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COVID-19 Pandemic situation impact to the Company’s business

Batam, Apr 20th 2020

Responding the COVID-19 Pandemic situation, The Company would like to convey information to the public regarding the impact of the COVID -19 pandemic situation, Company’s current business, financial and operational conditions.

We have put our effort to monitor and ensure our employees’ health in-line with government health regulations and recommendation, implementing social distancing, taking employee temperature screenings, providing our employee with proper protective equipment and immune system boost packages, and increasing the frequency of sanitizing of the work place.

Meeting using video conference system has been implemented as an alternative to face to face meeting, and lately all travel banned in the region. Also, Company has been put the decision for “work from home” for employees who work in office basis at Jakarta office and partial schedule to “work from home” for Batam office. The working hours has been arranged in the production facilities to avoid contacts between the productions shifts.

In business continuity plan, the new work schedule, particularly in our production facilities is impacting our production capacity but the Sales and operations planning teams are working on minimizing the impact order deliveries, and working closely with our customers to support them on their projects.

The Covid-19 pandemic situation combined with a recent significant decreased in the oil price surely will impact the demand in short term for product for oil and gas in particular. However, the Company has a strong backlog which ensure production load/volume for the next few month and will adapt with its customer needs in this particular situation.

Board of Directors

PT Citra Tubindo Tbk

Closing Notification of a Subsidiary of PT Citra Tubindo Tbk

Batam, Nov 1st 2019

Referring to the Financial Services Authority Regulation (“OJK”) No.31/POJK.04/ 014 regarding Disclosure on Material Information or Facts by Issuers or Public Companies, we hereby announces that the Company has officially closed one of its subsidiaries, NSCT Premium Turbulars B.V. according to confirmation letter from KVK (The Netherlands Government Agency) on September 27, 2019.

Board of Directors

PT Citra Tubindo Tbk

Notification of Resignation of the President Director of PT Citra Tubindo Tbk

Batam, Oct 16th 2019

Referring to the Financial Services Authority Regulation (“OJK”) No. 33 / POJK.04 / 2014 dated 8 December 2014 concerning Directors and Board of Commissioners of Issuers or Public Companies, hereby announces that the Directors of PT Citra Tubindo Tbk (“the company”) received a resignation letter from Mr. Richard Wiluan on October 14 2019 as President Director of the Company.

The approval of Mr. Richard Wiluan resignation would be decided on General Meeting of Shareholder.

Board of Directors

PT Citra Tubindo Tbk