PT DIGITAL MEDIATAMA MAXIMA Tbk DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

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PT DIGITAL MEDIATAMA MAXIMA Tbk DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIES

LAPORAN KEUANGAN KONSOLIDASIAN TANGGAL 31 DESEMBER 2020 SERTA UNTUK TAHUN YANG BERAKHIR

PADA TANGGAL TERSEBUT DAN LAPORAN AUDITOR INDEPENDEN

CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2020

AND FOR THE YEAR THEN ENDED AND INDEPENDENT AUDITOR’S REPORT

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DAN LAPORAN AUDITOR INDEPENDEN

Halaman/

Pages

AND INDEPENDENT AUDITOR'S REPORT

DAFTAR ISI TABLE OF CONTENTS

Surat Pernyataan Direksi Directors’ Statement Letter

Laporan Auditor Independen Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian 1 - 3 Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan

Komprehensif Lain Konsolidasian 4 - 5

Consolidated Statement of Profit or Loss and Other Comprehensive Income Laporan Perubahan Ekuitas Konsolidasian 6 - 7 Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian 8 - 9 Consolidated Statement of Cash Flows

Catatan atas Laporan Keuangan Konsolidasian 10 - 119 Notes to the Consolidated Financial Statements

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The original report included herein is in the Indonesian language.

Laporan Auditor Independen

Laporan No. 00695/2.1051/AU.1/05/1029-2/1/V/2021 Pemegang Saham, Dewan Komisaris, dan Direksi PT DIGITAL MEDIATAMA MAXIMA Tbk

Independent Auditor’s Report

Report No. 00695/2.1051/AU.1/05/1029-2/1/V/2021

The Shareholders, Board of Commissioners, and Directors

PT DIGITAL MEDIATAMA MAXIMA Tbk

Kami telah mengaudit laporan keuangan konsolidasian PT Digital Mediatama Maxima Tbk dan Entitas Anaknya terlampir, yang terdiri atas laporan posisi keuangan konsolidasian tanggal 31 Desember 2020, serta laporan laba rugi dan penghasilan komprehensif lain, laporan perubahan ekuitas dan laporan arus kas konsolidasian untuk tahun yang berakhir pada tanggal tersebut, dan suatu ikhtisar kebijakan akuntansi signifikan dan informasi penjelasan lainnya.

We have audited the accompanying consolidated financial statements of PT Digital Mediatama Maxima Tbk and its Subsidiaries, which comprise the consolidated statement of financial position as of December 31, 2020, and the consolidated statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.

Tanggung jawab manajemen atas laporan keuangan konsolidasian

Management’s responsibility for the consolidated financial statements

Manajemen bertanggung jawab atas penyusunan dan penyajian wajar laporan keuangan konsolidasian tersebut sesuai dengan Standar Akuntansi Keuangan di Indonesia dan atas pengendalian internal yang dianggap perlu oleh manajemen untuk memungkinkan penyusunan laporan keuangan konsolidasian yang bebas dari kesalahan penyajian material, baik yang disebabkan oleh kecurangan maupun kesalahan.

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Indonesian Financial Accounting Standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

Tanggung jawab auditor Auditor’s responsibility

Tanggung jawab kami adalah untuk menyatakan suatu opini atas laporan keuangan konsolidasian tersebut berdasarkan audit kami. Kami melaksanakan audit kami berdasarkan Standar Audit yang ditetapkan oleh Institut Akuntan Publik Indonesia. Standar tersebut mengharuskan kami untuk mematuhi ketentuan etika serta merencanakan dan melaksanakan audit untuk memperoleh keyakinan memadai tentang apakah laporan keuangan konsolidasian tersebut bebas dari kesalahan penyajian material.

Our responsibility is to express an opinion on these consolidated financial statements based on our audit.

We conducted our audit in accordance with Standards on Auditing established by the Indonesian Institute of Certified Public Accountants. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement.

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Tanggung jawab auditor (lanjutan) Auditor’s responsibility (continued)

Suatu audit melibatkan pelaksanaan prosedur untuk memperoleh bukti audit tentang angka-angka dan pengungkapan dalam laporan keuangan konsolidasian.

Prosedur yang dipilih bergantung pada pertimbangan auditor, termasuk penilaian atas risiko kesalahan penyajian material dalam laporan keuangan konsolidasian, baik yang disebabkan oleh kecurangan maupun oleh kesalahan. Dalam melakukan penilaian risiko tersebut, auditor mempertimbangkan pengendalian internal yang relevan dengan penyusunan dan penyajian wajar laporan keuangan konsolidasian entitas untuk merancang prosedur audit yang tepat sesuai dengan kondisinya, tetapi bukan untuk tujuan menyatakan opini atas keefektivitasan pengendalian internal entitas. Suatu audit juga mencakup pengevaluasian atas ketepatan kebijakan akuntansi yang digunakan dan kewajaran estimasi akuntansi yang dibuat oleh manajemen, serta pengevaluasian atas penyajian laporan keuangan konsolidasian secara keseluruhan.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.

Kami yakin bahwa bukti audit yang telah kami peroleh adalah cukup dan tepat untuk menyediakan suatu basis bagi opini audit kami.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opini Opinion

Menurut opini kami, laporan keuangan konsolidasian terlampir menyajikan secara wajar, dalam semua hal yang material, posisi keuangan konsolidasian PT Digital Mediatama Maxima Tbk dan Entitas Anaknya tanggal 31 Desember 2020, serta kinerja keuangan dan arus kas konsolidasiannya untuk tahun yang berakhir pada tanggal tersebut, sesuai dengan Standar Akuntansi Keuangan di Indonesia.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of PT Digital Mediatama Maxima Tbk and its Subsidiaries as of December 31, 2020, and their consolidated financial performance and cash flows for the year then ended, in accordance with Indonesian Financial Accounting Standards.

KOSASIH, NURDIYAMAN, MULYADI, TJAHJO & REKAN

Juninho Widjaja, CPA

Izin Akuntan Publik No. AP.1029/Public Accountant License No. AP.1029 28 Mei 2021/May 28, 2021

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Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan

keuangan konsolidasian secara keseluruhan.

The accompanying notes to the consolidated financial statements form an integral part of these consolidated

financial statements taken as whole.

Catatan/

Notes 2020 2019

ASET ASSETS

ASET LANCAR CURRENT ASSETS

Kas dan setara kas 2e,2p,5,30 250.458.659.483 441.271.519.945 Cash and cash equivalents

Investasi lainnya 2f,2p,6,8a,30 - 105.896.014.000 Other investments

Piutang usaha - neto 2p,7,30 Trade receivables - net

Pihak ketiga 64.027.100.777 14.040.628.426 Third parties

Pihak berelasi 2f,8b 6.590.427.676 16.149.064.407 Related parties

Piutang lain-lain 2p,30 Other receivables

Pihak ketiga 26.014.129 6.644.138 Third parties

Pihak berelasi 2f,8c 138.475.986.028 2.816.711.693 Related parties

Pendapatan yang

masih harus diterima 2n,2p,30 207.123.288 713.753.425 Accrued income

Persediaan 2g,9,11,25 108.261.660.159 33.283.081.754 Inventories

Uang muka 2f,8d,10 23.376.055.514 78.713.584.612 Advances

Beban dibayar di muka 2h 720.910.282 8.179.032 Prepaid expenses

Pajak dibayar di muka 2o,17a 14.807.327.430 3.479.397.892 Prepaid taxes

Total Aset Lancar 606.951.264.766 696.378.579.324 Total Current Assets

ASET TIDAK LANCAR NON-CURRENT ASSETS

2i,2j,9,11,18,

Aset tetap - neto 19,25,27 155.437.261.128 10.733.120.320 Property and equipment - net Aset takberwujud - neto 2j,2k,12,13,27 7.810.389.465 122.812.500 Intangible assets - net

Investasi saham 2p,14,30 22.193.263.679 - Investment in shares

Aset pajak tangguhan 2o,17e 124.574.836 154.018.500 Deferred tax assets

Beban tangguhan 12,13 - 2.961.268.815 Deferred charges

Aset tidak lancar lainnya 15 7.550.000.000 - Other non-current assets

Total Aset Tidak Lancar 193.115.489.108 13.971.220.135 Total Non-current Assets

TOTAL ASET 800.066.753.874 710.349.799.459 TOTAL ASSETS

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Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial

Notes 2020 2019

LIABILITAS LIABILITIES

LIABILITAS JANGKA PENDEK CURRENT LIABILITIES

Utang usaha 2p,16,30 Trade payables

Pihak ketiga 18.419.864.907 20.149.409.604 Third parties

Pihak berelasi 2f,8e 14.918.885.767 4.666.732.832 Related parties

Utang lain-lain 2p,30 Other payables

Pihak ketiga 3.114.047.941 594.047.961 Third parties

Pihak berelasi 2f,8f 764.976.578 422.193.077 Related parties

Beban akrual 2p,30 273.000.469 235.649.052 Accrued expenses

Uang muka penjualan 2f,2n,8g 1.139.039.077 2.669.819.942 Unearned revenues

Utang pajak 2o,17b 3.148.662.831 1.421.232.037 Taxes payable

Bagian utang jangka panjang

yang jatuh tempo dalam Current portion of

waktu satu tahun 2p,11,30 long-term liabilities

Utang bank 2f,8l,18 15.846.170.096 - Bank loans

Utang pembiayaan 19 347.127.093 90.860.000 Financing payables

Total Liabilitas Jangka Pendek 57.971.774.759 30.249.944.505 Total Current Liabilities

LIABILITAS JANGKA PANJANG NON-CURRENT LIABILITIES

Utang jangka panjang setelah Long-term liabilities -

dikurangi bagian jangka pendek 2p,11,30 net of current portion

Utang bank 2f,8l,18 55.161.443.399 - Bank loans

Utang pembiayaan 19 1.168.563.975 - Financing payables

Liabilitas imbalan kerja karyawan 2l,20,27 1.342.360.000 616.074.000 Employee benefits liabilities

Total Liabilitas Jangka Panjang 57.672.367.374 616.074.000 Total Non-current Liabilities

TOTAL LIABILITAS 115.644.142.133 30.866.018.505 TOTAL LIABILITIES

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Notes 2020 2019

EKUITAS EQUITY

Ekuitas yang dapat diatribusikan Equity attributable to

kepada pemilik Entitas Induk Owners of the Company

Modal saham - nilai nominal Share capital - par value

Rp10 per saham Rp10 per share

Modal dasar - Authorized capital -

20.000.000.000 saham 20,000,000,000

Modal ditempatkan dan disetor Issued and fully paid capital -

7.692.307.700 saham 21 76.923.077.000 76.923.077.000 7,692,307,700 shares Tambahan modal disetor 2r,2v,4,23 576.750.717.233 577.406.502.173 Additional paid-in capital

Saham treasuri 2w,21 (26.819.640.200) - Treasury stock

Saldo laba Retained earnings

Telah ditentukan penggunaannya 22 200.000.000 100.000.000 Appropriated

Belum ditentukan penggunaannya 56.939.551.867 25.026.362.472 Unappropriated

Total ekuitas yang dapat diatribusikan Total equity attributable to kepada pemilik Entitas Induk 683.993.705.900 679.455.941.645 Owners of the Company Kepentingan non-pengendali 2d 428.905.841 27.839.309 Non-controlling interests

TOTAL EKUITAS 684.422.611.741 679.483.780.954 TOTAL EQUITY

TOTAL LIABILITAS DAN EKUITAS 800.066.753.874 710.349.799.459 TOTAL LIABILITIES AND EQUITY

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Catatan atas laporan keuangan konsolidasian terlampir The accompanying notes to the consolidated financial

Catatan/

2020 Notes 2019

2f,2n,

PENDAPATAN NETO 517.197.997.739 8h,24 211.001.743.239 NET REVENUES 2f,2n,8i,

BEBAN POKOK PENDAPATAN 469.098.571.491 9,11,25 185.497.511.558 COST OF REVENUES

LABA KOTOR 48.099.426.248 25.504.231.681 GROSS PROFIT

BEBAN USAHA 2n OPERATING EXPENSES

2f,2m,8j, 8k,11,12,

Beban umum dan administrasi 18.223.838.876 17f,20,27 9.797.135.862 General and administrative expenses

Beban penjualan 4.290.245.855 26 3.465.505.445 Selling expenses

Total Beban Usaha 22.514.084.731 13.262.641.307 Total Operating Expenses

LABA USAHA 25.585.341.517 12.241.590.374 OPERATING INCOME

PENGHASILAN (BEBAN)

LAIN-LAIN 2n OTHER INCOME (EXPENSES)

Pendapatan keuangan 15.332.734.800 2p,5 6.375.205.480 Finance income

Pendapatan sewa 400.000.000 2f,2m,8k - Rent income

Beban keuangan (3.464.594.420) 2p,18,19 (258.993.797 ) Finance expenses

Beban penyisihan atas kerugian Allowance for expected credit

kredit ekspektasian piutang usaha (154.462.231) 2p,7 - losses of trade receivables

Laba investasi lainnya

yang belum terealisasi - 2p,6 2.120.610.039 Unrealized gain on other investments Laba (rugi) selisih kurs - neto - 2s (15.519.044 ) Loss on foreign exchange - net

Loss on write-off of

Rugi penghapusan aset tetap - 2i,11 (9.864.318 ) property and equipment

Lain-lain - neto (565.648.995) (712.537.023 ) Others - net

Total Penghasilan Lain-Lain - Neto 11.548.029.154 7.498.901.337 Total Other Income - Net

LABA SEBELUM BEBAN INCOME BEFORE

PAJAK PENGHASILAN 37.133.370.671 19.740.491.711 INCOME TAX EXPENSE

BEBAN PAJAK

PENGHASILAN - NETO (5.112.193.264) 2o,17c (3.191.793.978 ) INCOME TAX EXPENSE - NET

LABA NETO TAHUN BERJALAN NET INCOME FOR THE YEAR

SEBELUM DAMPAK BEFORE EFEFCT OF

PENYESUAIAN PROFORMA 32.021.177.407 16.548.697.733 PROFORMA ADJUSTMENT

Dampak penyesuaian proforma atas Effect of proforma adjustment on

laba neto tahun berjalan - 2r 34.318.619 net income for the year

LABA NETO TAHUN BERJALAN NET INCOME FOR THE YEAR

SETELAH DAMPAK AFTER EFFECT OF

PENYESUAIAN PROFORMA 32.021.177.407 16.583.016.352 PROFORMA ADJUSTMENT

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KOMPREHENSIF LAIN KONSOLIDASIAN Untuk Tahun yang Berakhir Pada Tanggal

31 Desember 2020

(Disajikan dalam Rupiah, kecuali dinyatakan lain)

CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For The Year Ended December 31, 2020 (Expressed in Rupiah, unless otherwise stated)

Catatan/

2020 Notes 2019

PENGHASILAN (RUGI) OTHER COMPREHENSIVE

KOMPREHENSIF LAIN INCOME (LOSS)

Pos-pos yang tidak akan Items that will not be

direklasifikasi ke laba rugi reclassified to profit or loss

periode berikutnya: in subsequent period:

Pengukuran kembali Remeasurement of

liabilitas imbalan kerja 125.165.000 2l,20 (85.006.000 ) employee benefits liabilities Pajak penghasilan terkait (30.086.480) 2o,17e 21.251.500 Related income tax

PENGHASILAN (RUGI) OTHER COMPREHENSIVE

KOMPREHENSIF INCOME (LOSS)

LAIN - SETELAH PAJAK 95.078.520 (63.754.500 ) - NET OF TAX

TOTAL LABA TOTAL COMPREHENSIVE

KOMPREHENSIF 32.116.255.927 16.519.261.852 INCOME

Laba neto tahun berjalan Net income for the year

yang dapat diatribusikan kepada: attributable to:

Pemilik Entitas Induk 31.918.591.277 16.563.609.649 Owners of the Company Kepentingan non-pengendali 102.586.130 2d 19.406.703 Non-controlling interests

TOTAL 32.021.177.407 16.583.016.352 TOTAL

Total laba komprehensif Total comprehensive income

yang dapat diatribusikan kepada: attributable to:

Pemilik Entitas Induk 32.013.189.395 16.499.855.149 Owners of the Company Kepentingan non-pengendali 103.066.532 2d 19.406.703 Non-controlling interests

Total 32.116.255.927 16.519.261.852 Total

LABA PER SAHAM EARNINGS PER SHARE

YANG DIATRIBUSIKAN KEPADA ATTRIBUTABLE TO

PEMILIK ENTITAS INDUK 4,40 2u,32 7,57 OWNERS OF THE COMPANY

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Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/

Equity Attributable to Owners of the Company Saldo laba/

Retained earnings

Catatan/

Notes

Modal saham/

Share capital

Tambahan modal disetor/

Additional paid-in capital

Proforma modal yang berasal dari transaksi restrukturisasi entitas

sepengendali/

Capital proforma arising from restructuring transactions of entities under common control

Telah Ditentukan Penggunaannya/

Appropriated

Belum Ditentukan Penggunaannya/

Unappropriated

Total/

Total

Kepentingan non- pengendali/

Non-controlling interests

Total Ekuitas/

Total Equity

Saldo 1 Januari 2019 13.700.000.000 739.443.470 503.010.227 - 8.626.507.323 23.568.961.020 331.463.997 23.900.425.017 Balance as of January 1, 2019

Laba neto tahun berjalan - - - - 16.563.609.649 16.563.609.649 19.406.703 16.583.016.352 Net incomefor the year

Dampak penyesuaian proforma atas

laba netotahun berjalan - - (34.318.619 ) - - (34.318.619 ) - (34.318.619 )

Effect of proforma adjustment on net income for the year

Setoran modal 63.223.077.000 - - - - 63.223.077.000 - 63.223.077.000 Paid-in capital

Penambahan modal ditempatkan dan disetor penuh melalui

Penawaran Umum Saham Perdana 23 - 576.792.367.095 - - - 576.792.367.095 - 576.792.367.095

Additional paid-in capital through Initial Public Offering

Pelepasan Entitas Anak - - - - - (323.031.391 ) (323.031.391 ) Divestment of Subsidiaries

Selisih nilai

transaksi restrukturisasi

entitas sepengendali 2r,23 - (125.308.392 ) (468.691.608 ) - - (594.000.000 ) - (594.000.000 )

Differences in value arising from restructuring transactions of entities under common control Penghasilan (rugi)

komprehensif lain: Other comprehensive income (loss):

Pengukuran kembali

liabilitas imbalan kerja 2l,20 - - - - (85.006.000 ) (85.006.000 ) - (85.006.000 )

Remeasurement of employee benefits liabilities

Pajak penghasilan terkait 2o,17e - - - - 21.251.500 21.251.500 - 21.251.500 Related income tax

Cadangan umum 22 - - - 100.000.000 (100.000.000 ) - - - Appropriation of retained earnings

Saldo 31 Desember 2019 76.923.077.000 577.406.502.173 - 100.000.000 25.026.362.472 679.455.941.645 27.839.309 679.483.780.954 Balance as of December 31, 2019

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Ekuitas yang Dapat Diatribusikan Kepada Pemilik Entitas Induk/

Equity Attributable to Owners of the Company Saldo laba/

Retained earnings

Catatan/

Notes

Modal saham/

Share capital

Tambahan modal disetor/

Additional paid-in capital

Saham treasuri/

Treasury stock

Telah Ditentukan Penggunaannya/

Appropriated

Belum Ditentukan Penggunaannya/

Unappropriated

Total/

Total

Kepentingan non- pengendali/

Non-controlling interests

Total Ekuitas/

Total Equity

Saldo 1 Januari 2020 76.923.077.000 577.406.502.173 - 100.000.000 25.026.362.472 679.455.941.645 27.839.309 679.483.780.954 Balance as of January 1, 2020

Laba neto tahun berjalan - - - - 31.918.591.277 31.918.591.277 102.586.130 32.021.177.407 Net incomefor the year

Saham treasuri 2w,21 - - (26.819.640.200 ) - - (26.819.640.200 ) - (26.819.640.200 ) Treasury stock

Beban emisi 2v,23 - (655.784.940 ) - - - (655.784.940 ) - (655.784.940 ) Share issuance costs

Penambahan modal saham Entitas

Anak - - - - - - 298.000.000 298.000.000 Additional paid-in capital of Subsidiary

Penghasilan (rugi)

komprehensif lain: Other comprehensive income (loss):

Pengukuran kembali

liabilitas imbalan kerja 2l,20 - - - - 124.549.100 124.549.100 615.900 125.165.000

Remeasurement of employee benefits liabilities

Pajak penghasilan terkait 2o,17e - - - - (29.950.982 ) (29.950.982 ) (135.498 ) (30.086.480 ) Related income tax

Cadangan umum 22 - - - 100.000.000 (100.000.000 ) - - - Appropriation of retained earnings

Saldo 31 Desember 2020 76.923.077.000 576.750.717.233 (26.819.640.200 ) 200.000.000 56.939.551.867 683.993.705.900 428.905.841 684.422.611.741 Balance as of December 31, 2020

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(Disajikan dalam Rupiah, kecuali dinyatakan lain) (Expressed in Rupiah, unless otherwise stated)

2020 2019

ARUS KAS DARI CASH FLOWS FROM

AKTIVITAS OPERASI OPERATING ACTIVITIES

Penerimaan dari pelanggan 475.084.919.023 187.571.561.757 Receipts from customers

Pendapatan keuangan 15.839.364.937 5.661.452.055 Finance income

Pembayaran kepada pemasok (529.412.474.943 ) (195.314.518.545) Payment to suppliers

Pembayaran kepada karyawan (11.799.628.616 ) (7.917.776.965) Payment to employees

Pembayaran beban keuangan (3.464.594.420 ) (258.993.797) Payment of finance expenses

Pembayaran pajak (3.424.112.464 ) (4.063.999.359) Payment for taxes

Pembayaran beban penjualan Payment for selling, general

umum dan administrasi, and administrative expenses,

dan kegiatan operasi lainnya (142.520.904.183 ) (10.813.798.167) and other operating activities

Arus Kas Neto Digunakan Untuk Net Cash Flows Used In

Aktivitas Operasi (199.697.430.666 ) (25.136.073.021) Operating Activities

AKTIVITAS INVESTASI INVESTING ACTIVITIES

Penjualan (penempatan) Redemption of (placement on)

investasi lain-lain 105.896.014.000 (103.775.403.961) other investments

Penerimaan dari pembatalan Proceeds from cancellation (additional)

(penambahan) uang muka advances for purchase of

pembelian aset tetap 10.747.098.258 (64.034.282.531) property and equipment

Penjualan aset tetap 6.666.644 - Sale of property and equipment

Acquisition of

Perolehan aset tetap (47.797.077.140 ) (10.764.856.149) property and equipment

Penyertaan investasi saham (22.193.263.679 ) - Investment in shares

Aset tidak lancar lainnya (7.550.000.000 ) - Other non-current assets

Perolehan aset takberwujud (4.926.639.575 ) (144.000.000) Acquisition of intangible assets Penyertaan saham pada Entitas Anak - (594.000.000) Investment in shares of Subsidiary

Arus Kas Neto Net Cash Flows

Diperoleh dari (Digunakan Untuk) Provided By (Used In)

Aktivitas Investasi 34.182.798.508 (179.312.542.641) Investing Activities

AKTIVITAS PENDANAAN FINANCING ACTIVITIES

Penerimaan dari utang bank 11.588.252.273 - Proceeds from long-term bank loans

Pembelian saham treasuri (26.819.640.200 ) - Purchase of treasury stock

Pembayaran utang bank (9.292.386.505 ) - Payment of long-term bank loans

Penambahan beban emisi saham (655.784.940 ) - Stock issuance costs

Pembayaran utang pembiayaan (118.668.932 ) (86.955.000) Payment of financing payables Penawaran Umum Perdana Saham - 592.307.694.000 Initial Public Offering of shares

Peningkatan modal saham - 63.223.077.000 Additional paid-in capital

Penerimaan pinjaman dari

pihak berelasi - 342.093.888 Proceeds from due to related parties

Beban emisi saham - (15.515.326.905) Share issuance costs

Pembayaran kepada pihak berelasi - (550.000.000) Payment for due to related parties

Arus Kas Neto Diperoleh Dari Net Cash Flows

(Digunakan untuk) Provided By (Used In)

Aktivitas Pendanaan (25.298.228.304 ) 639.720.582.983 Financing Activities

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31 Desember 2020

(Disajikan dalam Rupiah, kecuali dinyatakan lain)

For The Year Ended December 31, 2020 (Expressed in Rupiah, unless otherwise stated)

2020 2019

KENAIKAN (PENURUNAN) NETO NET INCREASE (DECREASE) IN

KAS DAN SETARA KAS (190.812.860.462 ) 435.271.967.321 CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS CASH AND CASH EQUIVALENTS

PADA AWAL TAHUN 441.271.519.945 6.395.780.049 AT BEGINNING OF THE YEAR

ENTITAS ANAK OF SUBSIDIARIES

SEBELUM PELEPASAN - (396.227.425) BEFORE DIVESTMENT

PADA AKHIR TAHUN 250.458.659.483 441.271.519.945 AT END OF THE YEAR

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a. Pendirian a. Establishment PT Digital Mediatama Maxima Tbk (“Entitas Induk”)

didirikan dengan nama PT Digital Marketing Solution berdasarkan Akta Notaris No. 28 tanggal 15 September 2015 yang dibuat dihadapan Imron, S.H. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-2456477.AH.01.01.TAHUN 2015 tanggal 16 September 2015 dan diumumkan dalam Berita Negara Republik Indonesia No. 7, Tambahan No. 775 tahun 2016.

PT Digital Mediatama Maxima Tbk (the “Company”) was established under the name of PT Digital Marketing Solution based on Notarial Deed No. 28 dated September 15, 2015 of Imron, S.H. The deed of establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-2456477.AH.01.01.

TAHUN 2015 dated September 16, 2015 and was published in the State Gazette of the Republic of Indonesia No. 7, Supplement No. 775 in 2016.

Berdasarkan Akta Notaris No. 31 oleh Rose Takarina, S.H., tanggal 23 Januari 2019, para pemegang saham menyetujui perubahan nama Entitas Induk dari PT Digital Marketing Solution menjadi PT Digital Mediatama Maxima. Perubahan tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia berdasarkan surat No. AHU-007141.AH.01.02.TAHUN 2019 pada tanggal 12 Februari 2019.

Based on Notarial Deed No. 31 dated January 23, 2019 by Rose Takarina, S.H., the shareholders approved the change of the Company’s name from PT Digital Marketing Solution to PT Digital Mediatama Maxima. The amendment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-007141.AH.01.02.TAHUN 2019 dated February 12, 2019.

Anggaran dasar Entitas Induk telah mengalami beberapa kali perubahan. Perubahan terakhir diaktakan dengan Akta Notaris No. 180 oleh Christina Dwi Utami, S.H., M.Hum., M.Kn., tanggal 17 Desember 2019 mengenai peningkatan modal ditempatkan dan disetor melalui Penawaran Umum Perdana Saham. Perubahan tersebut telah diberitahukan kepada Menteri Hukum dan Hak Asasi Manusia dan telah diterima serta dicatat berdasarkan surat No. AHU-AH.01.03-0019619 pada tanggal 14 januari 2020.

The Company’s Articles of Association have been amended several times. The latest amendment was based on Notarial Deed No. 180 dated December 17, 2019 by Christina Dwi Utami, S.H., M.Hum., M.Kn., concerning the increase of issued and fully paid capital through an Initial Public Offering. The amendment was notified to the Ministry of Law and Human Rights of the Republic of Indonesia and was acknowledged and recorded through Decision Letter No. AHU-AH.01.03-0019619 dated January 14, 2020.

Sesuai dengan Pasal 3 Anggaran Dasar Entitas Induk, ruang lingkup kegiatan Entitas Induk adalah bergerak dalam bidang perdagangan, pembangunan, jasa, pertanian, transportasi angkutan darat, perbengkelan dan percetakan. Saat ini, Entitas Induk bergerak dalam bidang jasa pengelolaan iklan berbasis cloud digital dan telekomunikasi.

According to Article 3 of the Company‘s Articles of Association, the Company’s scope of activities is to engage in trade, development, services, agriculture, land transportation, workshop and printing.

Currently, the Company is engaged in management services digital cloud advertising business and telecommunication.

Entitas Induk berdomisili di AXA Tower Lantai 7, Jl. Prof. Dr. Satrio Kav 18, Karet kuningan, Setiabudi, Jakarta Selatan. Entitas Induk memulai kegiatan operasi komersilnya pada tahun 2015.

The Company is domiciled in AXA Tower, 7^th Floor, Jl. Prof. Dr. Satrio, Karet Kuningan, Setiabudi, South Jakarta. The Company started its commercial operations in 2015.

Entitas langsung dari Entitas Induk adalah PT NFC Indonesia Tbk, yang didirikan dan berdomisili di Indonesia, sedangkan Entitas Induk terakhir adalah PT Kresna Prima Invest, yang didirikan dan berdomisili di Indonesia.

The Company’s parent company is PT NFC Indonesia Tbk, which is established and domiciled in Indonesia, while its ultimate parent company is PT Kresna Prima Invest, established and domiciled also in Indonesia.

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b. Penawaran Umum Saham Entitas Induk dan Aksi Korporasi Lainnya

b. Public Offering of Shares of the Company and Other Corporate Action

Berdasarkan Akta Notaris No. 131 dari Christina Dwi Utami, S.H., M.Hum., M.Kn., tanggal 15 Juli 2019, para pemegang saham menyetujui rencana Penawaran Umum Saham Perdana Biasa kepada masyarakat melalui pasar modal serta melakukan pencatatan saham Perusahaan di Bursa Efek Indonesia (“BEI”).

Based on Notarial Deed No. 131 dated July 15, 2019 of Christina Dwi Utami, S.H., M.Hum., M.Kn., the shareholders approved the Initial Public Offering of Ordinary Shares plan to the public through capital market and listing of the Company’s shares on the Indonesia Stock Exchange (“IDX”).

Entitas Induk telah menerima Surat Pernyataan Efektif dari Kepala Eksekutif Pengawas Pasar Modal atas nama Dewan Komisioner Otoritas Jasa Keuangan (“OJK”) dengan surat No. S-147/D.04/

2019 tanggal 11 Oktober 2019 untuk melakukan penawaran umum saham kepada masyarakat sebanyak 2.692.307.700 saham dengan nilai nominal Rp 10 per saham dengan harga penawaran Rp230 per saham. Saham-saham tersebut seluruhnya telah dicatatkan pada Bursa Efek Indonesia tanggal 21 Oktober 2019.

The Company had received the Notice of Effectivity from Executive Head of Capital Market Supervisory on behalf of Board of Commissioner of Financial Service Authority (“OJK”) No. S-147/D.04/2019 dated October 11, 2019 to conduct initial public offering of 2,692,307,700 shares with par value of Rp10 per share, at an offering price of Rp230 per shares. All shares were listed in the Indonesia Stock Exchange on October 21, 2019.

Dana yang diperoleh Entitas Induk dari hasil Penawaran Umum Perdana Saham, setelah dikurangi dengan beban-beban emisi sebesar Rp576.750.717.233 akan dipergunakan untuk meningkatkan modal kerja, meningkatkan teknologi komunikasi informasi dan pengembangan dan pembinaan Sumber Daya Manusia.

Proceeds received by the Company from Initial Public Offering, net of Shares net of stock issuance cost amounting to Rp576,750,717,233 will be used to increase working capital, to improve information communication technology and to develop Human Resources.

c. Entitas Anak c. The Subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2020 dan 2019 meliputi laporan keuangan Entitas Induk dan Entitas Anak (secara kolektif disebut sebagai “Grup”) dimana Entitas Induk memiliki pengendalian secara langsung dengan rincian sebagai berikut:

The consolidated financial statements as of December 31, 2020 and 2019 include the financial statements of the Company and its Subsidiaries (collectively referred to as “Group”) that are controlled by the Company directly with the following details:

Entitas Anak/

Subsidiaries

Domisili/

Domicile

Persentase Kepemilikan/

Percentage of Ownership

Tahun Beroperasi Komersial/Start

of Commercial Operations

Total Aset/Total Assets

2020 2019

PT Digital Consumer Engagement Jakarta 99% 2017 150.012.849.916 37.513.598.705

PT Digital Maxima Indonesia Jakarta 99% 2019 149.535.389.072 6.787.231.838

PT DMMX Media Maxima^*) Jakarta 95% 2020 10.675.585.000 -

PT Sinergi Bangun Mandiri**) Jakarta - -

PT Mandiri Tritama Perkasa**) Jakarta - -

*) Tidak diaudit, dengan total aset 1,33% dari total aset konsolidasian (suatu jumlah yang tidak material) pada tanggal 31 Desember 2020.

*) Unaudited, with total assets of 1.33% from the consolidated total assets (immaterial amount) as of December 31, 2020.

**) Pada tanggal-tanggal 8 Maret dan 25 Maret 2019, Entitas Induk menjual kepemilikan pada SBM dan MTP, sehingga SBM dan MTP tidak dikonsolidasikan pada tanggal 31 Desember 2019.

**) On March 8 and 25, 2019, the Company sold its ownership on SBM and MTP, as a result, SBM and MTP are no longer consolidated as of December 31, 2019.

PT Digital Consumer Engagement (DCE) PT Digital Consumer Engagement (DCE)

DCE didirikan berdasarkan Akta Notaris No. 38 tanggal 15 Mei 2015 yang dibuat di hadapan Imron, S.H. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-2439954.AH.01.01.Tahun 2015 tanggal 21 Mei 2015 dan diumumkan dalam Berita Negara Republik Indonesia No. 55, Tambahan No. 36319

DCE was established based on Notarial Deed No. 38 dated May 15, 2015 of Imron, S.H. The deed of establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-2439954.AH.01.01.Tahun 2015 dated May 21, 2015 and was published in the State Gazette No. 55, Supplement No. 36319 in 2015.

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c. Entitas Anak (lanjutan) c. The Subsidiaries (continued)

PT Digital Consumer Engagement (DCE) (lanjutan)

PT Digital Consumer Engagement (DCE) (continued)

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 11 tanggal 10 Agustus 2018, Entitas Induk menandatangani perjanjian jual beli untuk membeli 99% kepemilikan saham di DCE atau sebanyak 1.980 lembar saham dari Augustinus Liauw, Budiasto Kusuma, Putra Pribadi, Supardi Tan, Yanty Mety dan Lianawati Sulistijono, dengan harga akuisisi sebesar Rp198.000.000 yang sama dengan nilai nominal.

Based on Notarial Deed No. 11 dated August 10, 2018 of Rose Takarina, S.H., the Company signed a sale and purchase agreement to purchase 99%

ownership in DCE or 1,980 shares from Augustinus Liauw, Budiasto Kusuma, Putra Pribadi, Supardi Tan, Yanty Mety and Lianawati Sulistijono at an acquisition price amounting to Rp198,000,000 with the same as the nominal amount.

Akta tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-AH.01.03-0231964 tanggal 13 Agustus 2018.

The deed was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-AH.01.03-0231964 dated August 13, 2018.

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 57 tanggal 22 Desember 2020, PT Jaya Distribusi Ritel membeli 1% kepemilikan saham di DCE atau sebanyak 20 lembar saham dari Budiasto Kusuma, dengan harga Rp2.000.000 atau sama dengan nilai nominal. DCE melakukan peningkatan modal dasar menjadi Rp120.000.000.000 atau sebanyak 1.200.000 lembar saham dan peningkatan modal disetor menjadi Rp30.000.000.000.

Based on Notarial Deed No. 57 dated December 22, 2020 of Rose Takarina, S.H., PT Jaya Distribusi Ritel purchase 1% ownership in DCE or 20 shares from Budiasto Kusuma at price amounting to Rp2,000,000 or the same as the nominal amount. DCE increased its authorized capital amounting to Rp120,000,000,000 or 1,200,000 shares and increased issued and fully paid capital amounting to Rp30,000,000,000.

Akta tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-AH.01.03-0424701 tanggal 22 Desembar 2020.

The deed was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-AH.01.03-0424701 dated December 22, 2020.

DCE bergerak dalam bidang perdagangan, pembangunan, jasa, percetakan,pengangkutan darat dan pertanian dan berdomisili di Jakarta. DCE mulai beroperasi pada tahun 2017.

DCE is engaged in trade, development, services, printing, land transportation and agriculture, and is domiciled in Jakarta. DCE started its commercial operations in 2017.

PT Digital Maxima Indonesia (DMI) PT Digital Maxima Indonesia (DMI)

DMI didirikan berdasarkan Akta Notaris No. 40 tanggal 6 Oktober 2018 yang dibuat di hadapan Tan Sussy, S.H. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-0047800.AH.01.01.Tahun 2018 tanggal 9 Oktober 2018.

DMI was established based on Notarial Deed No. 40 dated October 6, 2018 of Tan Sussy, S.H. The deed of establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-0047800.AH.01.01.Tahun 2018 dated October 9, 2018.

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 64 tanggal 27 Februari 2019, Entitas Induk menandatangani perjanjian jual beli untuk membeli 99% kepemilikan saham di DMI atau sebanyak 594 lembar saham dari Budiasto Kusuma dan Supardi Tan, dengan harga akuisisi sebesar Rp594.000.000 yang sama dengan nilai nominal (Catatan 4).

Based on Notarial Deed No. 64 dated February 27, 2019 of Rose Takarina, S.H., the Company signed a sale and purchase agreement to purchase 99%

ownership in DMI or 594 shares from Budiasto Kusuma and Supardi Tan at acquisition cost amounting to Rp594,000,000 with the same as the nominal amount (Note 4).

Akta tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-AH.01.03-0152400 tanggal 18 Maret 2019.

The deed was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-AH.01.03-0152400 dated March 18, 2019.

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PT Digital Maxima Indonesia (DMI) (lanjutan) PT Digital Maxima Indonesia (DMI) (continued)

DMI bergerak dalam bidang perdagangan umum dan jasa, dan berdomisili di Jakarta. DMI mulai beroperasi pada tahun 2019.

DMI is engaged in trade and services, and is domiciled in Jakarta. DMI started its commercial operations in 2019.

PT DMMX Media Maxima (DMMX) PT DMMX Media Maxima (DMMX)

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 49 tanggal 24 Agustus 2020, Entitas Induk dan DCE mendirikan DMMX, yang bergerak dalam bidang perdagangan, telekomunikasi, pengembangan aplikasi melalui internet (E- Commerce), pemrograman komputer, teknologi informasi dan jasa komputer lainnya, portal web atau platform digital dengan tujuan komersial dan periklanan dan berdomisili di Jakarta, dengan modal dasar sebesar Rp12.500.000.000 atau 125.000.000 lembar saham dengan nilai nominal Rp100 per saham dan modal ditempatkan dan disetor penuh sebesar Rp3.125.000.000 dan telah disetor pada tanggal 11 Desember 2020 sebesar Rp3.093.750.000, dimana 99% saham diambil bagian oleh Entitas Induk.

Based on Notarial Deed No. 49 dated August 24, 2020 of Rose Takarina, S.H., the Company and DCE established DMMX, which is engaged in trading, telecommunications, application development via the internet (E-Commerce), computer programming, information technology and other computer services, web portals or digital platforms for commercial purposes and advertising, and is domiciled in Jakarta, with authorized capital amounting to Rp12,500,000,000 or 125,000,000 shares with par value of Rp100 per share and issued and fully paid capital amounting to Rp3,125,000,000 and has been paid on December 11, 2020 amounting to Rp3,093,750,000, 99% of which was subscribed by the Company.

Akta tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-0042660.AH.01.01.

Tahun 2020 tanggal 30 Agustus 2020.

The deed was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-0042660.AH.01.01.Tahun 2020 dated August 30, 2020.

Sampai dengan tanggal laporan keuangan konsolidasian, DMMX bellum beroperasi.

As of the date of the consolidated financial statements, DMMX has not yet started operation.

PT Sinergi Bangun Mandiri (SBM) PT Sinergi Bangun Mandiri (SBM)

SBM didirikan berdasarkan Akta Notaris Imron, S.H., No. 4 tanggal 4 Mei 2015. Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-2437396.AH.01.01.Tahun 2015 tanggal 5 Mei 2015 dan diumumkan dalam Berita Negara Republik Indonesia No. 43, Tambahan No. 33971 tahun 2015.

SBM was established based on Notarial Deed No. 4 dated May 4, 2015 of Imron, S.H. The deed of establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-2437396.AH.01.01.Tahun 2015 dated May 5, 2015 and was published in State Gazette No. 43, Supplement No. 33971 in 2015.

Berdasarkan Akta Notaris Imron, S.H., No. 14 tanggal 9 November 2017, Entitas Induk menandatangani perjanjian jual beli untuk membeli 95% kepemilikan saham di SBM atau sebanyak 1.900 lembar saham dari Leonardo Anwar, Jimmy Tandun, dan Grace Eka Retno Cailliza dengan harga akuisisi sebesar Rp190.000.000 yang sama dengan nilai nominal. SBM melakukan peningkatan modal ditempatkan dan disetor penuh menjadi sebesar Rp1.900.000.000 atau sebanyak 19.000 lembar saham.

Based on Notarial Deed No. 14 dated November 9, 2017 of Imron, S.H., the Company signed a sale and purchase agreement to purchase 95% ownership in SBM or 1,900 shares from Leonardo Anwar, Jimmy Tandun and Grace Eka Retno Cailliza at an acquisition price amounting to Rp190,000,000 with the same nominal amount. SBM increased its issued and fully paid share capital amounting to Rp1,900,000,000 or 19,000 shares.

Akta tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-0023458.AH.01.02.

Tahun 2017 tanggal 9 November 2017.

The deed was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-0023458.AH.01.02.Tahun 2017 dated November 9, 2017.

SBM bergerak dalam bidang perdagangan, pembangunan, jasa, percetakan, pengangkutan darat dan pertanian dan berdomisili di Jakarta. SBM

SBM is engaged in trade, development, services, printing, land transportation and agriculture, and is domiciled in Jakarta. SBM started its commercial

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PT Sinergi Bangun Mandiri (SBM) (lanjutan) PT Sinergi Bangun Mandiri (SBM) (continued)

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 17 tanggal 9 Maret 2019, Entitas Induk mengalihkan seluruh kepemilikan di SBM kepada Budiasto Kusuma, Augustinus Liauw, Grace Eka Retno Cailliza, Supardi Tan dan Yanty Mety sebanyak 19.000 lembar saham dengan imbalan yang diterima sebesar Rp1.900.000.000 (Catatan 4).

Based on Notarial Deed No. 17 dated March 9, 2019 of Rose Takarina, S.H., the Company transferred its ownership in SBM to Budiasto Kusuma, Augustinus Liauw, Grace Eka Retno Cailliza, Supardi Tan and Yanty Mety equivalent to 19,000 shares with consideration received amounting to Rp1,900,000,000 (Note 4).

PT Mandiri Tritama Perkasa (MTP) PT Mandiri Tritama Perkasa (MTP)

Berdasarkan Akta Notaris Yeldi Anwar, S.H., No. 13 tanggal 27 Oktober 2017, Entitas Induk, mendirikan MTP, yang bergerak dalam bidang perdagangan, pembangunan, industri, percetakan, transportasi dan pertanian, dan berdomisili di Jakarta, dengan modal ditempatkan dan disetor penuh sebesar Rp1.000.000.000 dan disetor sebesar Rp550.000.000, 30% saham diambil bagian oleh Entitas Induk.

Based on Notarial Deed No. 13 dated October 27, 2017 of Yeldi Anwar, S.H., the Company established MTP, which is engaged in trading, construction, industries, printing, transportation and agriculture, and is domiciled in Jakarta, with issued share capital amounting to Rp1,000,000,000 and fully paid share capital amounting to Rp550,000,000, 30% of which was subscribed by the Company.

Akta pendirian tersebut telah disahkan oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia melalui Surat Keputusan No. AHU-0050057.AH.01.01 Tahun 2017 tanggal 7 November 2017.

The deed of establishment was approved by the Ministry of Law and Human Rights of the Republic of Indonesia through Decision Letter No. AHU-0050057.AH.01.01 Tahun 2017 dated November 7, 2017.

Berdasarkan Akta Notaris Rose Takarina, S.H., No. 69 tanggal 25 Maret 2019, Entitas Induk mengalihkan seluruh kepemilikan di MTP kepada Supardi Tan dan Lana Lavita sebanyak 16.500 lembar saham dengan imbalan yang diterima sebesar Rp165.000.000 (Catatan 4).

Based on Notarial Deed No. 69 dated March 25, 2019 of Rose Takarina, S.H., the Company transferred all its ownership in MTP to Supardi Tan and Lana Lavita equivalent to 16,500 shares with consideration received amounting to Rp165,000,000 (Note 4).

d. Dewan Komisaris, Direksi dan Karyawan d. Board of Commissioners, Directors and Employees

Pada tanggal 31 Desember 2020 dan 2019, susunan Dewan Komisaris dan Direksi Entitas Induk berdasarkan Akta Notaris No. 131 dari Christina Dwi Utami, S.H., M.Hum., M.Kn., tanggal 15 Juli 2019, adalah sebagai berikut:

As of December 31, 2020 and 2019, the composition of the Boards of Commissioners and Directors of the Company based on Notarial Deed No. 131 dated July 15, 2019 of Christina Dwi Utami, S.H., M.Hum., M.Kn. are as follows:

Dewan Komisaris/Board of Commissioners

Komisaris Utama Suryandy Jahja President Commissioner

Komisaris Mohammad Amin Commissioner

Direksi/Directors

Direktur Utama Budiasto Kusuma President Director

Direktur Supardi Tan Director

Direktur Abraham Theofilius Director

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d. Dewan Komisaris, Direksi dan Karyawan (lanjutan)

d. Board of Commissioners, Directors, and Employees (continued)

Berdasarkan surat ketetapan No. 001/SKDIR/

VIII/2020 pada tanggal 14 Agustus 2020, manajemen Entitas Induk mengangkat Imroatul Wahidah sebagai Kepala Unit Audit Internal untuk tahun 2020.

Based on the letter of Decree No. 001/SKDIR/

VIII/2020 dated August 14, 2020, the management of the Company appointed Imroatul Wahidah as the Head of Internal Audit Unit for 2020.

Berdasarkan surat ketetapan No. 002/SK- DIR/DMM/VII/2019 pada tanggal 12 Juli 2019, manajemen Entitas Induk mengangkat Gunata Suparman sebagai Kepala Unit Audit Internal.

Based on the letter of Decree No. 002/SK- DIR/DMM/VII/2019 dated July 12, 2019, the management of the Company appointed Gunata Suparman as the Head of Internal Audit Unit.

Berdasarkan surat ketetapan No. 003/SK- DIR/DMM/VII/2019 pada tanggal 25 Juli 2019, susunan Komite Audit Entitas Induk adalah sebagai berikut:

Based on the letter of Decree No. 003/SK- DIR/DMM/VII/2019 dated July 25, 2019, the compositions of the Audit Committee of the Company are as follows:

Ketua Mohammad Amin Chairman

Anggota Pau Sian Member

Anggota Firman Sebayang Member

Berdasarkan surat ketetapan No. 004/SK- DIR/DMM/VII/2019 pada tanggal 25 Juli 2019, susunan Komite Nominasi dan Remunerasi Entitas Induk adalah sebagai berikut:

Based on the letter of Decree No. 004/SK- DIR/DMM/VII/2019 dated July 25, 2019, the composition of the Nomination and Remuneration Committee of the Company are as follows:

Ketua Mohammad Amin Chairman

Anggota Suryandy Jahja Member

Anggota Suci Afrianti Member

Pada tanggal 31 Desember 2020 dan 2019, Grup memiliki 41 dan 36 karyawan tetap (tidak diaudit).

As of December 31, 2020 and 2019, the Group has a total of 41 and 36 permanent employees, respectively (unaudited).

e. Penyelesaian Laporan Keuangan Konsolidasian e. Completion of the Consolidated Financial Statements

Manajemen Entitas Induk, yang diwakili oleh Budiasto Kusuma, Direktur Utama dan Supardi Tan, Direktur bertanggung jawab atas penyusunan dan penyajian laporan keuangan konsolidasian yang telah diselesaikan dan disetujui untuk diterbitkan oleh manajemen Entitas Induk pada tanggal 28 Mei 2021.

The management of the Company, represented by Budiasto Kusuma, President Director, and Supardi Tan, Director, is responsible for the preparation and presentation of these consolidated financial statements, which were completed and authorized to be issued by the Company’s management on May 28, 2021.