DESCRIPTION OF THE COMPANY AND SUBSIDIARIES

48 44 registered in the Company Registry under No. AHU-0066527.40.80.2014 dated 1 July 2014, which stipulated the approval of the shareholders to i increase the Company’s authorized capital, ii increase the Company’s issued and paid-up capital. f. In accordance with Deed of Shareholders Resolutions No. 14 dated 19 August 2014, drawn up before Irma Bonita, SH., Notary in Central Jakarta, which has received approval from the Minister of Law and Human Rights by virtue of Decree No. AHU-06828.40.20.2014 dated 21 August 2014, and was registered in the Company Register under TDP No. 09.03.1.70.86232 datd 12 September 2014, whereby the shareholders stipulated their approval to: i change the Company’s status from a Private Limited CompanyNon-public to a Public Company, ii change the aims and objectives of the Company, iii execute the Company’s plan to conduct an initial public offering, iv list the entire Company’s shares on the Indonesian Stock Exchange, v execute the Issuer’s Employee Stock Allocation ESA with regard to the Company’s Initial Public Offering of a maximum amount of 3 three percent of the total shares offered in the Company’s initial public offering and delegate the authority to determine the related procedures to the Board of Directors, vi delegate the authority and power concerning the Substitution Right to the Company’s Board of Directors, vii amend the Company’s Articles of Association in its entirety to conform with the provision concerning main substances of public company’s articles of association as stipulated in the Capital Market and Financial Institutions Supervisory Board Rule No. IX.J.I Articles of Association of a Company Conducting an Equity-based Initial Public Offering and a Public Company. The Company’s head office is located at Sudirman Plaza Building, Plaza Marein 21st Fl, Jl. Jenderal Sudirman Kav. 76-78, Jakarta. The Company categorized its business activities in shipping and shipyard through the Subsidiaries also management consulting services. 2. The Company‟s Business Licenses In conducting its business activities, the Company has obtained the required licenses and approvals from the authorized government agencies, as required by the prevailing laws and regulations. The aforementioned licenses and approvals are, among others, as follows: No. License Validity Issued by 1 Certificate of Company Registration No. 09.03.1.70.86232 Valid from 12 September 2014 up to 12 September 2018 Head of South Jakarta Municipality Cooperatives, Small and Medium Enterprises and Trade Department 2 Company Certificate of Domicile No. 194-1.824.714 Valid from 12 April 2014 up to 12 April 2015 Head of Setiabudi Village 3 Trading Business Permit Surat Izin Usaha Perusahaan, ―SIUP‖ No.03763-04PB1.824.271 From 9 September 2014, which shall remain valid as long as the Company continues to operate its business DKI Jakarta Cooperatives, Small and Medium Enterprises and Trade Agency Licenses of the Company‟s Subsidiaries 1 ABPL In conducting its business activities, ABPL has obtained the required licenses and approvals from the authorized government agencies, as required by the prevailing laws and regulations. The aforementioned licenses and approvals are, among others, as follows: No. License Validity Issued by 1 Certificate of Company Registration No. 09.05.1.50.31545 Valid from 26 September 2013 up to 12 January 2017 Ministry of Trade, Head of of DKI Jakarta Province Cooperatives, Small and Medium Enterprises and Trade Department as the Head of Company Registration Office 2 Importer Identification Number for Producer Angka Pengenal Importir – Produsen, ―API- P‖No. 090202618-P From 23 November 2012, which shall remain valid as long as ABPL continues to operate its business Ministry of Trade, Head of DKI Jakarta Province Cooperatives, Small and Medium Enterprises and Trade Department 3 Custom Identity Number Nomor Identitas Kepabeanan, Indefinite period of time Directorate General of Customs and Excise, Ministry of Finance of the