Certain Ordinary Shares of PT Sinar Eka Selaras Tbk are subject to a Lock-Up Agreement Ending on 1-APR-2024. These Ordinary Shares will be under lockup for 241 days starting from 4-AUG-2023 to 1-APR-2024.

Details:
Based on OJK Regulation No. 25/2017, any party who obtains the Company's shares at an exercise price below the Initial Public Offering price within 6 (six) months prior to submission of the registration statement to the OJK, is prohibited from transferring part or all of the ownership of the Issuer's equity securities until 8 (eight) months after the Registration Statement becomes Effective

Based on the Statement Letter of Rebecca Halim as the controller of the Company dated 27 April 2023, she will not transfer her control in the Company within 12 months since the registration statement in the context of the Company's Initial Public Offering becomes effective.