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AMENDMENT TO THE DISCLOSURE OF INFORMATION
IN RELATION TO THE ADDITION OF BUSINESS ACTIVITIES OF PT RESOURCE ALAM INDONESIA TBK
IN THE FORM OF WAREHOUSING AND STORAGE, OTHER ACCOMMODATION, TOURISM AREA
DEVELOPMENT, TOURISM INFORMATION SERVICES, AND TOURIST ATTRACTION INFORMATION SERVICES
(DISCLOSURE)
NO. 019/RAIN/VI/C/2026
THIS DISCLOSURE IS MADE AND DISCLOSED TO SHAREHOLDERS OF THE COMPANY IN ORDER TO COMPLY
WITH THE RESULTS OF THE REVIEW CONDUCTED BY THE FINANCIAL SERVICES AUTHORITY AS SET OUT IN
LETTER NO. S-123/PM.212/2026 DATED 26 MAY 2026 REGARDING THE DISCLOSURE OF INFORMATION ON
THE ADDITION OF BUSINESS ACTIVITIES AS REQUIRED UNDER FINANCIAL SERVICES AUTHORITY
REGULATION NO. 17/POJK.04/2020 CONCERNING MATERIAL TRANSACTIONS AND CHANGES IN BUSINESS
ACTIVITIES (POJK 17/2020)
PT RESOURCE ALAM INDONESIA TBK (the Company)
Domiciled in Central Jakarta, Indonesia
Line of Business:
Mining and Extraction, Wholesale and Retail Trading, Real Estate, Financial and Insurance Activities,
Processing Industry, and Transportation and Warehousing
Head Office:
Bumi Raya Group Building
Jl. Pembangunan I No. 03, Petojo Utara, Gambir, Jakarta Pusat 10190
Telephone: (021) 633 3036 (Hunting) (021) 3952 5530
Facsimile: (021) 633 7006
E-mail: info@raintbk.com, lenny @raintbk.com
Website: www.raintbk.com
The Board of Directors and the Board of Commissioners of the Company, both individually and collectively, bear full
responsibility for the accuracy and completeness of the information disclosed herein. After conducting thorough research,
they affirm that the information contained herein is accurate and that there are no significant and relevant facts that have
not been disclosed or omitted, which could render the information provided in this Disclosure to be inaccurate and/or
misleading.
If you have any difficulty understanding the information provided in this Disclosure, it is advisable to consult with a legal
advisor, public accountant, financial advisor, or other professionals.
This Amendment to the Disclosure is issued in Jakarta on 15 June 2026 and forms an integral and
inseparable part of the Disclosure that was previously issued by the Company on 11 May 2026.
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I. FOREWORD
This Disclosure to the shareholders of the Company is made in connection with the Companys plan to
change its business activities through the addition of several Indonesian Standard Industrial
Classification (Klasifikasi Baku Lapangan Usaha Indonesia or KBLI) codes, as described in this Disclosure
(the Change in Business Activities).
In connection with the matters set out above, the Board of Directors of the Company hereby
announces this Disclosure through the Companys website and the IDX website, with the intention of
providing more comprehensive information and an overview to the shareholders of the Company
regarding the proposed Change in Business Activities, as regulated under Article 27 paragraph (1) of
POJK No. 17/2020. The Company also provides supporting data regarding the change in business
activities to shareholders as of the date of the announcement of the General Meeting of Shareholders
(GMS), as well as supporting documents to the Financial Services Authority, in accordance with the
provisions set out under Article 22 paragraph (1) letter c of POJK No. 17/2020.
This Disclosure is intended to provide the shareholders of the Company with information for their
consideration in approving the proposed Change in Business Activities of the Company, which must
first obtain the approval of the General Meeting of Shareholders. Pursuant to the request of the
Financial Services Authority as set out in Letter No. S-123/PM.212/2026 dated 26 May 2026, the
agenda item relating to the proposed Change in Business Activities of the Company may not be
combined with the agenda of the Annual General Meeting of Shareholders (AGMS) planned to be held
on 18 June 2026. Accordingly, the proposed Change in Business Activities of the Company, together
with the corresponding amendments to the purpose and objectives as well as the business activities
of the Company as set out in its Articles of Association, including the discussion of the Feasibility Study
relating to the proposed Change in Business Activities of the Company, will be discussed and resolved
under a separate agenda item at an Extraordinary General Meeting of Shareholders (EGMS), which is
planned to be held on the same date following the conclusion of the AGMS on 18 June 2026. The
schedule and agenda of the AGMS itself remain unchanged, except for the removal of the agenda item
relating to the proposed Change in Business Activities of the Company.
In connection with the proposed Change in Business Activities of the Company, as of the date of this
Disclosure, the Company does not yet have any plan to implement or actively conduct the new
business activities under the added KBLI codes in the near future. At this stage, the Change in Business
Activities is primarily undertaken to align the Companys business licensing with its existing warehouse
leasing activities and to support the certification process of the Companys land assets located in areas
designated for tourism purposes.
Should the Company decide in the future to implement and commercially conduct the new business
activities under the added KBLI codes, the Company will first undertake further assessment and
evaluation, including the preparation of a business feasibility study in accordance with the applicable
regulations, and provide the required disclosures to shareholders and/or the public in accordance with
the prevailing capital market laws and regulations.
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II. BRIEF DESCRIPTION OF THE COMPANY
1. Brief History
The Company is a public limited liability company established under the laws of the Republic
of Indonesia, domiciled in Central Jakarta, and pursuant to its articles of association, is
authorized to engage in business activities in the fields of Mining and Extraction, Wholesale
and Retail Trading, Real Estate, Financial and Insurance Activities, Processing Industry, and
Transportation and Warehousing.
The Company was initially established under the name PT Kurnia Kapuas Utama Glue
Industries, as set forth in Deed No. 32 dated 8 July 1981, drawn up before Didi Sudjadi, S.H., a
Notary in Jakarta. The deed of establishment was approved by the Minister of Justice of the
Republic of Indonesia pursuant to Decree No. Y.A.5/27/4 dated 16 March 1982 and was
published in the State Gazette of the Republic of Indonesia No. 40 dated 20 May 1986,
Supplement No. 690. Subsequently, the Company has undergone several amendments,
including a change of name to PT Kurnia Kapuas Utama Tbk.
Based on the Deed of Resolutions of the Extraordinary General Meeting of Shareholders of PT
Kurnia Kapuas Utama Tbk No. 15 dated 5 September 2003, drawn up before Elisabeth
Veronika Ely, S.H., a Notary in Pontianak, the Companys name was changed from PT Kurnia
Kapuas Utama Tbk to PT Resource Alam Indonesia Tbk. The deed was approved by the
Minister of Justice and Human Rights of the Republic of Indonesia pursuant to Decree No. C-
27044.HT.01.04.TH.2003 dated 12 November 2003 and was published in the State Gazette of
the Republic of Indonesia No. 50 dated 22 June 2004, Supplement No. 5984.
The Companys Articles of Association have been amended several times, with the latest
amendment set forth in the Deed of Meeting Resolutions of PT Resource Alam Indonesia Tbk
No. 21 dated 17 June 2025, drawn up before Rini Yulianti, S.H., a Notary in East Jakarta, which
has been duly notified and recorded by the Ministry of Law and Human Rights of the Republic
of Indonesia based on Letter No. AHU-AH.01.03.0161492 dated 18 June 2025 concerning
Receipt of Notification of Amendment to the Articles of Association and Letter No. AHU-
AH.01.09-0299840 dated 18 June 2025 concerning Receipt of Notification of Amendment to
Company Data.
2. Purpose and Objectives of Business Activities
In accordance with Article 3 paragraph (1) of the Companys Articles of Association, the
purposes and objectives of the Company are to engage in business activities in the following
sectors:
a. Mining and Extraction
b. Wholesale and Retail Trading
c. Real Estate
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d. Financial and Insurance Activities
e. Processing Industry
f. Transportation and Warehousing
Furthermore, in order to achieve its purposes and objectives, the Company may carry out the
Main Business Activities and Supporting Business Activities as stipulated in Article 3 paragraph
(2) of the Companys Articles of Association, as follows:
Main Business Activities:
a. Coal Mining (KBLI 05100)
b. Wholesale Trade of Solid, Liquid and Gaseous Fuels and Related Products (KBLI 46610)
c. Own or Leased Real Estate (KBLI 68111)
d. Holding Company Activities (KBLI 64200)
Supporting Business Activities:
a. Laminated Plywood Manufacturing, Including Decorative Plywood (KBLI 16212)
b. Other Mining and Excavation Support Activities (KBLI 09900)
c. Motorized Freight Transport for General Goods (KBLI 49431)
d. Domestic Sea Freight Transport for Special Goods (KBLI 50133)
e. Motorized Freight Transport for Special Goods (KBLI 49432)
f. Other Supporting Transportation Activities n.e.c. (KBLI 52299)
3. Capital Structure and Shareholding Composition
The Companys capital structure is as follows:
Information Number of Shares Nominal Value Total Nominal Value
per Share (IDR) (IDR)
Authorized Capital 20,000,000,000 200,000,000,000
Issued and Paid-up 10
5,000,000,000 50,000,000,000
Capital
Based on Deed No. 14 dated 12 December 2025, the shareholding composition of the
Company is as follows:
No. Shareholder Number of Percentage Paid-up Capital
Shares (%) (IDR)
1. PT SEJAHTERA JAYA CITA 1,391,585,329 27.83 13,915,853,290
2. BOS LTD S/A SINAR 413,611,772 8.27 4,136,117,720
NUSANTARA SDN. BHD.
3. UBS AG SINGAPORE S/A 1,855,447,105 37.11 18,554,471,050
ENERGY COLLIER PRIVATE LTD.
4. LX INTERNATIONAL 260.372,700 5.21 2,603,727,000
(SINGAPORE) PTE. LTD.
5. Public (Others) 1,078,983,094 21.58 10,789,830,940
TOTAL 5.000.000.000 100 50,000,000,000
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4. Composition of the Board of Directors and the Board of Commissioners of the Company
Based on the Deed of Meeting Resolutions of PT Resource Alam Indonesia Tbk No. 15 dated
12 December 2025, drawn up before Rini Yulianti, S.H., a Notary in East Jakarta, which has
obtained the Receipt of Notification of Amendment to the Articles of Association from the
Ministry of Law and Human Rights of the Republic of Indonesia pursuant to Letter No. AHU-
AH.01.09-0369350 dated 3 February 2026, the composition of the Companys supervisory and
management bodies is as follows:
Pintarso Adijanto : President Director
Agoes Soegiarto Soeparman : Director
Wimpi Salim : Director
Winanto : Director
Eddy : Director
Tan Ying Mei : Director
Hendro Martowadojo : President Commissioner
Suparno Adijanto : Commissioner
Ge Luiyanto Yamin : Independent Commissioner
Wonchil Yu : Commissioner
Darma Putra Wati : Independent Commissioner
5. Controlling Shareholders of the Company
The institutional controlling shareholder of the Company is PT Sejahtera Jaya Cita, holding
1,391,585,329 shares, representing 27.8% of the total issued and fully paid-up shares in the
Company.
The individual controlling shareholders of the Company are Pintarso Adijanto and Suparno
Adijanto, and the Ultimate Beneficial Owners of the Company are the Adijanto Family,
represented by Pintarso Adijanto and Suparno Adijanto.
III. SUMMARY OF THE FEASIBILITY STUDY ON THE CHANGE IN BUSINESS ACTIVITIES
1. Summary of the Appraisers Report
In connection with the proposed Change in Business Activities of the Company through the
addition of KBLI codes, the Company has appointed an Independent Appraiser registered with
the Ministry of Finance, namely KJPP Felix Sutandar dan Rekan (the Appraiser), as an
independent appraiser to provide an opinion on the proposed addition of the new KBLI codes.
The following is a summary of the feasibility study report based on Report Ref. No.
00267/2.0072-00/BS/04/0022/1/IV/2026 dated 24 April 2026, as revised by Report Ref. No.
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00363/2.0072-00/BS/04/0022/1/VI/2026 dated 2 June 2026 (the Feasibility Study Report).
The Feasibility Study Report has been prepared in accordance with POJK No. 35/POJK.04/2020
on Business Valuation and the Presentation of Business Valuation Reports in the Capital
Market and SEOJK No. 17/SEOJK.04/2020 on Guidelines for Business Valuation and the
Presentation of Business Valuation Reports in the Capital Market.
2. Purpose and Objectives
The purpose and objective of the Feasibility Study on the proposed Change in Business
Activities of the Company is to conduct an analysis and assessment of the feasibility of the
proposed Change in Business Activities of the Company in order to comply with POJK No.
17/2020 on Material Transactions and Changes in Business Activities.
Currently, the Main Business Activities of the Company as stipulated in its Articles of
Association are as follows:
a. Coal Mining (KBLI 05100)
b. Wholesale Trade of Solid, Liquid and Gaseous Fuels and Related Products (KBLI 46610)
c. Own or Leased Real Estate (KBLI 68111)
d. Holding Company Activities (KBLI 64200)
Furthermore, the Supporting Business Activities of the Company as stipulated in its Articles of
Association are as follows:
a. Laminated Plywood Manufacturing, Including Decorative Plywood (KBLI 16212)
b. Other Mining and Excavation Support Activities (KBLI 09900)
c. Motorized Freight Transport for General Goods (KBLI 49431)
d. Domestic Sea Freight Transport for Special Goods (KBLI 50133)
e. Motorized Freight Transport for Special Goods (KBLI 49432)
f. Other Supporting Transportation Activities n.e.c. (KBLI 52299)
The Company plans to add several supporting KBLI codes in order to support its Main Business
Activity in Own or Leased Real Estate (KBLI 68111), as follows:
No. KBLI Code Description
1. 52101 Warehousing and Storage
2. 55900 Other Accommodation
3. 68120 Tourism Area Development
4. 79911 Tourism Information Services
5. 79912 Tourist Attraction Information Services
With the addition of these 5 (five) supporting KBLI codes, the Companys Supporting Business
Activities will be amended in their entirety as follows:
a. Laminated Plywood Manufacturing, Including Decorative Plywood (KBLI 16212)
b. Other Mining and Excavation Support Activities (KBLI 09900)
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c. Motorized Freight Transport for General Goods (KBLI 49431)
d. Domestic Sea Freight Transport for Special Goods (KBLI 50133)
e. Motorized Freight Transport for Special Goods (KBLI 49432)
f. Other Supporting Transportation Activities n.e.c. (KBLI 52299)
g. Warehousing and Storage (KBLI 52101)
h. Other Accommodation (KBLI 55900)
i. Tourism Area Development (KBLI 68120)
j. Tourism Information Services (KBLI 79911)
k. Tourist Attraction Information Services (KBLI 79912)
3. Date of the Feasibility Study
The cut-off date of this Feasibility Study Report is 31 December 2025. The selection of the
Feasibility Study date is based on the purpose of the study, the applicable regulations, and the
availability of data.
4. Assumptions and Limiting Conditions
a. This Feasibility Study constitutes a non-disclaimer opinion.
b. The Business Appraiser has reviewed the documents used in the Feasibility Study
process.
c. The data and information obtained are derived from sources considered reliable and
accurate.
d. The financial projections used have been adjusted and reflect the reasonableness of the
projections prepared by management, taking into account their achievability.
e. The Business Appraiser is responsible for the conduct of the Feasibility Study and the
reasonableness of the financial projections.
f. This Feasibility Study Report is open to the public, except for any confidential
information that may affect the Companys operations.
g. The Business Appraiser is responsible for the Feasibility Study Report and its final
conclusion.
h. The Business Appraiser has obtained information on the legal status of the Feasibility
Study object from the engaging party.
5. Methodology
The procedures used in the Feasibility Study analysis are as follows
a. Market feasibility
b. Technical feasibility
c. Business model feasibility
d. Management model feasibility
e. Financial feasibility
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6. Opinion on the Feasibility of the Addition of Business Activities
a. Based on the market feasibility analysis, the addition of KBLI codes will not result in any
changes to the Companys market share, market potential, or market value potential, as
it does not lead to any changes in the Companys future operational activities. The
proposed addition of KBLI codes is solely intended to align the legal aspects of the
Companys existing warehouse leasing activities and land certification process pursuant
to Government Regulation No. 20 of 2021, as amended by Government Regulation No.
48 of 2025.
b. Based on the technical feasibility analysis, it is indicated that from a legal standpoint,
the addition of KBLI codes will ensure that the Companys future licensing in relation to
its KBLI codes is aligned with its existing business activities. In addition, the addition of
KBLI codes will enable the Company to continue the land certification process for land
located within tourism zones pursuant to Government Regulation No. 20 of 2021, as
amended by Government Regulation No. 48 of 2025.
c. Based on the business model feasibility analysis, the addition of business activities will
not result in any changes to the Companys business model, as it does not affect the
Companys future operational activities. The proposed addition of KBLI codes is solely
intended to align the legal aspects of the Companys existing warehouse leasing activities
and land certification process pursuant to Government Regulation No. 20 of 2021, as
amended by Government Regulation No. 48 of 2025.
d. Based on the management model feasibility analysis, the addition of business activities
will not result in any changes to the Companys management model, as it does not affect
the Companys future operational activities. The proposed addition of KBLI codes is
solely intended to align the legal aspects of the Companys existing warehouse leasing
activities and land certification process pursuant to Government Regulation No. 20 of
2021, as amended by Government Regulation No. 48 of 2025.
e. Based on the financial feasibility analysis, the addition of KBLI codes is considered
feasible as it provides quantitative benefits, namely an increase in net profit of USD
213,900 in 2026, USD 2,858,424 in 2027, and USD 238,255 annually during 2028–2030,
compared to the scenario without the addition of KBLI codes.
7. Conclusion
Based on the matters set out above, it can be concluded that the proposed addition of the
Companys business activities is FEASIBLE.
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IV. AVAILABILITY OF EXPERTS IN RELATION TO THE PROPOSED CHANGE IN BUSINESS ACTIVITIES
In connection with the Change in Business Activities, there will be no changes to the availability and
quality of the Companys human resources and professional experts. This is because the Change in
Business Activities is undertaken solely to align the Companys business licensing with its existing
warehouse leasing activities and to support the certification process of the Companys land assets
located in areas designated for tourism purposes. Accordingly, the Change in Business Activities will
not result in any changes to the Companys current operational activities, including the need for
additional professional experts.
As of the date of this Disclosure, the Company does not yet have any plan to implement or actively
conduct business activities under the added KBLI codes, including those relating to Tourism Area
Development, Tourism Information Services, and Tourist Attraction Information Services.
Should the Company decide in the future to implement and commercially conduct new business
activities under the added KBLI codes, the Company will recruit professionals with expertise in the
property and/or tourism sectors.
V. EXPLANATION, CONSIDERATIONS, AND RATIONALE FOR THE CHANGE IN BUSINESS
ACTIVITIES
The purpose and objective of the Feasibility Study on the proposed Change in Business Activities of
the Company is to conduct an analysis and assessment of the feasibility of the proposed Change in
Business Activities of the Company in order to comply with POJK No. 17/2020 on Material Transactions
and Changes in Business Activities.
Currently, the Main Business Activities of the Company as stipulated in its Articles of Association are
as follows:
a. Coal Mining (KBLI 05100)
b. Wholesale Trade of Solid, Liquid and Gaseous Fuels and Related Products (KBLI 46610)
c. Own or Leased Real Estate (KBLI 68111)
d. Holding Company Activities (KBLI 64200)
Furthermore, the Supporting Business Activities of the Company as stipulated in its Articles of
Association are as follows:
a. Laminated Plywood Manufacturing, Including Decorative Plywood (KBLI 16212)
b. Other Mining and Excavation Support Activities (KBLI 09900)
c. Motorized Freight Transport for General Goods (KBLI 49431)
d. Domestic Sea Freight Transport for Special Goods (KBLI 50133)
e. Motorized Freight Transport for Special Goods (KBLI 49432)
f. Other Supporting Transportation Activities n.e.c. (KBLI 52299)
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The Company plans to add several supporting KBLI codes in order to support its Main Business Activity
in Own or Leased Real Estate (KBLI 68111), as follows:
a. KBLI 52101 Warehousing and Storage
b. KBLI 55900 Other Accommodation
c. KBLI 68120 Tourism Area Development
d. KBLI 79911 Tourism Information Services
e. KBLI 79912 Tourist Attraction Information Services
1. Rationale for the Proposed Addition of Warehousing and Storage Business Activities (KBLI
52101)
The Company owns a warehouse building located at Jalan Ampera, Handil Bakti Subdistrict,
Palaran District, Samarinda. The warehouse is currently being leased to PT Unilever Indonesia Tbk.
In view of the warehouse leasing activity, the Company considers it necessary to add Warehousing
and Storage (KBLI 52101) as a supporting business activity to the Companys existing main business
activity as stipulated in its Articles of Association, namely Own or Leased Real Estate (KBLI 68111).
The addition of Warehousing and Storage (KBLI 52101) is important to ensure that the Companys
warehouse leasing activity has a clear business activity basis and is aligned with the provisions of
the Companys Articles of Association and the applicable laws and regulations.
2. Rationale for the Proposed Addition of Other Accommodation (KBLI 55900), Tourism Area
Development (KBLI 68120), Tourism Information Services (KBLI 79911), and Tourist Attraction
Information Services (KBLI 79912)
The Company owns and/or controls a number of land parcels located in Samarinda and Kutai
Kartanegara. Such land was previously used for coal mining activities, where mining operations
have been completed and reclamation activities have been carried out in accordance with the
applicable regulations. At present, the land has not been optimally utilized and remains
unproductive.
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Figure 1: RTRW Map and Land Availability
Part of the land remains uncertified. Accordingly, the Company plans to undertake the
arrangement, legalization, certification, and further utilization of such land so that it may become
a productive asset and provide added value to the Company.
The certification process for such land faces constraints relating to zoning designation, as the land
is located within a tourism zone based on the Regional Spatial Plan (RTRWK) map and land
availability data issued by the National Land Agency (BPN). As a result, it is necessary to align the
Companys business activities with the applicable zoning designation as part of the certification
process.
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In order to comply with the zoning requirements, the certification of the land is also necessary to
mitigate the risk of the land being designated as abandoned land. Pursuant to Government
Regulation No. 20 of 2021, as amended by Government Regulation No. 48 of 2025, land that is not
utilized for 2 (two) consecutive years may be designated as abandoned land. Consequently, such
land may be subject to the risk of being designated as abandoned land, which could result in the
loss of the Companys rights over the land.
In light of the foregoing, the Company considers it necessary to add the business activities of Other
Accommodation (KBLI 55900), Tourism Area Development (KBLI 68120), Tourism Information
Services (KBLI 79911), and Tourist Attraction Information Services (KBLI 79912). The addition of
such business activities is necessary to ensure that the Companys planned utilization of the land
has a clear business activity basis, is aligned with the applicable zoning designation, and supports
the Companys existing main business activity as stipulated in its Articles of Association, namely
Own or Leased Real Estate (KBLI 68111).
VI. FINANCIAL INFORMATION BEFORE AND AFTER THE CHANGE IN BUSINESS ACTIVITIES
The following presents an overview of the Companys statements of profit or loss and financial position
before and after the Change in Business Activities. The statements of profit or loss and financial
position before the Change in Business Activities are based on the audited financial statements as of
31 December 2025, while the statements of financial position and profit or loss after the Change in
Business Activities have been prepared by management.
Table 1: Statements of Profit or Loss Before and After the Companys Change in Business Activities
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Table 2: Statements of Financial Position Before and After the Companys Change in Business
Activities
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Table 2 (Continued): Statements of Financial Position Before and After the Companys Change in
Business Activities
As shown in the table above, the impact of the Change in Business Activities on the Companys financial
condition going forward is as follows:
a. The Companys investment property will increase as it will be able to secure ownership of land
amounting to USD 5,522,224, consisting of the book value of the uncertified land (tanah girik)
amounting to USD 3,359,192 and certification costs capitalized thereto amounting to USD
2,163,032. In connection with the certification process, the Companys cash and cash equivalents
are projected to decrease by USD 2,163,032.
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b. The Companys revenue will increase as it will be able to continue its warehouse leasing
activities, thereby generating additional revenue of USD 274,231 in 2026 and USD 305,455
annually during the period from 2027 to 2030.
VII. EXPLANATION OF THE IMPACT OF THE ADDITION OF KBLI ON THE COMPANYS FINANCIAL
CONDITION
With the addition of the KBLI codes, the value of the Companys investment property assets will be
higher than it would be without such addition, because without the addition of the KBLI codes, the
land located within a tourism zone would not be eligible for certification. Pursuant to Government
Regulation No. 20 of 2021, as amended by Government Regulation No. 48 of 2025, land that is not
utilized for 2 (two) consecutive years may be designated as abandoned land, which may result in the
revocation of land rights and the reversion of control over such land to the State. Accordingly, without
the addition of the KBLI codes, the Company would be exposed to the risk of losing ownership of such
land, which, for the purposes of the projection, is assumed to occur in 2027.
Table 3: Projected Investment Property With and Without the Change in Business Activities
With the addition of the KBLI codes, the Companys equity will be higher than it would be without such
addition, due to the assumption that the Company would otherwise lose ownership of the land, which,
for the purposes of the projection, is assumed to occur in 2027. In addition, with the addition of the
KBLI codes, the Company will be able to continue its warehouse leasing activities, thereby generating
additional operating profit.
Table 4: Projected Equity With and Without the Change in Business Activities
1. Profit or Loss
a. Revenue
With the addition of the KBLI codes, the Company is projected to be able to continue its
warehouse leasing activities, thereby generating additional revenue.
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Table 5: Projected Revenue With and Without the Change in Business Activities
b. Operating Profit
With the addition of the KBLI codes, operating profit will also increase due to the additional
revenue generated from warehouse leasing activities. In addition, in 2027, under the scenario
without the addition of the KBLI codes, a loss on the impairment of investment property assets
is assumed to occur, as the Company is assumed to lose ownership of the land.
Table 6: Projected Operating Profit With and Without the Change in Business Activities
2. Cash Flows
a. Operating Cash Flows
As a result of the Change in Business Activities, there will be additional cash inflows from
warehouse leasing activities.
b. Investing Cash Flows
As a result of the Change in Business Activities, land and building tax (PBB) expenses relating
to land ownership will be incurred during the period from 2026 to 2030. Conversely, without
the Change in Business Activities, such PBB expenses would no longer be incurred during the
period from 2028 to 2030, based on the assumption that the Company would lose ownership
of the land asset.
3. Ratios
With the Change in Business Activities, the Companys financial ratios are expected to remain
substantially similar to those under the scenario without the Change in Business Activities. The
most notable impact of the Change in Business Activities is on the Companys profitability ratios,
which are expected to improve as the Company will be able to continue the leasing activities of
the warehouse that have been carried out to date.
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VIII. EXPLANATION OF THE FEASIBILITY OF THE NEW BUSINESS ACTIVITIES
The Change in Business Activities is undertaken by the Company solely for legal compliance purposes
to enable the Company to continue the leasing of 1 (one) of its warehouse assets, where such leasing
activity has already been carried out previously, as well as to satisfy the requirements for continuing
the certification process of land located within a tourism zone. As of the date hereof, the Company
has no plans to establish a new project or to actively conduct any new business activities in connection
with the Change in Business Activities.
Should the Company decide in the future to conduct business activities under the KBLI codes referred
to in this Disclosure, the Company will be required to prepare a new Feasibility Study Report in order
to comply with Article 22 paragraph (2) of POJK No. 17/2020, namely in relation to the circumstance
where a “Public Company intends to conduct business activities already set out in its Articles of
Association but which have not yet been carried out.”
1. Establishment Costs
As of the date hereof, the Company has no plans to establish a new project or to actively conduct
any new business activities in connection with the Change in Business Activities. Accordingly, the
Company is not currently required to allocate any establishment costs in relation to the Change in
Business Activities.
2. Working Capital
The Companys working capital will not change or increase as a result of the Change in Business
Activities, since the Change in Business Activities is undertaken solely for legal compliance
purposes in relation to the Companys existing warehouse leasing activities and land certification
process, and not for the establishment of a new project or the conduct of new business activities.
3. Sources of Funding
As a result of the Change in Business Activities, the Company does not require any source of
funding, as it will continue to conduct its business activities in the ordinary course as previously
carried out. The Company is not establishing a new project or conducting any new business
activities.
4. Operating Costs
The Change in Business Activities will not result in any changes to the Companys operating costs,
as the Company will continue to conduct its business activities in the ordinary course as previously
carried out. The Company is not establishing a new project or conducting any new business
activities.
17 / 20
Page 18
5. Raw Material osts
The Change in Business Activities will not result in any changes to the Companys raw material
costs, as the Company will continue to conduct its business activities in the ordinary course as
previously carried out. The Company is not establishing a new project or conducting any new
business activities.
6. Break-even Analysis
As a result of the Change in Business Activities, no break-even analysis is required, as the Company
is not making any investment to establish a new project or to conduct any new business activities.
7. Profitability Analysis
As a result of the Change in Business Activities, the Company will be able to continue its warehouse
leasing activities that have been carried out to date. This will generate additional net profit, which
is projected as follows:
Table 3: Profitability Analysis of the Warehouse Leasing Activities
There are no expenses attributable to the warehouse leasing activities because, whether or
not the warehouse is leased, the Companys operating expenses remain unchanged.
In addition, as a result of the Change in Business Activities, the Company will be able to
proceed with the land certification process, thereby securing ownership of the land and
avoiding the potential loss that may arise from the loss of ownership of such property in 2027,
as follows:
Table 4: Potential Loss from Land Impairment
8. Return on Investment
As a result of the Change in Business Activities, there is no return on investment to be analyzed,
as the Company is not making any investment to establish a new project or to conduct any new
business activities.
18 / 20
Page 19
IX. OTHER MATERIAL MATTERS RELATED TO THE ADDITION OF BUSINESS ACTIVITIES
The addition of business activities is carried out with reference to the KBLI as stipulated under
Regulation of the Central Statistics Agency (BPS) No. 7 of 2025, and with due regard to the disclosure
requirements and shareholders approval through the General Meeting of Shareholders (GMS) as
governed under POJK No. 17/2020.
X. EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (EGMS)
Pursuant to the request of the Financial Services Authority as set out in Letter No. S-123/PM.212/2026
dated 26 May 2026, the agenda item relating to the proposed Change in Business Activities of the
Company may not be combined with the agenda of the AGMS planned to be held on 18 June 2026.
Accordingly, the proposed Change in Business Activities of the Company, together with the
corresponding amendments to the purpose and objectives as well as the business activities of the
Company as set out in its Articles of Association, including the discussion of the Feasibility Study
relating to the proposed Change in Business Activities of the Company, will be discussed and resolved
under a separate agenda item at the EGMS, which is planned to be held on the same date following
the conclusion of the AGMS on 18 June 2026, at Financial Hall, 2nd Floor, Graha CIMB Niaga, Jl.
Jenderal Sudirman No. Kav. 58, CIMB Niaga, RT.5/RW.3, Senayan, Kebayoran Baru District, South
Jakarta Administrative City, Special Capital Region of Jakarta 12190.
The Change in Business Activities of the Company, including the discussion of the Feasibility Study
relating to the proposed Change in Business Activities of the Company, has been included as a separate
agenda item at the EGMS, as set out in the Corrigendum to the Notice of the Annual General Meeting
of Shareholders and Extraordinary General Meeting of Shareholders of the Company dated 12 June
2026, which has been announced by the Company. In connection with the proposed Change in
Business Activities, the Company will seek the approval of its shareholders for the amendment of
Article 3 of the Companys Articles of Association concerning the Companys Purposes and Objectives
and Business Activities, including adjustments to comply with KBLI 2025 and the requirements of POJK
No. 17/2020 on Material Transactions and Changes in Business Activities.
With respect to the agenda item concerning the amendment to the Companys Articles of Association,
which requires the approval of the Minister of Law and Human Rights, the Company refers to Article
42 letter a of POJK No. 15/POJK.04/2020 and Article 24 paragraph (4) of the Companys Articles of
Association, which require a quorum of attendance representing at least 2/3 (two-thirds) of the total
shares with valid voting rights and a resolution quorum of at least 2/3 (two-thirds) of the shares with
voting rights present or validly represented at the GMS.
19 / 20
Page 20
' XI. ADDITIONAL INFORMATION
If the shareholders require further information, they may contact the Company during the Companys
business days and hours at:
PT RESOURCE ALAM INDONESIA TBK
Bumi Raya Group Building
JI. Pembangunan I No. 03, Petojo Utara, Gambir, Jakarta Pusat 10190
Telephone: (021) 633 3036 (Hunting) (021) 3952 5530
Facsimile: (021) 633 7006
Website: www.raintbk.com, lenny@raintbk.com
E-mail: info@raintbk.com
This Disclosure is hereby provided to the shareholders of the Company for their information and
consideration in connection with the Extraordinary General Meeting of Shareholders of the Company.
Jakarta, 15 June 2026
Best Regards,
PT RESOURCE ALAM INDONESIA TBK
PT.
Agoes Soegiarto Soeparman
Director
20/20
Names mentioned 28 people and organisations named in the text · linked when the evidence is strong
unresolved
org
FINANCIAL SERVICES AUTHORITY
p.1 ×5
unresolved
org
PT Kurnia Kapuas Utama Glue Industries
p.3
unresolved
person
Didi Sudjadi
· Notaris
p.3
unresolved
org
Minister of Justice
p.3
unresolved
org
Kurnia Kapuas Utama Tbk.
p.3 ×6
unresolved
person
Elisabeth Veronika Ely
· Notaris
p.3
unresolved
org
Minister of Justice and Human Rights
p.3
unresolved
person
Rini Yulianti
· Notaris
p.3 ×3
unresolved
org
Ministry of Law and Human Rights
p.3 ×2
unresolved
org
PT SEJAHTERA JAYA CITA
p.4 ×2
unresolved
org
ENERGY COLLIER PRIVATE LTD.
p.4
unresolved
org
PTE. LTD.
p.4
unresolved
org
Ministry of Finance
p.5
unresolved
org
KJPP Felix Sutandar dan Rekan
p.5
unresolved
org
KJPP Felix Sutandar
p.5
unresolved
org
Minister of Law and Human Rights
p.19
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
2245 ms
12 Sep 2026 22:10
Raw output
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