Back to announcement
20260618_PDPP_Laporan Informasi dan Fakta Material_32102110_lamp2.pdf
Other Text extracted PDPPSource file signed link, expires in 15 minutes
Extracted text 16
Page 1
AMENDMENT AND/OR ADDITION TO THE INFORMATION
DISCLOSURE TO SHAREHOLDERS REGARDING THE ADDITION OF
BUSINESS ACTIVITIES OF PT PRIMADAYA PLASTISINDO TBK
This Amendment and/or Addition to the Information Disclosure to Shareholders (the
“Information Disclosure”) is intended to provide an explanation to the Shareholders regarding
the proposed addition of business activities of PT Primadaya Plastisindo Tbk, as well as to
comply with the provisions of Financial Services Authority Regulation No. 17/POJK.04/2020
concerning Material Transactions and Changes in Business Activities (“POJK 17/2020”).
PT Primadaya Plastisindo Tbk
(the “Company”)
Domiciled in Tangerang Regency, Indonesia
Business Activities
Manufacture of plastic products for packaging, manufacture of other plastic products n.e.c.
(not elsewhere classified), wholesale trading of rubber and plastics in primary forms, and
manufacture of soap and household cleaning products
Head Office
Jl. Raya Pasar Kemis No. 84, Sukaharja,
Sindang Jaya District, Tangerang Regency, Banten
Telephone: +62 21 5904 086, 5904 087
Website: www.pt-pdp.com
E-mail: primadaya@pt-pdp.com
s
The Board of Directors of the Company shall be responsible for the accuracy of all information
contained in this Information Disclosure and hereby declares that, to the best of their
knowledge and belief, there is no material information omitted or undisclosed that would
cause this Information Disclosure to be inaccurate and/or misleading.
This Information Disclosure is issued in Tangerang on 22 June 2026.
1
Page 2
INTRODUCTION
This Information Disclosure is made in connection with the Company's proposed change in
business activities through the addition of a new business activity based on the 2025 Indonesian
Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia Tahun 2025)
(“KBLI 2025”) as stipulated in Statistics Indonesia Regulation No. 7 of 2025 concerning the
Indonesian Standard Industrial Classification, namely KBLI 38302 – Plastic Material Recovery
(“KBLI 38302”).
The addition of such business activity forms part of the Company’s business development
efforts to support its business strategy and future business expansion. In relation to the
proposed addition of the aforementioned business activity, pursuant to the provisions of POJK
17/2020, the Company is required to obtain approval from its shareholders through a General
Meeting of Shareholders (“GMS”).
Accordingly, the Company intends to convene a GMS in June 2026 to obtain approval for the
addition of the new business activity. Information regarding the schedule and other important
dates relating to the convening of the GMS will be further disclosed in the final section of this
Information Disclosure.
BRIEF DESCRIPTION OF THE COMPANY
A. Brief History
PT Primadaya Plastisindo Tbk is a public limited liability company duly established and validly
existing under the laws and regulations of the Republic of Indonesia since 2005 pursuant to
Deed of Establishment No. 36 dated 16 September 2005, drawn up before Raden Johanes
Sarwono, S.H., Notary in Jakarta, which was approved by the Minister of Law and Human
Rights of the Republic of Indonesia pursuant to Decree No. C-31640.HT.01.01.TH.2005
dated 29 November 2005, and was subsequently published in the State Gazette of the
Republic of Indonesia No. 21, Supplement No. 11912 dated 13 March 2020 (the “Deed of
Establishment”). The Company is domiciled in Tangerang Regency, Banten Province, and is
engaged in the manufacturing of plastic packaging products and gallon cleaning tissue
products used to support the needs of various industrial sectors.
In line with its business growth, the Company has consistently expanded its operational
capacity and footprint. To date, the Company’s production activities are supported by several
manufacturing facilities strategically located throughout Indonesia, namely in Bandar
Lampung, Binjai, Tangerang, Sukabumi, Cileungsi, and Surakarta (Solo). The distribution of
these manufacturing facilities enables the Company to maintain supply continuity, improve
distribution efficiency, and provide more responsive services to its customers.
Since its establishment, the Company’s Articles of Association have been amended several
times to accommodate business developments and comply with applicable laws and
regulations. The latest amendment was made pursuant to Deed No. 17 dated 18 June 2025,
drawn up before Bastian Harijanto, S.H., M.Kn., Notary in Tangerang City. Such amendment
2
Page 3
was received and recorded in the Legal Entity Administration System of the Ministry of Law
of the Republic of Indonesia pursuant to Receipt Letter No. AHU-AH.01.09-0303914 dated
26 June 2025 and was approved by the Minister of Law of the Republic of Indonesia pursuant
to Decree No. AHU-0041980.AH.01.02.Tahun 2025 dated 26 June 2025.
B. Business Activities
Pursuant to Article 3 of the Company's Articles of Association as set forth in Deed of
Statement of Shareholders' Resolutions No. 17 dated 18 June 2025, drawn up before Bastian
Harijanto, S.H., M.Kn., Notary in Tangerang City, which has been notified to the Ministry of
Law and Human Rights of the Republic of Indonesia pursuant to Receipt of Notification of
Changes in Company Data No. AHU-AH.01.09-0303914 dated 26 June 2025 and approved
by the Ministry of Law of the Republic of Indonesia pursuant to Decree of the Minister of Law
of the Republic of Indonesia No. AHU-0041980.AH.01.02.TAHUN 2025 concerning the
Approval of Amendment to the Articles of Association of PT Primadaya Plastisindo Tbk, the
purposes and objectives of the Company are to engage in the fields of industry, trading,
holding company activities, management consulting activities, and investment. To achieve
such purposes and objectives, the Company has conducted the following business activities:
PRINCIPAL BUSINESS ACTIVITIES
This category includes the manufacture of plastic
packaging products, such as plastic bags and sacks,
Manufacture of
cosmetic packaging, film packaging, pharmaceutical
Plastic Packaging 22220
packaging, food packaging, and other plastic packaging
Products
products (containers, bottles, boxes, crates, racks, and
similar products).
This category includes the manufacture of products not
classified elsewhere, such as office and educational
equipment, medical and laboratory equipment made of
plastic, cellophane film or sheets, artificial stone made of
plastic, plastic signs (non-electrical), various plastic
products including headgear, insulating fittings, parts of
Manufacture of lighting equipment, office and school supplies, articles of
Other Plastic apparel (if sealed or bonded rather than sewn), furniture
Products N.E.C. 22299 fittings, statues, plastic adhesive tapes, plastic wallpaper,
(Not Elsewhere plastic shoe soles, plastic cigar and cigarette holders,
Classified) combs, plastic hair curlers, novelty plastic articles, and
similar products. This category also includes the
manufacture of articles made from plastic foam. The
manufacture of sports equipment is classified under KBLI
32300, the manufacture of plastic toys under KBLI 32402,
and the manufacture of bags, purses, and similar products
made of leather and imitation leather under KBLI 15121.
3
Page 4
Wholesale Trade of
This category includes wholesale trading of rubber and
Rubber and Plastics 46693
plastic materials in primary forms.
in Primary Forms
This category includes the manufacture of soap (other than
soap classified under KBLI 20232) in various forms,
including solid, powder, cream, and liquid soap;
detergents; and other household cleaning products, such
as organic floor cleaners; paper, cotton wool, cloth and
similar materials coated with soap or detergent, including
Manufacture of
wet tissues; crude glycerol; surface cleaning preparations,
Soap and
20231 including liquid and powder detergents, dishwashing
Household
preparations, and fabric softeners; cleaning and polishing
Cleaning Products
products, including air fresheners and room deodorizers,
artificial and processed waxes, polishes and creams for
leather and wood products, glass and metal polishes,
scouring pastes and powders, including paper, cotton wool
and similar materials coated with such scouring
preparations.
SUPPORTING BUSINESS ACTIVITIES
This category includes the processing of oil palm fruit into
Manufacture of
crude palm oil (CPO), which generally requires further
Crude Palm Oil 10431
processing and is typically used as an input by other
(CPO)
industries.
This category includes the provision of advisory, guidance,
and operational assistance services relating to business
operations and organizational and management issues,
including strategic and organizational planning, financial
decision-making, marketing objectives and policies,
Other Management human resource planning and policies, production
Consultancy 70209 scheduling and control, management consulting services
Activities in agriculture and related sectors, accounting methods and
procedures, cost accounting programs, budgetary control
procedures, and advisory services relating to planning,
organization, efficiency improvement, supervision,
management information systems, and infrastructure
investment studies.
This category includes the activities of holding companies,
namely companies that own and control the assets of a
group of subsidiary companies and whose principal activity
Activities of is holding such ownership interests. Holding companies do
64200
Holding Companies not engage in the operational business activities of their
subsidiaries. Activities also include advisory and
negotiation services relating to corporate mergers and
acquisitions.
4
Page 5
Of all business activities set out in the Company’s Articles of Association, the Company is
currently actively engaged in business activities under KBLI 22220 – Manufacture of Plastic
Packaging Products, KBLI 22299 – Manufacture of Other Plastic Products N.E.C. (Not
Elsewhere Classified), and KBLI 20231 – Manufacture of Soap and Household Cleaning
Products. The Company’s products include drinking water gallons, plastic jerry cans, plastic
bottles, plastic screw caps, and cleaning tissues for water gallon containers. These products
are manufactured to meet the needs of the packaging industry and consumers and constitute
the Company’s principal business activities currently being conducted.
C. Capital Structure and Shareholding Composition
Pursuant to Deed of Statement of Shareholders' Resolutions No. 8 dated 10 January 2024,
drawn up before Bastian Harijanto, S.H., M.Kn., Notary in Tangerang City, which has been
notified to the Ministry of Law and Human Rights of the Republic of Indonesia pursuant to
Receipt of Notification of Amendment to the Company's Articles of Association No. AHU-
AH.01.03-0011698 dated 15 January 2024, the capital structure of the Company is as
follows:
Par Value of Rp100 per Share
Description
Number of Shares Share Capital (Rp)
Authorized Capital 8,000,000,000 800,000,000,000
Issued and Paid-up Capital 3,061,341,438 306,134,143,800
Pursuant to the Securities Administration Bureau Letter No. 66/SG-CA/LB-PDPP/VI/2026
dated 4 June 2026 issued by PT Sinartama Gunita, acting as the Company's Securities
Administration Bureau, the composition of the Company's shareholders as of 29 May 2026
was as follows:
Nominal Value Percentage of
Shareholder Number of Shares
(Rp100 per share) Ownership (%)
Tirto Angesty 1.224.536.826 122.453.682.600 40
Lim Kim Guan 336.747.730 33.674.773.000 11
Meng Chun Tsai 244.907.430 24.490.743.000 8
Yu Lin Chan 244.907.365 24.490.736.500 8
Su Mei Tsai Liu 244.907.300 24.490.730.000 8
Sugianto Kusuma 153.067.129 15.306.712.900 5
Lee Bee Teng 153.067.120 15.306.712.000 5
Masyarakat di
459.200.538 45.920.053.800 15
bawah 5%
Total 3.061.341.438 306.134.143.800 100
(Composition of Shareholders as of 29 May 2026)
5
Page 6
D. Board of Directors and Board of Commissioners
The composition of the Board of Directors and Board of Commissioners of the Company as
of 31 December 2025, based on Notarial Deed No. 85 dated 21 June 2023, drawn up before
Yulia, S.H., Notary in South Jakarta, which has been notified to the Ministry of Law and Human
Rights of the Republic of Indonesia pursuant to Receipt of Notification of Changes in
Company Data No. AHU-AH.01.09-0130749 dated 22 June 2023, was as follows:
Board of Directors
President Director : Kennie Angesty
Director : Yu Lin Chan
Director : Lim Kim Guan
Board of Commissioners
President Commissioner : Tirto Angesty
Independent Commissioner : Musa Chandra
EXPLANATION, CONSIDERATIONS, AND RATIONALE FOR THE ADDITION
OF BUSINESS ACTIVITIES
The Company intends to add a new business activity under KBLI 38302 as part of the Company's
business development strategy to strengthen its position in the plastics industry and support
sustainable business activities.
The proposed addition of the business activity is driven by the Company's business
development in plastic material processing and recovery activities, particularly for
Polycarbonate (PC) and Polyethylene Terephthalate (PET) materials, including potential
expansion into other types of materials in accordance with business needs and market
developments.
The development of the plastics industry, both in Indonesia and globally, has demonstrated
increasing attention toward plastic waste management, utilization of recycled materials, and
the implementation of circular economy and sustainability principles. Globally, demand for
recycled plastic materials continues to increase, driven by companies' growing commitment to
Environmental, Social, and Governance (ESG) implementation, the need to incorporate
recycled content into packaging products, and the development of various policies supporting
circular economy initiatives. The Asia Pacific region currently represents the largest market for
recycled plastics, with the packaging segment being one of the major users of recycled
materials.
The Company views these developments as creating business opportunities that are aligned
with its existing experience and capabilities. Since its establishment in 2005, the Company has
been engaged in the plastics industry and has manufactured various products made from
Polycarbonate (PC), Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), and
Polypropylene (PP), including drinking water gallons, bottles, jerry cans, screw caps, and other
plastic products. The Company also has experience in utilizing recycled materials for
Polycarbonate (PC)-based gallon products. In addition, the Company is supported by six
manufacturing facilities with a total area of approximately 8 hectares, approximately 35
production machines for its existing business activities, and 1,345 employees as of 31
6
Page 7
December 2025, providing adequate operational capacity to develop plastic material recovery
activities.
The addition of KBLI 38302 is expected to provide opportunities for the development of new
business lines and revenue streams for the Company through plastic material recovery
activities, which will produce basic materials in the form of PET plastic flakes and PC plastic
pellets. These products are intended to fulfill the needs of various downstream plastic
processing industries, including packaging, plastic components, and other manufacturing
sectors utilizing recycled materials as production inputs.
From an operational perspective, the Company projects production capacity of approximately
5,290 tons to 5,980 tons per year. To support such business activities, the Company has entered
into raw material supply agreements which are expected to support the continuity and
sustainability of material supply. The funding requirements for the development of such
business activities are planned to be financed using the Company's internal funds.
Based on the feasibility study conducted, the addition of this business activity is projected to
provide a positive contribution to the Company's financial performance. With the addition of
KBLI 38302, the average gross profit margin during the projection period is estimated at 17.78%
and the net profit margin at 8.13%, higher than the scenario without the addition of the business
activity, which is projected at 16.89% and 7.31%, respectively. In addition, the feasibility study
indicates a positive Net Present Value (NPV) of Rp18.46 billion, demonstrating that the
proposed addition of the business activity is feasible to be implemented.
The process of adding the new business activity will commence with the fulfillment of the
requirements under POJK 17/2020, including obtaining approval from the GMS. Upon obtaining
such GMS approval, the Company will fulfill all required licenses in accordance with the
prevailing laws and regulations to support the implementation of KBLI 38302.
The licenses and approvals to be obtained by the Company include adjustments to business
licensing through the Online Single Submission (OSS) system, including the update of the
Business Identification Number (Nomor Induk Berusaha/NIB) to include KBLI 38302, fulfillment
of environmental requirements based on the applicable risk level and regulations, as well as
other relevant licenses and/or technical approvals required for the Company's operational
activities, if applicable.
The Company is committed to fulfilling all required licensing requirements prior to commencing
commercial operations of the new business activity. Taking into consideration the industry
development, available market opportunities, the Company's experience and business scale,
availability of raw material supply, internal funding support, and the results of the feasibility
study demonstrating business and financial feasibility, the Company believes that the addition
of KBLI 38302 will support business development and strengthen the Company's long-term
performance.
SUMMARY OF THE FEASIBILITY STUDY ON THE ADDITION OF BUSINESS
ACTIVITIES
A. Identity of the Independent Appraiser
The Company has appointed KJPP Herman Meirizki & Rekan as an independent appraiser
(the “Independent Appraiser”), which has obtained a business license from the Ministry of
7
Page 8
Finance of the Republic of Indonesia pursuant to the Decree of the Minister of Finance No.
66/KM.1/2014 dated 10 February 2014. KJPP Herman Meirizki & Rekan is also registered
with the Financial Services Authority (“OJK”) as a capital market supporting profession firm.
KJPP Herman Meirizki & Rekan is registered as a Capital Market Supporting Profession
(Business Valuer) under Capital Market Supporting Profession Registration Certificate No.
STTD.PB-57/PM.02/2023 and is also registered as a Non-Bank Financial Industry Appraiser
under Registration No. 296/PD.021/STTD-P/2023.
The feasibility study was prepared in accordance with the Indonesian Valuation Standards
(Standar Penilaian Indonesia or “SPI”) Seventh Edition 2018 and its revised editions,
including SPI 300, SPI 310, SPI 320, SPI 321, and SPI 330, and with reference to Financial
Services Authority Regulation No. 35/POJK.04/2020 concerning Valuation and Presentation
of Business Valuation Reports in the Capital Market, Financial Services Authority Regulation
No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities,
and Financial Services Authority Circular Letter No. 17/SEOJK.04/2020.
The appraiser who acted and signed the feasibility study report was Willyams, S.E., MAPPI
(Cert.), a Public Appraiser holding License No. B-1.22.00627 and MAPPI Membership No. 13-
S-04028, who is a Partner of KJPP Herman Meirizki & Rekan under Business License No.
2.14.0120, domiciled in South Jakarta with a working area covering the entire territory of
Indonesia.
B. Summary of the Feasibility Study Report
The following is a summary of the Independent Appraiser’s report as set out in Feasibility
Study Report No. 00022/2.0120-04/BS/04/0627/1/VI/2026 dated 11 June 2026.
1. Purpose and Objective of the Feasibility Study
The purpose and objective of the feasibility study are to provide an opinion on the
feasibility of the proposed addition of KBLI 38302 in accordance with the provisions of
POJK 17/2020.
2. Date of the Feasibility Study
The date of the feasibility study report is 31 December 2025.
3. Scope and Depth of Investigation
The Independent Appraiser was provided with the opportunity to conduct discussions and
interviews with the Company’s management in support of the preparation of the feasibility
study concerning the Company’s proposed addition of KBLI 38302. In the course of the
assignment, the Independent Appraiser conducted an interview with Mr. Dio in his
capacity as the Company’s Corporate Secretary and carried out a site visit to the
Company’s manufacturing facility in Sukabumi, which will support the business activities
under KBLI 38302.
4. Inspection Results
The following information was obtained during the inspection in relation to the proposed
addition of KBLI:
• The Company manufactures various products, including water gallons, jerry cans,
bottles, straws, bottle caps, cleaning tissues, and various other household products;
• The Company has three (3) manufacturing facilities designated to support the
proposed business activity, located in Binjai, Lampung, and Sukabumi;
8
Page 9
• The production process is carried out in accordance with applicable standard
operating procedures, from raw material processing through to finished products;
• The production capacity for PC and PET jugs/gallons is approximately 1,200,000 units
per month;
• During the initial operational stage, manpower requirements are expected to be met
through the optimization of existing resources. Nevertheless, the Company will
continue to ensure the availability of personnel with adequate technical competencies,
including machine operators, technicians, and production support personnel.
5. Assumptions and Limiting Conditions
This feasibility study report is subject to the following assumptions and limiting conditions:
a. This feasibility study report constitutes a non-disclaimer opinion;
b. We have reviewed the documents utilized in the preparation of the feasibility study;
c. The data and information obtained were derived from sources deemed reliable and
credible;
d. The financial projections were prepared by the Company's management and reflect
reasonable assumptions as well as management's ability and commitment to achieve
such projections (fiduciary duty);
e. The Independent Appraiser is responsible for conducting the feasibility study analysis;
f. This feasibility study report is available to the public, except for confidential information
that may affect the Company's operations;
g. The Independent Appraiser is responsible for this feasibility study report and the
conclusions set forth herein;
h. The Independent Appraiser has obtained information regarding the legal status of the
Company from the appointing party based on the Company's legal documents;
i. This feasibility study report has been prepared based on business, economic, and
regulatory conditions generally prevailing as of the date of issuance of this report;
j. The Independent Appraiser assumes that, subsequent to the issuance date of this
feasibility study report, no events or circumstances will occur that could materially
affect the results of the feasibility study. The Independent Appraiser shall not be
responsible for reaffirming or updating its opinion due to changes in assumptions or
conditions occurring after the date of this feasibility study report;
k. The Independent Appraiser has not conducted due diligence on the Company's tax and
legal aspects;
l. The analysis contained in this feasibility study is based on the accuracy, reliability, and
completeness of the data and information provided to the Independent Appraiser by
the Company or the appointing party. The Independent Appraiser assumes that all data
and information provided are true, complete, and not misleading. The Independent
Appraiser shall not be responsible for any undisclosed information, inaccuracies,
incomplete disclosures, or changes to the data or assumptions underlying the
feasibility study that may affect the results thereof;
m. The Independent Appraiser's work relating to this feasibility study does not constitute,
and should not be construed as, a review, audit, or the performance of agreed-upon
procedures with respect to financial information. Such work is not intended to identify
weaknesses in internal controls, errors or irregularities in financial statements, or
violations of laws and regulations.
9
Page 10
6. Subsequent Event
From the date of the feasibility study report up to the date of issuance of this report, there
have been no significant subsequent events that could materially affect the results of the
feasibility study analysis.
7. Independence of the Appraiser
The Independent Appraiser confirms that it has acted independently, has no conflict of
interest, and is not affiliated with any party involved in the engagement. The Independent
Appraiser also has no personal interest or benefit in relation to the engagement. The
professional fees received by the Independent Appraiser are not contingent upon, nor
influenced by, the opinion expressed in this feasibility study report.
8. Conditions for Publication Approval
This feasibility study report is available to the public, except for confidential information
that may affect the Company's operations. Any publication or use of this feasibility study
report for purposes other than those stated in the purpose and objective of the feasibility
study, as well as any use by parties other than the appointing party and the intended users
identified in this report, shall require the prior knowledge and written approval of the
Independent Appraiser. The Independent Appraiser shall not be liable for any present or
future claims arising from the misuse of, or the use of part or all of the information
contained in this feasibility study report for purposes other than those stated herein, or by
parties other than the intended users identified in this feasibility study report.
9. Feasibility Study Methodology
The methods employed in preparing this feasibility study report are as follows:
• Collecting data directly from the Company relating to the Proposed Addition of KBLI,
including corporate identity, licenses, business plans, and other relevant information;
• Conducting interviews with the Company regarding the Proposed Addition of KBLI;
• Performing Market Feasibility Analysis, Technical Feasibility Analysis, Business Model
Feasibility Analysis, Management Model Feasibility Analysis, and Financial Feasibility
Analysis;
• Conducting a feasibility assessment of the subject matter of the feasibility study using
Net Present Value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), and
Return on Investment (ROI) indicators;
• Formulating conclusions regarding the feasibility of the proposed addition of business
activities.
10. Feasibility Study Analysis
Based on the analyses and methodology applied, the following conclusions were reached:
1. Based on the review of the legal and regulatory aspects, the Company has obtained the
necessary fundamental licenses and permits and is in compliance with the prevailing
laws and regulations. The Proposed Addition of KBLI may be implemented through
administrative adjustments within the Online Single Submission (OSS) system without
requiring any material additional licenses. Furthermore, the Company has obtained
Global Recycled Standard (GRS) certification, which reinforces its compliance with
international standards. Accordingly, the legal and regulatory aspects are considered
satisfactory and do not constitute an obstacle to the implementation of the Company’s
proposed business activity;
10
Page 11
2. Based on the market feasibility analysis, the Proposed Addition of KBLI demonstrates
favorable and sustainable prospects, supported by increasing demand for recycled
plastic materials and broad market coverage. The marketing strategy adopted by the
Company is considered adequate to support market penetration and maintain demand
stability. Accordingly, the proposal is deemed feasible from a market perspective;
3. Based on the technical feasibility analysis, the Company possesses sufficient
operational capacity, raw material availability, and human resources to support the
implementation of plastic material recovery activities. Supported by integrated
production facilities, extensive experience in the plastics industry, and a gradual
capacity development approach, the technical aspect is considered feasible and free
from any material constraints that could hinder the implementation of the proposed
business activity;
4. Based on the business model feasibility analysis, the Company possesses adequate
competitive advantages, supported by its industry experience, ability to maintain
product quality and supply continuity, and potential integration within the value chain.
In addition, the proposed business activity enables the Company to generate both
economic value and sustainability benefits. Accordingly, the Company’s business
model is considered feasible and possesses sustainable growth potential;
5. Based on the management model feasibility analysis, the Company has adequate and
adaptive human resource planning to support the development of the proposed
business activity. Workforce requirements can be met through the optimization of
existing resources and the gradual recruitment of additional personnel in line with
operational developments. Supported by competency enhancement programs through
training initiatives, the management aspect is considered feasible and free from any
material constraints that could impede the implementation of the Company’s
proposed business activity. The Company has also implemented mitigation measures
to address risks that may affect its operational performance;
6. Based on the financial feasibility analysis, the Proposed Addition of KBLI will generate
a positive Net Present Value (NPV), while the Internal Rate of Return (IRR) exceeds the
Weighted Average Cost of Capital (WACC). The Discounted Payback Period (DPP)
analysis indicates that the discounted investment payback period will be achieved
within 1 year and 4 months. The Profitability Index (PI) analysis demonstrates that the
present value of cash inflows exceeds the present value of cash outflows, while the
Return on Investment (ROI) analysis indicates that the proposed business activity will
generate returns for the Company.
11. Conclusion
Based on the review, evaluation, market feasibility analysis, technical feasibility analysis,
business model feasibility analysis, management model feasibility analysis, financial
feasibility analysis, and other relevant projections, provided that the underlying
assumptions can be satisfied, it may be concluded that the proposed addition of business
activities is feasible to implement.
11
Page 12
AVAILABILITY OF QUALIFIED PERSONNEL IN CONNECTION WITH THE
PROPOSED ADDITION OF BUSINESS ACTIVITIES
The Company has adequate human resources to support the implementation of the proposed
addition of business activities under KBLI 38302. Based on the data as of 31 December 2025,
the Company has 1,345 employees, consisting of 125 permanent employees and 1,220 non-
permanent employees. The Company’s extensive experience in the plastic industry serves as a
foundation supporting the readiness of its human resources in carrying out the business activity
of plastic material recovery.
In implementing the KBLI 38302 business activity, the Company will optimize its existing internal
experts and workforce. Therefore, at the initial stage of the implementation of such business
activity, the Company does not require significant additional manpower. The operational
activities will be led by an expert serving as the Production Manager under the coordination and
supervision of the Factory Manager. In addition, the Company is supported by personnel with
competencies in occupational health and safety (“OHS”) to ensure that operational activities
are carried out in accordance with applicable safety standards.
The Company has appointed Mr. Johari as an internal expert to support the implementation of
the KBLI 38302 business activity. He has been serving as the Company’s Production Manager
since 2022 and is responsible for managing production processes, operation of production
machinery and equipment, quality control, maintenance of production facilities, and
improvement of operational efficiency. Prior to joining the Company, he served as Engineering
Manager at PT Tang Mas from 2003 to 2022 and as Engineering & Production Supervisor at PT
Sarva Jaya Manggala from 1999 to 2003. With more than 25 years of experience in plastic
manufacturing, engineering, and production process management, he possesses adequate
knowledge and expertise regarding plastic material characteristics, operation and maintenance
of production machinery, quality control, and manufacturing process development. Based on
such experience and competency, the Company considers Mr. Johari to have adequate
capability to support the implementation of the plastic material recovery business activity under
KBLI 38302.
In connection with the implementation of the KBLI 38302 business activity, the Company does
not require experts with specific professional certifications or certain technical certifications
that are mandatory under the prevailing laws and regulations. The business activity is primarily
supported by operational experience, technical competency in plastic manufacturing and
processing, production process expertise, as well as the implementation of quality control and
safety standards that have been established by the Company. Therefore, the experience and
competency possessed by the Company’s internal experts are considered sufficient to support
the implementation of such business activity.
At the initial operational stage, the KBLI 38302 business activity will be supported by 1 (one)
expert, namely Mr. Johari as the Production Manager, as well as approximately 42 to 52
employees, all of whom are existing employees of the Company. The workforce composition
consists of approximately 2 (two) production supervisors, 2 (two) logistics & supply chain
personnel, 2 (two) leaders, 30 to 40 operators, 2 (two) quality control (“QC”) personnel, and 4
(four) maintenance personnel. Such workforce composition is considered adequate to support
plastic material recovery activities in accordance with the planned production capacity.
12
Page 13
From the competency perspective, the workforce involved in this business activity has relevant
educational background, skills, and experience in plastic manufacturing and processing
activities. The Company also has experience in utilizing recycled Polycarbonate (“PC”) material
for gallon production, processing internal scrap materials, conducting recycling process trials,
and producing and marketing products containing recycled content. Such experience provides
the Company with the operational knowledge and capabilities required to develop the plastic
material recovery business activity.
In addition to optimizing its existing human resources, the Company will continue to improve
competency through training and skill development programs relevant to operational
requirements. Along with the future development of the business activity, the Company will
periodically evaluate manpower requirements and may gradually add personnel if necessary.
With the experience, competency, and human resources capacity currently available, the
Company believes that the requirements for experts and workforce to support the
implementation of the KBLI 38302 business activity can be adequately fulfilled.
IMPACT OF THE ADDITION OF BUSINESS ACTIVITIES ON THE COMPANY’S
FINANCIAL CONDITION
The proposed addition of business activities under KBLI 38302 is projected to have a positive
impact on the Company’s financial condition. To support the implementation of such business
activity, the Company will gradually invest in additional machinery and equipment with a total
estimated value of approximately Rp7.50 billion, consisting of Rp3.00 billion in 2026 and Rp4.50
billion in 2028. The entire investment requirement will be financed using the Company’s internal
funds. The relatively limited investment value is made possible as most of the production
equipment will be manufactured and assembled internally by the Company.
Based on the financial projections in the Feasibility Study, the addition of business activities is
projected to increase the Company’s consolidated revenue from Rp576.61 billion in 2026 to
Rp709.71 billion in 2030, compared to the projection without the addition of business activities
of Rp571.84 billion in 2026 and Rp681.24 billion in 2030. Accordingly, the additional revenue
generated from the new business activity is projected to increase from Rp4.77 billion in 2026 to
Rp28.47 billion in 2030.
From the cost perspective, the average percentage of cost of revenue to net revenue with the
addition of business activities is projected at 82.22%, lower than 83.11% without the addition
of business activities. Meanwhile, the additional operating expenses arising from such business
activity are relatively limited and are projected to range from Rp30.71 million to Rp172.46
million per year during the projection period. This condition indicates that the addition of
business activities has the potential to contribute positively to operational efficiency and
improvement of the Company’s profitability.
From the net profit perspective, the Company is projected to record net profit of Rp41.64 billion
in 2026, increasing to Rp65.89 billion in 2030, compared to the projection without the addition
of business activities of Rp39.70 billion in 2026 and Rp54.07 billion in 2030. Accordingly, the
new business activity is projected to contribute additional net profit of approximately Rp1.95
billion in 2026, increasing to Rp11.82 billion in 2030.
The improvement in performance is also reflected in the Company’s profitability ratios, where
the average gross profit margin during the projection period is projected to increase from 16.89%
13
Page 14
to 17.78%, net profit margin from 7.31% to 8.13%, return on investment from 6.04% to 6.74%,
and return on equity from 8.16% to 9.06%.
From the financial position perspective, the Company’s total assets are projected to increase
from Rp689.60 billion in 2026 to Rp887.04 billion in 2030. Total equity is also projected to
increase from Rp474.12 billion in 2026 to Rp695.41 billion in 2030, mainly driven by an increase
in retained earnings from Rp115.25 billion to Rp336.54 billion during the projection period.
Meanwhile, total liabilities are projected to remain at a manageable level, thereby supporting the
Company’s healthy capital structure.
In addition, the financial feasibility analysis indicates positive investment indicators, as reflected
by an Incremental Net Present Value (“NPV”) of Rp18.46 billion, Discounted Payback Period
(“DPP”) of 1.36 years, Profitability Index (“PI”) of 3.11 times, and Internal Rate of Return (“IRR”)
of 293.24%, which is higher than the Weighted Average Cost of Capital (“WACC”) of 8.32%.
Based on the projections and analyses above, the Company believes that the addition of
business activities under KBLI 38302 will provide a positive contribution to revenue growth,
improvement of net profit and profitability, strengthening of the Company’s financial position,
and creation of long-term added value for the Company and its shareholders.
OTHER MATERIAL INFORMATION RELATED TO THE BUSINESS ACTIVITIES
There are no other material matters related to the proposed addition of business activities.
INFORMATION ON THE GENERAL MEETING OF SHAREHOLDERS
To comply with the requirements of POJK 17/2020 in connection with the proposed addition of
business activities, the Company intends to seek approval from its Shareholders at a General
Meeting of Shareholders (“EGMS”) to be held on Wednesday, 24 June 2026. The Company will
seek such approval in accordance with the provisions of POJK 17/2020, POJK 15/2020, POJK
14/2025, and the Articles of Association of the Company. In connection with the proposed
addition of business activities, the Company also intends to seek Shareholders’ approval at the
same EGMS for the amendment of Article 3 of the Company's Articles of Association concerning
its purposes and objectives as well as business activities. Such proposal is included in the sixth
agenda item of the GMS, namely: Discussion of the feasibility study concerning the change
in the Company's Business Activities; and Approval of the amendment and adjustment of
Article 3 of the Company's Articles of Association concerning the Company's Purposes and
Objectives as well as Business Activities.
The important dates relating to the convening of the Company's GMS are as follows:
Activity Date
Notification of GMS Agenda 7 May 2026
GMS Announcement 18 May 2026
Recording Date – Register of Shareholders 29 May 2026
GMS Convocation 2 June 2026
GMS 24 June 2026
Announcement of the Summary Minutes of GMS 26 June 2026
14
Page 15
In connection with the foregoing, the quorum requirements for attendance and resolutions of
the GMS are as follows:
a. The GMS may be convened if attended by shareholders representing at least two-thirds (2/3)
of the total shares with valid voting rights;
b. The resolutions of the GMS as referred to in point (a) shall be valid if approved by more than
two-thirds (2/3) of the total shares with voting rights present at the GMS;
c. If the quorum requirement referred to in point (a) is not achieved, a second GMS may be
convened, provided that such second GMS shall be valid and entitled to adopt resolutions if
attended by shareholders representing at least three-fifths (3/5) of the total shares with valid
voting rights, unless the Company's Articles of Association require a higher quorum;
d. Resolutions of the second GMS shall be valid if approved by more than one-half (1/2) of the
total shares with voting rights present at the GMS; and
e. If the attendance quorum for the second GMS as referred to in point (c) is not achieved, a
third GMS may be convened, provided that such third GMS shall be valid and entitled to adopt
resolutions if attended by shareholders holding shares with valid voting rights in accordance
with the attendance quorum and resolution quorum determined by the OJK upon the
Company's application.
The Company also refers to the provisions of Article 26 of POJK 17/2020, which stipulate that,
in essence, if the proposed change of business activities does not obtain approval from the GMS,
the same proposed change of business activities may only be resubmitted for approval at a GMS
after a minimum period of 12 (twelve) months from the convening date of such GMS.
ADDITIONAL INFORMATION
If further information is required, please contact the Company during business days and
working hours (Monday–Friday, 08:00 AM – 05:00 PM Western Indonesia Time), at the
following address:
PT Primadaya Plastisindo Tbk
Jl. Raya Pasar Kemis No. 84, Sukaharja,
Sindang Jaya District, Tangerang Regency, Banten
Telephone: +62 21 5904 086, 5904 087
Website: www.pt-pdp.com
E-mail: corsec@pt-pdp.com
15
Page 16
Names mentioned 26 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.1 ×5
unresolved
person
Raden Johanes Sarwono
· Notaris
p.2
unresolved
org
Minister of Law and Human Rights
p.2
unresolved
person
Bastian Harijanto
· Notaris
p.2 ×5
unresolved
org
Ministry of Law
p.3 ×2
unresolved
org
Minister of Law
p.3 ×2
unresolved
org
Ministry of Law and Human Rights
p.3 ×3
unresolved
person
Yulia
· Notaris
p.6
unresolved
org
KJPP Herman Meirizki & Rekan
p.7 ×4
unresolved
org
KJPP Herman Meirizki
p.7 ×4
unresolved
org
Minister of Finance
p.8
unresolved
person
Willyams
p.8
unresolved
person
Dio
p.8
unresolved
person
Johari
p.12 ×3
unresolved
org
PT Tang Mas
p.12
unresolved
org
PT Sarva Jaya Manggala
p.12
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.