PT Tirta Mahakam Resources Tbk

Company Profile

PT Tirta Mahakam Resources Tbk (“The Company”) was established based on Deed No. 245 dated April 22, 1981 jo. Revision deed No. 14 dated January 11, 1982, both of which were made in front of Notary Kartini Muljadi, SH. The Deed of establishment and its Revision were approved by the Minister of Justice of the Republic of Indonesia in its Decision Letter No. Y.A. 5/48/2 dated May 8,1982. The Company’s article of association have been amanded several times, most recently by Deed of Minute of Meeting No. 58 dated July 16, 2019 regarding to change of the Board of Directors and Commissioners of The Company and The amendment to Article 3 of the Company’s Articles of Association concerning the purposes and objectives and business activities of the Company to be adjusted to the Regulations in the Appendix of the Head of the Central Bureau of Statistics No. 95 of 2015 which was amended by Regulation of the Head of the Central Bureau of Statistics No. 19 of 2017 concerning the Standard Classification of Indonesian Business Fields (KBLI 2017)., which were made in front of Notary Leolin Jayayanti, SH., M.Kn. The Amendment to the Articles of Association were approved by the Minister of Justice and Human Rights of the Republic of Indonesia in its Letter No. AHU-0040044.AH.01.02.Tahun 2019 dated July 22, 2019.

The Company obtained its Foreign Direct Investment facility based on Capital Investment Coordinating Board’s Letter No. 081/I/PMA/1981 dated March 20, 1981 Concerning President of the Republic of Indonesia’s Approval Letter No. B-13/Pres/3/1981 dated March 14, 1981. In accordance with the Decree of the Capital Investment Coordinating Board’s (BKPM) No 63 / 1/IP/2013 September 5, 2013, that the Company has changed the status of PMA into PMDN.

The main business of the Company comprise of manufacturing and selling of plywood and related wood products. The Company started its commercial production in November 1983. The Company’s domicilie is in Jakarta with its factories in Desa Bukuan, Samarinda, East Kalimantan.