The Board of Directors of KPJ (“Board”) wishes to announce that the Company’s subsidiary KPJSB had, on 29 July 2020, entered into two (2)  separate Shares Sale and Purchase Agreements (“SSPA”) with Mr Irfan Jasri and Ms Annie Trisusilo for the proposed disposal of its 80% stake in PT Khidmat Perawatan Jasa Medika (“KPJM”).

KPJM operates a specialist hospital in Jakarta Barat, Indonesia known as RS Medika Permata Hijau. It is a joint-venture company between KPJSB  which holds an 80% share and Mr Irfan Jasri who holds a 20% share of the paid-up capital of KPJM.

For further details of the Proposed Disposal, please refer to the attachment.

This announcement is dated 30 July 2020.