20241010_MGRO_Laporan Informasi dan Fakta Material_31735099_lamp1.pdf

#MEnahkotaGroup

Ic focus of the business strategy currently being carricd out
Improved financial performance for better profitability:
Completion of all integrated operational projects:

Focus on the development of downstream products that are needed by the general public
Strict control of operational and financial costs:

Maximizing the acguisition of cheap and guality production raw materials: and
Towards a Go-Green concept business (Integrated Sustainable Agro Industry project).

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4. The Company's future development strategy.
" Sirategic efforts to increase the added value of palm oil commodities through the
downstream process to become derivative products that have a higher selling value:
» Integration process to connect all components, elements and systems in operations into
one unit to increase the effectiveness and efficiency of the Company, and
» Production using environmentally friendly technology by utilizing renewable energy and
producing organic fertilizer from waste treatment.

5. The Company's strategy to increase the Company's profitability.
The Company's strategy to increase the Company's profitability is that the Company strives
to improve operational efficiency and effectiveness factors while still paying attention and
analyzing in terms of raw material prices, product prices, stock volumes and local / imported
market needs.

6. Obsiacies faced by ihe Company in realizing ihe Company's siraiegy ihai has been pianned
previously.

The general obstacle experienced by the Company in realizing the strategy is the condition
where the balance process between the price of raw materials and the selling price of
production products to generate profits tends to fluctuate and is difficult to predict. In
addition, the development of the Integrated Sustainable Agro Industry project also
experienced delays in commissioning due to technical operational constraints.

7. New products that will be or have been launched by the Company.
Currently, the Company does not have any new products to launch, other than FFB, CPO,
PK, RBDPO, PFAD, CPKO, CPKE, Olein, Stearin, storage tank rental services, and
packaged cooking oil using the government brand “MINYAK KITA”.

8. The Company's plan to develop new business activities (if any).
Currently, the Company has no plan to develop new business.

B. Financial Condition and Presentation of Financial Statements

1. In relation to CALK 6 on cash, cash eguivalents and restricted cash, please explain:

a. Background and causes of the Company only having cash and eguivalent balance of
Rp151.12 billion as of June 30, 2024 or a significant decrease of -64.13Y6 compared to
December 31, 2023.

There was a disbursement of deposits in the period of June 30 on account:

» JTrust Rp140.838.600.000

“ BNI Rp7.500.000.000

» Mandiri Rp 36.056.800.000

And also the use of bank balances that decreased by Rp120 billion, this is intended for
payment of procurement of raw materials and also construction project materials at
subsidiary PT Intan Sejati Andalan.

b. The Company's sirategies and efforis io ensure sufficient funds in operationai activities
considering that the balance of cash and cash eguivalents decreased significantly.
Strategies that can be done include:

" Make payments by prioritizing those due by considering the value or amount of
payment.

PT Mahkota Group Tbk
Grand jati junction Li.Z7 ji. Perintis Kemerdekaan No. 3A, Medan Zi

Email : corporate@mahkotagroup.com: Website : www.mahkotagroup.com

YX Mahkota Group 2 G

» Collecting trade receivables and non-trade receivables so that the adeguacy of cash and
cash eguivalents can be maintained.

c. The Company's cash management strategy.

» Conducting payment planning by preparing payment terms / timeframes for both debt
repayment and advances.

» To bind sales contracts with down payment reguirements so that funds are received
earlier.

" Supervise the purchase of raw material prices and also the selling price of products so
that there is no purchase of raw materials at high prices which will have an impact on
processing costs.

2. In reiation to the restricted cash account, piease expiain:
a. Background and causes of the significant increase in restricted cash balance as of June 30,
2024 compared to December 31, 2023.
The background of the increase in restricted cash is the need for funds in subsidiaries for
Operations so that some deposits become collateral.

b. Information on the details of bank loans that use restricted cash as collateral.
The following are details of bank loans that use restricted cash as collateral:

No. Name of subsidiaries Type of Loan Facility Loan Value — | (OVtaterai vatue
Deposit

1. | PT intan Sejati Andaian investment Loan # Working Lapitai Loan 1,537,590,721,528) 403,575,800,0U0

r 2 |PT Berlian Inti Mekar Investment Loan # Working Capital Loan 266,949,818,479 29,500,000,000
r 3. | PT Mutiara Unggui Lestari invesiment Loan # Working Capitai Loan 198,512,000,000 | 166,370,U00,0U0
h 4. | PT Karya Pratama Niagajaya Investment Loan # Working Capital Loan 84,389,666,666 3,000,000,000
5. |PTDumai PariciptaAbadi | investment Loan | #s0e50o0oiil 5,500000000

| 2132613,200,682| 606,445,800,000

3. In relation to CALK 7 on trade receivables, please explain:

FS ad STS 39 that tbc Combanv's accounts resa'tvablo cam La
a. ana CHOTIS SO Inat tnc Company's accounts reccivablc can bc

collected in abevrdanie with the predetermined period.

Strategies and efforts that can be made are:

» Binding customer sales contracts with a down payment system between 5044 and 954.
" Optimizing the prospective customer review process.

» Evaluate existing customers.

s

“The average number of days it takes customers to pay for their receivabies.
Average receivables are collected within 30-90 days,

:

Obstacles faced by the Company in collecting payments from cu:

There are no obstacles during payment collection.

d. Background and reasons for not recording CKPN on trade receivables. The Company
Shouid provide its justification and basis for noi recording CKPN.
Management believes that all trade receivables are collectible. Therefore, no provision for

impairment losses on trade receivables is reguired.

4. In relation to other receivables, please explain:

a. Transaciions (hai led io ihe emergence of oiher receivabies from related parties.
Transactions of other receivables from related parties are transactions between the parent
company, PT Mutiara Unggul Lestari and its subsidiary PT Karya Mitra Andalan and
receivables from rental of school buildings used by Yayasan Mahkota Inti, one of the
company's related parties engaged in education.

b. Transactions that cause the emergence of other receivables from third parties other sub-
accounts and their parties.

PT Mahkota Group Tbk
Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : #62 61 42009810 (Hunting)
Email : corporate@mahkotagroup.com, Website : www.mahkotagroup.com

#uahkotaGroup G

The transaction is a transaction for payment of tax payable which is appealed at the Tax
Court and is still in the appeal process.

c. Information on the term and interest charged on the Company's other receivables.

» The company's other loans between PT Mutiara Unggul Lestari and PT Karya Mitra
Andalan have a loan period from September 2023 to December 2024 with an interest
rate of 9Yo.

» Rental receivables for school buildings used by Yayasan Mahkota Inti, one of the
company's related parties engaged in the education sector are not subject to interest.

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n relation to CALK 9 on inventories, please explain:
. Information on the Company's inventory management strategy.

The Company's strategies in inventory management are:

» Maintaining the availability of raw materials.

» Creating minimum stock limits.

» Strive for finished goods stock to be sold according to the processing period.

»

b. The Company's sirategy in managing and determining the amount of raw materiai and
finished goods inventory.

The Company's strategy in managing and determining the amount of raw material and

finished goods inventory are:

» The Company always reviews market prices for both raw materials and finished goods.

» Optimizing the production process by prioritizing the yield target achieved.

» Delivering finished goods as soon as possible to customers after the completion of
goods release documents to avoid damage/deterioration in the guality of finished
material stock.

. Background and causes of ie significant increase in crude palm oil and GerivatiVes
finished goods inventory (up 139.4196) and raw materials inventory (up 117.24Y60) as of
June 30, 2024 compared to December 31, 2023.

The inerease in stock value is strongly influenced by the increase in raw material purchase

prices and also the increase in product selling prices and for the guantity of stock in the

June 2024 period which will be realized in the July 2024 period.

"

I Jun-24 I Dec-23 Increase/ &
Product Guantity | Rp/ke Amount Guantity | Rp/ke Amount (Decrease) Kla
(Finished Goods
KBUPO 12,449, 202 | 12,999 | 101, 759,632, 998 1,032,528 11/34 19,254,382,883| 142,505,310,0/5
PFAD 1,489,456 | 10,961 16,326,582,577| 2,985,947 10,836 32,354,641,677| -16,028,059,100:
LE 017 1990 ggzenooal se7amal 1nacel oo Lo1oo1e20s| 1022,556,201
STEARIN 819,087 | 14,627 11,980,769,167| 3,114,245| 14,431 44,941,983,523) -32,961,214,356
(CPO 3,679,276 12,392 45,594,395,551 Of o| Oj 45,594,395,551
(Crude palm oil and its derivatives 235,747,302,246 98470,925,368| 137,276,875,873| 139.411)
(Raw Material
Fresh Fruit Bunch 4,689,220) 2,363 11,079,642,355 3 2,363 - 11,079,642,355
(crude palm oil 4826727| 12415| 59924208378) 2632624) 12,415
Raw iviateriai Lo 71005,940,733 117.2850|

d. Background and causes of the significant decrease in finished goods inventory in the form
of palm kernel and its derivatives (decreased -63.25Y6) and inventory of spare parts and
other supporting raw materials (decreased -63.25Y6) as of June 30, 2024 compared to
December 31, 2023.

The decrease in finished goods stock in June 2024 compared to December 2023 is because
the December 2023 stock period will only be realized in the January 2024 period. Due to
the high production of CPKO in the December 2023 period.

The decrease in spare parts inventory for the period June 2024 compared to December
2023 was due to spare parts for factory construction at the location of PT Intan Sejati
Andalan's subsidiary which were only installed in the January 2024 period.

PT Mahkota Group Tbk
Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : #62 61 42009810 (Hunting)
Email : corporatc@ mahkotagroup.com, Website : www.mahkotagroup.com

YX Mahkota Group

temema/ | 1
Product Ouantity Amount Guantity | Rp/kg Amount (Decrease) 2
'Finished Goods
IPK 1,184,233| 7,463 8,837,394,962 746,754| 5,475 4,088,745,367 4,748,649,095
(CPKO 2,674,604 | 14,720 39,370,572,071| 11,444,597| 11,657 133,406,841,558| -94,036,269,487
IPKE 2,057,208| 1,350 2,771,841,962 762,619| 1,610 1,227,552,876 1,550,295,086
(crude palm oil and its derivatives 50,985,814,995 138,723,140,301| -87,737,325,306| -63.251|
Inventory of spare parts and other supporting materials
ISpare Parts | | 9,390,364,326 59,182,567,858| -49,792,203,032
Inventory of spare parts and other supoorti' 9.390.364.826 59.182.567.858| -49.792.203.032 -84.1394|

6. In relation to CALK 11 on advances, please explain the background of the increase in
advances for the purchase of machinery by 418.29Y6 as of June 30, 2024, and explain the
details of the suppliers and machinery to be purchased by the Company.

The increase in advance purchase of machinery in the form Of maintenance machinery,
factory eguipment as follows:

Ino. Name of Supplier | Tvpe of Goods/Machines Value
Storage Tank Work Cap.4000 MT - 8 units Mecanichal Work at PT ISA - PT
13,805,585,399
4 | PT Dutaraya Sejati Dutaraya Sejati/Storage Tank 17x4000MT
. New Turbine SMW 3,3/0.4KV (Utility Area) - PT Duta Fuji Electric/New
,635,377,753
2 Pita Meat Boiler 47 ton with Turbine SMW Fa
AN Teraranan mghesips — Turbine/SZ:Cap 5MW, Penambahan Kapasitas Steam dan Power | ,« «0 9np000
36,090,963,152

7. In relation to CALK 14 on fixed assets, please explain:

a. The background of the increase in the Company's fixed assets as of June 30, 2024,
particularly the significant increase in construction in progress in the form of
bujidings and facilities and infrasiruciure.

The increase in construction in progress consists of:

1 Building and Storage Tank 20,114,935,092

Biogas Plant 26,383,696,566
3 Fortified Organic Fertilizer Plant “Warehouse 18,006,020,020
4 Upgrading Refinery line-2 1800 TPD 8,073,802,027
5 Bunch Press Manufacturing 5,588,530,398
6 Solvent Extraction Plant 5,528,581,873
7 Road infrastructure, facilities and infrastructure 16,932,759,874
8 Upgrading KCP 600TPD 1,855,9526,000
9 Mill Micro Macro Program (MMMP) 156,550,000
10 Relocation of factory waste ponds 55,635,560

102,506,427,410

102,696,437,410

b. Details of additions to the Company's fixed assets by completing the following table:
'No.| Details of Fixed Assets | Value of Additions
(4 (Building 14.403.238.517
| 2 Machinery | 4.998.750.893 |

c. Types of assets and details of construction in progress in the form of facilities and
infrastructure.
Road Infrastructure, Facilities and supporting infrastructure at the factory site.

@. Estimated compietion target time of the assets under construction.
Estimated completion of the assets under construction in the 2" semester of 2025.

e. Information regarding the Company's fixed assets that have been fully depreciated.

Fixed assets that have been fully depreciated are fixed assets acguired in 2016 and
earlier.

Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 34, Medan 20231 - Indonesia Phone : #62 61 42009810 (Hunting)
Email : corporate@mahkotagroup.com: Website : www.mahkotagroup.com

#uahkotaGroup

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In relation with the construction 0:

mati ardin Ia ant ananda Gi a Oammanu'a Kund assets that bai
Information regarding the current condition of the Company's tik ts c

been fully depreciated and their use for the Company's operations.
The condition of the Company's fixed assets that have been fully depreciated are still
functioning properly and are still used by the Company.

£ a fertilizer factory and warehouse by PT

Andalan, please explain:

a. The background and consideration Of

. Target consumers of the fertilizer products along with info

f the Company to invest in the construction of the
fertilizer plant.

The effective solution to develop the handling of Palm Oil Mill waste into value-added
products for the company and also benefits the industry and the environment by
participating in realizing ESG principles and a more environmentally friendly and
sustainable agricultural sector..

. Information on the production capacity of the mill.

The planned production capacity is 200 tons per day.

Information about ihe source of funding used in the consiruciion of the factory.

Bank Loan 70Y6 and Own Capital 306.

fertilizer products are used internally or sold to external parties.

As a first step, the production will be temporarily used internally and also sold to FFB
suppliers in the Company's subsidiaries at very competitive prices so as to increase
supplier loyalty.

. Competitive advantage in fertilizer business.

Granulated organic fertilizer made from empty fruit bunch waste (jankos), produced in
the form of solid granules packaged for general sale at competitive prices. This product
has various advantages designed to support optimal plant growth which is also able to
improve soil structure, increase soil water retention and absorption capacity, and add
and activate nutrients in the soil.

In relation to CALK 21 on bank loans, please explain:
a. Background and explanation of the increase in short-term bank loans to PT Bank

b. Background and explana'

Mandiri (Persero) Tbk amounting to Rp434.66 billion as of June 30. 2024. as well as
the purpose of the use of funds from the short-term bank loans.

The increase in short-term bank loans in the form of the use of Working Capital is to
support the operations of the refinery plant in order to run optimally. The use of this
working capital is 10096 used for the purchase of CPO as raw material in the refinery
plant and also export funding and VAT.

Of the increase in lono-term bank loans as of June 30,

billion, as well as the purpose of the use of funds from

Backgr P
2024 amounting to Rp5
iong-ierm bank ioans.

The increase in long-term bank loans is for investment in the Biogas plant, Solvent

Extraction Plant and also the construction of a fertilizer plant at subsidiary PT Intan
Sejati Andalan.

BG hai WE Pn Sa Maya ain. ha PN aa |
. Efforis thai wili be made by ine Company io be abie io repay ihe Company's shori and

long term bank loans. In the event that there are obstacles faced in making bank loan
payments, please explain further.
The company monitors cash flow, the company has solid assets that can be used.

PT Mahkota Group Tbk

Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : #62 61 42009810 (Hunting)

Email : corporate@mahkotagroup.com, Website : www.mahkotagroup.com

#EankotaGroup

10. In relation to CALK 23 on other payables, picase cxplain:

a. Transactions that cause other payables to arise in the form of guarantees and others.

« Guarantee amounting to Rp5,106,000,000 represents security deposit from the
customer who rented the stockpile tank at PT DPA's subsidiary which will be
returned to the tenant after the lease period ends.

» Other payables amounting to Rp2,184,492,258 represents deposit/reimbursement
payments.

b. Information on the term and interest charged on other payables of the Company.
There is no interest expense on other payables with a maturity of 3 (three) months.

c. Background and cause of the Company's dividend payable.
Dividend distribution to PT DPA's subsidiaries, namely:

» PT Tanimas Edible Oil 3.000.000.000
» PT Karya Pratama Niagajaya 1.500.000.000
» Sui's Resources Pte. Ltd 1.440.000.000
» Adyanto 750.000.000

d. Details of 5 (five) parties to other payables with guarantee and other sub-accounts
recorded by the Company (please mention the name of the party).
» PT Aneka Intipersada

PT Lahan Tani Sakti

PT Tunggal Mitra Plantations

PT Lingga Tiga Sawit

BPJS (Social Security Agency)

11. In relation to CALK 34 on revenue, please explain:

Tx! Bri 30June Io Increase/
No | Product Pa | angs: | Woecrsasa)
Crude palm oil and its derivatives
1/cPo 339,164,400,973 459,687,171,545 (120,522,770,572)
2|PFAD 65,766,159,590 70,753,275,752 (4,987,116,162)
3|RBDPO 1,127,451, 769,097 1,792,932,087,506 (665,480,318,409)
SOLUN 23,512,121,802 29,860,318,018 (76,348,696,216)
5ISTEARIN 28,092,475,000 10,020,000,000 18,072,475,000
Total 1,583,986,926,462 2,433,253,352,821| (849,266,426,359)
'Sales of other products
1|Shell 21,365,409,001 48,372,969,200 (27,507,560, 199)
2|Bunch Ash 3,550,364,849 4,586,328,016 (1,036,463, 167)
Total 24,915,773,850 53,459,797,216 (28,544,023,366)

The decline in revenue was affected by the government's policy regarding DMO
(Domestic Market Obligation) so that product exports experienced a significant decline
from around 41,487 tons in the period June 30, 2023 to 14,620 tons in the period June 30,
2024. In addition to exports, DMO also affects local sales from around 177,835 tons in the
period June 30, 2023 to 138,523 tons in the period June 30, 2024 because some customers
are still holding back on purchasing products.

b. Background of significant decrease in sales of crude palm oil and its derivatives to related
parties as of June 30. 2024.
The decline in sales of crude palm oil and its derivatives was strongly influenced by the
government's policy regarding DMO (Domestic Market Obligation), especially for CPO,
RBDPO, and Olein products.

c. The Company's strategies and efforts to increase the Company's revenue.
" Increase production yield.
» Increase sales both domestic and export.

PT Mahkota Group Tbk

Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : 62 61 42009810 (Hunting)

Email : corporate @naiikotagioup.com, Website : www.mehkotagioup.com

Mahkota Group

12. In relation to CALK 35 on cost of revenue, please explain:
a. The background and causes of cost of revenues for the period June 30, 2024 which
increased significantly compared to the period June 30, 2023.

Cost of revenue decreased as a result of a decrease in production volume as shown in

G

the following table:
No information 20 jane increase/ (Decrease)
2024 2023
Processed Products
1 (EFB processing (Ke) 541,777,637 706,596,533| (164,818,896)| -23.3396
2 Icpoprocessing-Refinery (Ke) 105,387,238 165,764,851|  (60,377,613)| -36.425)
3 Jpx processing-KCP (Ke) 2,243,038 18,878,946 3,364,092 | 17.8256
4 IRBDPO processing-Refinery (Kg) 2,877,498 12,338,415 (oasog917| -76.685|
Product Produced
1 Jero production (Kg) 91,720,623 121,809,600| — (30,088,977)| -24.705x|
2 Ipx production (Kg) 27,442,082 36,823,840 (9,381,758)| -25.4896
3 (RBDPO production (Kg) 99,017,404 155,359,782|  (56342378)| -36.279x)
4 (PFAD production (Ke) 4,450,938 9,857,754 (5,406,816)| -54.8596
5 Jolein production (Kg) 2,056,706 8,628,615 (6,571,909)| -76.1656)
6 |stearin production (Kg) 741,744 3,299,845 (2,558,101)| -77.5296
7 |cpko production (Kg) 9,772,966 7,890,690 1,882,276 | 23.855
8 |pKE production (Kg) 12,386,169 10,211,239 2174930 | 21.3096

b. Background and reasons for the material usage expense for the period June 30, 2024
has increased significantly compared to the period June 30, 2023.
'The use of raw materials has decreased significantly as shown in the table point 12.a
the number of products processed. The decrease is a result of the increase in the
purchase price of raw materials so that the company limits the amount of purchases
and also the effect of the DMO which has an impact on sales.

c. Background and reasons for recording throughput costs for the period June 30, 2024.
The Company applies acerual cost recording so that throughput costs are recognized
before there is a bill from Pelindo by calculating based on data from Pelindo.

13. In relation to CALK 36 on selling expenses, please provide the background and reasons
for the significant decrease in selling expenses as of June 30, 2024.
As a result of the government's policy on DMO (Domestic Market Obligation), exports of
products have decreased, so duty and levy costs have also decreased, including domestic
sales transportation costs.

14. In relation to CALK 37 on administrative and general expenses, please explain:
a. Nature of transactions that led to the new service expenses recorded as of June 30,

2024.
The nature of transactions on service expenses are as follows:
No. Information Value
1 1,317,661,021
2 481,556,900
3 |INotary service fees 346,596,849
4 Audit service fees 273,500,000
5 |Appraisal service fees 216,558,558
6 JActuarial service fees 12,000,000
7 |Other service costs 43,580,000
2,691,453,328

PT Mahkota Group Tbk

Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : 462 61 42009810 (Hunting)

Email : corporate@mahkotagroup.com, Website : www.mahkotagroup.com

AEwankotasroup

b. Background and causes of the decrease in salary expense as of June 30, 2024. .
The decrease in salary costs in 2024 is due to the elimination of employee incentive
allowances as one of the cost efficiencies.

c. Background and causes of increase in outsourcing expenses as of June 30, 2024.
The increase in outsourcing expenses of Rp2.1 billion from 2.5 billion in June 2023
to Rp4.7 billion in June 2024 is due to the addition of security personnel, namely:
« PT Bhaskara Dua Perkasa
» PT Tribuana Garda Reksa

d. Background and causes of significant decrease in Jamsostek expense as of June 30,
2024.
The decrease in Jamsostek expense of Rp1.8 billion from Rp2.1 billion in June 2023
to Rp252 million in June 2024 was due to the fact that in 2023 the Company used
many casual workers for projects in subsidiaries whose Jamsostek costs were borne
by the Company.

15. In relation with the net loss booked as of June 30, 2024, please explain the Company's
strategy and efforts in cost efficiency in order to return to net profit in the future.
The Company strives to be able to immediately run the Integrated Sustainable Agro
Industry project that is currently being developed. Where, the project will combine all
integrated downstream production Operations using renewable energy derived from each
waste produced, thus creating system effectiveness and production cost efficiency.

16. In relation with the cooperation between the Company through PT Berlian Inti Mekar
(BIM) with PT Menthobi Karyatama Raya Tbk (MKTR) through PT Menthobi Hijau
Lestari (MHL) in the construction of a production facility for a granular composi fertilizer
factory made from empty fruit bunch (jankos) in Palembang, South Sumatra. Please
explain:

a. Background and considerations for this collaboration..
An effective solution for handling Palm Oil Mill waste becomes a value-added product
for both companies in the form of cooperation (BIM only provides raw materials and
location) and also benefits industry and the environment by participating in realizing a
more environmentally friendly and sustainable agricultural sector..

b. Information regarding the capacity and types of products produced by the factory.
With a production capacity of 40 tons per day, organic granular fertilizer made from
empty fruit bunch waste (jankos) produced in the form of solid granules packaged for
general sale at competitive prices. This product has various advantages designed to
support optimal plant growth which is also able to improve soil structure, increase soil
water retention and absorption capacity, and add and activate nutrients in the soil.

17. Corporate action plans for the next 12 (twelve) months (if any).

Currently, the Company does not have any corporate action plans for the next 12 (twelve)
month period.

18. Other important information/events that are material and can affect the survival of the
company and can affect the company's share price.
There is no other important information/events that are material and could affect the
survival of the company and could affect the Company's share price.

PT Mahkota Group Tbk

Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : #62 61 42009810 (Hunting)
Email : corporate@mahkotagroup.com, Website : www.mahkotagroup.com

#fEahkotaGroup

Thus we convey this explanation, thank you for your attention.

Best regards,
PT Mahkota Group Tbk

JUP

Usli
President Director

PT Mahkota Group Tbk
Grand Jati Junction Lt.27 Jl. Perintis Kemerdekaan No. 3A, Medan 20231 - Indonesia Phone : 62 61 42009810 (Hunting)
Email : corporate@mahkotagroup.com: Website : www.mahkotagroup.com