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SUMMARY
The following summary is prepared based on the facts and judgments that are considered material by the Company, which constitutes an integral part of this Prospectus and should be read together with
other information, including the consolidated financial statements and notes to the consolidated financial statements of the Company in this Prospectus. The Company’s financial information is prepared in
Rupiah and in accordance with Financial Accounting Standards in Indonesia.
1. BRIEF HISTORY OF THE COMPANY
The Company was established under the name of PT Integra Indocabinet pursuant to the Deed of Establishment of the Limited Liability Company PT Integra Indocabinet No. 147 dated May 19, 1989,
drawn up before Soetjpto, S.H., a Notary in Surabaya, which was approved by the MoLHR of the Republic of Indonesia by Decree No. C2-320.HT.01.01.TH.90 dated January 20, 1990, and registered
in the registry of the Surabaya District Court under No. 1801990 dated February 21, 1990 the Deed of Establishment.
The Company’s Articles of Association has been amended several times to conform to the Companies Law, as set out in the Deed of Minutes of Extraordinary General Meeting of Shareholders of PT Integra
Indocabinet No. 2 dated May 5, 2008, which was drawn up before Choiriyah, S.H., a Notary in Sidoarjo, and approved by the MoLHR of the Republic of Indonesia by Decree No. AHU-47493.AH.01.02.Tahun
2008 dated August 4, 2008, and registered in the Company Register in accordance with the Companies Law under No. AHU-0066588.AH.01.09.Tahun 2008 dated August 4, 2008 the Deed No. 22008.
The latest amendment to the Company’s Articles of Association was as set out in the Deed of Minutes of Extraordinary General Meeting of Shareholders of PT Integra Indocabinet No. 17 dated March 7,
2017, which was drawn up before Fathiah Helmi, S.H., a Notary in Jakarta, and i approved by the MoLHR by Decree No. AHU-0005787.AH.01.02.TAHUN 2017 dated March 8, 2017, and ii received
and registered in the database of the Legal Entity Administration System of the Ministry of Law and Human Rights each under No. AHU-AH.01.03-0116016 for the amendment of the Company’s Articles
of Association and No. AHU-AH.01.03-0116017 for the change of information particulars of the Company dated March 8, 2017, and which was registered in the Company Register under No. AHU-
0005787.AH.01.02.TAHUN 2017 dated March 8, 2017, and among others, set out the approval of the Shareholders on i the amendment of the Articles of Association in its entirety to conform to the
prevailing capital markets laws and regulations; ii the change of the Company’s status from a private company to a public company; iii the issuance of new shares from portfolio to be offered to the Public
in the public offering; iv the issuance of new shares from the Company’s portfolio issued to the Public including the allocation of new shares in the Company to be issued under the ESA program and v the
issuance of new shares pursuant to the implementation of the MESOP the Deed No. 172017.
The Group commenced operations with the establishment of PT Integra Indocabinet in 1989. The Company initially produced wooden and plastic CD racks that were exported to the US. With its growing
experience in the production process, the Company invested in machinery to produce simple furniture and its business grew rapidly. In 1993, the Company established Intertrend, to serve the high growth
market of outdoor furniture, and subsequently established Interkraft in 2002 in response to the high demand for fully-assembled and case goods furniture. To secure its raw materials sources, the
Company decided to invest in the forestry concession business by acquiring Belayan and Narkata in 2012 and 2011. In 2012, the Company established Intera to produce wooden building components and
rattan-based furniture. After considering the business prospects of the retail furniture industry in Indonesia, the Company established Integriya in 2013 to operate its furniture retail and distribution
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activities for the domestic market. In 2015, the Company together with WoodOne International Ltd established an Indirect Subsidiary, WII, through a Subsidiary Interkayu to engage in the business of
wooden door production.
Currently, the Company is one of the largest integrated wooden products manufacturers in Indonesia. The Group is based in Sidoarjo, East Java, and consists of eight companies, which includes five
manufacturing companies, one distribution company, and two forestry concession companies. The Group is vertically integrated, with both raw material sourcing and manufacturing business arms.
2. BUSINESS ACTIVITIES
