang penambahan dan
   pengurangan aset tetap Perseroan pada periode 31 Maret 2026 dan 31 Desember 2025:
   Please find below a summary of the movements in the Company's fixed assets, together with
   the underlying reasons for the additions and disposals during the periods ended 31 March
   2026 and 31 December 2025:

b. Latar belakang penurunan aset tetap pada periode 31 Maret 2026 dibandingkan periode 31
   Desember 2025.
   The reasons for the decrease in fixed assets as of March 31, 2026, compared to December 31,
   2025.

   Nilai buku bersih aset tetap turun dari Rp46.305.510.463 pada 31 Desember 2025 menjadi
   Rp43.764.896.955 pada 31 Maret 2026 (turun Rp2.540.613.508), terutama karena beban
   penyusutan periode berjalan (Rp5.013.596.755) yang melebihi penambahan aset tetap baru
   (Rp2.745.602.822, terutama untuk kendaraan dan aset dalam penyelesaian), sesuai pola
   belanja modal yang konservatif pada kuartal pertama tahun berjalan.
   Fixed assets' net book value decreased from Rp46,305,510,463 as of December 31, 2025 to
   Rp43,764,896,955 as of March 31, 2026 (down Rp2,540,613,508), mainly because current-
   period depreciation (Rp5,013,596,755) exceeded new fixed asset additions (Rp2,745,602,822,
   mainly for vehicles and construction in progress), consistent with a conservative capex pattern
   in the first quarter of the year.

c. Rincian dan status aset dalam penyelesaian, termasuk estimasi waktu penyelesaian dan tujuan
   penggunaannya.
   Details and status of assets in the process of being settled, including estimated completion
   times and intended uses.

   Aset dalam penyelesaian pada 31 Maret 2026 sebesar Rp2.294.338.441 merupakan
   pembangunan gerai (toko) baru Perseroan yang akan direklasifikasi ke akun aset tetap terkait
   setelah pembangunan selesai dan siap digunakan, dengan estimasi persentase penyelesaian
   80%-95% dan estimasi tahun penyelesaian 2026-2028. Tujuan penggunaan aset tersebut
   adalah untuk ekspansi jaringan toko ritel Perseroan.
   Assets under construction as of March 31, 2026 amounting to Rp2,294,338,441 relate to the
   Company's new store development, which will be reclassified to the related fixed asset account
   once construction is completed and the asset is ready for use, with an estimated completion
   percentage of 80%-95% and estimated completion years of 2026-2028. The purpose of these
   assets is the expansion of the Company's retail store network.

7. Sehubungan dengan CALK tentang aset hak guna dan liabilitas sewa, agar disampaikan:
   Regarding the CALK on right-of-use assets and lease liabilities, please provide the following:

a.   Latar belakang penurunan aset hak guna pada periode 31 Maret 2026 dibandingkan periode
     31 Desember 2025.
     The background for the decrease in right-of-use assets as of March 31, 2026, compared to
     December 31, 2025.

     Aset hak-guna neto turun dari Rp127.556.083.518 pada 31 Desember 2025 menjadi
     Rp111.141.352.548 pada 31 Maret 2026, terutama karena beban penyusutan periode berjalan
     (Rp18.489.717.143) yang jauh melebihi penambahan aset hak-guna baru dari sewa toko
     baru/perpanjangan (Rp1.336.649.994) pada kuartal I 2026.
     Net right-of-use assets decreased from Rp127,556,083,518 as of December 31, 2025 to
     Rp111,141,352,548 as of March 31, 2026, mainly because current-period depreciation
     (Rp18,489,717,143) significantly exceeded additions from new/renewed store leases
     (Rp1,336,649,994) in Q1 2026.
b.   Rincian jumlah gerai/toko yang disewa, jangka waktu sewa, serta kebijakan Perseroan dalam
     memperpanjang atau menghentikan kontrak sewa.
     Details on the number of leased outlets/stores, lease terms, and the Company’s policy
     regarding the renewal or termination of lease contracts.

     Perseroan memiliki 84 toko yang disewa dengan detail rincian pada jawaban pada poin no. 4f,
     dengan masa sewa berkisar antara 2 (dua) hingga 5 (lima) tahun. Kebijakan Perseroan dalam
     memperpanjang atau menghentikan kontrak sewa didasarkan pada pertimbangan manajemen
     atas insentif ekonomi untuk melaksanakan opsi perpanjangan atau penghentian, dengan
     mempertimbangkan kinerja masing-masing gerai.
     The Company leases 84 retail stores, the details of which are provided in the response to
     item 4(f), with lease terms ranging from 2 (two) to 5 (five) years. The Company's policy for
     renewing or terminating lease agreements is based on management's assessment of the
     economic incentives to exercise the renewal or termination options, taking into account the
     operating performance of each retail store.

c.   Strategi Perseroan atas rencana pembukaan atau penutupan gerai dalam 12 bulan ke depan
     beserta dampaknya terhadap liabilitas sewa.
     The Company’s strategy regarding plans to open or close outlets in the next 12 months,
     along with the impact on lease liabilities.

     Sampai dengan tanggal tanggapan ini, Perseroan belum memiliki keputusan final terkait
     rencana pembukaan maupun penutupan gerai dalam 12 bulan ke depan. Perseroan secara
     berkala melakukan evaluasi terhadap kinerja seluruh gerai dan akan mengambil keputusan
     pembukaan atau penutupan gerai secara selektif sesuai dengan kebutuhan bisnis dan hasil
     evaluasi. Setiap keputusan tersebut akan mempertimbangkan dampaknya terhadap liabilitas
     sewa sesuai dengan ketentuan PSAK 116. Berdasarkan evaluasi Perseroan saat ini, belum
     terdapat indikasi bahwa rencana tersebut akan memberikan dampak material terhadap
     liabilitas sewa maupun posisi keuangan Perseroan.
     As of the date of this response, the Company has not made any final decision regarding the
     opening or closure of stores over the next 12 months. The Company periodically evaluates
     the performance of all stores and will make decisions on store openings or closures
     selectively based on business needs and the results of such evaluations. Any such decisions
     will take into account their impact on lease liabilities in accordance with PSAK 116. Based

     on the Company's current assessment, there is no indication that any such plans would have
     a material impact on the Company's lease liabilities or financial position.


8. Sehubungan dengan CALK tentang aset pajak tangguhan dan taksiran restitusi pajak, agar
   disampaikan:
   With regard to the CALK regarding deferred tax assets and estimated tax refunds, please
   provide the following:

a.   Natur dan latar belakang pencatatan aset pajak tangguhan serta dasar keyakinan Perseroan
     atas keterpulihannya (recoverability), mengingat Perseroan masih membukukan akumulasi
     kerugian.
     The nature and background of the recognition of deferred tax assets, as well as the
     Company’s basis for believing in their recoverability, given that the Company is still
     recording accumulated losses.

     Aset pajak tangguhan Perseroan timbul dari perbedaan temporer antara lain atas aset hak-
     guna, cadangan kerugian piutang, selisih nilai buku fiskal dan komersial aset tetap, provisi
     penurunan nilai persediaan, dan liabilitas imbalan pasca kerja (Catatan 19e). Perseroan tidak
     mengakui aset pajak tangguhan atas saldo rugi fiskal yang belum digunakan mengingat
     terdapat ketidakpastian bahwa laba fiskal di masa depan akan tersedia untuk memanfaatkan
     rugi fiskal tersebut. Keterpulihan aset pajak tangguhan yang diakui didasarkan pada estimasi
     bahwa perbedaan temporer terkait akan terealisasi/dipulihkan melalui operasi normal
     Perseroan di masa depan.
     The Company's deferred tax assets arise from temporary differences relating to, among
     others, right-of-use assets, allowance for doubtful accounts, differences between the tax and
     accounting net book value of fixed assets, provision for inventory impairment, and post-
     employment benefit liabilities (Note 19e). The Company did not recognize deferred tax assets
     on unused tax loss carryforwards given the uncertainty that future taxable income will be
     available to utilize such losses. The recoverability of the recognized deferred tax assets is
     based on the estimate that the related temporary differences will be realized/recovered
     through the Company's normal future operations.

b.   Natur, dasar perhitungan, dan status terkini atas taksiran restitusi pajak Perseroan.
     The nature, basis of calculation, and current status of the Company’s estimated tax refunds.

     Taksiran tagihan pengembalian pajak Perseroan sebesar Rp14.070.978.504 pada 31 Maret 2026
     merupakan estimasi kelebihan pembayaran pajak penghasilan badan Perusahaan dan entitas
     anak untuk beberapa tahun pajak (2024–2026), yang dasar perhitungannya mengacu pada Surat
     Pemberitahuan Tahunan/estimasi pajak masing-masing tahun sebagaimana diuraikan pada
     Catatan 19b. Status terkini: sepanjang kuarta I 2026, entitas anak (PT Kanmo Multi Gemilang)
     telah menerima Surat Ketetapan Pajak Lebih Bayar dan pengembalian pajak untuk tahun pajak
     2024 dari Direktorat Jenderal Pajak.

     The Company's estimated claims for tax refund of Rp14,070,978,504 as of March 31, 2026
     represent the estimated overpayment of corporate income tax by the Company and its
     subsidiaries for several fiscal years (2024–2026), calculated based on the Annual Tax
     Returns/tax estimates for each year as described in Note 19b. Current status: during Q1 2026,
     subsidiaries (PT Kanmo Multi Gemilang) received Overpayment Tax Assessment Letters and
     tax refunds for fiscal years 2024 from the Directorate General of Taxes.

9. Sehubungan dengan CALK tentang uang jaminan, agar disampaikan natur dan latar belakang
   pencatatan uang jaminan Perseroan, serta pihak-pihak yang terkait dengan uang jaminan
   tersebut.

     In connection with the CALK regarding security deposits, please provide details on the nature
     and background of the Company’s security deposit records, as well as the parties involved in
     those security deposits.

     Uang jaminan Perseroan merupakan jaminan sewa (rent deposit) yang dibayarkan kepada
     pemilik/pengelola properti sehubungan dengan sewa ruang toko Perseroan (Catatan 12). Uang
     jaminan tersebut tidak terkait dengan pihak berelasi.

     The Company's refundable deposits represent rent deposits paid to property owners in
     connection with the lease of the Company's store (Note 12). These deposits are not related to
     related parties.

10.Sehubungan dengan CALK tentang utang usaha, agar disampaikan:

     In connection with the CALK regarding accounts payable, please provide the following:

a. Latar belakang kenaikan utang usaha pada periode 31 Maret 2026 dibandingkan periode 31
   Desember 2025.
   The background for the increase in accounts payable as of March 31, 2026, compared to
   December 31, 2025.

     Utang usaha (pihak ketiga dan berelasi) naik dari Rp94.772.430.136 pada 31 Desember 2025
     menjadi Rp114.605.461.170 pada 31 Maret 2026 (naik Rp19.833.031.034, +20,9%), sejalan
     dengan peningkatan aktivitas pembelian persediaan untuk mendukung pertumbuhan
     penjualan 14,3% pada kuartal I 2026.
     Trade payables (third parties and related parties) increased from Rp94,772,430,136 as of
     December 31, 2025 to Rp114,605,461,170 as of March 31, 2026 (up Rp19,833,031,034,
     +20.9%), in line with increased inventory purchasing to support 14.3% sales growth in Q1
     2026.


b.    Latar belakang kenaikan signifikan utang usaha pada periode 31 Desember 2025
      dibandingkan periode 31 Desember 2024.
      The background for the significant increase in accounts payable as of December 31, 2025,
      compared to December 31, 2024.

      Utang usaha Perseroan meningkat dari Rp58.304.716.875 pada 31 Desember 2024 menjadi
      Rp94.772.430.136 pada 31 Desember 2025, atau naik sebesar Rp36.467.713.261 (sekitar
      62,6%). Kenaikan ini terutama disebabkan oleh peningkatan volume pembelian persediaan
      sejalan dengan pertumbuhan penjualan Perseroan, serta sebagai bagian dari strategi
      pengelolaan modal kerja Perseroan yang memperpanjang jangka waktu pembayaran kepada
      pemasok sejauh dimungkinkan guna menjaga likuiditas kas (Catatan 43).
      The Company's trade payables increased significantly from Rp58,304,716,875 as of
      December 31, 2024 to Rp94,772,430,136 as of December 31, 2025, an increase of
      Rp36,467,713,261 (approximately 62.6%). This increase was mainly due to higher inventory
      purchase volumes in line with the Company's sales growth, as well as part of the Company's

     working capital management strategy of extending payment terms to suppliers where
     possible to preserve cash liquidity (Note 43).

c.   Latar belakang pergeseran utang usaha ke dalam kategori jatuh tempo 31–60 hari pada
     periode 31 Maret 2026 dibandingkan periode 31 Desember 2025.
     The background for the shift in trade payables into the 31–60 days past due category as of
     March 31, 2026, compared to December 31, 2025.

     Terdapat pergeseran komposisi umur utang usaha ke dalam kategori jatuh tempo 31-60 hari.
     Hal ini konsisten dengan kenaikan volume pembelian persediaan pada kuartal I 2026 dan
     siklus pembayaran normal kepada pemasok sesuai termin kredit yang berlaku, dan bukan
     merupakan indikasi kesulitan likuiditas mengingat Perseroan mencatatkan saldo kas yang
     meningkat signifikan pada periode yang sama.
     There was a shift in the trade payables aging composition into the 31-60 day past-due
     category. This is consistent with higher inventory purchasing volume in Q1 2026 and the
     normal payment cycle to suppliers under prevailing credit terms, and is not an indication of
     liquidity difficulty given the Company recorded a significantly higher cash balance over the
     same period.


d. Keyakinan Perseroan dalam memenuhi kewajiban utang usaha secara tepat waktu
   The Company’s confidence in meeting its trade payable obligations on time.

     Manajemen berkeyakinan mampu memenuhi kewajiban utang usaha secara tepat waktu,
     didukung oleh saldo kas dan setara kas yang kuat (Rp81.191.995.659 pada 31 Maret 2026)
     serta arus kas operasi yang positif dan konsisten. Perseroan juga tidak lagi memiliki liabilitas
     pinjaman bank berbunga yang dapat membebani likuiditas.
     Management believes it is able to meet trade payable obligations on a timely basis, supported
     by a strong cash and cash equivalents balance (Rp81,191,995,659 as of March 31, 2026) and
     consistent positive operating cash flow. The Company also no longer carries interest-bearing
     bank loan liabilities that could burden liquidity.

e. Strategi Perseroan dalam meminimalisir risiko gagal bayar atas utang usaha.

     The Company’s strategy for minimizing the risk of default on trade payables.

     Strategi Perseroan dalam meminimalisir risiko gagal bayar meliputi pengelolaan arus kas dan
     modal kerja secara disiplin, negosiasi jangka waktu pembayaran yang wajar dengan pemasok,
     serta prioritisasi pembayaran berdasarkan jatuh tempo.

     The Company's strategy to minimize the risk of default includes disciplined cash flow and
     working capital management, negotiating reasonable payment terms with suppliers, and
     prioritizing payments based on due dates.

11. Sehubungan dengan CALK tentang utang lain-lain dan pendapatan diterima di muka, agar
    disampaikan:

     In response to the CALK regarding other liabilities and unearned revenue, please provide the
     following:

a.   Natur dan tujuan penggunaan utang lain-lain Perseroan.
     The nature and intended use of the Company’s other payables.

     Utang lain-lain Perseroan merupakan transaksi dengan pihak berelasi entitas sepengendali,
     yang timbul dari transaksi kegiatan usaha normal selain transaksi yang berhubungan dengan
     penjualan/pembelian barang persediaan.
     The Company's other payables consist of balances due to related parties under common
     control, arising from transactions conducted in the ordinary course of business other than
     transactions related to the sale and purchase of inventories.


b. Natur pendapatan diterima di muka serta latar belakang penurunannya pada periode 31 Maret
   2026.

     The nature of the unearned revenue and the reasons for its decrease as of March 31, 2026.

     Pendapatan diterima di muka Rp6.046.232.737 pada 31 Maret 2026 terdiri dari program
     loyalitas pelanggan (customer loyalty programme) dan deposit pelanggan. Penurunan pada
     31 Maret 2026 mencerminkan pengakuan pendapatan seiring penukaran poin loyalitas oleh
     pelanggan sesuai kebijakan akuntansi Catatan 3n.
     Unearned revenue Rp6,046,232,737 as of March 31, 2026 consists of the customer loyalty
     programme and customer deposits. The decrease as of March 31, 2026 reflects revenue
     recognition as customers redeem loyalty points, per accounting policy Note 3n.

12. Sehubungan dengan CALK tentang utang pajak, agar disampaikan:
    Regarding the CALK on taxes payables, please provide the following:

a.   Latar belakang kenaikan utang pajak pada periode 31 Maret 2026 dibandingkan periode 31
     Desember 2025.
     The background for the increase in taxes payables as of March 31, 2026, compared to
     December 31, 2025.

     Utang pajak Perseroan meningkat dari Rp3.026.735.182 pada 31 Desember 2025 menjadi
     Rp7.236.374.414 pada 31 Maret 2026, atau naik sebesar ±139%. Kenaikan ini terutama
     disebabkan oleh meningkatnya utang Pajak Pertambahan Nilai (PPN), sejalan dengan
     peningkatan aktivitas penjualan dan pembelian pada bulan Maret 2026. Selain itu, kenaikan
     utang PPh Pasal 21 terutama disebabkan oleh adanya pembayaran Tunjangan Hari Raya
     (THR) kepada karyawan, yang menyebabkan nilai penghasilan kena pajak karyawan
     meningkat pada periode tersebut sehingga utang PPh Pasal 21 yang belum disetor turut
     meningkat.
     The Company's consolidated taxes payable increased from Rp3,026,735,182 as of December
     31, 2025 to Rp7,236,374,414 as of March 31, 2026, an increase of approximately 139%.
     This increase was primarily driven by a significant rise in the Company's Value Added Tax
     (VAT) payable, in line with higher sales and purchase activities during March 2026. In
     addition, the increase in the Company's Article 21 income tax payable was mainly due to the
     payment of Holiday Allowance (Tunjangan Hari Raya/THR) to employees, which increased
     employees' taxable income during the period and consequently increased the outstanding
     Article 21 income tax payable.

b.   Informasi jenis pajak dan jangka waktu jatuh tempo sebelum pelunasan utang pajak tersebut.

     Information on the types of taxes and their due dates prior to the settlement of these tax
     liabilities.

     Utang pajak yang tercatat per 31 Maret 2026 merupakan pajak masa periode Maret 2026
     yang jatuh tempo penyetoran dan pelaporannya pada bulan April 2026, sesuai dengan
     ketentuan perpajakan yang berlaku di Indonesi. Untuk Pajak Pertambahan Nilai (PPN), batas
     waktu penyetoran adalah akhir bulan berikutnya sebelum SPT Masa PPN disampaikan,
     dengan batas pelaporan pada akhir bulan berikutnya setelah masa pajak berakhir. Sementara
     itu, untuk PPh Pasal 21, PPh Pasal 23, PPh Pasal 26, dan PPh Pasal 4 ayat (2), batas waktu
     penyetoran adalah tanggal 15 bulan berikutnya, dengan batas waktu pelaporan SPT Masa
     pada tanggal 20 bulan berikutnya.
     The taxes payable recorded as of March 31, 2026 represent taxes for the March 2026 tax
     period, which are due for remittance and reporting in April 2026, in accordance with
     prevailing Indonesian tax regulations. For Value Added Tax (VAT), the remittance deadline
     is the end of the following month, prior to filing the Monthly VAT Return, with the filing
     deadline being the end of the following month after the tax period ends. Meanwhile, for
     Income Tax Article 21, Article 23, Article 26, and Article 4(2), the remittance deadline is the
     15th of the following month, with the Monthly Tax Return filing deadline being the 20th of
     the following month.

     Dengan demikian, seluruh utang pajak masa Maret 2026 sebesar Rp7.236.374.414 telah/akan
     disetorkan dan dilaporkan pada bulan April 2026, sesuai jadwal jatuh tempo masing-masing
     jenis pajak di atas, dan tidak terdapat tunggakan pajak yang telah melewati batas waktu jatuh
     tempo.
     Accordingly, the entire March 2026 taxes payable of Rp7,236,374,414 will be/has been
     remitted and reported in April 2026, in accordance with the respective due dates for each tax
     type above, and there are no overdue tax liabilities.


13. Sehubungan dengan CALK tentang utang akrual, agar disampaikan:
    Regarding the CALK on accrued expenses, please provide the following:

a.   Latar belakang kenaikan utang akrual pada periode 31 Desember 2025 dibandingkan periode
     31 Desember 2024.
     The background for the increase in accrued expenses as of December 31, 2025, compared to
     December 31, 2024.

     Utang akrual Perseroan meningkat dari Rp12.390.561.510 pada 31 Desember 2024 menjadi
     Rp21.018.541.336 pada 31 Desember 2025. Kenaikan ini terutama disebabkan oleh kenaikan
     provisi biaya penjualan konsinyasi serta akrual gaji dan tunjangan karyawan, sejalan dengan
     peningkatan aktivitas penjualan Perseroan pada akhir tahun 2025. Dan juga terdapat
     kenaikan pada honorarium tenaga ahli yang terutama disebabkan oleh adanya pencadangan
     biaya konsultan terkait kegiatan Right Issue Perseroan yang terealisasi di Q2 2026.
     The Company's accrued expenses increased from Rp12,390,561,510 as of 31 December 2024
     to Rp21,018,541,336 as of 31 December 2025. This increase was primarily attributable to
     higher provisions for consignment selling expenses, as well as higher accruals for employee
     salaries and benefits, in line with the increase in the Company's sales activities at the end of
     2025. In addition, professional fees increased mainly due to the accrual of consultant fees
     related to the Company's Rights Issue, which were realized in the second quarter of 2026.

b.   Natur dari utang akrual biaya penjualan konsinyasi.
     The nature of the accrued expenses related to consignment sales expenses.

     Utang akrual biaya penjualan konsinyasi merupakan estimasi kewajiban Perseroan kepada
     pemilik barang konsinyasi atas penjualan barang yang dititipkan di gerai ritel Perseroan, di
     mana Perseroan bertindak sebagai agen dan mengakui pendapatan bersih (komisi) atas
     penjualan tersebut.
     The accrued consignment sales expense represents the Company's estimated liability to the
     owners of consigned goods (consignors) for the sale of goods placed at the Company's retail
     stores, where the Company acts as an agent and recognizes net revenue (commission) on
     such sales.

c.   Realisasi terkini atas utang akrual tersebut dari masing-masing pihak.
     The current status of these accrued liabilities for each party.

     Sebagian besar utang akrual telah direalisasikan melalui penerimaan tagihan dan/atau
     pembayaran kepada masing-masing pihak sesuai dengan ketentuan yang berlaku. Adapun
     sisa saldo utang akrual merupakan biaya yang belum jatuh tempo atau masih dalam proses
     penyelesaian administrasi dan pembayaran. Hingga tanggal tanggapan ini, tidak terdapat
     kendala material terkait realisasi utang akrual tersebut.
     The majority of the accrued liabilities have been realized through the receipt of invoices
     and/or payments to the respective counterparties in accordance with the applicable terms.
     The remaining accrued liabilities represent expenses that are either not yet due or are still in
     the process of administrative settlement and payment. As of the date of this response, there
     are no material issues related to the realization of these accrued liabilities.

14. Sehubungan dengan CALK tentang pinjaman bank, agar disampaikan:
    Regarding the CALK on bank loans, please provide the following:

a.   Latar belakang pelunasan pinjaman bank sehingga menjadi nihil sejak periode 31 Desember
     2025.
     The background behind the repayment of the bank loan, resulting in a zero balance as of
     December 31, 2025.

     Saldo pinjaman bank Perseroan menjadi nihil pada 31 Desember 2025, dibandingkan
     Rp46.493.400.164 pada 31 Desember 2024. Hal ini disebabkan oleh pelunasan penuh
     fasilitas kredit modal kerja dari PT Bank Mandiri (Persero) Tbk pada tanggal 31 Desember
     2025, sebagaimana dinyatakan dalam surat pelunasan No. CBG.CB1/CC3.2924/2026
     (Catatan 22).
     The Company's bank loan balance became nil as of December 31, 2025, compared to
     Rp46,493,400,164 as of December 31, 2024. This was due to the full settlement of the
     working capital credit facility from PT Bank Mandiri (Persero) Tbk on December 31, 2025,
     as stated in settlement letter No. CBG.CB1/CC3.2924/2026 (Note 22).

b.   Sumber pendanaan yang digunakan Perseroan untuk melunasi pinjaman bank tersebut.
     The sources of funding used by the Company to repay the bank loan.

     Pelunasan pinjaman bank tersebut didanai dari kombinasi kas bersih yang diperoleh dari
     aktivitas operasi Perseroan sebesar Rp136.093.970.509 sepanjang tahun 2025.
     The bank loan settlement was funded from a combination of net cash generated from the

     Group's operating activities of Rp136,093,970,509 during 2025.

c.   Rencana Perseroan atas penggunaan fasilitas pinjaman/pembiayaan pada periode mendatang.
     The Company’s plans for the use of loan/financing facilities in the coming period.

     Perseroan akan menggunakan fasilitas pinjaman/pembiayaan sesuai dengan kebutuhan
     operasional, modal kerja, dan/atau belanja modal (capital expenditure), dengan tetap
     memperhatikan kondisi arus kas, struktur permodalan, serta kemampuan Perseroan dalam
     memenuhi kewajiban pembayarannya. Setiap penggunaan fasilitas pinjaman akan dilakukan
     secara selektif dan berdasarkan kebutuhan bisnis Perseroan.
     The Company intends to utilize its loan/financing facilities in accordance with its
     operational requirements, working capital needs, and/or capital expenditure plans, while
     taking into consideration its cash flow, capital structure, and ability to meet its repayment
     obligations. Any utilization of the loan facilities will be undertaken selectively based on the
     Company's business needs.



15. Sehubungan dengan CALK tentang liabilitas imbalan pasca kerja, agar disampaikan latar
    belakang penurunan liabilitas imbalan pasca kerja pada periode 31 Desember 2025
    dibandingkan periode 31 Desember 2024, serta asumsi aktuarial yang digunakan.
    With regard to the CALK on post-employment benefit liabilities, please provide an
    explanation of the reasons for the decrease in post-employment benefit liabilities as of
    December 31, 2025, compared to December 31, 2024, as well as the actuarial assumptions
    used.

     Liabilitas imbalan pasca kerja Perseroan menurun signifikan dari Rp45.414.205.348 pada 31
     Desember 2024 menjadi Rp16.977.551.673 pada 31 Desember 2025, atau turun sebesar
     Rp28.436.653.675 (sekitar 62,6%). Penurunan ini terutama disebabkan oleh keuntungan
     aktuarial dari pengukuran kembali liabilitas yang diakui pada penghasilan komprehensif lain
     sebesar Rp34.490.718.400 pada tahun 2025 (2024: Rp8.268.253.776), yang timbul terutama
     dari perubahan asumsi tingkat diskonto menjadi 6,71% (2025) dari 7,10% (2024), serta
     pembayaran imbalan kerja selama tahun berjalan sebesar Rp3.950.462.441. Asumsi aktuarial
     yang digunakan meliputi: tingkat diskonto 6,71% (2025) dan 7,10% (2024); kenaikan gaji
     tahunan 7,00%; usia pensiun normal 56 tahun; tabel mortalitas TMI IV; dan tingkat cacat
     sebesar 5% dari TMI IV, dihitung oleh aktuaris independen menggunakan metode Projected
     Unit Credit (Catatan 21).
     The Company's post-employment benefits liability decreased significantly from
     Rp45,414,205,348 as of December 31, 2024 to Rp16,977,551,673 as of December 31, 2025, a
     decrease of Rp28,436,653,675 (approximately 62.6%). This decrease was mainly due to an
     actuarial gain on remeasurement of the liability recognized in other comprehensive income of
     Rp34,490,718,400 in 2025 (2024: Rp8,268,253,776), arising mainly from a change in the
     discount rate assumption to 6.71% (2025) from 7.10% (2024), as well as benefit payments
     during the year of Rp3,950,462,441. The actuarial assumptions used include: a discount rate
     of 6.71% (2025) and 7.10% (2024); an annual salary increase of 7.00%; a normal retirement
     age of 56; the TMI IV mortality table; and a disability rate of 5% of TMI IV, calculated by an
     independent actuary using the Projected Unit Credit method (Note 21).

16. Penjelasan strategi Perseroan untuk menghindari kerugian akibat selisih kurs mata uang asing
    pada setiap periodenya, mengingat terdapat utang dalam mata uang dollar AS dan euro pada

   periode 31 Maret 2026.
   An explanation of the Company’s strategy to avoid losses resulting from foreign exchange
   rate fluctuations in each period, given that it has liabilities denominated in U.S. dollars and
   euros as of March 31, 2026.

   Perseroan saat ini tidak menggunakan instrumen lindung nilai (hedging) untuk mengelola
   risiko nilai tukar. Sebagai upaya meminimalkan dampak fluktuasi nilai tukar, Perseroan
   secara berkala memantau eksposur mata uang asing, khususnya atas liabilitas dalam mata
   uang Dolar AS dan Euro, serta mengelola arus kas dan waktu pembayaran kepada pemasok
   sesuai dengan kebutuhan operasional dan kondisi likuiditas Perseroan. Perseroan juga
   melakukan evaluasi secara berkala terhadap perkembangan nilai tukar dan eksposur mata
   uang asing sebagai bagian dari pengelolaan risiko keuangan.
   The Company currently does not utilize hedging instruments to manage its foreign exchange
   risk. To minimize the impact of exchange rate fluctuations, the Company periodically
   monitors its foreign currency exposure, particularly liabilities denominated in U.S. Dollars
   and Euros, and manages its cash flow and payment schedules to suppliers in line with its
   operational requirements and liquidity position. The Company also regularly evaluates
   foreign exchange movements and its foreign currency exposure as part of its overall financial
   risk management.

17. Sehubungan dengan CALK tentang ekuitas, agar disampaikan:
    In response to the CALK regarding equity, please provide the following:

a. Strategi dan rencana Perseroan dalam memulihkan saldo laba, mengingat Perseroan masih
   membukukan akumulasi kerugian pada periode 31 Maret 2026.
   The Company’s strategy and plan for restoring its retained earnings, given that the Company
   still reported accumulated losses as of March 31, 2026.

   Saldo rugi (defisit) Perseroan membaik dari Rp(85.580.906.217) pada 31 Desember 2025
   menjadi Rp(79.009.649.982) pada 31 Maret 2026, seiring dengan laba bersih kuartal I 2026
   sebesar Rp6.645.483.107 (dibandingkan rugi bersih Rp17.605.624.668 pada kuartal I 2025) -
   suatu perbaikan kinerja yang signifikan (turnaround) dari rugi operasional menjadi laba,
   didukung oleh pertumbuhan penjualan 14,3% dan perbaikan margin serta efisiensi beban
   umum dan administrasi.
   The Company's accumulated deficit improved from Rp(85,580,906,217) as of December 31,
   2025 to Rp(79,009,649,982) as of March 31, 2026, following Q1 2026 net income of
   Rp6,645,483,107 (compared to a net loss of Rp17,605,624,668 in Q1 2025) - a significant
   turnaround from an operating loss to profit, supported by 14.3% sales growth and improved
   margins and G&A expense efficiency.

b. Estimasi waktu Perseroan untuk kembali membukukan saldo laba positif.
   The Company’s estimated timeline for returning to a positive retained earnings balance.

   Estimasi waktu pemulihan penuh saldo laba menjadi positif bergantung pada keberlanjutan
   tren profitabilitas Perseroan, dengan asumsi laju perbaikan kinerja yang konsisten dengan
   kuartal I 2026 dipertahankan, saldo defisit dapat pulih dalam beberapa tahun ke depan.
   The estimated timeline for full recovery to a positive retained earnings balance depends on
   the sustainability of the Company’s profitability trend, assuming the pace of improvement
   seen in Q1 2026 is maintained, the deficit could be recovered over the next several years.

18. Sehubungan CALK tentang pendapatan, agar disampaikan:
    Regarding the CALK on revenue, please provide the following:

a. Latar belakang peningkatan pendapatan pada periode 31 Maret 2026 dibandingkan periode 31
   Maret 2025.
   The background for the increase in revenue for the period ending March 31, 2026, compared
   to the period ending March 31, 2025.

     Penjualan neto Perseroan naik dari Rp266.813.642.248 pada kuartal I 2025 menjadi
     Rp304.931.996.817 pada kuartal I 2026, atau naik Rp38.118.354.569 (+14,3%). Peningkatan
     ini didukung oleh pertumbuhan pada saluran penjualan eceran maupun non-eceran, konsisten
     dengan strategi ekspansi jaringan gerai dan penguatan kanal distribusi non-
     eceran/marketplace.
     Net sales increased from Rp266,813,642,248 in Q1 2025 to Rp304,931,996,817 in Q1 2026,
     an increase of Rp38,118,354,569 (+14.3%). This growth was supported by increases in both
     retail and non-retail sales channels, consistent with the Company's store network expansion
     strategy and strengthening of the non-retail/marketplace distribution channel.

b.   Rincian kontribusi pendapatan berdasarkan saluran penjualan (eceran dan non-eceran) serta
     berdasarkan segmen wilayah geografis.
     A breakdown of revenue contributions by sales channel (retail and non-retail) and by
     geographic region.




c.   Rincian penjualan atau pelanggan dengan penjualan melebihi 10% dari total penjualan
     Perseroan (jika ada).
     A breakdown of sales or customers whose sales exceed 10% of the Company’s total sales (if
     any).

     Tidak terdapat penjualan kepada satu pelanggan tertentu yang melebihi 10% dari jumlah
     pendapatan bersih Perseroan (Catatan 27).
     There were no sales to a single specific customer representing more than 10% of the
     Company's total net revenue (Note 27).

d. Langkah strategis dan konkret Perseroan dalam meningkatkan penjualan, baik melalui saluran
   eceran maupun daring (e-commerce).

     The Company’s strategic and concrete measures to increase sales, both through retail
     channels and online (e-commerce).

     Perseroan terus berupaya meningkatkan penjualan melalui optimalisasi saluran eceran maupun
     daring (e-commerce). Pada saluran eceran, Perseroan fokus pada peningkatan pengalaman
     pelanggan, optimalisasi bauran produk (product assortment), pelaksanaan program promosi

     yang tepat sasaran, serta evaluasi kinerja gerai secara berkala. Sementara itu, pada saluran
     daring, Perseroan memperkuat kerja sama dengan platform e-commerce, meningkatkan
     aktivitas pemasaran digital, serta mengoptimalkan pengelolaan stok dan pemenuhan pesanan
     (order fulfillment) untuk meningkatkan kepuasan pelanggan. Perseroan juga secara berkala
     mengevaluasi efektivitas strategi penjualan guna mendukung pertumbuhan pendapatan yang
     berkelanjutan.
     The Company continues to enhance its sales performance through the optimization of both
     retail and online (e-commerce) sales channels. For the retail channel, the Company focuses
     on improving customer experience, optimizing product assortment, implementing targeted
     promotional programs, and periodically evaluating store performance. For the online channel,
     the Company strengthens its collaboration with e-commerce platforms, enhances digital
     marketing activities, and optimizes inventory management and order fulfillment to improve
     customer satisfaction. The Company also periodically evaluates the effectiveness of its sales
     strategies to support sustainable revenue growth.

19. Sehubungan dengan CALK tentang beban pokok penjualan, agar disampaikan:

     Regarding the CALK on cost of goods sold, please provide the following:



a.   Latar belakang peningkatan beban pokok penjualan pada periode 31 Maret 2026 yang lebih
     rendah dibandingkan pertumbuhan pendapatan.
     The reasons why the increase in cost of goods sold for the period ending March 31, 2026,
     was lower than revenue growth.

     Beban pokok penjualan naik dari Rp152.100.321.993 pada kuartal I 2025 menjadi
     Rp161.464.598.400 pada kuartal I 2026, atau naik 6,2% - jauh lebih rendah dibandingkan
     pertumbuhan penjualan sebesar 14,3%. Akibatnya, margin laba bruto membaik signifikan
     dari 43,0% menjadi 47,0% dari penjualan. Perbaikan ini mencerminkan strategi pengelolaan
     bauran produk (product mix) ke arah kategori dengan margin lebih tinggi, negosiasi harga
     beli yang lebih baik dengan pemasok, serta pengendalian diskon/promosi yang lebih disiplin.
     Cost of goods sold increased from Rp152,100,321,993 in Q1 2025 to Rp161,464,598,400 in
     Q1 2026, up 6.2% - significantly lower than the 14.3% sales growth. As a result, gross profit
     margin improved substantially from 43.0% to 47.0% of sales. This improvement reflects a
     product-mix management strategy toward higher-margin categories, improved purchase
     price negotiation with suppliers, and more disciplined discount/promotion control.

b.   Langkah strategis Perseroan dalam menjaga efisiensi operasional pada beban pokok penjualan.

     The Company’s strategic measures to maintain operational efficiency in cost of goods sold.

     Perseroan menerapkan berbagai langkah strategis untuk menjaga efisiensi beban pokok
     penjualan, antara lain melalui pengelolaan persediaan yang optimal, evaluasi dan negosiasi
     dengan pemasok, peningkatan akurasi perencanaan pembelian (demand planning),
     pengendalian biaya logistik dan distribusi, serta optimalisasi bauran produk (product mix).
     Selain itu, Perseroan secara berkala memantau margin produk dan melakukan evaluasi
     terhadap kinerja pemasok serta efisiensi rantai pasok guna mendukung pengendalian beban
     pokok penjualan dan menjaga profitabilitas Perseroan.
     The Company implements various strategic initiatives to maintain the efficiency of its cost of

     goods sold, including optimizing inventory management, conducting periodic evaluations and
     negotiations with suppliers, improving demand planning accuracy, controlling logistics and
     distribution costs, and optimizing its product mix. In addition, the Company regularly
     monitors product margins and evaluates supplier performance and supply chain efficiency to
     support cost of goods sold management and maintain the Company's profitability.

20.Sehubungan dengan CALK tentang beban umum dan administrasi, agar disampaikan:
   Regarding the CALK on general and administrative expenses, please provide the following:

a.   Latar belakang penurunan beban umum dan administrasi pada periode 31 Maret 2026 di
     tengah pertumbuhan pendapatan.
     The rationale for the decrease in general and administrative expenses for the period ending
     March 31, 2026, despite revenue growth.

     Beban umum dan administrasi turun dari Rp106.712.740.878 pada kuartal I 2025 menjadi
     Rp94.601.873.335 pada kuartal I 2026 (turun Rp12.110.867.543, -11,3%), di tengah
     pertumbuhan penjualan 14,3%. Penurunan ini terutama didorong oleh: penurunan beban gaji
     dan tunjangan dari Rp49.615.012.686 menjadi Rp44.412.418.362 (Catatan 29), serta bunga
     liabilitas sewa yang tercatat dalam pos ini tercatat stabil. Hal ini mencerminkan langkah
     efisiensi biaya tenaga kerja back-office dan pengelolaan beban overhead kantor yang lebih
     ketat.
     General and administrative expenses decreased from Rp106,712,740,878 in Q1 2025 to
     Rp94,601,873,335 in Q1 2026 (down Rp12,110,867,543, -11.3%), amid 14.3% sales growth.
     This decrease was mainly driven by lower salaries and allowances, from Rp49,615,012,686
     to Rp44,412,418,362 (Note 29), while lease-liability interest recorded under this account
     remained stable. This reflects back-office labor cost efficiency measures and tighter office
     overhead management.

b.   Langkah efisiensi konkret yang dilakukan Perseroan pada pos beban gaji dan tunjangan serta
     beban sewa.
     Specific efficiency measures implemented by the Company in the areas of salary and benefits
     expenses and rent expenses.

     Pada beban gaji dan tunjangan, Perseroan melakukan optimalisasi produktivitas tenaga kerja
     melalui pengaturan jumlah karyawan sesuai kebutuhan operasional, pengendalian rekrutmen,
     penjadwalan kerja yang lebih efisien, serta evaluasi kinerja secara berkala. Sementara itu,
     pada beban sewa, Perseroan secara rutin mengevaluasi kinerja setiap gerai, melakukan
     negosiasi dengan pemilik properti untuk memperoleh persyaratan sewa yang lebih kompetitif
     apabila memungkinkan, serta mengoptimalkan portofolio gerai melalui pembukaan, relokasi,
     atau penutupan gerai berdasarkan hasil evaluasi bisnis.
     For salaries and benefits, the Company optimizes workforce productivity by aligning staffing
     levels with operational requirements, controlling recruitment, implementing more efficient
     work scheduling, and conducting periodic performance evaluations. For rental expenses, the
     Company regularly reviews the performance of each store, negotiates with landlords to
     obtain more competitive lease terms where appropriate, and optimizes its store portfolio
     through store openings, relocations, or closures based on business evaluations.

21. Sehubungan dengan CALK tentang beban penjualan, agar disampaikan:
    Regarding the CALK on selling expenses, please provide the following:

a.   Latar belakang peningkatan beban penjualan pada periode 31 Maret 2026 dibandingkan
     periode 31 Maret 2025.
     The background for the increase in selling expenses for the period ending March 31, 2026,
     compared to the period ending March 31, 2025.

     Beban penjualan naik dari Rp29.559.711.632 pada kuartal I 2025 menjadi Rp39.689.809.297
     pada kuartal I 2026 (naik Rp10.130.097.665, +34,3%), terdiri dari iklan dan promosi, komisi,
     royalti, pengangkutan, dan jamuan (Catatan 30). Kenaikan ini sejalan dengan strategi
     mendorong pertumbuhan penjualan 14,3% melalui belanja iklan dan promosi yang lebih
     agresif.
     Sales expenses increased from Rp29,559,711,632 in Q1 2025 to Rp39,689,809,297 in Q1
     2026 (up Rp10,130,097,665, +34.3%), consisting of advertising and promotion, commission,
     royalty, freight, and entertainment (Note 30). This increase is consistent with a strategy of
     driving the 14.3% sales growth through more aggressive advertising and promotion
     spending.

b.   Ukuran efektivitas belanja pemasaran (iklan dan promosi) Perseroan terhadap pertumbuhan
     pendapatan.
     A measure of the effectiveness of the Company’s marketing expenditures (advertising and
     promotions) in driving revenue growth.

     Perseroan secara berkala mengevaluasi efektivitas belanja pemasaran, termasuk biaya iklan
     dan promosi, dengan membandingkan pertumbuhan penjualan, peningkatan jumlah transaksi,
     serta kinerja penjualan pada masing-masing saluran penjualan dan program promosi yang
     dijalankan. Selain itu, Perseroan memantau efektivitas kampanye pemasaran digital melalui
     indikator seperti tingkat konversi penjualan (conversion rate), jumlah kunjungan (traffic),
     tingkat keterlibatan pelanggan (customer engagement), serta kinerja penjualan pada platform
     e-commerce dan marketplace. Hasil evaluasi tersebut menjadi dasar dalam menentukan
     strategi pemasaran, optimalisasi program promosi, serta alokasi anggaran pemasaran pada
     periode berikutnya, sehingga belanja pemasaran dapat memberikan kontribusi yang optimal
     terhadap pertumbuhan pendapatan dan profitabilitas Perseroan.
     The Company periodically evaluates the effectiveness of its marketing expenditures,
     including advertising and promotional expenses, by assessing sales growth, transaction
     volume, and the sales performance of each sales channel and promotional program. In
     addition, the Company monitors the effectiveness of its digital marketing campaigns through
     indicators such as sales conversion rates, website and platform traffic, customer engagement,
     and sales performance across e-commerce and marketplace channels. The results of these
     evaluations serve as the basis for determining marketing strategies, optimizing promotional
     programs, and allocating marketing budgets for subsequent periods, thereby ensuring that
     marketing expenditures contribute effectively to the Company's revenue growth and
     profitability.

c.   Langkah strategis Perseroan dalam menjaga efisiensi operasional pada beban penjualan.
     The Company’s strategic measures to maintain operational efficiency in selling expenses.

     Perseroan secara berkelanjutan menerapkan berbagai langkah strategis untuk menjaga
     efisiensi beban penjualan, antara lain melalui optimalisasi biaya pemasaran dan promosi
     berdasarkan efektivitas program, pengendalian biaya distribusi dan logistik, peningkatan
     efisiensi operasional gerai, serta pemanfaatan saluran penjualan digital untuk memperluas
     jangkauan pasar dengan biaya yang lebih efisien. Perseroan juga secara berkala melakukan

     evaluasi atas setiap komponen beban penjualan guna memastikan bahwa pengeluaran
     tersebut memberikan nilai tambah terhadap pertumbuhan penjualan dan profitabilitas
     Perseroan.
     The Company continuously implements various strategic initiatives to maintain the efficiency
     of its selling expenses, including optimizing marketing and promotional expenditures based
     on program effectiveness, controlling distribution and logistics costs, improving store
     operational efficiency, and leveraging digital sales channels to expand market reach more
     cost-effectively. The Company also periodically reviews each component of its selling
     expenses to ensure that such expenditures contribute positively to the Company's sales
     growth and profitability.

22. Sehubungan dengan CALK tentang beban keuangan, agar disampaikan:

     Regarding the CALK on financial expenses, please provide the following:

a.   Latar belakang penurunan beban keuangan pada periode 31 Maret 2026 dibandingkan
     periode 31 Maret 2025.
     The background for the decrease in financial expenses for the period ending March 31, 2026,
     compared to the period ending March 31, 2025.

     Beban keuangan turun dari Rp3.454.277.842 pada kuartal I 2025 menjadi Rp2.655.386.613
     pada kuartal I 2026 (turun 23,1%), terutama karena tidak ada lagi beban bunga pinjaman
     bank pada kuartal I 2026 (Rp904.669.928 pada kuartal I 2025) menyusul pelunasan penuh
     pinjaman bank pada akhir 2025, meskipun sebagian diimbangi oleh kenaikan bunga liabilitas
     sewa. Komposisi beban keuangan kuartal I 2026 seluruhnya berasal dari bunga liabilitas
     sewa (Catatan 31 dan 14).
     Finance costs decreased from Rp3,454,277,842 in Q1 2025 to Rp2,655,386,613 in Q1 2026
     (down 23.1%), mainly because there was no longer bank loan interest expense in Q1 2026
     (Rp904,669,928 in Q1 2025) following full repayment of the bank loan at end-2025, partly
     offset by higher lease liability interest. The composition of Q1 2026 finance costs consists
     entirely of lease liability interest (Notes 31 and 14).

b.   Rincian komposisi beban keuangan antara bunga liabilitas sewa dan bunga pinjaman.

     A breakdown of financial expenses between interest on lease liabilities and interest on loans.




23. Sehubungan dengan CALK tentang pendapatan (beban) lain-lain – neto, agar disampaikan:

     Regarding the CALK on other income (expenses)—net, please provide the following:

a.   Natur pendapatan lain-lain – neto Perseroan.
     The nature of the Company’s other income—net.

     Pendapatan lain-lain neto terdiri dari pemulihan/penambahan cadangan kerugian penurunan
     nilai piutang, pendapatan bunga, keuntungan/kerugian selisih kurs, keuntungan/kerugian

     penjualan aset tetap, administrasi bank, laba/rugi pelepasan aset hak-guna, pendapatan sewa
     dan shared services, serta credit note dari prinsipal (Catatan 32).
     Other income - net consists of reversal/addition of allowance for impairment losses on
     receivables, interest income, foreign exchange gain/loss, gain/loss on sale of fixed assets,
     bank administration, gain/loss on disposal of right-of-use assets, rental and shared-services
     income, and credit notes from principals (Note 32).

b.   Latar belakang penurunan pendapatan lain-lain – neto pada periode 31 Maret 2026
     dibandingkan periode 31 Maret 2025.

     The reasons for the decrease in other income—net for the period ended March 31, 2026,
     compared to the period ended March 31, 2025.

     Pendapatan lain-lain neto turun dari Rp5.766.944.131 pada kuartal I 2025 menjadi
     Rp1.406.073.253 pada kuartal I 2026, terutama karena pemulihan cadangan kerugian piutang
     usaha yang jauh lebih kecil pada kuartal I 2026 dibandingkan periode sebelumnya, serta tidak
     berulangnya beberapa item non-operasional yang menguntungkan pada periode pembanding.

     Other income - net decreased from Rp5,766,944,131 in Q1 2025 to Rp1,406,073,253 in Q1
     2026, mainly due to a much smaller reversal of trade receivable impairment allowance in Q1
     2026 compared to the prior period, and the non-recurrence of certain favorable non-
     operating items in the comparative period.

24. Sehubungan dengan kepatuhan terhadap ketentuan ketenagakerjaan, agar disampaikan:

     Regarding compliance with labor regulations, please provide the following:

a.   Kepatuhan Perseroan terhadap ketentuan upah minimum, jam kerja, dan hak-hak pekerja
     sesuai peraturan perundang-undangan yang berlaku.
     The Company’s compliance with regulations on minimum wages, working hours, and
     employee rights in accordance with applicable laws and regulations.

     Perseroan senantiasa berupaya untuk patuh terhadap ketentuan ketenagakerjaan yang berlaku
     di Indonesia, termasuk ketentuan upah minimum, jam kerja, dan hak-hak pekerja lainnya
     sesuai Undang-Undang Ketenagakerjaan dan peraturan pelaksanaannya.
     The Company continuously strives to comply with prevailing Indonesian employment
     regulations, including minimum wage requirements, working hours, and other employee
     rights under the Manpower Law and its implementing regulations.

b.   Status pemenuhan kewajiban jaminan sosial (BPJS Ketenagakerjaan dan BPJS Kesehatan)
     bagi seluruh karyawan Perseroan.
     The status of compliance with social security obligations (BPJS Ketenagakerjaan and BPJS
     Kesehatan) for all of the Company’s employees.

     Perseroan telah memenuhi kewajiban jaminan sosial (BPJS Ketenagakerjaan dan BPJS
     Kesehatan) bagi seluruh karyawan tetapnya.
     The Company also fulfills its social security obligations (BPJS Ketenagakerjaan and BPJS
     Kesehatan) for all of its permanent employees.

c.   Kebijakan Perseroan atas pemenuhan liabilitas imbalan pasca kerja sesuai ketentuan yang

     berlaku.
     The Company’s policy regarding the fulfillment of post-employment benefit liabilities in
     accordance with applicable regulations

     Liabilitas imbalan pasca kerja dibukukan sesuai dengan Undang-Undang No. 6 Tahun 2023
     tentang Cipta Kerja dan PP No. 35/2021 sebagaimana diuraikan pada Catatan 21
     Post-employment benefit liabilities are recorded in accordance with Law No. 6 of 2023 on
     Job Creation and Government Regulation No. 35/2021 as described in Note 21.

d.   Rincian komposisi karyawan tetap dan tidak tetap/kontrak, serta kepatuhan atas ketentuan
     perjanjian kerja waktu tertentu (PKWT) dan alih daya (outsourcing) jika ada.
     A breakdown of the composition of permanent and non-permanent/contract employees, as
     well as compliance with the provisions governing fixed-term employment agreements (PKWT)
     and outsourcing, if any.

     Jumlah karyawan Perseroan tercatat sebanyak 842 orang dengan komposisi tetap berjumlah
     350 orang dan tidak tetap berjumlah 492 orang pada 31 Maret 2026. Perseroan mencatat
     liabilitas imbalan pasca kerja sesuai UU No. 6 Tahun 2023 tentang Cipta Kerja, PP No.
     35/2021, dan PSAK 219 (Catatan 21), yang mengindikasikan kepatuhan terhadap ketentuan
     pesangon dan imbalan kerja yang berlaku.
     As of 31 March 2026, the Company employed a total of 842 employees, comprising 350
     permanent employees and 492 non-permanent employees. The Company recognizes post-
     employment benefit liabilities in accordance with Law No. 6 of 2023 on Job Creation,
     Government Regulation No. 35 of 2021, and PSAK 219 (Note 21), reflecting its compliance
     with the applicable regulations governing severance pay and employee benefits

e.   Riwayat perselisihan hubungan Industrial atau tuntutan ketenagakerjaan yang dihadapi
     Perseroan (jika ada) beserta status penyelesaiannya.

     History of industrial relations disputes or labor claims faced by the Company (if any), along
     with their resolution status.

     Sebagaimana diungkapkan pada Catatan 41, sampai dengan 31 Maret 2026, Perseroan tidak
     terlibat dalam perkara hukum, proses litigasi, klaim, maupun sengketa ketenagakerjaan yang
     material dengan pihak mana pun.
     As disclosed in Note 41, as of 31 March 2026, the Company was not involved in any material
     legal proceedings, litigation, claims, or labor disputes with any party.

25. Strategi Perseroan dalam melakukan pengelolaan modal kerja dan arus kas yang telah
    diterapkan saat ini dan yang akan diterapkan selama 5 (lima) tahun mendatang.

     The Company’s strategies for managing working capital and cash flow that are currently in
     place and will be implemented over the next 5 (five) years.

     Sebagaimana diuraikan pada Catatan 43 atas laporan keuangan konsolidasian pada 31
     Desember 2025, sebagai bagian dari strategi manajemen risiko, Perseroan secara berkala
     menerapkan langkah-langkah berikut: (i) meningkatkan pendapatan melalui penambahan
     merek dan produk baru; (ii) mempertahankan fasilitas pinjaman bank beserta beban bunganya
     pada tingkat yang dapat diterima; (iii) memastikan efisiensi biaya dan efektivitas rantai pasok
     secara berkala; (iv) mengimplementasikan program efisiensi operasional; (v) mengelola modal

   kerja secara lebih ketat, termasuk pengendalian persediaan, optimalisasi piutang, dan
   perpanjangan jangka waktu utang usaha sejauh dimungkinkan; serta (vi) memantau tren pasar
   dan kondisi ekonomi. Manajemen telah menyusun proyeksi keuangan untuk periode 3 sampai
   dengan 5 tahun mendatang yang menunjukkan tren arus kas operasi, pendapatan, dan laba
   bersih yang positif, dan strategi ini akan terus diterapkan dan disesuaikan selama periode
   tersebut.

   As described in Note 43 to the consolidated financial statements as of December 31, 2025, as
   part of its risk management strategy, the Company periodically applies the following measures:
   (i) growing revenue by adding new brands and products; (ii) maintaining bank loan facilities
   and their interest costs at an acceptable level; (iii) regularly ensuring cost efficiency and
   effectiveness in the supply chain; (iv) implementing operational efficiency programs; (v)
   managing working capital more rigorously, including inventory control, optimizing
   receivables, and extending trade payables where possible; and (vi) monitoring market trends
   and economic conditions. Management has prepared financial projections for the next 3 to 5
   years showing positive trends in operating cash flow, revenue, and net income, and this
   strategy will continue to be applied and adjusted over that period.

26. Rencana tindakan korporasi Perseroan dalam periode 12 (dua belas) bulan ke depan (jika ada).

   The Company’s corporate action plan for the next 12 (twelve) months (if any).

   Sebagaimana diungkapkan pada Catatan 44 atas laporan keuangan konsolidasian (kejadian
   penting setelah periode pelaporan) pada 31 Desember 2025, pada Rapat Umum Pemegang
   Saham Luar Biasa (RUPSLB) tanggal 12 Februari 2026, para pemegang saham Perseroan
   telah menyetujui: (i) rencana pengambilalihan saham PT Emway Globalindo dari Blooming
   Years Pte. Ltd., melalui mekanisme penyertaan saham sebagai setoran modal dalam bentuk
   lain selain uang (inbreng) serta pembelian sebagian saham secara langsung; (ii) rencana
   Penambahan Modal Dengan Memberikan Hak Memesan Efek Terlebih Dahulu (PMHMETD I)
   dengan menerbitkan sebanyak-banyaknya 238.571.825 saham baru (setara sekitar 8,36% dari
   modal ditempatkan dan disetor penuh Perseroan setelah PMHMETD I); dan (iii) perubahan
   susunan Dewan Komisaris Perseroan. Pelaksanaan lebih lanjut atas rencana tersebut akan
   mengikuti ketentuan dan jadwal yang akan ditetapkan oleh Direksi Perseroan sesuai peraturan
   pasar modal yang berlaku.

   As disclosed in Note 44 to the consolidated financial statements (subsequent events) as of
   December 31, 2025, at the Extraordinary General Meeting of Shareholders (EGMS) held on
   February 12, 2026, the Company's shareholders approved: (i) the plan to acquire shares in
   PT Emway Globalindo from Blooming Years Pte. Ltd., through a non-cash capital
   contribution (inbreng) mechanism and a direct partial share purchase; (ii) the plan for a
   Capital Increase with Pre-Emptive Rights (PMHMETD I) by issuing a maximum of
   238,571,825 new shares (equivalent to approximately 8.36% of the Company's issued and
   fully paid-up capital after the PMHMETD I); and (iii) a change in the composition of the
   Company's Board of Commissioners. Further implementation of these plans will follow the
   terms and schedule to be determined by the Company's Board of Directors in accordance with
   applicable capital market regulations.

27. Apakah terdapat rencana pemegang saham pengendali terkait dengan kepemilikan sahamnya
    di Perseroan?

   Do the controlling shareholders have any plans regarding their shareholdings in the Company?

   Sehubungan dengan rencana PMHMETD I sebagaimana diuraikan pada Catatan 44 atas
   laporan keuangan konsolidasian pada 31 Desember 2025, pemegang saham pengendali,
   Blooming Years Pte. Ltd., berencana untuk menyertakan saham PT Emway Globalindo yang
   dimilikinya sebagai setoran modal dalam bentuk lain selain uang (inbreng) ke dalam Perseroan
   dalam rangka pelaksanaan PMHMETD I, yang mencerminkan komitmen berkelanjutan
   pemegang saham pengendali terhadap Perseroan. Selain hal tersebut, tidak terdapat rencana
   lain dari pemegang saham pengendali terkait kepemilikan sahamnya di Perseroan yang wajib
   diungkapkan pada tanggal laporan ini.

   In connection with the planned PMHMETD I as described in Note 44 to the consolidated
   financial statements as of December 31, 2025, the controlling shareholder, Blooming Years
   Pte. Ltd., plans to contribute its shares in PT Emway Globalindo as a non-cash capital
   injection (inbreng) into the Company in connection with the implementation of the
   PMHMETD I, reflecting the controlling shareholder's continued commitment to the Company.
   Other than the foregoing, there are no other plans of the controlling shareholder relating to
   its shareholding in the Company that are required to be disclosed as of the date of this report.

28. Informasi/kejadian penting lainnya yang material dan dapat mempengaruhi kelangsungan
    hidup Perseroan serta dapat mempengaruhi harga saham Perseroan.

   Other important information or events that are material and may affect the Company’s
   continued existence and may affect the price of the Company’s shares.

   Sampai dengan tanggal tanggapan ini, informasi material yang dapat mempengaruhi
   kelangsungan usaha Perseroan maupun harga saham Perseroan adalah diperolehnya
   Pemberitahuan Efektifnya Pernyataan No. S-33/D.04/2026 dari Otoritas Jasa Keuangan (OJK)
   tanggal 16 April 2026 dalam rangka Penambahan Modal dengan Memberikan Hak Memesan
   Efek Terlebih Dahulu I (PMHMETD I), sebagaimana telah diungkapkan dalam Catatan 42
   atas Laporan Keuangan. Perseroan tidak mengetahui adanya informasi atau kejadian material
   lainnya di luar yang telah diungkapkan dalam Laporan Keuangan dan keterbukaan informasi
   Perseroan yang dapat mempengaruhi kelangsungan usaha maupun harga saham Perseroan.

   As of the date of this response, the material event that may affect the Company's business
   continuity and share price is the receipt of the Notification of Effectiveness of Statement No. S-
   33/D.04/2026 from the Financial Services Authority (OJK) dated April 16, 2026, in relation to
   the Capital Increase with Pre-emptive Rights (PMHMETD I), as disclosed in Note 42 to the
   Financial Statements. Other than the foregoing, the Company is not aware of any other
   material information or events, beyond those disclosed in the Financial Statements and the
   Company's public disclosures, that could materially affect the Company's business continuity
   or share price.