15 Feb IPO BOSS As of today, February 15, 2018, one of our valued clients, PT Borneo Olah Sarana Sukses Tbk is officially listed their share in the Indonesia Stock Exchange. With a ticker “BOSS”, the share price skyrocketed from IDR400,- per share to IDR600,- per share, or equal to 50% price increment, reaching the single day price increments plafond in IDX for its debut. The IPO provides BOSS with around IDR160 billion of fresh fund, whereas, around IDR50 billion will be used for loan repayment, whilst the remaining IDR110 billion is allocated for expansion (capex needs). Similar with TGRA, as coal sector just turned around from its lowest cycle in the early 2016, we considered 2018 as the rising era of coal mines, with the share price of listed coal mining companies such as PT Indo Tambangraya Megah Tbk (“ITMG”), PT Adaro Energy Tbk (“ADRO”), PT Indika Energy Tbk (“INDY”) has rose around 500%, 450%, 3,600% respectively from their lowest in 2016 to end of January 2018, our investment committee has decided to put our investment in this solid firm and maintained our long position for the next couple of years. SF Capital was appointed as the Financial Advisor of the Company for both Pre-IPO and the IPO transaction.