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Brief Description of the Company

The Company was established on August 23, 1983, according to the rules of the Domestic Capital Investment (PMDN), domiciled in Batam, Indonesia. The Company’s Head Office and Factory are located at Jl. Hang Kesturi I Number 2, Kawasan Industri Terpadu Kabil, Batam, Indonesia.

The objectives of the Company are to engage in businesses of trade and industry and to serve as a service provider in oil & gas and mining industry.

To achieve those objectives, the Company is involved in the business activities of manufacturing, providing services, repairing equipment and accessories to support oil and gas industry.

On November 28, 1989 the Company listed its shares in Indonesian Stock Exchanges (formerly Jakarta Stock Exchanges and Surabaya Stock Exchanges).

Since April 3, 2002, the Company’s shares of 80,000,000 have been registered with PT Kustodian Sentral Efek Indonesia (KSEI), and the shares registered have increased to 800,000,000 shares since January 12, 2009 due to various corporate actions of stock split where the initial share value of Rp 1,000 (one thousand Rupiah) per share became Rp 100 (one hundred Rupiah) per share that means 1 (one) old share was split to become 10 (ten) new shares.

Since September 20, 2013, total Company’s registered shares has become 800,371,500 with par value of Rp 100 (one hundred Rupiah). The increase of shares was due to Management Stock Option Program and Employee Stock Option Program (MSOP & ESOP).

From the MSOP & ESOP programs, the total rights option executed was 371,500 (three hundred seventy one thousand and five hundred) shares, therefore the Issued and Fully Paid-up Capital of the Company from Rp 80,000,000,000 (eighty billion Rupiah) became Rp 80,037,150,000 (eighty billion thirty seven million one hundred and fifty thousand Rupiah) after the MSOP & ESOP programs.