The Board of Directors of Sinarmas Land Limited announced the retirement of Mr. Rodolfo Castillo Balmater, Non-Executive Independent Director, at the conclusion of the forthcoming annual general meeting of the Company convened on 27 April 2020, as Mr. Balmater is not seeking re-election as a Director at the 2020 AGM. The resignation of Mr. Kunihiko Naito, Non-Executive Independent Director, at the conclusion of the 2020 AGM. Accordingly, he shall also cease to hold all appointments presently held by him in all Board Committees at the conclusion of the 2020 AGM. The Board accepts the above decisions of Mr. Balmater, who has served for over 14 years, and Mr. Naito, who has served for over 12 years, as Directors of the Company, and wishes to thank each of them for their dedicated service to the Company.