Certain Ordinary Shares of PT Royaltama Mulia Kontraktorindo Tbk are subject to a Lock-Up Agreement Ending on 22-MAR-2024. These Ordinary Shares will be under lockup for 239 days starting from 27-JUL-2023 to 22-MAR-2024.

Details:
Based on POJK No. 25 of 2017, any party who obtains shares and/or other equity securities from the Company at a price and/or conversion value and/or exercise price below the Offering Price within 6 (six) months prior to submitting a registration statement to OJK, is prohibited to transfer part or all of the ownership of the issuer's equity securities up to 8 (eight) months after the registration statement becomes effective.
Given that there were Company shares obtained from additional capital by Vincent Saputra and PT RMK Investama within a period of 6 (six) months before submitting the Registration Statement to the OJK with a value below the price of the Initial Public Offering, then based on Vincent's respective Statement Letter Saputra and PT RMK Investama (which are collectively referred to as ?Pre-IPO Shareholders?) on May 2, 2023 in their capacity as Pre-IPO Shareholders, stated that in order to comply with Article 2 of OJK Regulation No. 25/2017, Pre-IPO Shareholders will not transfer part or all of the ownership of these shares until 8 (eight) months after the Company's Registration Statement for the Public Offering of Shares to become effective.
In order to provide protection to public shareholders, based on a Statement from Tony Saputra as the controller of the Company dated 2 May 2023, stated that he will not relinquish control of the Company within a period of at least 1 (one) year after the Registration Statement becomes effective.