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Investor Presentaiton

ALL Policy for Growth Investment and Profitability Investment Policy for Future Growth 54 • • Focus on maximizing medium-to-long term cash flow based on the subscription business model. Continue to make upfront investments mainly in Business domain (SaaS business). Investment for future growth to be executed as long as unit economics metrics are reasonable and sound, with an eye on external environment as well as competitions. Policy for M&A Selectively pursue strategically meaningful M&A opportunities with emphasis on financial discipline. Continue to strengthen partnership with our existing investment partner, Mekari Group which is a leading company in the cloud accounting and HR market for SMBs in Indonesia.
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