Dear Stakeholders,

2016 has been a year in which we learned how to operate differently because of the tremendous changes to the industry scene. We are learning new ways to conduct business more efficiently, to become a leaner and more agile Company.

Going forward we need to deepen our roots even further, to penetrate and look for any crevices to continually save cost and intercept opportunity for our Company.

From here and now, the only way for us is up. Therefore, we remain optimistic and strong spirited, for next year we will emerge stronger, wiser and better than before.

May God’s mercy and favour endureth forever

Yours Faithfully,

Eddy Kurniawan Logam