Merdeka Gold Resources Ready to List on the Hong Kong Stock Exchange

PT Merdeka Gold Resources Tbk (IDX: EMAS) (“MGR” or “Company”), which is a subsidiary of PT Merdeka Copper Gold Tbk (MDKA), is preparing to list its shares on the Hong Kong Stock Exchange.

Jakarta, MINE – A subsidiary of PT Merdeka Copper Gold Tbk (MDKA), PT Merdeka Gold Resources Tbk (IDX: EMAS) (“MGR” or the “Company”) is ready to list on the Hong Kong Stock Exchange.

On March 20, 2026, the Company officially submitted a listing application (Form A1)(“Request for Listing in Hong Kong” or “Request for Listing”) to The Stock Exchange of Hong Kong Limited (“Hong Kong Stock Exchange”), in accordance with the provisions in Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

UBS Securities Hong Kong Limited and CITIC Securities (Hong Kong) Limited have been appointed as joint sponsors of the Company in connection with the Listing Application in Hong Kong.

“Submitting our listing application on HKEX is an important step after our successful IPO on the Indonesia Stock Exchange in September 2025 and the start of production in Pani at the beginning of this year,” said MGR President Director, Boyke Poerbaya Abidin in an official statement received by TAMBANG, Wednesday (25/3).

“We remain focused on improving operations safely and providing long-term value, while expanding access to international capital markets,” he added.

This application for listing in Hong Kong aims to expand the Company’s access to international investors, increase the trading liquidity of the Company’s shares, and provide greater flexibility in accessing funding to support the Company’s future growth.

In this regard, the Listing Application is carried out in the best interests of the Company, because the Company believes that the Listing Application will strengthen the Company’s capital market platform and international profile, expand and diversify the shareholder base through access to global institutional investors, increase liquidity, strengthen governance and reporting standards in accordance with the international regulatory framework, and support the Company’s long-term growth strategy, while still taking into account applicable regulatory provisions and market conditions.

MGR is currently developing and operating the Pani Gold Mine located in Pohuwato Regency, Gorontalo Province, Indonesia, which by 2030 is expected to occupy a position among the two primary gold mines with the highest production levels in Asia.

The project has achieved first gold pour in February 2026 and completed its first gold sale in March 2026 to PT Aneka Tambang (Persero) Tbk (IDX: ANTM), based on a two-year domestic gold sale and purchase agreement with ANTM.

This achievement marks the start of commercial gold production and is an important step in the Company’s operational activities.

In this regard, draft application proof The disguised listing documents have been published on the Hong Kong Stock Exchange website for informational purposes only.

Application proof The disguised document is a draft document submitted as part of the Listing Application process and is intended to provide a comprehensive overview of the Company’s business activities, operations, financial information and risk factors.

The recording document is not yet a final document, is still subject to a review and revision process by the regulator, and cannot be used as a basis for making investment decisions.

There is nothing in this document or in draft application proof on disguised recording documents, which can be considered an offer to sell or a request to buy securities, or constitute a public offering based on the laws and regulations in the Indonesian capital market sector.

“Shareholders and potential investors are expected to pay attention that the planned Listing Application in Hong Kong is still subject to, among other things, regulatory approval and prevailing market conditions. Thus, there is no guarantee that the Listing Application will be implemented or completed. Shareholders and potential investors are advised to be careful in carrying out transactions on the Company’s securities,” he concluded.

Further announcements will be made in accordance with the provisions of applicable laws and regulations.