Certain Ordinary Shares of PT Carsurin Tbk are subject to a Lock-Up Agreement Ending on 28-FEB-2024. These Ordinary Shares will be under lockup for 237 days starting from 6-JUL-2023 to 28-FEB-2024.

Details:
In accordance with OJK Regulation No. 25/2017, that any party who obtains equity securities from an Issuer at a price and/or conversion value and/or exercise price below the Initial Public Offering price within 6 (six) months prior to submission of the Registration Statement to the Financial Services Authority, prohibited from transferring part or all of the ownership of the Issuer's equity securities until 8 (eight) months after the Registration Statement becomes effective.

Sheila Maria Tiwan and Flora Regina Regian cannot transfer part or all of their ownership of the Company's shares until 8 (eight) months after the Registration Statement becomes effective.

In order to provide protection to public shareholders, based on the Controller Statement Letter dated March 16, 2023, stated that the Controller will not transfer control within 12 (twelve) months after the Registration Statement becomes effective.