Jakarta, Thursday 18 August 2016, PT Indonesian Paradise Property Tbk held the Extraordinary General Meeting of Shareholders (EGMS) at HARRIS Hotel Tebet – Jakarta.

The Meeting was attended by all members of Board of Directors and Board of Commissionersand was led by Mr. TodoSihombing as the President of Commissioner cum Independent Commisioner.

The resolution of EGMSwas approved to encumber the Company’s net asset with value of more than 50% (fifty percent) of the Company’s net asset in 1 (one) transaction or more which either correlates or not with each other.

For more information on the Resume of EGMS please visit “Other Report” in this website.