Investor Presentaiton

There is a ripe opportunity to invest in Indonesia's EV ecosystem due to its automotive market, government support, and natural resources Large auto 38th TRADE XPO Indonesia Exhibition Seminar Business Matching | Trade Mission ASEAN INDONESIA 2023 Vehicle type Total fleet 2030 EV fleet targets market and ambition EV Passenger 20.9 mn cars targets Strong government support Motorcycles Presidential Regulation No 55 of 2019 Acceleration of the Battery Electric Vehicle (BEV) Program for Road Transportation 121.2 mn 2 mn 13 mn Presidential Instruction No 7 of 2022 Use of BEV as Operational and Individual Service Vehicles for Central and Local Government Current EV production capacity 14k/year 1 mn / year SOE Ministry Circular Letter (S- 565/MBU/09/2022) Support for the Acceleration of the BEV Program for Road Transportation Abundant resources for EV batteries #1 in the world for #6 in the world for Bauxite reserves Nickel reserves Source: Ministry of State Secretariat of Indonesia (2022), AISI, Gaikindo, Ministry of Industry, Ministry of Energy and Mineral Resources #7 in the world for Copper reserves 8

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