The board of directors of HRnetGroup Limited (the 'Company' and together with its subsidiaries, the 'Group') announced the incorporation of a joint-venture entity, PT Recruit First Indonesia ('RFI'), on 17 January 2020. Debby Rimbun and Rubby Rimbun ('Debby and Rubby'), both Business Leaders who had been operating as co-owners of its business in Indonesia since 1 September 2018, will be co-investing and leading the business of RFI.