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Page 1 OCR 0.932
ai PT SINAR TERANG MANDIRI Tbk

memuaman 5 MINING, CONSTRUCTIONS & ENGINEERING

No : 1287/STM-MA/SP/V/2026 Jakarta, May 26, 2026
Kepada Yth,

PT Bursa Efek Indonesia

Indonesia Stock Exchange Building, Tower I Lt. 6
Jl. Jend. Sudirman Kav. 52-53

Jakarta 12190

Perihal : Tanggapan atas Permintaan Penjelasan terkait Rencana Penerbitan Peraturan Pemerintah
(PP) Tata Kelola Ekspor SDA
Response to Reguest for Explanation regarding the Plan for the Issuance of Government
Regulation on Natural Resources Export Governance

Dengan hormat,
Dear Sir/Madam,

Menanggapi surat PT Bursa Efek Indonesia (“Bursa”) perihal Permintaan Penjelasan atas rencana penerbitan
Peraturan Pemerintah (PP) Tata Kelola Ekspor Sumber Daya Alam (“PP Tata Kelola Ekspor SDA”) serta
rencana pembentukan Badan Usaha Milik Negara (BUMN) Khusus Ekspor sebagaimana diberitakan pada
media massa Kompas tanggal 22 Mei 2026, bersama ini Perseroan menyampaikan penjelasan sebagai berikut:

In response to the letter from PT Bursa Efek Indonesia (“IDX” or the “Exchange”) regarding the Reguesi for
Explanation on the plan for the issuance of Government Regulation on Natural Resources Export Governance
(“GR on Natural Resources Export Governance”) as well as the plan of the Government of Indonesia to
establish a State-Owned Enterprise (SOE) for Export activities, as reported by Kompas on 22 May 2026, the
Company hereby conveys the following explanation:

1. Perseroan merupakan perusahaan jasa kontraktor pertambangan dan bukan merupakan pelaku usaha
ekspor, pemilik Izin Usaha Pertambangan (“TUP”), maupun pemilik fasilitas pengolahan dan/atau
pemurnian (smelter). Oleh karena itu, sampai dengan tanggal surat ini Perseroan menilai bahwa
rencana penerbitan PP Tata Kelola Ekspor SDA dimaksud belum memberikan dampak langsung
terhadap kegiatan usaha Perseroan.

The Company is a mining contractor service company and is not an exporter. holder of Mining
Business License (“IUP”), nor owner af processing and/or refining facilities (smelters). Therefore, as
Of the date af this letter, Ihe Company believes that the planned issuance of ihe GR on Natural
Resources Export Governance has not yet caused any direct impact on the Company 5 business
activities.

Perseroan senantiasa memantau perkembangan kebijakan Pemerintah dimaksud serta melakukan kajian
internal terhadap potensi dampak tidak langsung yang mungkin timbul terhadap kegiatan usaha
Perseroan, khususnya apabila kebijakan tersebut mempengaruhi kegiatan usaha pelaku usaha ekspor,
pemilik IUP, maupun pihak pengelola fasilitas pengolahan dan/atau pemurnian yang menjadi bagian
dari rantai pasok industri pertambangan.

The Company continuously monitors the development of such Government policy and conducts internal
assessments on potential indirect impacts that may arise on the Company business activities,
particularly if such policy affects exporters, IUP holders, and operators of processing and/or refining
Jacilities forming part of the nickel industry supply chain.

2. Sehubungan dengan potensi dampak atas rencana kebijakan tersebut terhadap Perseroan, dapat kami
sampaikan hal-hal sebagai berikut:
With respect to the potential impact of such policy plan on the Company, we hereby convey the
following:

Page 2 OCR 0.908
5 j PT SINAR TERANG MANDIRI Tbk

ai B MINING, CONSTRUCTIONS & ENGINEERING

a. Dampak terhadap kelangsungan usaha Perseroan
Impact on the Company $ business continuity

Sampai dengan tanggal surat ini, Perseroan belum melihat adanya dampak langsung terhadap
kelangsungan usaha Perseroan.

As of the date of this letter, the Company has not identified any direct impact yet on the
Company s business continuity.

Namun demikian, Perseroan tidak dapat mengesampingkan kemungkinan adanya dampak
tidak langsung apabila kebijakan tersebut mempengaruhi kegiatan usaha pemberi kerja atau
mitra usaha Perseroan yang bergerak di bidang ekspor, pengolahan dan/atau pemurnian nikel.

Nevertheless, the Company cannot rule out the possibility of indirect impacis should such
policy affect the business activities af the Company 5 customers or business partners engaged
in nickel export, processing, and/or refining activities.

b. Dampak terhadap kegiatan operasional Perseroan
Impact on the Company 5 operational activities

Sampai dengan tanggal surat ini, kegiatan operasional Perseroan masih berjalan normal dan
belum terdapat dampak langsung terhadap kegiatan operasional Perseroan.

As of the date of this letter, the Company 5 operational activities continue to run normally and
there has been no direct impact on the Company$ operations.

Meskipun demikian, apabila di kemudian hari terdapat kebijakan dari pelaku usaha ekspor,
pemilik TUP, maupun pihak pengelola fasilitas pengolahan dan/atau pemurnian yang
terdampak langsung oleh penerapan peraturan dimaksud, maka hal tersebut berpotensi
memberikan dampak tidak langsung terhadap kegiatan operasional Perseroan sebagai
kontraktor pertambangan.

However, should there be future policies implemented by exporters, IUP holders, and/or
operators of processing and/or refining facilities directly affected by such regulation, such
circumstances may potentially have indirect impacts on the Company5 operational activities
as a mining contractor.

c. Dampak terhadap kondisi keuangan Perseroan
Impact on the Company 5 financial condition

Sampai dengan tanggal surat ini, Perseroan belum dapat menentukan secara pasti dampak
finansial yang mungkin timbul terhadap pendapatan, laba usaha, laba bersih, maupun arus kas
Perseroan,

As of the date af this letter, the Company is unable to determine with certainty the potential
Jinancial impact on the Company revenue, operating profit, net profit, and cash flow.

Namun demikian, apabila terjadi penurunan aktivitas usaha dari pemberi kerja atau mitra
usaha Perseroan yang terdampak langsung oleh kebijakan tersebut, maka hal tersebut
berpotensi memberikan dampak tidak langsung terhadap kinerja keuangan Perseroan.

However, if there is a decline in business activities of the Company5 customers or business
partners directly affected by such policy, such circumstances may potentially have indirect
impacts on the Company 5 financial performance.

d. Dampak terhadap perjanjian kerja sama dengan pelanggan eksisting Perseroan
Impact on agreemenis with the Company 5 existing customers 5
OK

— AR
PA 9 »4

Lot. 28, Jakarta Selatan (12190)

3 r £

Page 3 OCR 0.898
Dr PT SINAR TERANG MANDIRI Tbk

memmus » MINING, CONSTRUCTIONS & ENGINEERING

Sampai dengan saat ini belum terdapat dampak langsung terhadap perjanjian kerja sama
Perseroan dengan pemberi kerja eksisting.

As of this date, there has been no direct impact on the Company5 agreements with existing
customers.

Namun demikian, Perseroan tidak dapat mengesampingkan kemungkinan adanya penyesuaian
kerja sama, termasuk potensi penghentian kontrak sebelum jangka waktu berakhir, apabila
terdapat kebijakan atau kondisi tertentu dari pihak pemberi kerja maupun pelaku usaha terkait
yang terdampak langsung oleh implementasi peraturan dimaksud.

Nevertheless, the Company cannot rule out the possibility of adjustments to cooperation
arrangemenis, including potential termination af contracts prior to their expiration dates,
should there be policies or certain conditions from customers or related business actors
directly affected by the implementation of such regulation.

c. Dampak terhadap pemenuhan kewajiban maupun covenant dalam perjanjian pembiayaan
Perseroan
Impact on the fulfillment of obligations and covenanis under the Companys financing
agreements

Sampai dengan tanggal surat ini, Perseroan menilai belum terdapat dampak terhadap
pemenuhan kewajiban maupun covenant dalam perjanjian pembiayaan Perseroan.

As Of the date of this letter the Company believes Ihat there has been no impact on the
Jilfillment of obligations or covenants under the Company 5 financing agreemenis.

£ Risiko hukum, termasuk risiko wanprestasi kontrak
Legal risks, including the risk of contractual default

Sampai dengan tanggal surat ini belum terdapat risiko hukum maupun potensi wanprestasi
kontrak yang bersifat material terhadap Perseroan.

As of the date of this letter, there have been no material legal risks or potential contractual
defaults affecring the Company.

Namun demikian, dalam kondisi tertentu Perseroan tidak dapat mengesampingkan
kemungkinan adanya klaim atau penyelesaian kontrak lebih awal oleh pihak tertentu apabila
implementasi kebijakan dimaksud mengakibatkan perubahan material terhadap kegiatan usaha
para pihak, termasuk apabila terdapat penafsiran force majeure berdasarkan ketentuan dalam
masing-masing perjanjian.

However, under certain circumstances, the Company cannot rule out the possibility of claims
or early contract termination by certain parties should the implementation of such policy
result in material changes to the business activities of the relevant parties, including
interpretations af force majeure provisions under respective agreements.

&. Dampak lainnya
Other impacts

Tidak terdapat dampak material lainnya yang dapat disampaikan oleh Perseroan sampai
dengan tanggal surat ini.

There are no other material impacts that can be conveyed by the Company as of the date of
Ihis letter.

5 Ae

A3 1 Ah, Sesiba ia 2190)”

Page 4 OCR 0.914
Sl PT SINAR TERANG MANDIRI Tbk

Sem B MINING, CONSTRUCTIONS & ENGINEERING

3. Dalam rangka mitigasi terhadap potensi perubahan kebijakan Pemerintah tersebut, Perseroan akan terus
melakukan pemantauan terhadap perkembangan regulasi, melakukan kajian internal, serta
mengevaluasi strategi usaha dan operasional Perseroan sesuai kebutuhan. Sampai dengan saat ini,
Perseroan belum memiliki rencana tindakan korporasi khusus terkait rencana kebijakan dimaksud.
Adapun lini masa (timeline) penyesuaian akan mengikuti perkembangan dan implementasi resmi dari
Pemerintah.

In order to mitigate the potential impact of such Government policy changes, the Company will
continue to monitor regulatory developments, conduct internal assessments, and evaluate its business
and operational strategies as necessary. As of this date, Ihe Company does not yet have any specific
corporate action plan related to such policy plan. The adjustment timeline, if any, will follow the
Official developmenis and implementation by the Government.

Perseroan akan senantiasa mematuhi ketentuan peraturan perundang-undangan yang berlaku serta
menyampaikan keterbukaan informasi sesuai ketentuan Otoritas Jasa Keuangan dan Bursa Efek Indonesia
apabila terdapat perkembangan material terkait hal tersebut.

The Company will continue to comply with the prevailing laws and regulations and will disclose any material
information in accordance with the regulations of the Financial Services Authority and the Indonesia Stock
Exchange should there be any material developments related to this matter.

Demikian penjelasan ini kami sampaikan. Atas perhatian dan kerja sama Bursa, kami ucapkan terima kasih.

Thus, we convey this explanation. We appreciate the attention and cooperation of the Exchange.

Hormat Kami,
Sincerely

dent Director

3 ' 3
an
2 Men AR

Lot, 28, Jakarta Selatan (12190)

File

File Open PDF
Source IDX
Size1.85 MB
Published28 May 2026
Pages4
Characters11,114
Text sourceOCR
OCR confidence0.913

Names mentioned 7 people and organisations named in the text · linked when the evidence is strong

linked org SINAR TERANG MANDIRI Tbk p.1 ×11
possible org PT Bursa Efek Indonesia p.1 ×4
possible org Otoritas Jasa Keuangan p.4
unresolved org PT Bursa Efek Indonesia Indonesia Stock Exchange Building p.1
unresolved org Indonesia Stock Exchange p.1 ×2
unresolved org Milik Negara p.1
unresolved org Financial Services Authority p.4

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