Annual 2022 General Meeting of Shareholders

May 30, 2023

PT Bekasi Fajar Industrial Estate Tbk (the Company) Holds Annual General Meeting of Shareholders On May 30, 2023, PT Bekasi Fajar Industrial Estate Tbk (the Company) held its Annual General Meeting of Shareholders (AGMS) at Enso Hotel, MM2100 Industrial Estate, Bekasi. The AGMS was followed by a Public Expose. During the event, the main agenda was to allocate the Company’s entire net profit as retained earnings to enhance working capital in line with the Company's business development plans.

In 2022, the Company achieved a significant increase in industrial land sales, reaching 16 hectares, compared to 4 hectares in the previous year. The Company’s total revenue rose to IDR 543 billion, driven by the growth in industrial land sales, which contributed IDR 296 billion. The Company also improved its gross profit margin to 59%. In 2022, the Company recorded a net profit of IDR 34 billion, a significant turnaround compared to a loss in 2021.

For 2023, the Company set a marketing sales target of IDR 651 billion, focusing on industries resilient to pandemic impacts and experiencing growth, such as warehouse logistics, electronics, consumer goods, data centers, and electric vehicles. The Company also launched Befa Digital Town in December 2022 to support the growing demand from the data center industry. As of the first quarter of 2023, the Company recorded IDR 51 billion in marketing sales.

The Company continues to enhance facilities, supporting infrastructure, and amenities within the MM2100 Industrial Estate to sustain the operations of businesses in the area. Infrastructure projects currently under development include the JORR II Cibitung–Cilincing toll road and the planned operation of the LRT in 2023. Other infrastructure plans, such as the construction of the Jakarta-Cikampek Selatan Toll Road, the expansion of Tanjung Priok Area, and the development of Patimban Port, will further facilitate business operations.