20250423_ACST_Informasi Transaksi Afiliasi_31877407_lamp1.pdf

     a.   Diagram showing the ownership structure between the Company and UT:


                         UT

                  100%


                 PT Karya Supra                                          Public
                    Perkasa

               87,69%                                                        12,31%




                                              the Company


     b.   The following is the shared management at the time of the Transaction:


          Company             Board of Directors                   Board of Commissioners
          UT          President Director: Frans Kesuma      -
                      Director: Idot Supriadi
                      Director: Iwan Hadiantoro
                      Director: Vilihati Surya
          the         President Director: Idot Supriadi     President Commissioner: Frans Kesuma
          Company                                           Commissioner: Iwan Hadiantoro
                                                            Commissioner: Vilihati Surya


3.   Explanation, Considerations, and Reasons for Conducting the Transaction Compared to
     Similar Transactions with Unaffiliated Parties

     The consideration and reason for obtaining a loan from an affiliate rather than from an unaffiliated
     party are that the Company is not required to provide collateral or undergo a prolonged and
     complicated administrative process. Thus, the terms and conditions are more flexible and is not
     required to provide guarantees to UT, while still adhering to the arm’s length principle.
     Furthermore, the Company considers that the Transaction would be more effective and efficient if
     carried out with an affiliate having ownership ties within the same group as the Company.

4.   Statement of the Board of Directors and Board of Commissioners of the Company

     In connection with this Transaction, the Board of Commissioners and the Board of Directors of the
     Company declare that, to the best of their knowledge, the Company has disclosed all information
     that must be known to the public and that there are no material facts that have not been disclosed
     or omitted that would render the information provided in relation to the above Transaction untrue
     and/or misleading. The Company has fulfilled the procedures to ensure that the Transaction is
     carried out in accordance with generally accepted business practices.

5.    Additional Information

      a.   This Transaction does not constitute a conflict of interest transaction as referred to in POJK
           42/2020; hence, it does not require the approval of independent shareholders..

      b.   Although this Transaction constitutes a material transaction, the Company records a negative
           net working capital and negative equity. Pursuant to Article 6 paragraph (1) letter a jo. Article
           11 letter g of the Financial Services Authority Regulation No. 17/POJK.04/2020 concerning
           Material Transactions and Changes in Main Business Activities (“POJK 17/2020”), although
           this is a material transaction, the Company is not required to appoint an appraiser or obtain
           approval from the General Meeting of Shareholders provided that the conditions stipulated in
           POJK 17/2020 are fulfilled.

      Accordingly, this Transaction constitutes only an affiliated transaction which requires: (i) public
      disclosure of the information; and (ii) submission of the disclosure to the Financial Services
      Authority, as stipulated under Article 4 jo. Article 6 of POJK 42/2020.

Thus, we hereby convey this disclosure. Thank you for your attention and cooperation.


Sincerely yours,
PT Acset Indonusa Tbk




Kadek Ratih P. Absari
Corporate Secretary

Cc:

1. Deputy Commissioner of Capital Market Supervision II
2. Board of Directors, Indonesia Stock Exchange