Certain Ordinary Shares of PT Multitrend Indo Tbk are subject to a Lock-Up Agreement Ending on 1-MAY-2024. These Ordinary Shares will be under lockup for 239 days starting from 5-SEP-2023 to 1-MAY-2024.

Details:
Based on the provisions of Article 2 paragraph (1) OJK Regulation No. 25/2017, bearing in mind that all of the Company's shareholders acquire shares within a period of more than 6 (six) months prior to submitting registration to the OJK, all of the Company's shareholders are not bound by the prohibition to sell or transfer all of their shares in the Company within the period 8 (eight) months after the registration statement becomes effective.

Based on the Statement Letter dated June 9 2023, BY as the controlling candidate of the Company stated that he would retain as many shares as the shares obtained based on the implementation of the CB, namely a maximum of 1,420,000,000 (one billion four hundred and twenty million) common shares for at least 3 (three) years after the Registration Statement becomes effective.