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Our Company was incorporated in Singapore on 7 April 2003 as an investment holding company. Certain of our subsidiaries commenced operations in the early 1990s with the participation of the Salim Group and several Singapore government-linked investors, such as the SCI Group, the Keppel Group and JTC Group. Our businesses in Bintan and Batam benefit from the close economic co-operation between Indonesia and Singapore and the signing in 1990 of the agreement between the governments of Indonesia and Singapore on Economic Cooperation in the Framework of the Development of the Riau Province. The agreement provides for, inter alia, the cooperation of both governments to promote international investments in tourist resort development and tourist infrastructure in the Riau Province of Indonesia (especially Bintan), investments in Singapore by Indonesian residents and companies and investments in Indonesia by Singapore residents and companies, and the development of investment projects in the Riau Province and Singapore. Bintan and Batam are located within the Riau Archipelago in Indonesia and became a separate province since 2004.
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