CG Power and Industrial Solutions Limited — Important, 05-03-2026: Disclosure of material issue

CG Power is streamlining its international operations. The company's wholly-owned foreign subsidiary is selling its 51% stake in PT Crompton Prima Switchgear Indonesia (CPSI) to co-owner PLNE for a nominal IDR 1.

**Issue:** This move formalizes CG Power's exit from CPSI, an Indonesian step-down subsidiary that is currently non-operational and whose factory assets were previously sold to PLNE.

**Impact:** CG Power clarifies there will be *no adverse financial impact* on its financial statements. This indicates a clean divestment of a dormant asset, which could simplify the group structure.

**Company’s Plan:** The sale, expected to complete by March 31, 2026, represents the company's strategy to fully divest from a non-core, non-operational entity.

#CGPower #Divestment #Streamlining