The board of directors of PT International Development Corporation Limited announced that Mr. Heinrich Grabner, currently an executive director ("Executive Director") of the Company, has been appointed to act as a Deputy Chairman of the Board with effect from 1 September 2022. Mr. Grabner, aged 48, joined the Group as a chief executive officer and responsible officer of Helios Asset Management (HK) Limited ("Helios") in January 2018 and was subsequently appointed as an Executive Director of the Company in November 2019. He also acts as director of certain subsidiaries of the Company including Helios, Muhabura Capital Ltd. and Thousand Vantage Investment Limited.

Mr. Grabner received his B.A. in Economics and Chinese from The University of Michigan. Prior to joining the Group, Mr. Grabner held various senior positions in various investment banking, asset management and private banking companies. He has over two decades of investment management experience in the Asia Pacific region, including extensive experience in mergers and acquisitions, with a focus in finance, mining, energy and infrastructure.

He currently also serves as a non-executive director of Sonora Gold and Silver Corp. (stock code: SOC.V), the shares of which are listed on the TSX Venture Exchange in Canada.