Dear Valued Stakeholders,

We would like to announce an important restructuring within the Board of Directors (BOD) of Vasanta Group. Under the guidance of our previous Group CEO, Nicholas Hum, we have successfully completed the organizational phase and are now entering a new phase focused on growth. This strategic decision aims to leverage the unique skills and versatility of our esteemed BOD members, promoting greater flexibility and business creativity.

We are pleased to announce Denny Asalim as the new Group CEO of Vasanta Group. As an existing member of our Board of Directors, Denny brings a rich and diverse array of experience to his new role. He is eager to embrace the challenges and opportunities that lie ahead, steering our group towards continued success and growth.

We would also like to extend our heartfelt gratitude to Nicholas Hum, our former Group CEO. Nicholas has been a cornerstone in establishing the core values and robust foundation that Vasanta Group stands on today. We are delighted to announce that Nicholas will continue to serve our group as one of the Managing Directors. He will remain actively involved and will provide strong support to our new CEO, ensuring a smooth transition and sustained progress.

This restructure is a testament to our commitment to innovation and excellence. By rotating positions within our BOD, we aim to harness the full potential of our leaders, driving Vasanta Group towards new heights. Thank you for your ongoing support and trust in Vasanta Group. We are confident that these changes will propel us into another period of remarkable achievements.

SHAREHOLDER/CHAIRMAN, VASANTA GROUP | AGNUS SURYADI