PT Ifishdeco Tbk. is a private company engaged in nickel ore mining in Southeast Sulawesi Indonesia.


PT Ifishdeco Tbk (the “Entity”) was established within the framework of the
Indonesia Domestic Capital Investment Law No.6 year 1968 juncto law No.12
year 1970, based on Notarial deed No. 41 dated June 9, 1971 by Abdul Latief,
S.H., notary in Jakarta. The deed of establishment was approved by the
Minister of Justice of the Republic of Indonesia in his Decree No.J.A.5/110/7
dated June 29, 1971.

The Entity’s articles of association have been amended several times, most
recently by notarial deed No.158, dated March 28, 2019 of Christina Dwi
Utami, S.H., M. Hum.,, notary in Jakarta. The article of association has
been legalized by the Minister of Justice and Human Rights of the Republic of
Indonesia in his Decision Letter No.AHU-0017312.AH.01.02 – year 2019, dated
March 28, 2019 concerning approval for public offering thru capital market,
changes Entity’s name to PT Ifishdeco Tbk., issue portepel shares, issue
employee stock allocation and changes of management compositions.

The parent entity from Entity is PT Fajar Mining Resources, meanwhile the
Entity doesn’t have ultimate parent. The shareholders of PT Fajar Mining
Resources disclosed in notes 1d.

The Entity is domiciled in Wisma Nugra Santana Building 8th floor, Suite 802,
Jl. Jend. Sudirman Kav.7-8, Central Jakarta 10220. Plantation and Mining
located at Ngapaaha, Tinanggea, Kendari Distric, South East Sulawesi.

The Entity started its commercial operation at 2012 in the nickel mining