Investor Presentaiton

Downstream Business Continuous good performance in the gold minting bar business to penetrate domestic retail market In 2019, Archi has started to penetrate downstream business by establishing a 51%-owned JV company, PT Elang Mulia Abadi Sempurna ("EMAS"), which its main business to produce and sell gold minted bars under brand name "Lotus Archi" directly to domestic retailer market. In 1H 2021, PT EMAS recorded US$5.3mn of revenue, 288% higher compared to the same period last year, which reflects c.4% of the Company's total consolidated revenue for the period. PT EMAS Total Revenue (US$ Mn) 0.5 6.9 1.4 5.3 2019 2020 1H20 1H21 8

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