20250624_IFSH_Rencana Transaksi Perubahan Kegiatan Usaha_31908303_lamp1.pdf

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PT. IFISHDECO Tbk

I ODUCTION

1. Brief History of the Company

PT Ifishdeco Tbk (hereinafter referred to as the “Company”) is a publicly listed limited liability company
domiciled and headguartered in Central Jakarta. The Company was established based on Deed of
Establishment No. 41 dated June 9, 1971, drawn up before Abdul Latief, S.H., Notary in Jakarta, and was
approved by the Minister of Justice of the Republic of Indonesia through Decree No. J.A.5/110/7 dated
June 29, 1971.

The Company's Articles of Association have been amended several times, most recently by Deed No. 82
dated April 10, 2023, drawn up before Christina Dwi Utami, S.H., M.Hum., M.Kn., Notary in Jakarta, in
connection with the amendment to Article 17 of the Articles of Association concerning the Company's
work plan, fiscal year, and annual report. This amendment was approved by the Ministry of Law and
Human Rights (“MoLHR”) through MoLHR Letter No: AHU-AH.01.03-0056036 dated April 17, 2023.
Additionally, the Company made changes to the composition of the Board of Directors and the Board of
Commissioners as stated in Deed No. 294 dated March 25, 2025, drawn up before Christina Dwi Utami,
S.H., M.Hum, M.Kn,, Notary in Jakarta, which was acknowledged through a notification receipt by the
MOLHR in Letter No: AHU-AH.01.09-0174503 dated March 27, 2025.

The Company intends to expand its business activities by adding a new classification under the
Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia - “KBLI”) No.
01261, namely Coconut Plantation, located in Tinanggea District, South Konawe Regency, Southeast
Sulawesi Province, covering an area of 1,504.26 hectares. The expansion has been reviewed from
multiple aspects, including market aspect, technical aspect, business model, management model, and
financial aspect.

2. The Company's Business Activities
Pursuant to Article 3 of the Company's current Articles of Association, the purpose and objective of
the Company is to engage in the field of nickel ore mining (KBLI No. 07295). To achieve this purpose
and objective, the Company may carry out the following business activities:

a. Main Business Activities
To engage in the business of nickel ore mining (KBLI No. 07295), which includes mining and
processing of nickel ore, as well as its utilization, insofar as it is administratively inseparable
from the nickel ore mining activities.

b. Supporting Business Activities
To engage in other businesses that are related to and support the Company's main business
activities, in accordance with the prevailing laws and regulations.

c. The Company's Capital Structure

Based on the Deed of Meeting Resolution No. 72 dated July 28, 2021, executed before Dr. Ir. Yohanes
Wilion, S.H., S.E., M.M., Notary in Jakarta, and having obtained approval for the amendment of the
Company's Articles of Association from the Ministry of Law and Human Rights via Letter No. AHU-
AH.01.03-0439346 dated August 23, 2021, the Company's capital structure is as follows:

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PT. IFISHDECO Tbk
Description Number of Shares Amount (in Rp) Percentage
Authorized Capital 6,800,000,000 680,000,000,000 100.00Y6
Issued and Fully Paid Capital 2,125,000,000 212,500,000,000 31.2590

Based on the Shareholders Register (DPS) as of April 30, 2025, issued by PT Bima Registra as the
Company's Share Registrar, the following is the composition of the Company's shareholders:

Shareholders Number of Shares

Percentage

PT Fajar Mining Resources 867,000,000 40.80Y9
PT Wahana Trilintas Mining 833,000,000 39.20Yo
Public 223,147,400 10.50Y6
Outstanding Shares 1,923,147,400 90.50Yo
Treasury 201,852,600 9.50Y6
Total of Share 2,/125,000,000 100.00Y0

d.  Composition of the Company's Board of Directors and Board of Commissioners

Based on the Deed of Resolution of the Meeting No. 294 dated March 25, 2025, which was made before
Christina Dwi Utami, S.H., M.Hum,, M.Kn., Notary in Jakarta, and has received notification of the changes
in the Company's data through the MOLHR's Letter No: AHU-AH.01.09-0174503 dated March 27, 2025,
the following is the composition of the Company's Board of Directors and Board of Commissioners as of

today:

Board of Commissioners
Prof. Dr. Akhmad Syakhroza
Oei Harry Fong Jaya

Lina Suti

Michele Mallorie Sunogo
Ryan Fong Jaya

Hongisisilia SE Ak

Drs. Roesmanhadi, S.H., M.H.

Board of Directors
Muhammad Ishag
Leman Suti

Agus Prasetyono
Iwan Luison

President Commissioner/ Independent Commissioner
Commissioner

Commissioner

Commissioner

Commissioner

Independent Commissioner

Independent Commissioner

President Director
Director
Director
Director

II. — EXPLANATION, CONSIDERATIONS, AND REASONS FOR THE ADDITION OF BUSINESS

ACTIVITIES

Based on data from Horizon Grand View Research, the global coconut product market has shown
significant growth from 2017 to 2030. The market value is projected to exceed USD 40 billion by 2030,
nearly three times its valuein 2017. Indonesia contributes approximately 3096 of the total global coconut
production, making it one of the largest coconut producers worldwide, with an average production of
18.04 million tons of coconuts per year. This market growth is driven by increasing demand for healthy

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and sustainable coconut-based products such as coconut water, coconut milk, briguettes, coconut oil,
and coconut sugar. Furthermore, coconut products are increasingly utilized in the food, cosmetics,
pharmaceutical, and energy industries. These conditions reflect the significant market potential and
business development opportunities in the coconut sector, particularly in tropical countries like
Indonesia.

Global Coconut Product Market Outlook

50k

40k

2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Sumber: Horizon Grand View Research

In 2024, the price of whole coconuts in Indonesia surged, particularly in key production centers such as
Riau and North Sulawesi. Prices rose from IDR 3,250 to IDR 8,000 per kilogram within just a few months.
This increase is beneficial, although the impact is uneven across regions due to differences in market
access and infrastructure. Meanwhile, consumer-level prices rose even more sharply, reaching between
IDR 13,000 and IDR 21,000 per kilogram in major cities like Jakarta. This price disparity reflects the
lengthy distribution chain and inefficiencies in national logistics, exacerbated by increased exports to
countries like China, which has narrowed domestic supply.

Although Indonesia still records a national surplus in coconut production, distribution imbalances from
eastern to western regions have caused shortages in several industrial areas, such as the Riau Islands.
This has directly impacted downstream industries, such as coconut milk processing, which face
production delays due to raw material shortages. The government has begun considering export
regulations and improvements in distribution chains to protect domestic industries.

Indonesia's coconut commodity has an extensive value chain, covering various derivative products from
upstream to downstream. The increase in whole coconut prices since 2024 not only directly affects
farmers' incomes but also influences the processing industry, which is increasingly growing. Products
such as coconut oil, virgin coconut oil (VCO), coir fiber, cocopeat, and coconut shell charcoal have shown
growing demand both domestically and for export. However, challenges in raw material supply and
distribution remain obstacles to sustaining the industry.

Coconut oil, derived from copra, is one of Indonesia's long-established main products. As the world's
second-largest producer of coconut oil, Indonesia exports hundreds of thousands of tons annually. The
2024 trend shows an increase in export volume, although export values fluctuate in line with global
prices. The rising price of whole coconuts has pushed up copra raw material costs, potentially sgueezing
industry margins. Nonetheless, stable global demand for coconut oil, especially for food, cosmetics, and

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oleochemical applications, continues to maintain the competitiveness of this product in the international
market.

VCO has become a new area of interest in the coconut processing industry. Produced through
fermentation or cold-press methods from fresh coconuts, VCO is widely manufactured by MSMEs and
home industries in coconut-producing centers. This product is highly favored in export markets due to
its reputation as a healthy and organic oil. The value added by VCO can be up to 11 times that of raw
coconuts, representing a golden opportunity for small business actors. Coconut by-products such as coir
fiber and coir dust are increasingly economically important. Coir fiber is processed into cocofiber for
mattresses and geotextiles, while cocopeat is used as an organic planting medium. Both have seen
increased demand in line with trends in environmentally friendly horticulture.

Despite its large export potential, Indonesia's contribution remains small, amounting to only
approximately USD 4 million in 2023, lagging far behind India. Some regions, such as Pamekasan, have
begun exporting cocofiber to China, and MSME involvement is key to expanding coir processing with
support in financing and market access. Coconut shell charcoal (batok charcoal) and its derivatives, such
as charcoal briguettes, are also prominent export commodities. Traditional production of coconut shell
charcoal in Parigi, South Tangerang, is an example of a high-value-added downstream product, widely
exported as briguettes for shisha or barbecue.

Indonesia is a primary supplier of charcoal briguettes for shisha use in the Middle East and Europe. This
product adds value up to 4.5 times that of raw coconuts. Thousands of small-scale units spread across
Java, Sumatra, and Sulawesi are involved in production. Charcoal prices dipped in early 2023 but
recovered with improving export demand.

In addition to the main products, other processed products such as desiccated coconut, nata de coco from
coconut water, coconut sugar from sap, and shell handicrafts also contribute significant added value. The
value addition from products such as nata de coco (3.6 times), coconut shell charcoal (4.5 times),
desiccated coconut (6 times), and VCO (11 times) strongly supports efforts to promote downstream
industrialization of coconut. This strategy not only increases foreign exchange earnings but also creates
local employment opportunities.

Considering the large market potential and the continually growing national economy, the Company
plans to add new business activities by incorporating the relevant Indonesian Standard Industrial
Classification (KBLI) to support expansion into the coconut plantation sector.

Currently, the Company operates in the nickel mining sector, domiciled in Central Jakarta, with mining
locations in Ngapaaha Village, Tinanggea District, South Konawe Regency, Southeast Sulawesi Province.
The planned coconut plantation will be located within the Company's HGU area, covering 1,504.26
hectares in Tinanggea District, South Konawe Regency, Southeast Sulawesi Province.

As part of its asset optimization and diversification strategy, the Company intends to add anew business
activity classified under KBLI No. 01261 - Coconut Plantation. The plantation site is planned to bein
Tinanggea District, South Konawe Regency, Southeast Sulawesi Province.

Toassess the feasibilityof this proposed business expansion, an independent feasibility study is reguired
in compliance with OJK Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes
in Business Activities (“POJK No. 17/2020”). This study will be conducted by an independent party
registered with OJK to analyze, review, and prepare the Feasibility Study Report.

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PT. IFISHDECO Tbk

IE FEASIBILITY STUDY FOR

1. Purpose and Objectives of the Feasibility Study

The purpose and objective of this feasibility study report are to provide an opinion on the feasibility of
adding business activities through the inclusion of an additional KBLI classification, assessed from
various aspects, namely market aspects, technical aspects, business model aspects, management model
aspects, and financial aspects. The KBLI to be added is KBLI No. 01261 - Coconut Plantation through the
Feasibility Study Report on the Addition of the Company's Business Activities dated April 28, 2025,
Number: 00456/2.0109-05/BS/02/0069/1/IV/2025, along with its amendment through the Revised
Feasibility Study Report on the Addition of the Company's Business Activities dated June 23, 2025,
Number: 00600/2.0109-05/BS/02/0069/1/VI/2025.

This reportis prepared in order to comply with the provisions stipulated in OJK Regulation No. 17/2020.
This regulation reguires a feasibility study report on changes in business activities to be prepared by an
appraiser. The Company's management has appointed KJPP Febriman Siregar and Partners (“KJPP FSR”)
as the independent appraiser responsible for preparing the feasibility study report.

KJPP FSR is a Public Appraisal Firm registered with the Ministry of Finance and the Capital Market
Authority and possesses the competence to conduct this feasibility study based on the Offer Letter
mutually agreed upon between KJPP FSR and PT Ifishdeco Tbk, No. 1134A/PNW/PB-BGR-FSR/XII/2024
dated December 30, 2024, regarding Consulting Services for the Feasibility Study.

The appraiser is a partner of KJPP FSR with the following gualifications:

Name : Ir. Yohn PS. Napitupulu, Msc., MAPPI (Cert.)

Member of MAPPI :92-S-00252

Public Appraiser License No. : PB-1.08.00069

Bapepam-LK License No. : STTD.PPB-41/PJ-1/PM.021/2024 tanggal 31 Juli 2024
Registration No. : RMK-2017.00069

Klasifikasi bidang jasa : Business and Property Appraiser

2. Subject of the Feasibility Study

The object of this feasibility study, based on information provided by the assigning party, is the
Feasibility Study Service for the Plan to Add Business Activities in the form of an additional KBLI
classification, namely Coconut Plantation.

The effective date of this feasibility study report is December 31, 2024, with parameters and financial
statements used in the analysis based on data as of December 31, 2024. This cutoff date was chosen
considering the interests and objectives of the feasibility study for the addition of business activities
through the inclusion of the additional KBLI.

In this feasibility study, the currency used is the Indonesian Rupiah in accordance with the functional
currency stated in the financial statements.

3.  Assumptions and Constraints of the Feasibility Study

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PT. IFISHDECO Tbk

This feasibility study is limited by the following assumptions and constraints:

1. Thefeasibility study report for the addition of business activities is non-disclaimer opinion in nature.

2. KJPP FSR has reviewed the documents used in the feasibility study process for the addition of
business activities.

3. Inpreparingthis report, KJPP FSR has relied on data and information obtained from sources deemed
trustworthy regarding their accuracy.

4. The financial projections used have been adjusted and reflect the reasonableness of the financial
projections prepared by the Company, considering the feasibility of achieving them (fiduciary duty).

5. KJPP FSR is responsible for the implementation of the Feasibility Study and the reasonableness of
the adjusted financial projections.

6. The Client affirms that all material information regarding the assignment of the feasibility study for
the addition of business activities has been fully disclosed to KJPP FSR, and no important facts have
been omitted.

7. This feasibility study report is open to the public, except for information that is confidential and may
affect the Company's operations.

8. KJPP FSR is responsible for the Feasibility Study Report and the Final Conclusion.

9. This feasibility study report is intended to meet the interests of the Capital Market and fulfill POJK
reguirements, and is not intended for any other purposes.

10. The feasibility study has been prepared based on the economic, industry, financial conditions, and
government regulations related to the addition of business activities that will be undertaken as of
the date this opinion is issued.

11. KJPP FSR has no responsibility to any third party other than the Client, unless in compliance with
applicable regulations and laws.

12. KJPP FSR has obtained information on the legal status of the Feasibility Study Object from the Client.

4.  Metodology

The methodology used for the preparation of this feasibility study is as follows:
a. Data Collection Method and Literature Review
Data obtained from the Company and various other supporting data related to the plan for the
addition of business activities.

b. Field Survey
The field survey is conducted with the aim of obtaining reliable data for the following purposes:
i. Tounderstand the project plan,
ii. To assess the accessibility and the capacity of existing infrastructure and facilities at the
project site,
iii. To gain further insights into the existing and potential markets.

c. Analysis Methodology
The feasibility analysis method for the addition of business activities is as follows:
i. Market Feasibility
Technical Feasibility
Business Model Feasibility
iv. Management Model Feasibility
v. Financial Feasibility

d. Provide conclusions from the feasibility study of the proposed business activity expansion.

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PT. IFISHDECO Tbk

Summary of Feasibility Analysis

Market Feasibility Analysis

Based on data from Horizon Grand View Research, the global coconut product market has
experienced rapid growth from 2017 to 2030, with the market value projected to exceed USD 40
billion by 2030—nearly three times the value in 2017. Indonesia contributes approximately 309
of global production. This growth is driven by increasing demand for healthy products such as
coconut water, coconut milk, briguettes, coconut oil, and coconut sugar, as well as their use in the
food, cosmetic, pharmaceutical, and energy industries. Therefore, considering the market potential
and the growing economic conditions, the planned addition of business activities is deemed
commercially feasible.

Technical Feasibility Analysis

The coconut cultivation site is located within the Company's HGU (Right to Cultivate) area in
Tinanggea District, South Konawe Regency, Southeast Sulawesi Province, covering a total area of
1,504.26 hectares. An initial pilot project area of 50 meters will be allocated totest the productivity
and effectiveness of superior coconut varieties for coconut milk production and other derivative
products. Further development will be carried out by gradually expanding the land according to
needs and production evaluation results.

The marketing strategy for the produced products involves using superior seedlings,
implementing sustainable cultivation practices with organic fertilizers and modern irrigation, and
obtaining organic certification to enhance product value and competitiveness. In terms of pricing,
the Company adopts a flexible pricing policy based on guality and volume, offers long-term price
contracts with processing factories, and optimizes supply chains and distribution for both
domestic and export markets.

For promotion, the Company aims to build a premium brand by leveraging B2B (business-to-
business) marketplaces and trade exhibitions, as well as establishing strategic partnerships with
processing industries, farmer cooperatives, and global exporters. The Company also fosters
partnerships to empower farmers and laborers, enhance productivity, support local communities
through incentives and training, and understand the needs of industrial customers to ensure the
supply of high-guality raw materials in line with market demand.

Considering the plan to conduct a pilot project to test the productivity and effectiveness of superior
coconut varieties and the gradual land expansion based on production evaluation, along with the
marketing strategy implemented by the Company, the planned Addition of Business Activities is
technically feasible to be carried out.

Feasibility Analysis of the Business Model and Management Structure

The Company is committed to the implementation of occupational health and safety. Therefore,
the Company periodically provides training programs, safety regulations, and procedures
designed to protect and ensure the safety of all employees. The current organizational structure of
the Company adeguately supports its operational activities in the planned Addition of Business
Activities, hence, the planned Addition of Business Activities is considered feasible from a
management perspective.

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PT. IFISHDECO Tbk

d. Financial Feasibility Analysis
i. The cost of capital for debt is assumed to be eguivalent to the prevailing loan interest ratein
Indonesian Rupiah. Based on Bank Indonesia data as of December 2024, the investment credit
interest rate for state-owned banks is 9.0096.

ii. The Project Feasibility Analysis is summarized as follows:
a. The Net Present Value (NPV) is positive, amounting to IDR 172,292,503,536.
b. The Internal Rate of Return (IRR) is 19.9796, which is higher than the applied discount
rate.
The Profitability Index (PI) is 2.307, indicating a value greater than 1.
d. The Payback Period is 9 years and 1 month.

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6. Opinion on the Feasibility of Business Activity Expansion

Based on the study, financial evaluation, and financial analysis, as well as other projections, and assuming
that the established assumptions are met, the proposed Business Activity Expansion is considered
feasible and has the potential to make a positive contribution to the Company.

IV. IMPACT OF THE BUSINESS ACTIVITY EXPANSION ON THE COMPANY'S FINANCIAL

CONDITION

A. Summary of the Company's Financial Data

Below is a summary table of the Consolidated Income Statement, Consolidated Statement of Financial
Position, and Consolidated Cash Flow Statement based on the Company's and its Subsidiaries'
Consolidated Financial Statements as of December 31, 2024 and 2023, which have been audited by the
Public Accounting Firm Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partners with Unmodified
Opinion, Report No.: 00015/3.0355/AU.1/02/1188-3/1/11/2025 dated February 24, 2025, by Public
Accountant Adi Santoso, CPA, holding Public Accountant License No.: AP.1188, as follows:

"  Consolidated Statement of Profit or Loss

In Mio IDR
2024 202
Net Sales 972,710 1,433,217
COGS 491453 745,207
Gross Profit 481,257 688,010
Operating Profit or Operating Income 151,633 292,201
Profit Before Income Tax 143,447 294431
Profit for the Period or Net Profit 100,113 220,359
LA Gan akta Income (Loss) for Lan 5g
Comprehensive profit for the period attributable to:
Owners of the Parent Entity 83,666 211,261
Non-controlling Interests 16,447 9,098
Total 100,113 220,359

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| Basic Net Income per Share (Full IDR) 4351 | 109.63 |
»  Consolidated Statement of Financial Position
In Mio IDR
Description 2024 2023

Current Assets 362,284 478,938

Non-Current Assets 645,687 593,546

Total Assets 1,007,971 1,072,484

Short-Term Liabilities 132,668 259,330

Long-Term Liabilities 37,267 27,269

Total Liabilities 169,934 286,599

Eguity 838,037 785,885

Total Liabilities & Eguity 1,007,971 1,072,484
»  Consolidated Cash Flow Statement

In Mio IDR
Description 2024 2023

Cash Flows from Operating Activities 222,271 295,070

Cash Flows from Investing Activities -94,746 -40,094

Cash Flows from Financing Activities -123,083 -207,325

Pena Cash Eguivalents (Beginning of 144,878 07,275

Cash and Cash Eguivalents (End of Year) 149,473 144,878

In connection with the addition of plantation business activities, the estimated investment reguirement
for capital expenditures and working capital needed by the Company is approximately IDR 80 billion
over the next four (4) years, assuming the source of funding is the Company's internal cash. Currently,
the Company already owns the land for the plantation business. The Company will utilize its existing
land, namely the Company's HGU (Land Use Rights) located in Tinanggea District, South Konawe
Regency, Southeast Sulawesi Province, with a total area of 1,504.26 hectares. Further development will
be carried out through gradual land expansion in accordance with the needs and production evaluation
results.

B. Projections and Feasibility Analysis

1. Financial Projection

The projection assumptions over a 10-year period are based on management's level of confidence. The
business plan projections prepared by management show the expected business development,
covering the period from 2025 to 2035.

2. Sales Projection

Tabel6.1. — Pendapatan

oume Penjualan Kelapa seson| —sesow snsn0o

TotlVotune Penjualan Tama ama Tae

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3. Profit and Loss Projection
Tabel6.2 Proyeksi Laba Rugi

SATUAN Tahunke | TahunKe2  Tahuntes | Tetunked  Taunkas Tatan ke Tahuna | Tahunte3 Taun Kei
2ss2enasuo | sasssamsoo| ssawasas| sesmarsi| sasa | cr27s#on0)
oseamuaon Waseassesan yasusnson waseuswann| (snana20n serong

Beban bunga hetangba momocoral woseaarul #rarsangal asas! muscoosl
ot Pedupatn ebar tanin Gsmosesaa (otcase raj WS7asnaaea| Basi ena Wata.cocoon

Laos sebetum pat tsmosesal moral #rersesen) soransss| suwansu| sanam #anena| @samese| aenno1| seasasorose

tuoramara) taorowsrsl #asoswol pasizosamf mensosoni) tnossanss panser

Oontamas B01ssa360 Isonamati 2ANLOKEM 2681326228 MIMIMS MIMIN MEN

4. Feasibility Analysis

This analysis aims to assess the feasibility of the project by applying several key parameters, with the
results as follows:
a. Net Present Value (NPV)

The resulting NPV is positive, amounting to Rp 172,292,503,535.

b. Internal Rate of Return (IRR)
The IRR achieved is 19.9796, which is higher than the applied discount factor.

c. Profitability Index (PI)
The PI obtained is 2.307, which indicates a value greaterthan 1.

d. Payback Period
The payback period is 9 years and 1 month.

Based on the financial assessment and the stated assumptions, the proposed Business Activity Expansion
is considered feasible and is expected to contribute positively to the Company.

Based on the organizational structure in the plantation sector, the workforce supporting the addition of
this business activity possesses the necessary skills gained through experience and training programs.
The plantation sector is divided into two main departments, namely:

1. Cultivation and Production Department

This department consists of three divisions: Production and Harvest Division, Cultivation and
Maintenance Division, and Facilities, Logistics, and Procurement Division. Currently, this department is
supported by approximately 59 personnel, comprising 9 permanent employees and outsourced staff, as
well as 50 contract workers. The department is led by Mr. Agus Sugiarto, an expert in his field.

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2. Commercial and Marketing Department
This department oversees the Marketing and Sales Division and the Product Development and

De Tapa dan
pemeimaran

Partnership Division. Currently, these divisions do not have specialist staff due to the absence of urgent
Operational needs at this stage.

The organizational structure related to the plantation business is as follows:

In relation to the planned Business Activity Expansion of the Company, based on KBLI No. 01261, a
revision to Article 3 of the Company's Articles of Association regarding the Purpose and Objectives as
well as the Business Activities is reguired. In accordance with the provisions of POJK No. 17/2020, the
Company will submit a reguest for approval of these changes through an Extraordinary General Meeting
of Shareholders (“EGMS”).

The EGMS will be held in accordance with the provisions of the Company's Articles of Association, POJK
No.17/2020, OJK Regulation No. 15/POJK.04/2020 on the Plan and Organization of the General Meeting
of Shareholders of Public Companies (“POJK No. 15/2020”), and OJK Regulation No. 16/POJK.04/2020
on the Implementation of the General Meeting of Shareholders of Public Companies Electronically.

Based on the provisions of POJK No. 15/2020 and the Company's Articles of Association, the schedule
for the EGMS is as follows:

Announcement of EGMS 9 May 2025
Disclosure of Information Regarding the Planned Business Activity 20 May 2025
Expansion

Recording Date of EGMS 3 June 2025
Invitation of EGMS 4June 2025
Holding the EGMS 26 June 2025
Summary of EGMS Minutes 1 July 2025
Minutes of EGMS 25 July 2025

In relation to the agenda for the planned Business Activity Expansion of the Company, the EGMS may be
held under the following conditions:

a. The EGMS is attended by Shareholders and their proxies representing at least 2/3 (two-thirds) of

the total number of shares with valid voting rights, and the EGMS's decisions are valid if approved
by more than 2/3 (two-thirds) of the total shares with voting rights present at the meeting.

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b. Inthe event that the guorum for the EGMS attendance as described in point (a) is not met, asecond
EGMS may be held with the condition that the second EGMS is valid and entitled to make decisions
if attended by Shareholders representing at least 3/5 (three-fifths) of the total number of shares
with valid voting rights, and the decisions of the second EGMS are valid if approved by more than
1/2 (one-half) of the total shares with voting rights present at the meeting.

Cc. Inthe event that the guorum for attendance at the second EGMS, as described in point (b), is still not
met, a third EGMS may be held with the condition that the third EGMS is valid and entitled to make
decisions if attended by Shareholders representing a guorum of shares with valid voting rights, in
accordance with the attendance and decision guorum reguirements established by the OJK upon the
Company's reguest.

If the proposed Business Activity Expansion, as mentioned above, does not receive approval from the
Shareholders at the EGMS, the proposal may only be submitted again 12 (twelve) months after the
execution of the EGMS.

VII. ADDITIONAL INFORMATION

For further information regarding the matters disclosed in this Information Disclosure, please contact:

Corporate Secretary
PT Ifishdeco Tbk.
Sahid Sudirman Center, Lantai 42F,
Jalan Jenderal Sudirman No. 86, Karet Tengsin,
Tanah Abang, Jakarta Pusat
Phone: (021) 570 4988
Website: www.ifishdeco.com

Email: corporate@ifishdeco.com

Jakarta, June 24, 2025

PT Ifishdeco Tbk
The Board of Directors

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