SARATOGA INVESTAMA - Key Persons

Job Titles:

• Member of the Audit Committee
• Independent Commissioner
• Member of Nomination & Remuneration Committee

Job Titles:

• Member of the Audit Committee

An Indonesian citizen, 46 years old, has been a member of the Audit Company since June 2019. Currently he also serves as Audit Committee member in other listed companies in Indonesia. He is a Partner of Public Accounting Firm Aria Kanaka & Rekan (member firm of Mazars SCRL) and a lecturer at Faculty of Economics and Business, the University of Indonesia. He earned a Bachelor's degree in Accounting and Master of Accounting from the University of Indonesia.

Job Titles:

• Founder and CEO of SIRCLO

Brian Marshal, Founder and CEO of SIRCLO, expressed his pride and respect in welcoming the two prominent figures who have experience in accelerating the growth of established businesses in Indonesia, for over three decades. "As the go-to figures behind the growth of multiple big companies in Indonesia, Mr. Triawan and Mr. Maurits share the same vision with SIRCLO, which is to help business players adapt and transition to the digital realm through the omnichannel strategy," said Brian. "We look forward to learning from them and expanding the company's positive social and economic impact in supporting the growth of businesses through e-commerce, for both MSMEs and enterprise businesses alike. Together, we hope to become a sustainable company that could shape the foundation of Indonesia's digital economy and boost the nation's economy in the long run." Triawan Munaf is a renowned figure and serial entrepreneur in Indonesia, who also has been a creative industry player from an early age. As a former President Commissioner of PT Garuda Indonesia Tbk. and the former Head of the Creative Economy Agency (BEKRAF), Triawan's enthusiasm for building the technology industry in Indonesia is evident from his arrival to the leadership ranks of East Ventures as a Venture Advisor in February 2020. Recently, he was also appointed as President Commissioner and Independent Commissioner of PT Aviasi Wisata Indonesia Tbk. Sharing the same vision with SIRCLO to help nurture Indonesian entrepreneurs, Triawan Munaf stated, "The need to carry out digital transformation has become inevitable for business players across various scales-and even more so for MSMEs, who are the primary drivers of our economy. I have seen how SIRCLO helps this segment substantially through various ideas and solutions. Hence, I believe that their capability would contribute to the exponential growth of Indonesian MSMEs. I am excited to join SIRCLO, as this is in line with my vision of increasing the added-value of various Creative Economy sub-sectors, most of which consist of MSMEs," he added. Committed to advancing SIRCLO, Maurits Lalisang is a distinguished leader who has an excellent track record of four decades, namely 11 years as CEO and 6 years as President Commissioner in PT Unilever Indonesia Tbk., a prominent multinational company. Through his various breakthroughs and innovations, he has succeeded in strengthening Unilever's position as the market leader in the Fast Moving Consumer Goods (FMCG) industry. Currently, he is serving as the President Commissioner of PT Multi Bintang Indonesia Tbk, Commissioner of PT ICI Paints Indonesia, Commissioner of PT Deltomed Laboratories and as a Partner of the Saratoga Group, an active investment company in Indonesia. Cementing his support for the e-commerce industry that has grown rapidly in the last two years, Maurits said, "I am very proud to know SIRCLO, an e-commerce enabler company that empowers thousands of MSME and enterprises, which in turn will bring massive contribution to Indonesia's economic growth. It is an honor to join the company, in the process of developing SIRCLO's business in the future. I am optimistic that SIRCLO will become a sustainable company that is increasingly valuable, both in terms of business and its contribution to the Indonesian economy."

Job Titles:

• Investment Director
• Member of Investment Commitee

Devin Wirawan, an Indonesian citizen, was appointed as Investment Director of the Company by Annual GMS on 22 May 2019.

Job Titles:

• Commissioner
• President
• Member of Investment Commitee
• Member of Nomination & Remuneration Committee

Edwin Soeryadjaya, an Indonesian Citizen, was appointed as the Company's President Commissioner by the Extraordinary GMS on 22 January 1997 until currently, and also serves as the Supervisor of the investment Committee of the Company and the member of the Nomination and Remuneration Committee of the Company. He is also one of the main shareholders of the Company and is affiliated with Michael W.P. Soeryadjaya, the President Director of the Company and Joyce Soeryadjaya Kerr, the Commissioner of the Company. He started his career in 1978 at Astra International, one of Indonesia's largest diversified conglomerates founded by his father. In 1993, he left his position as the Vice President Director and co-founded the Company which focuses on three pillars, i.e. natural resources, infrastructure and consumer products. In 1995, under a KSO scheme designed by the Government of Indonesia in cooperation with the World Bank, Edwin successfully led AriaWest team to win a 15-year KSO worth of +USD900,000,000. He currently serves as the President Commissioner of PT Adaro Energy Tbk. (coal & energy), PT Tower Bersama Infrastructure Tbk. (telecommunication towers), PT Mitra Pinasthika Mustika Tbk. (consumer automotive) and PT Merdeka Copper Gold Tbk. (gold and copper mining). He is also the Chairman (Non-Executive) in Interra Resources Limited (oil and gas). A long-time proponent of education, he remains active in the community through his roles as co-founder of the William Lily Foundation and the member of the Board of Trustees of Ora Et Labora Foundation. Edwin Soeryadjaya graduated from the University of Southern California with a Bachelor of Business Administration in 1974 and was awarded as Ernst & Young Entrepreneur of the Year in 2010.

Job Titles:

• Member of the Nomination and Remuneration Committee

Handianto Ganis, 66 years old, an Indonesian citizen, has been appointed as member of the Nomination and Remuneration Committee of the Company by the BOC since April 2013 and as Human Resources Division Head of the Company since 2007. Currently, he also serves as the President Director of PT Trimitra Utama Selaras and the Commissioner of PT Rahman Abdijaya. He graduated with a Bachelor Degree in Business Administration and Accounting from California State University, Los Angeles, as well as a Master of Business Administration degree from the University of Southern California, Los Angeles.

Job Titles:

• Chartered Financial Analyst
• Member of the Audit Committee

Hany is a Chartered Financial Analyst (CFA) with more than 30 years of corporate experience, ranging from planning and strategy, M&A, IT & Project Management System, and People & Organization Development. These include previous assignments in Arthur Andersen, PT Austindo Nusantara Jaya and PT Indofood Sukses Makmur Bogasari Flour Mills. She graduated with a degree in Economics (Accounting) from the University of Tarumanagara in 1990.

Job Titles:

• Commissioner

Indra Cahya Uno, an Indonesian Citizen, was appointed as the Commissioner of the Company based on the Shareholders' Resolution dated 14 May 2013, and continues to serve at such capacity. He is affiliated with Sandiaga Salahuddin Uno, one of the main shareholders of the Company. Currently, he serves as the Commissioner of ANTV (PT Cakrawala Andalas Televisi, the leading entertainment terrestrial television channel in Indonesia). Indra is also the Chairman of Mien R. Uno Foundation (an organization for youth entrepreneurship education), the Vice Chairman of Budaya Luhur Foundation (a national curriculum middle and high school that focuses on active learning), the commissioner of Jatis Mobile (PT Informasi Teknologi Indonesia, the leading mobile solution provider), and the founder of PT TPS Consulting Indonesia, a boutique strategic business transformation consultant and a certified member of the Indonesian Institute of Commissioners and Directors (a division of the National Committee on Corporate Governance). He has a Doctor of Philosophy degree in Strategic Management from University of Indonesia, Master of Business Administration degree from University of Southern California, Master of Science degree in Aerospace Engineering from University of Michigan, and a Bachelor of Science degree in Aerospace Engineering from The Wichita State University.

Job Titles:

• Commissioner

Joyce Soeryadjaya Kerr, an Indonesian Citizen, was appointed as the Commissioner of the Company by the Extraordinary GMS on 31 August 1999, and continues to serve at such capacity. She is affiliated with Edwin Soeryadjaya, the President Commissioner. Currently, she serves as the Commissioner in PT Unitras Pertama, one of the main shareholders of the Company and PT Pandu Dian Pertiwi. Aside from that, she is the President Commissioner of PT Nonferindo Utama and the Managing Director of Inter-Astrea (HK) Limited. She earned a Bachelor of Science from Southern California University, majoring in Language, Art and Science, specifically in German.

Juan Akbar Indraseno, 40 years old, holds a Bachelor of Law and Master of Law degrees from the University of Indonesia. Currently Juan Akbar Indraseno is the Corporate Secretary of PT Saratoga Investama Sedaya Tbk. Juan Akbar Indraseno joined PT Saratoga Investama Sedaya Tbk in 2012 after having worked experience for more than 9 years of professional employment in two multinational companies.

Job Titles:

• Finance Director
• Member of Investment Commitee

Lany Djuwita Wong, an Indonesian citizen, was appointed as Independent Director of the Company by the Annual GMS on 26 June 2018. Previously, she served as Director and Chief Financial Officer of PT Dharma Satya Nusantara Tbk from 2016 until June 2018 and PT Medco Energi Internasional Tbk from 2013 until 2015. During her tenure in Medco, she held several positions as director of subsidiaries, Head of Corporate Finance, and Head of Corporate Planning and Performance. Prior to that, she worked at PricewaterhouseCoopers as a Manager of Financial Advisory Services, Arthur Andersen and Astra International. She graduated with a degree in Economics (Accounting) from University of Indonesia in 1993, and subsequently earned a Master in Finance in 1996 from Texas A & M University, College Station, USA. She is also a Chartered Financial Analyst (CFA) since 2005.

Job Titles:

• Distinguished Leader

Jakarta, 7 October 2021-E-Commerce enabler SIRCLO today welcomed Triawan Munaf and Maurits Lalisang as the company's new commissioners. Triawan and Maurits will join forces to support SIRCLO in developing its technological capabilities, as well as accelerating the digitisation process of MSMEs and enterprise-scale businesses throughout Indonesia.

Job Titles:

• Director
• President
• Member of Investment Commitee

Michael William P. Soeryadjaya, an Indonesian citizen, was appointed as the President Director of the Company by the Extraordinary GMS on 10 June 2015. He is also the chair of the Investment Committee of the Company. He is affiliated with Edwin Soeryadjaya, the President Commissioner and one of the main shareholders of the Company. Michael has extensive experience in merger and acquisitions including involvement in the Initial Public Offering of the Company, PT Mitra Pinasthika Mustika Tbk., and PT Merdeka Copper Gold Tbk. Currently he is also a member to the Board of Commissioner of PT Aneka Gas Industri Tbk., a Director of PT Adaro Energy Indonesia Tbk., and a Director of Bersama Digital Infrastructure Asia Pte. Ltd.

Job Titles:

• Independent Commissioner

Prof. Sidharta Utama, Ph.D., CFA, an Indonesian Citizen, was appointed as the Independent Commissioner of the Company by the Extraordinary GMS on 22 February 2013, and also serves as the Chair of Audit Committee. He is a professor at the Faculty of Economics, University of Indonesia, with research interest in the area of corporate governance and has been teaching at the university for almost 20 years. Currently, he serves as a secretary of the Board of Trustees at the University of Indonesia, a member of the International Accounting Education Standards Board, a member of the Trustee Board - Indonesia Institute for Corporate Directorship, a member of the National Management Board - the Indonesian Institute of Chartered Accountants and a member of the Board of Advisory for Financial Accounting Policy of Bank Indonesia. He is also serving as the Independent Commissioner at PT Astra International Tbk., as well as being the Audit Committee member at PT Indo Tambangraya Megah Tbk. and PT Holcim Indonesia Tbk. He has a Doctor of Philosophy degree in Accounting from Texas A&M University, Master of Business Administration degree from Indiana University, and Bachelor of Economics degree from the University of Indonesia. He also holds a profession title i.e. Chartered Financial Analyst and Chartered Accountant.

Job Titles:

• Communications Manager

Job Titles:

• Head of Legal
• Head of the Legal and Corporate Secretariat Division

Sandi Rahaju, 52 years old, graduated from the University of Technology, Sydney in 2007 which entitled her to hold a doctorate degree in juridical science (SJD) and previously since 2002, a Master in Business Administration from the University of Indonesia. Sandi Rahaju is currently the head of Legal and Corporate Secretariat of PT Saratoga Investama Sedaya Tbk, an investment holding company in Jakarta; and the chairperson of ORA et LABORA JAKARTA Christian Foundation (since 2014) which oversees Ora et Labora Schools in Jakarta and South Tangerang. Prior to merging Legal Division with Corporate Secretariat in 2016, Sandi Rahaju was a member to the Audit Committees of PT Selamat Sempurna Tbk (2010-2016) and at the same time was also serving as a member to the Audit Committee of PT Mitra Investindo, Tbk . Sandi Rahaju joined Saratoga in 2007 after gaining of more than fifteen years of professional employment in two multinational companies and a law firm.