Certain Ordinary Shares of PT Nusantara Sejahtera Raya Tbk are subject to a Lock-Up Agreement Ending on 1-APR-2024. These Ordinary Shares will be under lockup for 245 days starting from 31-JUL-2023 to 1-APR-2024.

Details:
In accordance with Article 2 of OJK Regulation No. 25/2017, any party who obtains shares from the Company at a price below the Offering Price within six months before submitting the Registration Statement to OJK, is prohibited from transferring part or all of the Company's share ownership until eight months after the Registration Statement becomes Effective.

Based on the Statement Letter on May 15, 2023, Benny Suherman, Cisca Widjaja, Suryo Suherman, Melia Suherman and Arif Suherman, as the Controllers of the Company through HJB, jointly stated that, will not relinquish control of the Company within a period of at least 12 month after the Registration Statement for the Company's Initial Public Offering becomes effective.