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INFORMATION DISCLOSURE TO THE SHAREHOLDERS OF
PT DIAN SWASTATIKA SENTOSA TBK
("INFORMATION DISCLOSURE")
THIS INFORMATION DISCLOSURE IS PREPARED BY THE COMPANY IN
COMPLIANCE WITH POJK 42/2020 AS DEFINED IN THIS INFORMATION
DISCLOSURE.
If you have difficulty understanding the information as contained in this Information
Disclosure, you are advised to consult with a legal advisor, public accountant, financial
advisor, or other competent professional.
PT Dian Swastatika Sentosa Tbk
(the ”Company”)
Business Activities:
Parent Company Activities
Head Office:
Sinar Mas Land Plaza, Tower II, 24th Floor
Jl. M.H. Thamrin No. 51
Central Jakarta 10350
Indonesia
Telephone: +6221 31990258
Facsimile: +6221 31990259
Email: corsec@dss.co.id
Website: www.dssa.co.id
This Information Disclosure is published in Jakarta on July 1, 2026
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I. DEFINITIONS
Affiliate : means:
1. family relationships due to marriage up to the second degree,
both horizontally and vertically, namely a person's relationship
with:
(i) husband or wife
(ii) parents of a husband or wife and husband or wife of a
child
(iii) grandparents of the husband or wife and husband or wife
of grandchildren
(iv) siblings of the husband or wife and the husband or wife
of the relative concerned, or
(v) husband or wife of the person's brother
2. family relationships due to heredity up to the second degree,
both horizontally and vertically, that is, relationships between
someone with:
(i) parents and children
(ii) grandparents and grandchildren, or
(iii) siblings of the person concerned
3. the relationship between the party and the employees,
directors, or commissioners of such party
4. relationship between 2 (two) companies where there are 1
(one) or more same members of the board of directors,
management, board of commissioners, or supervisors
5. the relationship between a company and a party, whether
directly or indirectly, in any way, controls or is controlled by
the company or such party in determining the management
and/or policies of the company or the party
6. the relationship between 2 (two) or more controlled
companies, either directly or indirectly, in any way, in
determining the management and/or policies of the company
by the same party, or
7. the relationship between the company and the major
shareholders, namely parties who directly or indirectly own at
least 20% (twenty percent) of the shares that have voting rights
from the company
AJB : means the deed of reaffirmation of the sale and purchase
agreement relating to the Transaction (as defined below)
IDX : means Indonesia Stock Exchange, a stock exchange based in
Jakarta, Indonesia
BMT : means PT Bali Media Telekomunikasi, a limited liability company
incorporated under and subject to the laws of the Republic of
Indonesia, which, based on the Monthly Securities Holder
Registration Report for the period ended in May 2026, is the holder
of 24.568% of the shares of PT XLSMART Telecom Sejahtera
Tbk
DSST : means PT DSST Mas Gemilang, a limited liability company
incorporated under and subject to the laws of the Republic of
Indonesia, acting as the buyer of 11,193,772,119 (eleven billion
one hundred ninety-three million seven hundred seventy-two
thousand one hundred nineteen) shares in BMT held by IFI
pursuant to the Transaction
IFI : means PT Infinity Investama, a limited liability company
incorporated under and subject to the laws of the Republic of
Indonesia, which prior to the execution of the Transaction was the
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holder of 11,193,772,119 (eleven billion one hundred ninety-three
million seven hundred seventy-two thousand one hundred
nineteen) shares in BMT, acting as one of the sellers in the
Transaction
Information Disclosure : means the information conveyed by the Company as stipulated in
this announcement
Consolidated Financial Statements : means the consolidated statements of financial position and the
December 31, 2025 consolidated statements of profit or loss and other comprehensive
income of the Company and ist subsidiaries for the years ended
December 31, 2025 and 2024, which have been audited by
Mirawati Sensi Idris Public Accounting Firm (Member of Moore
Global Network Limited) as stated in the Independent Auditor’s
Report No. 00379/2.1090/AU.1/02/0155-5/1/III/2026 dated
March 17, 2026
MOL or MOLHR : means the Minister of Law of the Republic of Indonesia, as such
office may be renamed, replaced, or otherwise designated from
time to time (formerly known as the Minister of Law and Human
Rights of the Republic of Indonesia, the Minister of Justice of the
Republic of Indonesia, the Minister of Law and Legislation of the
Republic of Indonesia, or any other name), the minister having
authority over governmental affairs in the field of law in the
Republic of Indonesia
OJK : means the Financial Services Authority, an institution established
pursuant to Law of the Republic of Indonesia No. 21 of 2011
regarding the Financial Services Authority, including any
amendments thereto and any successor laws, implementing
regulations, replacements, substitutions, or successor authorities
from time to time
Company : means PT Dian Swastatika Sentosa Tbk, a public limited liability
company incorporated under and subject to the laws of the
Republic of Indonesia
PMA : means PT Prima Mas Abadi, a limited liability company
incorporated under and subject to the laws of the Republic of
Indonesia, which prior to the execution of the Transaction was the
holder of 1 (one) share in BMT, acting as one of the sellers in the
Transaction
POJK 17/2020 : means OJK’s Regulation No. 17/POJK.04/2020, enacted on April
21, 2020, concerning Material Transactions and Alteration of
Business Activities
POJK 42/2020 : means OJK’s Regulation No. 42/POJK.04/2020, enacted on July
2, 2020, concerning Affiliated Transactions and Conflict-of-
Interest Transactions
SSS : means PT Sinarmas Sukses Sejahtera, a limited liability company
incorporated under and subject to the laws of the Republic of
Indonesia, acting as the buyer of 1 (one) share in BMT held by
PMA pursuant to the Transaction
Transaction : means the purchase of 11,193,772,120 (eleven billion one hundred
ninety-three million seven hundred seventy-two thousand one
hundred twenty) shares in BMT by DSST and SSS
Affiliated Transaction : means any activities and/or transactions conducted by public
companies or controlled companies with Affiliates of public
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companies or Affiliates of members of the Board of Directors,
members of the Board of Commissioners, the major shareholders,
or the controllers, including any activities and/or transactions
carried out by public companies or controlled companies for the
benefit of Affiliates of public companies or Affiliates of members
of the Board of Directors, member of the Board of Commissioners,
major shareholders, or the controller, as stipulated in POJK
42/2020
Material Transaction : means each transaction conducted by a public company or a
controlled company that meets the value threshold as regulated in
POJK 17/2020
Conflict-of-Interest Transaction : means transactions conducted by a public company or a controlled
company with any party, whether with Affiliates or non-Affiliates,
that involve a conflict of interest, as regulated in POJK 42/2020
Capital Market Law : means Law No. 8 of 1995 concerning the Capital Market, as
amended from time to time
II. INTRODUCTION
The information as stated in this Information Disclosure is provided to the Company's shareholders to give
complete information or an overview of the Transaction.
On June 29, 2026, DSST, SSS, IFI, and PMA entered into an AJB to carry out the Transaction with a value of
Rp4,000,000,000,500 (four trillion five hundred Rupiah) - excluding taxes, legal fees, and other transaction costs
that may arise and be borne by each respective party.
Based on the equity value of the Company as stated in the Consolidated Financial Statements as of December 31,
2025, the Transaction is not classified as a Material Transaction, as the Transaction value does not exceed 20%
(twenty percent) of the Company's equity value.
The Transaction is an Affiliated Transaction, but not a Conflict-of-Interest Transaction, since there is no difference
between the economic interests of the Company and the economic interests of members of the Board of Directors,
members of the Board of Commissioners, and majority shareholders that may harm the Company.
The Transaction is conducted in accordance with (i) the procedures set out in Article 3 and Article 4 paragraph (1)
of POJK 42/2020, and (ii) generally accepted business practices.
III. DESCRIPTION OF THE TRANSACTION
1. BACKGROUND, EXPLANATION, CONSIDERATIONS, AND REASONS FOR THE CONDUCT OF
AFFILIATED TRANSACTIONS COMPARED TO IF A SIMILAR TRANSACTION WERE
CONDUCTED WITH A NON-AFFILIATED PARTY
The Company recognizes that the growth of the digital economy, rising internet penetration, and the
accelerating pace of digital transformation across industries have driven the growing need for reliable,
integrated, and sustainable digital infrastructure and telecommunications technology. In the increasingly
dynamic development of the digital industry, value creation no longer depends on the ability to provide
services separately, but rather on the ability to integrate various capabilities into a unified digital ecosystem
that delivers that can provide comprehensive solutions for customers.
Currently, the Company operates in the digital infrastructure and technology business, that includes, among
others, internet services, data centers, and digital solutions. To strengthen its business position and build a long
term competitive digital services ecosystem, the Company continuously pursues various strategic initiatives
through asset portfolio optimization, business structure strengthening, digital capability enchancement, and
the development of strategic collaborations.
As part of the implementation of such strategy and to support the achievement of the Company's vision as a
provider of integrated digital solutions in Indonesia, the Company, through DSST and SSS, entered into the
Transaction on June 29, 2026. This Transaction is a strategic step to strengthen the business structure, expand
the scope of business capabilities, and accelerate the integration of the Company’s digital infrastructure and
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technology ecosystem through the integration of assets, networks, technologies, and complimentary
competencies. Through the Transaction, the Company indirectly expands the business value chain by
strengthening the development of internet-of-things-based business-to-business solutions and integrated
digital solutions for various corporate, MSME, and industrial segments. With an increasingly comprehensive
range of services, the Company can have a stronger capability in providing integrated digital solutions, from
connectivity and digital infrastructure to value-added technology services that support customers' digital
transformation needs.
The Company believes that this Transaction is effective in accelerating the execution of long-term growth
strategies. The Transaction allows for business integration, service development, and resource utilization to
be carried out more optimally. Compared to similar transactions involving external parties, this Transaction
provides a higher level of implementation readiness, thereby supporting a faster and more measurable strategy
execution.
2. PURPOSE AND BENEFITS OF THE TRANSACTION FOR THE COMPANY
The Company undertook this Transaction as a strategic initiative to strengthen its business foundation, expand
its operational and technological capabilities, and accelerate the integration of its digital ecosystem to support
long-term growth.
Through this Transaction, the Company is expected to enhance synergies among its business units, improve the
efficiency of resource utilization, expand the scope of its integrated digital solutions services, and strengthen
its position and competitiveness in anticipating industry developments, capitalizing on market opportunities,
and addressing the increasingly complex needs of digital transformation in the future.
3. OBJECT AND VALUE OF THE TRANSACTION
The Object of the Transaction consists of 11,193,772,120 (eleven billion one hundred ninety-three million
seven hundred seventy-two thousand one hundred twenty) shares in BMT held by IFI and PMA, with a
transaction value of Rp4,000,000,000,500 (four trillion five hundred Rupiah)- excluding taxes, legal fees, and
other transaction costs that may arise and be borne by each respective party.
4. MATERIALITY
The Transaction is not a Material Transaction since the value of the Transaction does not exceed 20% (twenty
percent) of the Company's equity value. The calculation of materiality is as follows:
Transaction Parameter
Transaction Value to the Company’s Equity Ratio 10.54%1)
Transaction Value Rp4,000,000,000,500 (four
trillion five hundred Rupiah)
or equivalent to
USD 238,350,6142)
The Company’s Equity USD 2,261,197,6323)
Transaction Object’s Assets to the Company’s Assets Ratio 19.05%1)
Transaction Object’s Assets Rp14,116,494,441,109 or
equivalent to
USD 841,168,7792)
The Company's Assets USD 4,414,950,1263)
Transaction Object’s Net Loss to the Company's Net Profit Ratio 14.82%1)
Rp898,450,816,384 or
Transaction Object’s Net Loss equivalent to
USD 53,536,5762)
The Company's Net Profit USD 361,200,8733)
Transaction Object’s Revenue to the Company's Revenue Ratio 0.00%1)
Transaction Object’s Revenue Nil
The Company's Revenue USD 2,791,216,5943)
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Notes:
1)
no more than 20% of the value of the Company's equity, assets, net profit, and revenues, respectively
2)
the exchange rate used is the Bank Indonesia middle exchange rate as of December 31, 2025, of
Rp16,782/USD
3)
based on the Consolidated Financial Statements as of December 31, 2025
5. SUMMARY OF THE TRANSACTION
The following is an explanation of several provisions in the AJB:
• Parties : - DSST and SSS, as the buyers
- IFI and PMA, as the sellers
• Transaction : the purchase of 11,193,772,120 (eleven billion one hundred
ninety-three million seven hundred seventy-two thousand one
hundred twenty) shares in BMT, representing all of the issued and
paid-up shares in BMT, by DSST and SSS
• Value of the : Rp4,000,000,000,500 (four trillion five hundred Rupiah) -
Transaction excluding taxes, legal fees, and other transaction costs that may
arise and be borne by each respective party.
• Governing Law : Law of the Republic of Indonesia
6. TRANSACTING PARTIES AND PROFILE OF THE TRANSACTION OBJECT
a. DSST
i. Brief Profile
DSST is a limited liability company duly established under the laws of the Republic of Indonesia and
domiciled in Central Jakarta, with its registered office located at Sinar Mas Land Plaza, Tower 2, 24 th
Floor, Jl. M.H. Thamrin No. 51, Jakarta 10350, telephone number: +6221 31990258, and email address:
legal.dsstmg@dsst.co.id.
DSST was established pursuant to Deed of Establishment No. 105 dated March 26, 2012, drawn up
before Desman, S.H., M.Hum., Notary in North Jakarta. The deed was approved by MOLHR pursuant
to Decree No. AHU-16407.AH.01.01.Tahun 2012 dated March 29, 2012, and was recorded in the
company register under No. AHU-0027331.AH.01.09.Tahun 2012 dated March 29, 2012.
The Articles of Association of DSST have been amended from time to time. The latest amendment was
effected pursuant to Deed of Statement of Shareholders' Resolutions No. 62 dated December 23, 2025,
drawn up before Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta. According to the
aforesaid deed, the shareholders of DSST approved an amendment to Article 4 of the Articles of
Association concerning capital in connection with the increase of DSST's issued and paid-up capital.
Such an amendment was notified to the MOL as evidenced by the Receipt of Notification of Amendment
to Articles of Association No. AHU-AH.01.03-0258029 dated December 24, 2025, and was recorded in
the company register under No. AHU-0291490.AH.01.11.TAHUN 2025 dated December 24, 2025
("Deed No. 62/2025").
ii. Purpose and Objectives of Business Activities
Pursuant to Deed of Statement of Shareholders' Resolutions No. 38 dated June 21, 2024, drawn up before
Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta, which was approved by the MOLHR
pursuant to Decree No. AHU-0037228.AH.01.02.TAHUN 2024 dated June 24, 2024, and recorded in
the company register under No. AHU-0124500.AH.01.11.TAHUN 2024 dated 24 ("Deed No. 38/2024"),
the business activities of DSST are as follows:
(1) the purposes and objectives of DSST are holding company activities (KBLI 64200) and other
management consultancy activities (KBLI 70209).
(2) to achieve the foregoing purposes and objectives, DSST may engage in the following business
activities:
i. conducting holding company activities, namely activities of a company that controls the assets
of a group of subsidiary companies and whose principal activity is ownership of such group.
Holding companies are not involved in the operational activities of their subsidiaries. Such
activities include services provided by counsellors and negotiators in designing corporate
mergers and acquisitions; and
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ii. conducting other management consultancy activities, including the provision of advisory,
guidance, and operational assistance services relating to business and organizational
management issues, such as strategic and organizational planning, financial decision-making,
marketing objectives and policies, human resources planning, practices, and policies, as well as
production scheduling and control planning. Such services may include advisory, guidance and
operational assistance in various management functions, management consultancy services by
agronomists and agricultural economists in the agricultural sector and related fields, the design
of accounting methods and procedures, cost accounting programs, budgetary control procedures,
advisory and assistance services to businesses and public service organizations in planning,
organizing, efficiency enhancement and supervision, management information services, and
other related services, including infrastructure investment feasibility and study services.
iii. Capital Structure and Shareholders' Composition
Pursuant to Deed of Statement of Shareholders' Resolutions No. 33 dated December 26, 2022, drawn up
before Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta, which was approved by the
MOLHR pursuant to Decree No. AHU-0129647.AH.01.02.TAHUN 2022 dated December 27, 2022,
was notified to the MOLHR as evidenced by Receipt of Notification of Amendment to Articles of
Association No. AHU-AH.01.03-0496989 dated December 27, 2022, and recorded in the company
register under No. AHU-0261273.AH.01.11.TAHUN 2022 dated December 27, 2022 juncto Deed No.
62/2025, the shareholders’ composition of DSST is as follows:
Nominal Value (Rp) Percentage
Remarks Number of Shares
@ Rp1,000,000 per share (%)
Authorized capital 15,000,000 15,000,000,000,000
Fully issued and paid-up capital
The Company 12,330,094 12,330,094,000,000 99.9999
PT Sinar Mas Tunggal 10 10,000,000 0.0001
Total issued and paid-up capital 12,330,104 12,330,104,000,000 100.0000
iv. Management and Supervision
Pursuant to the Deed of Statement of Shareholders' Resolutions No. 67 dated June 26, 2026, drawn up
before Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta. The deed is currently in the
process of being notified to MOL. The composition of the Board of Commissioners and Board of
Directors of DSST as of the date of this Information Disclosure is as follows:
Board of Commissioners
President Commissioner : Lay Krisnan Cahya
Commissioner : Handhianto Suryo Kentjono
Commissioner : Hermawan Tarjono
Board of Directors
President Director : Marlo Budiman
Director : Johannes
Director : Daniel Cahya
b. SSS
i. Brief Profile
SSS is a limited liability company duly established under the laws of the Republic of Indonesia and
domiciled in Central Jakarta, with its registered office located at Tower 2, 24 th Floor, Jl. M.H. Thamrin
No. 51, Jakarta 10350, telephone number: +6221 31990258, and email address:
legal.sinarmassuksessejahtera@dsst.co.id.
SSS was established pursuant to Deed of Establishment No. 9 dated May 2, 2012, drawn up before
Desman, S.H., M.Hum., Notary in North Jakarta. The deed was approved by the MOLHR pursuant to
Decree No. AHU-28096.AH.01.01.Tahun 2012 dated May 25, 2012, and was recorded in the company
register under No. AHU-0046941.AH.01.09.Tahun 2012 dated May 25, 2012.
The Articles of Association of SSS have been amended from time to time. The latest amendment was
effected pursuant to Deed of Statement of Shareholders' Resolutions No. 11 dated March 13, 2026,
drawn up before Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta. According to the
aforesaid deed of shareholders of SSS approved an amendment to Article 4 of the Articles of Association
concerning capital in connection with the increase of SSS's issued and paid-up capital. Such an
amendment was notified to the MOL, as evidenced by the Receipt of Notification of Amendment to
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Articles of Association No. AHU-AH.01.03-0082398 dated March 16, 2026, and was recorded in the
company register under No. AHU-0058644.AH.01.11.TAHUN 2026 dated March 16, 2026 ("Deed No.
11/2026").
ii. Purpose and Objectives of Business Activities
Pursuant to Deed of Statement of Shareholders' Resolutions No. 40 dated June 21, 2024, drawn up before
Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta, which was approved by the MOLHR
pursuant to Decree No. AHU-0037237.AH.01.02.TAHUN 2024 dated June 24, 2024, and was recorded
in the company register under No. AHU-0124525.AH.01.11.TAHUN 2024 dated June 24, 2024, the
business activities of SSS are as follows:
(1) the purposes and objectives of SSS are holding company activities (KBLI 64200) and other
management consultancy activities (KBLI 70209).
(2) to achieve the foregoing purposes and objectives, SSS may engage in the following business
activities:
i. conducting holding company activities, namely activities of a company that controls the assets
of a group of subsidiary companies and whose principal activity is ownership of such group.
Holding companies are not involved in the operational activities of their subsidiaries. Such
activities include services provided by counsellors and negotiators in designing corporate
mergers and acquisitions; and
ii. conducting other management consultancy activities, including the provision of advisory,
guidance, and operational assistance services relating to business and organizational management
issues, such as strategic and organizational planning, financial decision-making, marketing
objectives and policies, human resources planning, practices and policies, as well as production
scheduling and control planning. Such services may include advisory, guidance and operational
assistance in various management functions, management consultancy services by agronomists
and agricultural economists in the agricultural sector and related fields, the design of accounting
methods and procedures, cost accounting programs, budgetary control procedures, advisory and
assistance services to businesses and public service organizations in planning, organizing,
efficiency enhancement and supervision, management information services, and other related
services, including infrastructure investment feasibility and study services.
iii. Capital Structure and Shareholders' Composition
Pursuant to Deed of Statement of Shareholders' Resolutions No. 8 dated September 4, 2025, drawn up
before Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta, which was approved by the
MOLHR pursuant to Decree No. AHU-0059969.AH.01.02.TAHUN 2025 dated September 4, 2025, was
notified to the MOL as evidenced by the Receipt of Notification of Amendment to Articles of Association
No. AHU-AH.01.03-0233437 dated September 4, 2025, and recorded in the company register under No.
AHU-0207340.AH.01.11.TAHUN 2025 dated September 4, 2025 juncto Deed No. 11/2026, the
shareholders’ composition of SSS is as follows:
Nominal Value (Rp) Percentage
Remarks Number of Shares
@ Rp1,000,000 per share (%)
Authorized capital 5,000,000 5,000,000,000,000
Fully issued and paid-up capital
The Company 4,862,326 4,862,326,000,000 99.998
PT DSSA Mas Infrastruktur 99 99,000,000 0.002
Total issued and paid-up capital 4,862,425 4,862,425,000,000 100.000
iv. Management and Supervision
Pursuant to Deed of Statement of Shareholders' Resolutions No. 30 dated June 13, 2023, drawn up before
Lanawaty Darmadi, S.H., M.M., M.Kn., Notary in Central Jakarta, which was notified to the MOLHR
as evidenced by Receipt of Notification of Change in Company Data No. AHU-AH.01.09-0127960
dated June 14, 2023, and recorded in the company register under No. 0111706.AH.01.11.TAHUN 2023
dated June 14, 2023, the composition of the Board of Commissioners and Board of Directors of SSS as
of the date of this Information Disclosure is as follows:
Board of Commissioners
President Commissioner : Hermawan Tarjono
Commissioner : Daniel Cahya
Board of Directors
President Director : Alex Sutanto
Director : Andre Pratama
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c. IFI
i. Brief Profile
IFI is a limited liability company duly established under the laws of the Republic of Indonesia and
domiciled in Central Jakarta, with its registered office located at Sinar Mas Land Plaza, Tower 2, 12 th
Floor, Jl. M.H. Thamrin No. 51, Jakarta 10350, telephone number: +6221 31990090, and email address:
infinity_invest@yahoo.com.
IFI was established pursuant to IFI's Deed of Establishment No. 22 dated March 24, 2005, drawn up
before Sri Hidianingsih Adi Sugijanto, S.H., notary in Jakarta. The deed was approved by the MOLHR
pursuant to Decree No. C-08500.HT.01.01.TH 2005 dated March 31, 2005, and was registered in the
company register under No. 090517450788 dated April 12, 2005. The Articles of Association of IFI
have been amended from time to time, the latest amendment was effected pursuant to Deed of Statement
of Shareholders' Resolutions No. 94 dated December 16, 2025, drawn up before Esther Pascalia Ery
Jovina, S.H., M.Kn., notary in Jakarta, which was approved by the MOL pursuant to Decree No. AHU-
0009137.AH.01.02.Tahun 2026 dated February 15, 2026 and was recorded in the company register
under No. AHU-0029784.AH.01.11.Tahun 2026 dated February 15, 2026 ("Deed No. 94/2025").
ii. Purpose and Objectives of Business Activities
The purposes and objectives of IFI, as stipulated in Article 3 of the Articles of Association of IFI as set
out in Deed No. 21 dated December 10, 2025, drawn up before Esther Pascalia Ery Jovina, S.H., M.Kn.,
notary in Jakarta, which was approved by the MOL pursuant to Decree No. AHU-
0081625.AH.01.02.Tahun 2025 dated December 11, 2025 and recorded in the company register under
No. AHU-0279811.AH.01.11.Tahun 2025 dated December 11, 2025, are as follows:
(1) the purposes and objectives of IFI are holding company activities (KBLI 64200) and other
management consultancy activities (KBLI 70209).
(2) to achieve the foregoing purposes and objectives, IFI may engage in the following business
activities:
i. conducting holding company activities, namely activities of a company that controls the
assets of a group of subsidiary companies and whose principal activity is ownership of such
group. Holding companies are not involved in the operational activities of their subsidiaries.
Such activities include services provided by counsellors and negotiators in designing
corporate mergers and acquisitions; and
ii. conducting other management consultancy activities, including the provision of advisory,
guidance, and operational assistance services relating to business and organizational
management issues, such as strategic and organizational planning, financial decision-making,
marketing objectives and policies, human resources planning, practices and policies, as well
as production scheduling and control planning. Such services may include advisory, guidance
and operational assistance in various management functions, management consultancy
services by agronomists and agricultural economists in the agricultural sector and related
fields, the design of accounting methods and procedures, cost accounting programs,
budgetary control procedures, advisory and assistance services to businesses and public
service organizations in planning, organizing, efficiency enhancement and supervision,
management information services, and other related services, including infrastructure
investment feasibility and study services.
iii. Capital Structure and Shareholders' Composition
The capital structure and shareholding composition of IFI, as set out in Deed No. 94/2025, are as follows:
Number of Nominal Value (Rp) Percentage
Remarks
Shares @ Rp1,000,000 per share (%)
Authorized capital 11,025,639 11,025,639,000,000
Fully issued and paid-up capital
Equimark Investment Holding Ltd 784,227 784,227,000,000 7.11
Infinity Investment Holdings Pte. Ltd 10,241,412 10,241,412,000,000 92.89
Total issued and paid-up capital 11,025,639 11,025.639,000,000 100.00
iv. Management and Supervision
The composition of the Board of Commissioners and Board of Directors of IFI, as set out in Deed of
Statement of Shareholders' Resolutions No. 22 dated July 16, 2025, drawn up before Esther Pascalia Ery
Jovina, S.H., M.Kn., notary in Jakarta, which was notified to the MOL as evidenced by Receipt of
Notification of Change in Company Data No. AHU-AH.01.09-0312739 dated July 17, 2025, and
recorded in the company register under No. AHU-0162007.AH.01.11.TAHUN 2025 dated July 17, 2025,
is as follows:
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Board of Commissioners
Commissioner : Ho Suk Tjen
Board of Directors
President Director : Pedy Harianto
Director : Aditya Gunawan
d. PMA
i. Brief Profile
PMA is a limited liability company duly established under the laws of the Republic of Indonesia and
domiciled in Central Jakarta, with its registered office located at Sinar Mas Land Plaza, Tower 2, 12 th
Floor, Jl. M.H. Thamrin No. 51, Jakarta 10350, telephone number: +6221 31903729, and email address:
primamasabadi8@gmail.com.
PMA was established pursuant to PMA's Deed of Establishment No. 02 dated December 18, 2006,
drawn up before Yulia, S.H., notary in Jakarta. The deed was approved by the MOLHR pursuant to
Decree No. W7-03861 HT.01.01-TH.2006 dated December 18, 2006. The Articles of Association of
PMA have been amended from time to time with the latest amendment was effected pursuant to Deed
of Statement of Shareholders' Resolutions No. 95 dated December 16, 2025, drawn up before Esther
Pascalia Ery Jovina, S.H., M.Kn., notary in Jakarta, which was approved by the MOL pursuant to Decree
No. AHU-0009114.AH.01.02.Tahun 2026 dated February 15, 2026 and was recorded in the company
register under No. AHU-0029735.AH.01.11.Tahun 2026 dated February 15, 2026 ("Deed No. 95/2025").
ii. Purpose and Objectives of Business Activities
The purposes and objectives of PMA, as stipulated in Article 3 of the Articles of Association of PMA
as set out in Deed No. 47 dated November 28, 2019, drawn up before Esther Pascalia Ery Jovina, S.H.,
M.Kn., notary in Jakarta, which was approved by the MOLHR pursuant to Decree No. AHU-
0100340.AH.01.02.Tahun 2019 dated December 2, 2019 and recorded in the company register under
No. AHU-0232182.AH.01.11.Tahun 2019 dated December 2, 2019, are as follows:
(1) the purpose and objective of PMA are other management consultancy activities (KBLI 70209).
To achieve the foregoing purpose and objective, PMA may engage in business activities
comprising the provision of advisory, guidance, and operational assistance services relating to
business and organizational management issues, such as strategic and organizational planning,
financial decision-making, marketing objectives and policies, human resources planning, practices
and policies, as well as production scheduling and control planning. Such services may include
advisory, guidance and operational assistance in various management functions, management
consultancy services by agronomists and agricultural economists in the agricultural sector and
related fields, the design of accounting methods and procedures, cost accounting programs,
budgetary control procedures, advisory and assistance services to businesses and public service
organizations in planning, organizing, efficiency enhancement and supervision, management
information services, and other related services.
iii. Capital Structure and Shareholders' Composition
The capital structure and shareholding composition of PMA, as set out in Deed No. 95/2025, are as
follows:
Number of Nominal Value (Rp) Percentage
Remarks
Shares @ Rp1,000 per share (%)
Authorized capital 8,489,598,847 8,489,598,847,000
Fully issued and paid-up capital
Equimark Investment Holding Ltd 8,174,923,361 8,174,923,361,000 96.29
Bayshore Telecom S.A. 314,675,486 314,675,486,000 3.71
Total issued and paid-up capital 8,489,598,847 8,489,598,847,000 100.00
iv. Management and Supervision
The composition of the Board of Commissioners and Board of Directors of PMA, as set out in Deed of
Statement of Shareholders' Resolutions No. 23 dated July 16, 2025, drawn up before Esther Pascalia Ery
Jovina, S.H., M.Kn., notary in Jakarta, which was notified to the MOL as evidenced by Receipt of
Notification of Change in Company Data No. AHU-AH.01.09-0312743 dated July 17, 2025 and
recorded in the company register under No. AHU-0162012.AH.01.11.TAHUN 2025 dated July 17, 2025,
are as follows:
10
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Board of Commissioners
Commissioner : Ho Suk Tjen
Board of Directors
President Director : Pedy Harianto
Director : Aditya Gunawan
e. BMT
i. Brief Profile
BMT is a limited liability company duly established under the laws of the Republic of Indonesia and
domiciled in Central Jakarta, with its registered office located at Jl. H. Agus Salim No. 45, Kebon Sirih,
Menteng, Central Jakarta, telephone number: +6221 31922255, and email address:
balimedia_telekom@yahoo.com.
BMT was established pursuant to BMT's Deed of Establishment No. 21 dated September 9, 2003, drawn
up before Myra Yuwono, S.H., notary in Jakarta. The deed was approved by the MOLHR pursuant to
Decree No. C-27551.HT.01.01.TH 2003 dated November 17, 2003 and was registered in the company
register under No. 090315241472 dated January 16, 2004. The Articles of Association of BMT have
been amended from time to time, with the latest amendment was effected pursuant to Deed of Statement
of Shareholders' Resolutions No. 91 dated December 16, 2025, drawn up before Esther Pascalia Ery
Jovina, S.H., M.Kn., notary in Jakarta, which was approved by the MOL pursuant to Decree No. AHU-
0009318.AH.01.02.Tahun 2025 dated February 15, 2026 and was recorded in the company register under
No. AHU-0030434.AH.01.11.Tahun 2026 dated February 15, 2026 ("Deed No. 91/2026").
ii. Purpose and Objectives of Business Activities
The purposes and objectives of BMT, as stipulated in Article 3 of the Articles of Association of BMT as
stipulated in Deed No. 35 dated February 18, 2025, drawn up before Esther Pascalia Ery Jovina, S.H.,
M.Kn., Notary in Jakarta, which was approved by MOL pursuant to Decree No. AHU-
0012696.AH.01.02.Tahun 2025 dated February 24, 2025 and recorded in the Company Register under
No. AHU-0042208.AH.01.11.Tahun 2025 dated February 24, 2025, are to engage in several lines of
business, namely the wholesale trading of telecommunications equipment, holding company activities,
head office activities, and other management consultancy activities.
To achieve the foregoing purposes and objectives, BMT may engage in the following business activities:
• conducting wholesale trading activities in telecommunications equipment, including the wholesale
trading of communications equipment, such as telephone and communications equipment, including
radio and television broadcasting equipment;
• conducting holding company activities, namely activities of a holding company that controls the
assets of a group of subsidiary companies and whose principal activity is the ownership of such
group. Holding companies do not engage in the operational activities of their subsidiaries. Such
activities include services provided by counsellors and negotiators in structuring corporate mergers
and acquisitions;
• conducting head office activities, including the supervision and management of other business units
or enterprises, corporate strategy and organizational planning, and corporate or enterprise policy
decision-making. Entities within this business classification exercise operational control and
manage the operations of their related business units. Such activities include those carried out by
head offices, central administrative offices, incorporated head offices, district offices, regional
offices, and branch management offices; and
• conducting other management consultancy activities, including the provision of advisory, guidance,
and operational assistance services relating to business and organizational management matters,
financial decision-making, marketing objectives and policies, human resources planning, practices
and policies, as well as production planning, scheduling, and control. Such services may include
advisory, guidance, and operational assistance in various management functions, management
consultancy services by agronomists and agricultural economists in the agricultural sector and
related fields, the design of accounting methods and procedures, cost accounting programs,
budgetary control procedures, advisory and assistance services to businesses and public service
organizations in planning, organization, efficiency improvement and supervision, management
information services, and other related services. Including infrastructure investment study services.
iii. Capital Structure and Shareholders' Composition
The capital structure and shareholding composition of BMT, as set out in Deed No. 91/2026, are as
follows:
11
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Number of Nominal Value (Rp) Percentage
Remarks
Shares @ Rp1,000 per share (%)
Authorized capital 11,193,772,120 11,193,772,120,000
Fully issued and paid-up capital
IFI 11,193,772,119 11,193,772,119,000 99,99
PMA 1 1,000 0.01
Total issued and paid-up capital 11,193,772,120 11,193,772,120,000 100.00
iv. Management and Supervision
The composition of the Board of Commissioners and Board of Directors of BMT, as set out in Deed of
Statement of Shareholders' Resolutions No. 65 dated October 28, 2025, drawn up before Esther Pascalia
Ery Jovina, S.H., M.Kn., notary in Jakarta, which was notified to the MOL as evidenced by Receipt of
Notification of Change in Company Data No. AHU-AH.01.09-0358783 dated November 21, 2025, and
was recorded in the company register under No. AHU-0266834.AH.01.11.TAHUN 2025 dated
November 21, 2025, is as follows:
Board of Commissioners
President Commissioner : Daniel Cahya
Commissioner : Alex Sutanto
Board of Directors
President Director : Mona Angelique Susanto
Director : Indra Sentanu
7. NATURE OF AFFILIATED RELATIONS
The Transaction is an Affiliated Transaction as it is conducted by the companies which are owned and
controlled, either directly or indirectly, by Mr. Franky Oesman Widjaja.
IV. INDEPENDENT PARTY APPOINTED BY THE COMPANY
The independent party appointed by the Company is:
Public Appraisal Firm Kusnanto dan Rekan, as the independent appraiser appointed by the Company to conduct
the valuation of the Transaction Object and provide an opinion on the fairness of the Transaction.
Address : Citywalk Sudirman, 6th Floor
Jalan K.H. mas Mansyur No. 121, Central Jakarta, Special Capital Region of Jakarta 10220
Telephone : +6221 2555 8778
V. THE EFFECT OF THE TRANSACTION ON THE COMPANY’S FINANCIAL CONDITION
The following proforma consolidated statements of financial position and proforma consolidated statements of
profit or loss and other comprehensive income are prepared to illustrate the impact of the Transaction, with an
assumption that Transaction occurred and was effective on December 31, 2025.
Proforma Consolidated Statement of Financial Position (in thousands USD)
Pre- Post
Remarks Adjustment
Transaction Transaction
ASSET
Current Asset 1,821.0 (238.4) 1,582.6
Noncurrent Asset 2,594.0 238.4 2,832.4
TOTAL ASSET 4,415.0 - 4,415.0
LIABILITIES AND EQUITY
Liabilities
Current Liabilities 826.1 - 826.1
Noncurrent Liabilities 1,327.7 - 1,327.7
Total Liabilities 2,153.8 - 2,153.8
EQUITY
Equity Attributable to Owners of the Parent 1,816.8 1,816.8
Company
Non-controlling Interests 444.4 - 444.4
Total Equity 2,261.2 - 2,261.2
TOTAL LIABILITIES AND EQUITY 4,415.0 - 4,415.0
12
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Proforma Consolidated Statement of Profit or Loss and Other Comprehensive Income (in thousands USD)
Pre- Post
Remarks Adjustment
Transaction Transaction
Revenues 2,791.2 - 2,791.2
Gross Profit 941.7 - 941.7
Profit before Tax 464.1 - 464.1
Profit for the Period 361.2 - 361.2
Total Comprehensive Income for the Period 338.4 - 338.4
The assumptions used to prepare the Company's proforma consolidated financial statements include the following:
• The Transaction occurred on December 31, 2025
• The value of the Transaction is Rp4,000,000,000,500 (four trillion five hundred Rupiah) - excluding taxes, legal
fees, and other transaction costs that may arise and be borne by each respective party.
• The exchange rate used is the Bank Indonesia middle exchange rate as of December 31, 2025 of Rp16,782/USD
VI. VALUATION REPORT AND FAIRNESS OPINION
The independent appraiser appointed by the Company is Kusnanto & Rekan Public Appraisal Office (“KR”), a
licensed public appraisal firm established pursuant to the Decree of the Minister of Finance No. 2.19.0162 dated
July 15, 2019 and registered as a capital market supporting profession at OJK under Registration Certificate No.
KEP-210/KS.13/2026, has appointed by the Company's management pursuant to Engagement Letter No.
KR/260521-001 dated May 21, 2026 to determine the market value of the 100.00% equity interest in BMT and to
provide a fairness opinion on the Transaction.
A. Summary of the Valuation Report on Object of the Transaction
The following is a summary of the valuation report on the 100.00% shares of BMT as set out in report
No. 00137/2.0162-00/BS/02/0153/1/VI/2026 dated June 26, 2026.
1. Parties to the Transaction
The parties involved in the Transaction are DSST, SSS, IFI, and PMA.
2. Valuation Object
The object of the valuation is the market value of the 100.00% shares of BMT.
3. Objective of the Valuation
The objective of the valuation is to obtain an independent opinion on the market value of the Valuation
Object stated in Rupiah and/or its equivalency as of December 31, 2025.
4. Limiting Conditions and Major Assumptions
This valuation was prepared based on the market and economic conditions, general business and financial
conditions, as well as applicable Government regulations until the date of issuance of this valuation report.
Assessment of the Valuation Object was conducted using the discounted cash flow method is based on
PT XLSMART Telecom Sejahtera Tbk (EXCL) and PT Hipernet Indodata (HID)'s projected financial
statements prepared by management. In preparing the financial projections, various assumptions were
developed based on the historical performance of EXCL and HID and the future business plans of their
respective management. KR have adjusted the projected financial statements to more fairly reflect the
operating conditions and performance of EXCL and HID at the time of this valuation. In general, KR have
made no significant adjustments to the performance targets of the assessed EXCL and HID and have
reflected their achievability (fiduciary duty). KR are responsible for the valuation and fairness of the
projected financial statements based on EXCL and HID's historical performance and EXCL and HID's
management information on EXCL and HID's projected financial statements. KR are also responsible for
the BMT valuation report and final score conclusion.
In the valuation assignment, KR assumed the fulfilment of all conditions and obligations of the Company.
KR also assumed that from the date of the valuation until the date of issuance of the valuation report, there
were no changes that could materially affect the assumptions used in the valuation. KR are not responsible
to reaffirm or to supplement or to update KR opinion due to the changes in the assumptions and conditions
as well as events occurring after the report date.
13
Page 14
In performing the analysis, KR assumed and relied on the accuracy, reliability, and completeness of all
financial information and other information provided to KR by the Company and BMT or publicly
available which were essentially true, complete, and not misleading and KR are not responsible to perform
an independent investigation of such information. KR also relied on assurances from the management of
the Company and BMT that they did not know the facts which led to the information given to BMT to be
incomplete or misleading.
The valuation analysis of the Valuation Object was prepared using the data and information as disclosed
above. Any changes to the data and information may materially affect the outcome of KR opinion. KR
are not responsible for the changes in the conclusions of KR valuation as well as any losses, damages,
costs, or expenses caused by undisclosed information which led the data obtained to be incomplete and/or
could be misinterpreted.
Since the result of KR valuation extremely depended on the data and the underlying assumptions, the
changes in the data sources and assumptions based on market data would change the result of KR
valuation. Therefore, KR stated that the changes to the data used could affect the result of the valuation
and that such differences could be material. Although the content of this valuation report had been
prepared in good faith and in a professional manner, KR are unable to accept the responsibility for the
possibility of the differences in our conclusion caused by additional analysis, the application of the
valuation result as a basis to perform the analysis of the transaction or any changes in the data used as the
basis of the valuation. The valuation report of the Valuation Object represents a non-disclaimer opinion
and is an open-for-public report unless there was confidential information on such a report, which might
affect the operation of the Company and BMT.
KR work related to the valuation of the Valuation Object was not and could not be interpreted in any
form, a review or an audit, or an implementation of certain procedures of financial information. The work
was also not intended to reveal weaknesses in internal control, errors or irregularities in the financial
statements or violation of law. Furthermore, KR have also obtained the information on the legal status of
the Company and BMT based on the articles of association of the Company and BMT.
5. The Valuation Methods Applied
The valuation methods applied in the valuation of the Valuation Object were Discounted Cash Flow
(DCF) Method, Adjusted Net Asset Method, and the Guideline Publicly Traded Company Method.
The discounted cash flow method was chosen given that the business activities carried out by EXCL and
HID in the future will still fluctuate in accordance with estimate of EXCL and HID's business
development. In carrying out the valuation using this method, EXCL and HID's operations are projected
in accordance with the expected development of EXCL and HID's business. The cash flows generated
based on the projections are converted to present value at a discount rate appropriate to the level of risk.
The value indication is the total present value of the cash flows.
Under the Adjusted Net Asset Method, all assets and liabilities are adjusted to their respective market
values, except for those already stated at market value, such as cash and cash equivalents and bank
borrowings. The overall market value of the company is then determined by calculating the difference
between the market value of its total assets, both tangible and intangible, and the market value of its
liabilities.
Guideline publicly traded company method was used in the valuation despite the unavailability of
information for similar companies with similar business scale and assets in public companies stock
market, but it is expected that the available public companies stock data could be used as comparative
data for the value of shares owned by EXCL, XL Axiata Singapore Pte. Ltd., HID, PT Data Enkripsi
Informasi Teknologi, PT Link Net Tbk, and PT Princeton Digital Group Data Centres.
The approach and valuation method above considered by KR to be the most suitable to be applied in this
assignment and had been approved by the management of the Company and BMT. It is possible that
application of other valuation approaches and methods may give different results.
The valuation results derived from each of the above methodologies were subsequently reconciled through
an appropriate weighting process to arrive at the final valuation conclusion.
14
Page 15
6. The Valuation Conclusion
Based on the analysis of all data and information that KR have received and by considering all relevant
factors affecting the valuation, therefore in KR opinion, the market value of Object of Transaction as of
Desember 31, 2025 is IDR 4,153.49 billion.
B. Summary of Fairness Opinion
The following is a summary of the fairness opinion report on the Transaction as set out in Report No.
00141/2.0162-00/BS/02/0153/1/VI/2026 dated June 29, 2026.
1. Parties to the Transaction
The parties involved in the Transaction are DSST, SSS, IFI, and PMA.
2. Object of Transaction
The object of the Transaction covered by the Fairness Opinion is the proposed acquisition by DSST and
SSS of 11,193,772,120 shares, representing 100.00% of the issued and paid-up share capital of BMT,
from IFI and PMA, through the purchase and transfer of such shares for a total transaction value of
IDR 4,000,000,000,500.
3. Purpose and Objective
Purpose and objective of the preparation of the Fairness Opinion on the Transactions is to provide an
overview on the fairness of the Transaction to the Company’s Board of Directors from financial aspects
and to comply with the applicable regulations, i.e. POJK 42/2020.
4. Limiting Conditions and Basic Assumptions
The Fairness Opinion analysis on the Transaction was prepared using the data and information as
disclosed above, such data and information of which KR have reviewed. In performing the analysis, KR
relied on the accuracy, reliability and completeness of all financial information, information on the legal
status of the Company and other information provided to KR by the Company or publicly available and
KR are not responsible for the accuracy of such information. Any changes to the data and information
may materially influence the outcome of KR opinion. KR also relied on assurances from the management
of the Company that they did not know the facts which led to the information given to KR to be incomplete
or misleading. Therefore, KR are not responsible for the changes in the conclusions of KR Fairness
Opinion caused by changes in those data and information.
The Company's consolidated financial projections before and after the Transaction was prepared by the
Company's management. We have reviewed such financial projections, and those financial projections
have described the operating conditions and performance of the Company. Overall, there were not any
significant adjustments to be made to the performance targets of the Company.
KR did not conduct any inspection of the Company's fixed assets or facilities. In addition, KR did not
express any opinion on the tax implications of the Transaction. The services provided by KR in connection
with the Transaction were limited solely to the preparation of the Fairness Opinion and did not constitute
accounting, auditing, or tax advisory services. KR also did not assess the legal validity of the Transaction
or its tax implications. The Fairness Opinion was prepared solely from an economic and financial
perspective. The Fairness Opinion Report constitutes a non-disclaimer opinion and is intended for public
disclosure, except for any confidential information that may affect the Company's operations. In addition,
KR obtained information regarding the legal status of the Company and BMT based on their respective
Articles of Association.
The services performed by KR in connection with the Transaction do not constitute, and should not be
construed as, an audit, review, or the performance of agreed-upon procedures on financial information.
Nor are such services intended to identify deficiencies in internal controls, misstatements or irregularities
in the financial statements, or any violations of applicable laws and regulations. Furthermore, KR does
not have the authority, nor is it in a position, to identify, obtain, or evaluate alternative transactions that
may be available to the Company, or to assess the potential impact of such alternative transactions on the
Transaction under review.
The Fairness Opinion has been prepared based on the prevailing market and economic conditions, general
business and financial conditions, and the applicable government regulations relating to the Transaction
as of the date of issuance of the Fairness Opinion.
In preparing the Fairness Opinion, KR applied several assumptions, such as the fulfillment of all
conditions and obligations of the Company as well as all parties involved in the Transaction. Transaction
15
Page 16
would be executed as described accordingly to a predetermined time period and the accuracy of the
information regarding the Transaction which was disclosed by the Company's management.
The Fairness Opinion should be viewed as a whole and the use of partial analysis and information without
considering other information and analysis as a whole may cause a misleading view and conclusion on
the process underlying the Fairness Opinion. The preparation of the Fairness Opinion was a complicated
process and might not be possible to perform through incomplete analysis.
KR also assumed that from the issuance date of the Fairness Opinion until the execution date of the
Transaction, there were no changes that could materially affect the assumptions used in the preparation
of the Fairness Opinion. KR are not responsible to reaffirm or to supplement or to update KR opinion due
to the changes in the assumptions and conditions as well as events occurring after the letter date. The
calculation and analysis in the Fairness Opinion have been performed properly and KR are responsible
for the fairness opinion report.
The conclusion set out in this Fairness Opinion remains valid provided that no changes occur that would
have a material impact on the Transaction. Such changes include, but are not limited to, changes in the
Company's internal circumstances, as well as external factors such as market and economic conditions,
general business, trade and financial conditions, and applicable Indonesian government laws and
regulations or other relevant regulations after the date of this Fairness Opinion Report. Should any such
changes occur after the issuance of this Fairness Opinion Report, the conclusions expressed in the Fairness
Opinion may no longer be applicable and could differ from those stated herein.
5. Approach and Procedure for Fairness Opinion on the Transaction
In evaluating the Fairness Opinion on the Transaction, we performed analysis through the approaches and
procedures of the Fairness Opinion on the Transaction as follows:
i. Analysis of the Transaction;
ii. Qualitative and quantitative analysis of the Transaction;
iii. Analysis of the fairness on the Transaction.
6. Conclusion
Based on the scope of works, assumptions, data, and information acquired from the Company's
management which was used in the preparation of this fairness opinion report, a review of the financial
impact on the Transaction as disclosed in the fairness opinion report, therefore in KR opinion, the
Transaction is fair.
VII. STATEMENT OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
The Board of Directors and Board of Commissioners of the Company are fully responsible for the accuracy of all
information contained in this Information Disclosure and hereby declare that all material information and facts
relating to the Transaction have been fully disclosed and that there are no other material facts of the Transaction
that have not been disclosed or omitted that could mislead the information in this Information Disclosure.
The Board of Directors and the Board of Commissioners of the Company also stated that the Transaction is not a
Material Transaction, since the value of the Transaction does not exceed 20% (twenty percent) of the Company's
equity value. This Transaction is an Affiliated Transaction, but not a Conflict-of-Interest Transaction, since there
is no difference between the economic interests of the Company and the economic interests of members of the
Board of Directors, members of the Board of Commissioners, and majority shareholders that could harm the
Company.
VIII. ADDITIONAL INFORMATION
To obtain additional information in connection with the Transaction, the shareholders of the Company may contact
the Corporate Secretary of the Company during the working hours of the Company at the address below:
Corporate Secretary
PT Dian Swastatika Sentosa Tbk
Sinar Mas Land Plaza, Tower II, 24th Floor
Jl. M.H. Thamrin No. 51, Central Jakarta 10350, Indonesia
Telephone: +6221 31990258, Facsimile: +6221 31990259
Email: corsec@dss.co.id, Website: www.dssa.co.id
Jakarta, July 1, 2026
Board of Directors of the Company
16
Names mentioned 44 people and organisations named in the text · linked when the evidence is strong
unresolved
person
H. Thamrin
p.1 ×6
unresolved
org
Indonesia Stock Exchange
p.2
unresolved
org
Moore Global Network Limited
p.3
unresolved
org
Minister of Law
p.3
unresolved
org
Minister of Law and Human Rights
p.3
unresolved
org
Minister of Justice
p.3
unresolved
org
Minister of Law and Legislation
p.3
unresolved
org
Financial Services Authority
p.3 ×2
unresolved
org
Bank Indonesia
p.6 ×2
unresolved
person
Desman
· Notaris
p.6 ×3
unresolved
person
Lanawaty Darmadi
· Notaris
p.6 ×15
unresolved
person
Lay Krisnan Cahya
· President Commissioner
p.7 ×2
unresolved
org
PT DSSA Mas Infrastruktur
p.8
unresolved
person
Hermawan Tarjono
· President Commissioner
p.8 ×2
unresolved
person
Sri Hidianingsih Adi Sugijanto
p.9
unresolved
person
Esther Pascalia Ery Jovina
· Notaris
p.9 ×9
unresolved
org
Equimark Investment Holding Ltd
p.9 ×2
unresolved
org
Infinity Investment Holdings Pte. Ltd
p.9
unresolved
person
Yulia
p.10
unresolved
person
Myra Yuwono
p.11
unresolved
person
Daniel Cahya
· President Commissioner
p.12 ×2
unresolved
person
Franky Oesman Widjaja. IV. INDEPENDENT PARTY APPOINTED
p.12 ×2
unresolved
org
Public Appraisal Firm Kusnanto dan Rekan
p.12
unresolved
org
Kusnanto & Rekan
p.13
unresolved
org
Minister of Finance
p.13
unresolved
org
PT Hipernet Indodata
p.13
unresolved
org
XL Axiata Singapore Pte. Ltd.
p.14
unresolved
org
PT Data Enkripsi Informasi Teknologi
p.14
unresolved
org
PT Princeton Digital Group Data Centres.
p.14
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
Rule parser
Needs review
confidence 0.091
6504 ms
12 Sep 2026 21:56
Raw output
{'appraiser_exempt': None,
'appraiser_name': '',
'assets': [],
'currency': None,
'fact_type': '',
'issuer_name': '',
'kind': 'MATERIAL_FACT',
'kjpp_name': '',
'letter_number': '',
'object_text': '',
'object_truncated': False,
'parties': [],
'pct_of_equity': None,
'reference_period': '',
'requires_rups': None,
'rups_date': None,
'ticker': '',
'transaction_date': None,
'valuation_date': None,
'value': None}