OFFICIAL STATEMENT

Separation of Tunas Sawa Erma Group from Korindo Group

1 April 2021

JAKARTA – Please be informed that PT Tunas Sawa Erma, PT Berkat Cipta Abadi and PT Dongin Prabhawa were separated from Korindo Group as of April 1, 2021, and are being managed independently as TSE Group.

Information on Korindo Group can still be found through the company’s official website at https://www.korindo.co.id/.

Information on TSE Group can be found through the company’s official website at https://www.tsegroup.co.id/.

Regards,

Korindo Group Management

Please be notified that as of April 1, 2021, PT Tunas Sawa Erma, PT Berkat Cipta Abadi, and PT Dongin Prabhawa were split from Korindo Group and are now being administered separately as TSE Group. This change took effect.

The official website of the Korindo Group, which can be accessed at https://www.korindo.co.id/, is still a good resource for information on the firm.

The official website of the TSE Group may be accessed at https://www.tsegroup.co.id/ if you are interested in learning more about the firm.