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 Mastersjstem                                                                                                         ^M(C         2000   rrtO


              ICT Solutions



                Jakarta, 30 Desember 2024|December 30, 2024
                No: 2024.FA.9864



                PT BURSA EFEK INDONESIA                                    INDONESIA STOCK EXCHANGE
                Dlrektur Penllaian Perusahaan                              Director of Corporate Assessment
                Gedung Bursa Efek Indonesia Tower 1                        Indonesia Stock Exchange Building Tower 1
                Jl. Jend. Sudirman Kav. 52-53                              Jl. Jend. Sudirman Kav. 52-53
                Jakarta 12190                                              Jakarta 12190


                Perihal: Permintaan Penjelasan                             Subject: Explanation Request

                Dengan hormat,                                             Dear Sir,


                Merujuk permintaan penjelasan oleh Bursa Efek              Referring to requestfor explanation by Indonesia
                Indonesia            melalui            surat   No.   S-   Stock Exchange through letter No. S-
                13323/BEI.PP3/12-2024 tanggal 18 Desember                  13323/BEI.PP3/12-2024 dated on December 18,
                2024 perihal Permintaan Penjelasan, kami                   2024 concerning for Request of explanation, we
                sampaikan penjelasan sebagai berikut:                      submit the following explanation:

                B. Laporan Realisasi Penggunaan Dana Hasil                 B. Report on the Realization of the Use of IPO
                IPO                                                        Proceeds


                      1. Terdapat perbedaan antara nilai biaya                 I. There is a difference between the value
                         penawaran umum pada LRPD per 31                          of public offering costs in the LRPD as of
                         Desember 2023 yaitu sebesar Rp22,76                      December 31, 2023, which amounted to
                         miliar sedangkan pada Laporan Arus Kas                   Rp22.76 billion, and the Cash Flow
                         pada Laporan Keuangan Auditan per 31                      Statement in    the     Audited    Financial
                         Desember 2023 sebesar Rp20,39 miliar.                     Statements as of December 31, 2023,
                         Atas    hal   tersebut, agar    dapat                     which amounted to Rp20.39 billion. For
                         menjelaskan beberapa hal berikut:                         this matter, please explain thefollowing:

                            a.    Latar belakang terdapat perbedaan               a. Background of the difference:
                                  tersebut:


                                  Tanggapan:                                           Response:
                                  Perbedaan     atas   nilai  biaya                    The difference in the value of public
                                  penawaran umum pada LRPD per                         offering costs in the LRPD as of
                                  31 Desember 2023 dengan Laporan                      December 31, 2023, with the Cash
                                  Arus Kas pada Laporan Keuangan                       Flow   Statement in      the    Audited
                                  Auditan per 31 Desember 2023                         Financial     Statements     as    of
                                  sebesar Rp 2,37 miliar disebabkan                    December 31, 2023 amounting to Rp
                                  oleh terdapat beberapa biaya                         2.37 billion is due to several public
                                  penawaran umum yang dibayarkan                       offering costs paid before 2023. The
                                  sebelum tahun 2023. Pembayaran                       payment occurred before 2023
                                  yang terjadi sebelum tahun 2023                      because the initial public offering
                                  karena proses penawaran umum                         process ofthe Company's shares had
                                  perdana saham Perseroan telah                        been carried out in 2020, but was
                                  dijalankan pada tahun 2020, akan




PT. MASTERSYSTEM INFOTAMATbk
Sudirman 7.8 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220, INDONESIA.
Phone+6221 39731111 I Fax+6221 39731212
+6221 3973 0808 (Hotline 24 Hours)   www.mastersystem.co.id
Page 2
                                                                                                                        •TM




  M^stersystem                                                                                                            »0P^      200^   30 2T0«


              ICT Solutions



                                  tetapi ditunda              karena   pandemi            postponed due to the Covid-19
                                  Covid-19.                                               pandemic.

                            b. Konfirmasi nilai biaya penawaran                    b. Confirm the correct value of the public
                               umum yang benar.                                       offering fee:

                                  Tanggapan:                                             Response:
                                  Nilai biaya penawaran umum yang                        The value of public offering costs
                                  tertera pada laporan realisasi                         stated in the realization report on the
                                  penggunaan dana adaiah benar,                          use offunds is correct, amounting to
                                  yakni sebesar Rp 22,76 miliar.                         IDR 22.76 billion




                            c.    Dalam        hal terdapat kekeliruan            c.     If there is an error in presenting the
                                  dalam        menyajikan nilai biaya                    value of public offering costs, the
                                  penawaran umum, agar Perseroan                         Company should coordinate with OJK
                                  dapat berkoordinasi dengan OJK                         regarding the resolution of the error
                                  terkait  dengan     penyelesaian                       and the possibility of correcting the
                                  kekeliruan             tersebut        serta           presentation of the value of public
                                  kemungkinan untuk melakukan                            offering costs.
                                  koreksi  penyajian nilai biaya
                                  penawaran umum.


                                  Tanggapan:                                             Response:
                                  Sebagaimana telah diungkapkan                          As disclosed in point l.b above, the
                                  pada point l.b diatas, nilai biaya                     value of public offering cost presented
                                  penawaran umum yang disajikan                          is correct
                                  adaiah benar.


                      2. Sehubungan        dengan    realisasi                   2. In connection with the realization of the
                         penggunaan dana IPO, agar dapat                            use ofIPOfunds, please submit details of
                         disampaikan rincian akun-akun pada                            the accounts in the Financial Statements
                         Laporan Keuangan yang terdampak atas                          that are affected by the realization ofthe
                         realisasi penggunaan dana dengan                              use offunds in the following format.
                         format sebagai berikut.




PT. MASTERSYSTEM INFOTAMATbk
Sudirman 7.8 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220, INDONESIA.
Phone +6221 39731111 I Fax +6221 39731212
+6221 3973 0808 (Hotline 24 Hours)   www.mastersystem.co.id
Page 3
                                                                                                                                  @556£




 M^stersystem                                                                                                           9CK       &200S   27«ffl


              ICT Solutions



                Rencana             Nllal (Rp)/             Utang Bank        Persediaan        Harga Pokok      Beban Gaji
                Penggunaan          Amount(Rp)              (Rp)/             (Rp)/             Penjualan        (Rp)/So/ory
               Dana/                                        Bank Loan (Rp)    Inventory(Rp)     (Rp)/Costof      Expenses(Rp)
               Fund Usage                                                                       Sales(Rp)
               Plan
                Pern baya ran       101.571.991.030         101.571.991.030
                utang
               kepada Bank
               OCBC NISP/
               Payment of
                bank loan to
                BankOCBC
                NISP
                Modal kerja           15.014.696.397                                                             15.014.696.397


                pembayaran
                gaji/
                Working
                capital-
                Salary
                payment
                Modal kerja         450.158.798.703                           450.158.798.703


                pembayaran
                pembelian
                perangkat
                keras dan
                lunak/
                Working
                capital-
                Purchase of
                hardware
                and
                software
                Modal kerja           48.457.629.721                                            48.457.629.721


                pembayaran
                pembelian
                jasa pihak
                ketiga/
                Working
                capital-
                paymentfor
                purchase of
                third party
                services
                Total               615.203.115.851         101.571.991.030   450.158.798.703   48.457.629.721   15.014.696.397




                      3. Berdasarkan tanggapan Perseroan pada                     3. Based on the Company's response
                         saat evaluasi permohonan pencatatan                         during the evaluation of the application
                         saham Perseroan, disampaikan bahwa                          for listing of the Company's shares, it is
                         timeline realisasi modal kerja dilakukan                    submitted that the timeline for the
                                                                                     realization of working capital will be




PT. MASTERSYSTEM INFOTAMATbk
Sudirman 7.8 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220, INDONESIA.
Phone +6221 39731111 I Fax +6221 39731212
+6221 3973 0808 (Hotline 24 Hours) www.mastersystem.co.id
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 Mastersj/stem                                                                                                                      ?T«


             ICT Solutions



                           pada tahun 2023 dan 2024. Agar dapat                carried out in 2023 and 2024. Please
                           dijelaskan beberapa hal berikut:                    explain the following points:

                            a.    Latar     belakang      Perseroan            a. Background The Company realized
                                  merealisasikan seluruh modal kerja                the entire working capitalfor 2023:
                                  untuk tahun 2023:


                                  Tanggapan:                                        Response:
                                  Perseroan        merealisasikan seluruh           The Company realized the entire
                                  modal kerja untuk tahun 2023                      working capital for 2023 due to a
                                  dikarena terdapat kontrak atau                    large number of contracts or orders
                                  pesanan yang cukup banyak darl                    from customers, most of which must
                                  pelanggan yang sebagian besar                     be completed by the Company In
                                  harus diselesaikan pengerjaannya                  2024.
                                  oleh Perseroan di tahun 2024.


                            b. Dampak penggunaan dana untuk                    b. The Impact of using funds for
                               modal kerja yang sudah terealisasi                    working capital that has been fully
                               seluruhnya di 2023 terhadap                           realized In 2023 on the adequacy of
                               kecukupan modal kerja di tahun                        working capital In 2024:
                                  2024:


                                  Tanggapan:                                         Response:
                                  Sesuai dengan tanggapan Perseroan                  In accordance with the Company's
                                  pada point 3.a diatas, sebagian                    response In point 3.a above, part of
                                  pembelian untuk proyek tahun                       the purchase for the 2024 project
                                  2024 telah dilakukan di tahun 2023                 has    been   made     In   2023   In
                                  sehubungan dengan kontrak atau                     connection    with   the contract or
                                  pesanan      yang diterima oleh                    order received by the Company In
                                  Perseroan pada tahun 2023, serta                   2023, and the Company's working
                                  siklus modal kerja Perseroan yang                  capital cycle Is not too long, the
                                  tidak terlalu lama, sisa modal kerja               remaining working capitalfor 2024
                                  tahun 2024 dapat dipenuhi melalui                  can be met through the Company's
                                  pendanaan internal Perseroan dan                   Internalfunding and bank debt.
                                  utang bank.

                            c.    Dalam hal modal kerja di tahun               c.    In the event that the working capital
                                  2024 tercukupi, agar disampaikan                   In 2024 Is sufficient, please explain
                                  sumber pendanaan modal kerja di                    the source of funding for the
                                  tahun 2024:                                        working capital In 2024:

                                  Tanggapan:                                         Response:
                                  Sumber pendanaan modal kerja                       The source of working capital
                                  tahun         2024        adalah   melalui        funding In 2024 Is through the
                                  pendanaan internal Perseroan dan                  Company's Internal funding and
                                  utang bank.                                        bank loan.




PT. MASTERSYSTEM INFOTAMATbk
Sudirman 7.8 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220. INDONESIA.
Phone +6221 39731111 I Fax +6221 39731212
+6221 3973 0808 (Hotline 24 Hours) www.mastersystem.co.id
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                                                                                                                        S55S2




 M^stersystem                                                                                                             TTOS



              ICT Solutions



                     4. Sehubungan dengan penggunaan dana                    In connection with the use offunds for
                        untuk modal kerja untuk pembelian                    working capital for the purchase of
                        perangkat keras dan lunak, agar dapat                hardware and software, please provide
                        disampaikan rincian persedlaan yang                  details of the inventory purchased:
                           dibeli;


               Keterangan/Description                                  Nilai (Rp)/Amount(Rp)
               Perangkat keras / Hardware:
                   1. Perangkat Storage & Server                                                 Rp 185.067.911.341
                   2. Perangkat Network                                                           Rp 95.656.768.059
                   3. Perangkat Secur/ty                                                          Rp 21.908.211.279
               Perangkat lunak / Software:
                   1. Software Load Baiancer                                                      Rp 45.038.649.493
                   2. Software Back up                                                            Rp 35.490.000.000
                   3. Software Security                                                           Rp 25.693.885.999
                   4. Software Storage & Server                                                   Rp 24.500.949.013
                   5. Software Virtualization                                                     Rp 12.298.570.479
                   6. Software Monitoring                                                          Rp 4.503.853.040
                           Total                                                                 Rp 450.158.798.703


                     5. Sehubungan dengan penggunaan dana                 5. In connection with the use offunds for
                        untuk modal kerja untuk pembelian jasa               working capitalfor the purchase of third
                        pihak kebga, agar dapat dijelaskan                   party services, please explain the
                           beberapa hal berikut:                             following points:

                            a. Rincian jasa yang dibeli beserta              a. Details and amount of services
                               nilainya.                                        purchased

               Ketera nga n/Description                                Nilai {Rp)/Amount(Rp)
               lasalServices:
                   1. Warranty Storage & Server                                                   Rp 42.669.575.712
                   2. Warranty Virtualization                                                      Rp 3.091.668.317
                     3.    Warranty Security                                                       Rp 2.696.385.692
                           Total                                                                  Rp 48.457.629.721



                            b. Manfaat atau      kegunaan jasa                    The benefit or usefulness of such
                               tersebut terhadap      pendapatan                  services to the Company's revenue
                               dan/atau operaslonal Perseroan.                    and/or operations.

                                  Tanggapan:                                      Response:
                                  Jasa atau garansi yang dibeli ke                Services or warranties purchased to
                                  vendor adalah sesuai dengan                     vendors are in accordance     with
                                  pesanan yang dibeli oleh pelanggan              orders purchased by customers to
                                  kepada Perseroan.                               the Company.




PT. MASTERSYSTEM INFOTAMATbk
Sudirman 7.8 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220, INDONESIA.
Phone +6221 39731111 I Fax +6221 39731212
+6221 3973 0808 (Hotline 24 Hours) www.mastersystem.co.id
Page 6
                                                                                                                                8S«     &SSSS.




 M^stersystem                                                                                                                    20P9     rr^

             ICT Solutions



               C. Lain-Lain                                                 C. Others


                     1. Rencana           tindakan      korporasi   dalam      1. Corporate action plan within the next 12
                           periode 12 (dua belas) bulan ke depan                  (twelve) months (if any):
                          (jika ada):

                          Tanggapan:                                               Response:
                          Sampai dengan saat ini, Perseroan                        As of now, the Company does not have
                           belum         memiliki       rencana     untuk          any corporate action plan in the near
                           melakukan b'ndakan korporasi dalam                      future which will result in the listing of
                           waktu    dekat, termasuk       rencana                  Company's share in Stock Exchange
                           korporasi yang akan berakibat terhadap
                           pencatatan saham Perseroan di Bursa




                     2. Informasi/ fakta/ kejadian penting                     2. Other important information/ facts/
                        lainnya yang material dan dapat                            events that are material and may affect
                        mempengaruhi harga efek Perseroan                          the price of the Company's securities
                           yang belum diungkapkan kepada publik.                   that have not been disclosed to the
                                                                                   public.

                           Tanggapan:                                              Response:
                           Tidak ada informasi/fakta/kejadian                      There     are    no    other     material
                           penbng lainnya yang material yang                       information/facts/important        events
                           belum diungkapkan kepada publik                          which has not been disclosed to the
                                                                                   public.


               Demikian kami sampaikan penjelasan atas                      We hereby convey our explanation of the
               Realisasi Penggunaan Dana Hasil IPO dan perihal              Realization of the Use ofIPO Proceeds and ather
               lainnya.                                                     matters.


               Atas perhatiannya kami ucapkan terima kasih.                 We thank you for your attention.


                Hormat kami/ Best regards,
                PT Mastersystem Infotama Tbk




                             ^tersystem
                Jeo Halim
                Corporate Secretary




PT. MASTERSYSTEM INFOTAMA Tbk
Sudirman 7.0 Tower 1 25th Floor
Jl. Jend. Sudirman Kav. 7-8 Jakarta 10220, INDONESIA.
Phone+6221 39731111 1 Fax+6221 39731212
+6221 3973 0808 (Hotline 24 Hours) www.mastersystem.co.id

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Names mentioned 6 people and organisations named in the text · linked when the evidence is strong

linked org Bank OCBC NISP p.3
linked org Mastersystem Infotama Tbk p.6 ×5
linked person Jeo Halim · Corporate Secretary p.6
possible org PT BURSA EFEK INDONESIA p.1 ×2
unresolved org INDONESIA STOCK EXCHANGE p.1 ×2
unresolved org PT. MASTERSYSTEM INFOTAMATbk Sudirman p.1 ×5

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