The board of directors of Memiontec Holdings Ltd. announced that the Board of Directors (BOD) and Board of Commissioners (BOC) of the Company's joint venture company, PT Jakpro Memiontec Air (PT JMA) (which was incorporated in April 2017), have been reconstituted with effect from 29 March 2021. As the 4-year term of office for both the BOD and BOC of PT JMA ended on 29 March 2021, the shareholders of PT JMA (namely PT JUP and PT MI) had re-appointed the existing director to the BOD and appointed new members to the BOC, to hold office for the next 4 years commencing 29 March 2021. The company's PT JMA ceased Edhie Kusumo Witjakso, Director from the BOD and Juristezar P.A.L Tobing, President Commissioner and Soelistyo Dewi, Commissioner from the BOC. Also the company's PT JMA appointed Edhie Kusumo Witjakso, Director from the BOD and Mas Dharmawan, President Commissioner and Tay Kiat Seng, Commissioner from the BOC. Mr. Edhie Kusumo Witjakso, who was the director of PT JMA since its incorporation, has been re-appointed as director of PT JMA for the new term. He is a representative of PT JUP. Mr. Edhie Kusumo Witjakso is not related to the Company, the Directors or controlling shareholders of the Company and their respective associates. Mr. Mas Dharmawan was nominated by PT JUP and appointed as the President Commissioner of PT JMA. Subsequently on 1 April 2021, Mr. Mas Dharmawan joined PT JUP as the Director of Finance and Accounting. He is a representative of PT JUP. Mr. Mas Dharmawan is not related to the Company, the Directors or controlling shareholders of the Company and their respective associates. Mr. Tay Kiat Seng is the Executive Chairman and Chief Executive Officer of the Company and President Director of PT MI. He is a representative of PT MI.