Jakarta, December 6, 2021 – PT Cisarua Mountain Dairy Tbk or Cimory has officially listed its company at the Indonesian Stock Exchange (IDX) under the code CMRY on Monday, December 6, 2021. The total number of shares released through its initial public offer (IPO) reached 1,190,203,000 shares representing 15 percent of paid up capital and placed by the firm after its IPO.

The offering price is Rp3,080 per share. Hence, the firm has collected funds reaching Rp3.66 trillion.

Founder and CMRY President Commissioner Bambang Sutantio said this is a historical moment for the company as the company continues to further strengthen its mission to become the leader in dairy and consumer food, by providing processed milk products and strong premium meat in the modern trade era.

"The IPO is a historical moment for us, where we have transformed from being a family owned company to a publicly listed company, which has strong commitment to good corporate governance as we continue to focus on sustainable growth," he said during the initial public offering ceremony at IDX on Monday, December 6, 2021.

President Director / Group CEO CMRY Farell Sutantio added that throughout the pandemic, the company has been able to increase awareness by encouraging consumers to indulge in more nutritious food and beverages.

"Cimory will always focus on product innovation and create new markets in the protein-based food category. We will also continue to expand our distribution by investment in cold chain logistics, and additionally increase our partnership program in Miss Cimory. Currently, we have collaborated with more than 3,600 mothers throughout Indonesia through the Miss Cimory program, whose main goal is to create new jobs" he elaborated.

Around 33% of the IPO proceeds collected will be used for capital investment related purposes in order to increase production capacity in the forms of: property, factories and equipment. Additionally, 25% of the capital raised will be used by the subsidiary, namely PT Macroprima Panganutama (MP), which engages in food processing to increase its production capacity and capital investment.

Around 20% of the IPO proceeds would be utilized for capital investment by its subsidiary, PT Macrosentra Niagaboga (MN), which engages in agency and channel distribution. The fund will be primarily used by MN for investment related purposes to expand the distribution centers as well as other capital investment.

Also, approximately 15% of the IPO proceeds will be used for financial capital purposes related to distribution channel expansion in the form of outlets as well as supporting the Miss Cimory expansion, which includes training and development. Finally, around 7% will be used for the company’s daily operational needs.

In this initial public offering, the Company has appointed Nomura Singapore Limited, PT CLSA Sekuritas Indonesia and PT Mandiri Sekuritas acts as the Joint Global Coordinators. Meanwhile, PT CLSA Sekuritas Indonesia and PT Mandiri Sekuritas also acts as the Lead Domestic Underwriters.

About PT Cisarua Mountain Dairy Tbk.

The company was founded in 1993 and its primary business activities are in premium milk products and leading premium consumers food in Indonesia.

At a glace the company’s performance indicates a positive trend which was reflected by the substantial profit growth in June 2021 that reached Rp364.5 billion, representing 798.54% growth from Rp40.6 billion which was booked in June 2020. Whereas per December 2020 the profit reached Rp177.0 billion.

Meanwhile, the company’s net sales as per June 2021 was recorded at Rp1,581.7 billion. Up 115.1% from Rp735.4 billion in June 2020. The company’s net sales per June 2021 is almost the same as the company’s achievement in 2020 reaching Rp1.862,0 billion.

For further information, please contact the following:

Telephone : +62 21 5874630

Website : www.cimory.com

Email : corsec@cimory.com