Land Development

In line with its strategic vision to optimize asset utilization and diversify revenue streams beyond its core manufacturing operations, PT Jamafac is pleased to announce a major land development initiative.

The Company has secured shareholder approval, as formalized in the Deed of Statement of the Resolution of Extraordinary General Meeting of Shareholders of PT Jamafac No. 94 dated 25 June 2025 made before Janty Lega, S.H., M.Kn., Notary in South Jakarta, to proceed with the development of its prime land asset strategically located at Jalan Raya Pegangsaan Dua KM 3, Kelapa Gading, North Jakarta. The site spans approximately 35,945 square meters (3.6 hectares) and represents a significant underutilized asset with substantial value-enhancement potential.

Historically serving as an industrial site for match and lighter production, the property is currently used on a limited basis for office and warehousing purposes, with portions leased to third parties. Recognizing the opportunity to unlock greater economic value from this strategic location, PT Jamafac engaged PT Colliers International Indonesia, a leading global property consultancy, to conduct a comprehensive Highest and Best Use (HBU) study.

Based on the HBU findings, the Extraordinary General Meeting of Shareholders has approved a residential development plan as the optimal use of the land, offering the highest financial returns and long-term value creation. The proposed project is projected to require an estimated total investment of approximately IDR 393 billion (excluding sales commissions and applicable taxes), positioning it as a significant value-generating venture.

With full authority granted to the Board of Directors to execute all necessary actions, PT Jamafac is now actively exploring strategic partnerships and collaboration opportunities with experienced property developers and investors. This includes: ·

- Entering into joint development or joint venture arrangements;

- Undertaking all required technical, administrative, and legal preparations; and

- Adapting implementation strategies responsively to prevailing market conditions.

This landmark development initiative reflects PT Jamafac's commitment to maximizing shareholder value, optimizing underutilized assets, and strategically expanding into high-growth property sectors beyond its traditional manufacturing base. By leveraging its prime land bank and partnering with industry experts, the Company aims to generate sustainable, recurring returns while mitigating risks through prudent and well-structured development approaches.

PT Jamafac invites qualified partners and investors to explore collaboration opportunities in this exciting venture, which promises not only attractive financial returns but also the creation of lasting value in one of Jakarta's most desirable growth corridors.