20260518_PDPP_Rencana Transaksi Perubahan Kegiatan Usaha_32091673_lamp2.pdf

                                  INTRODUCTION
This Information Disclosure is submitted in relation to the Company’s proposed change
in business activities through the addition of a new business activity based on the 2025
Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha
Indonesia Tahun 2025) (“KBLI 2025”), as stipulated under Statistics Indonesia Regulation
No. 7 of 2025 concerning the Indonesian Standard Industrial Classification, namely KBLI
38302 – Plastic Material Recovery (“KBLI 38302”).

The addition of such business activity forms part of the Company’s business
development efforts to support the Company’s business strategy and future business
expansion. In connection with the proposed addition of the aforesaid business activity,
pursuant to the provisions of POJK 17/2020, the Company is required to obtain
shareholders’ approval through a General Meeting of Shareholders (“GMS”).

Accordingly, the Company intends to convene a GMS in June 2026 to obtain approval for
the addition of the new business activity. Information regarding the schedule and other
important dates in relation to the convening of the said GMS will be further disclosed in
the final section of this Information Disclosure.


 EXPLANATION, CONSIDERATIONS, AND REASONS FOR THE ADDITION
                   OF BUSINESS ACTIVITIES
The Company plans to add a new business activity under KBLI 38302 as part of the
Company’s business development strategy to strengthen the Company’s position in the
plastics industry and to support sustainable business operations.

The proposed addition of such business activity is driven by the Company’s business
development in plastic material processing and recovery activities, particularly for
Polycarbonate (PC) and Polyethylene Terephthalate (PET) materials, including the
potential development of other types of materials in accordance with business needs and
market developments.

The addition of KBLI 38302 is expected to create opportunities for the development of new
business lines and new sources of revenue for the Company through the recovery of
plastic products that generate raw materials for commercial distribution. In addition,
such business activity is aligned with industry developments that increasingly emphasize
sustainability and circular economy principles, while also providing added value to the
Company through plastic material processing activities.

Taking the foregoing into consideration, the Company believes that the addition of KBLI
38302 is expected to support the Company’s business development and strengthen the
Company’s long-term performance.

       SUMMARY OF THE FEASIBILITY STUDY ON THE ADDITION OF
                      BUSINESS ACTIVITIES
A. Identity of the Appraiser
   The Company has appointed KJPP Herman Meirizki & Rekan as an independent
   appraiser (the “Independent Appraiser”), which has obtained a business license from
   the Ministry of Finance of the Republic of Indonesia pursuant to Minister of Finance
   Decree No. 66/KM.1/2014 dated 10 February 2014. KJPP Herman Meirizki & Rekan is
   also registered as a supporting professional services firm in the capital market with the
   Financial Services Authority (“OJK”).

  KJPP Herman Meirizki & Rekan has been registered as a Capital Market Supporting
  Profession (Business Valuer) pursuant to Capital Market Supporting Profession
  Registration Certificate No. STTD.PB-57/PM.02/2023 and is also registered as a Non-
  Bank Financial Industry Appraiser under Registration No. 296/PD.021/STTD-P/2023.

  The feasibility study was prepared in accordance with the Indonesian Valuation
  Standards (Standar Penilaian Indonesia or “SPI”) Seventh Edition–2018 and its revised
  editions, including SPI 300, SPI 310, SPI 320, SPI 321, and SPI 330, and refers to
  Financial Services Authority Regulation No. 35/POJK.04/2020 concerning Valuation
  and Presentation of Business Valuation Reports in the Capital Market, Financial
  Services Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions
  and Changes in Business Activities, as well as Financial Services Authority Circular
  Letter No. 17/SEOJK.04/2020.

  The appraiser who acted and signed the feasibility study report is Willyams, S.E.,
  MAPPI (Cert.), a Public Appraiser holding License No. B-1.22.00627 and MAPPI
  Membership No. 13-S-04028, who is a Partner at KJPP Herman Meirizki & Rekan
  holding Business License No. 2.14.0120, domiciled in South Jakarta with operational
  coverage throughout Indonesia.

B. Summary of the Feasibility Study Report
   The following is a summary of the Independent Appraiser’s report as set forth in the
   Feasibility Study Report No. 00018/2.0120-04/BS/04/0627/1//V/2026 dated 11 May
   2026.
  1. Purpose and Objective of the Feasibility Study
     The purpose and objective of this feasibility study are to provide an opinion
     regarding the feasibility of the proposed addition of KBLI 38302 in accordance with
     the provisions of POJK 17/2020.
  2. Date of the Feasibility Study
     The date of the feasibility study report is 31 December 2025.
  3. Scope of Investigation
     The Independent Appraiser was given the opportunity to conduct discussions and
     interviews with the management of the Company in support of the preparation of
     the feasibility study regarding the proposed addition of KBLI 38302 by the Company.
     In the course of such process, the Independent Appraiser conducted interviews

   with Mr. Dio in his capacity as the Company’s Corporate Secretary and also carried
   out a site visit to the Company’s manufacturing facility in Sukabumi, which will
   support the business activities under KBLI 38302.
4. Inspection Results
   Several findings obtained during the inspection in relation to the proposed addition
   of KBLI 38302 are as follows:
   • The Company manufactures various types of products, including gallon
      containers, jerry cans, bottles, straws, bottle caps, cleaning tissues, and various
      other household products;
   • The Company has 3 (three) manufacturing facilities designated for the proposed
      business activity, located in Binjai, Lampung, and Sukabumi;
   • The production process is carried out in accordance with the applicable
      operational standards, from raw material processing to finished products;
   • The production capacity for PC and PET jugs/gallons reaches approximately
      1,200,000 units per month;
   • During the initial operational stage, manpower requirements are expected to be
      fulfilled through the optimization of existing resources. Nevertheless, the
      Company will continue to ensure the availability of personnel with adequate
      technical competencies, including machine operators, technicians, and
      production support personnel.
5. Subsequent Event
   From the date of the feasibility study report up to the issuance date of this report,
   there have been no material events (subsequent events) that could significantly
   affect the results of the feasibility study analysis.
6. Appraiser Independence
   The Independent Appraiser declares that it has acted independently, has no conflict
   of interest, and is not affiliated with the parties involved in the engagement. The
   Independent Appraiser also has no personal interest or benefit in relation to the
   engagement. The professional fee received by the Independent Appraiser is not
   contingent upon the opinion expressed in this feasibility study report.
7. Publication Approval Requirements
   This feasibility study report is open for public disclosure, except for confidential
   information that may affect the Company’s operations. Any publication or use of the
   feasibility study report for purposes other than those stated in the purpose and
   objective of the feasibility study, as well as the use of this feasibility study report by
   parties other than the engaging party and the intended users stated in this feasibility
   study report, shall require the prior knowledge and written approval of the
   Independent Appraiser. The Independent Appraiser shall not be responsible for any
   claims, whether at present or in the future, arising from misuse or the use of part or
   all of the information contained in this feasibility study report for purposes other
   than those previously stated and by parties other than the intended users of this
   feasibility study report.
8. Conclusion
   Based on the review and analysis conducted on the legal, market, technical,
   business model, management, and financial aspects, the Independent Appraiser is

     of the opinion that the Company’s proposed addition of business activities under
     KBLI 38302 has favorable prospects and is feasible to implement. The proposed
     addition of such business activity is supported by the Company’s operational
     readiness, market demand prospects, and the results of financial analysis
     indicating investment feasibility. In addition, the Company is considered to possess
     adequate resource capacity, production facilities, and risk mitigation measures to
     support the implementation of the intended business activities.


       AVAILABILITY OF EXPERTISE IN RELATION TO THE PROPOSED
                  ADDITION OF BUSINESS ACTIVITIES
The Company has a workforce of 1,345 employees, consisting of 125 permanent
employees (9.29%) and 1,220 non-permanent employees (90.71%) (as of 31 December
2025). The Company also possesses experience and expertise in the plastics industry
that can support the implementation of KBLI 38302, including an understanding of
material characteristics, production processes, and the operation of relevant supporting
facilities and equipment. At the initial stage of the implementation of such business
activity, manpower requirements are expected to be fulfilled through the optimization of
the Company’s existing human resources. Along with the development of the business
activity, the Company will enhance its human resource capacity through training
programs and the gradual recruitment of additional personnel in accordance with the
Company’s operational needs.


       IMPACT OF THE ADDITION OF BUSINESS ACTIVITIES ON THE
                 COMPANY’S FINANCIAL CONDITION
The proposed addition of KBLI 38302 is expected to have a positive impact on the
Company’s financial condition. Based on the results of the financial feasibility analysis,
the proposed addition of KBLI 38302 demonstrates favorable feasibility indicators. This is
reflected by an Incremental Net Present Value (NPV) of IDR 18,461,227,000, a Discounted
Payback Period (DPP) of 1.36 years, a Profitability Index (PI) of 3.11 times, and an Internal
Rate of Return (IRR) of 293.24%, which exceeds the cost of capital (WACC).


       OTHER MATERIAL INFORMATION RELATED TO THE BUSINESS
                           ACTIVITIES
There are no other material matters related to the proposed addition of business
activities.


     INFORMATION ON THE GENERAL MEETING OF SHAREHOLDERS
To comply with the requirements under POJK 17/2020 in relation to the proposed addition
of Business Activities, the Company intends to obtain approval from the Shareholders at

the Annual General Meeting of Shareholders (“AGMS”) to be held on Wednesday, 24 June
2026.

The important dates in relation to the convening of the Company’s AGMS are as follows:

                         Activity                                      Date
 Notice of GMS Agenda                                              7 May 2026
 Announcement of GMS                                              18 May 2026
 Recording Date – Register of Shareholders                        29 May 2026
 Convocation of GMS                                                2 June 2026
 GMS Date                                                         24 June 2026
 Announcement of Summary of Minutes of GMS                        26 June 2026

The Company will seek approval of the AGMS in accordance with the provisions of
applicable laws and regulations, as well as the Company’s Articles of Association.


                          ADDITIONAL INFORMATION
If further information is required, please contact the Company during business days and
working hours (Monday–Friday, 08:00 AM – 05:00 PM Western Indonesia Time), at the
following address:

                            PT Primadaya Plastisindo Tbk
                       Jl. Raya Pasar Kemis No. 84, Sukaharja,
                   Sindang Jaya District, Tangerang Regency, Banten
                        Telephone: +62 21 5904 086, 5904 087
                              Website: www.pt-pdp.com
                             E-mail: corsec@pt-pdp.com