AUDIT COMMITTEE CHARTER
PT Red Planet Indonesia Tbk.

INTRODUCTION

PT Red Planet Indonesia Tbk (the "Company"), is a public company engaged in the budget hotel business, listed on the Indonesia Stock Exchange (IDX), and is subject to certain regulations of the Indonesian Financial Services Authority (OJK) and IDX.

The formation of an Audit Committee is the Company's commitment to comply with the OJK regulations and is in line with the implementation of Good Corporate Governance.

OBJECTIVE OF AUDIT COMMITTEE FORMATION

The Audit Committee is an independent committee established by the Board of Commissioners (BOC).

The primary function is to assist the BOC in fulfilling its oversight responsibilities for the financial reporting process, internal control system, audit process, and the Company's process in monitoring compliance with the laws and regulations and the code of conduct.

DUTIES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE

1. Review the Company's financial information such as financial statements, projection, and other reports related to the Company's financial information.

2. Review the Company's compliance with the laws and regulations related to the Company's activities.

3. Provide independent opinion when opposing opinion occurs between Management and Accountant on its service.

4. Provide recommendations to the BOC on the appointment of External Auditors based on independency, audit scope and fee.

5. Review the audit implementation of Internal Auditors and the Directors and follow up on Internal Auditors' findings.

6. Oversee the risk management activities implemented by the Directors.

7. Oversee the complaints related to the Company's accounting process and financial reporting.

8. Oversee and advise the BOC on any potential conflict of interests.

9. Maintain the confidentiality of the Company's documents, data and information.

AUTHORITY OF THE AUDIT COMMITTEE

1. Access the Company's records, data, and information regarding the employees, funds, assets and the Company's resources needed.

2. Communicate directly with the employees, including Directors and the parties that carry out the function of internal audit, risk management, and Accountant in relation with their duties and responsibilities.

3. Engage an independent party outside the Audit Committee to support its duties, where appropriate.

4. Other authorities assigned by BOC.

COMPOSITION AND STRUCTURE OF THE AUDIT COMMITTEE

1. The members of Audit Committee are appointed and dismissed by the Board of Commissioners.

2. The Audit Committee shall, at a minimum, consist of three members, consist of an Independent Commissioner and other members from external parties.

3. The Chairman of Audit Committee is the Independent Commissioner.

REQUIREMENTS FOR AUDIT COMMITTEE'S MEMBERS

Audit Committee members must:

1. have high integrity, adequate capability, knowledge, and experience, as well as effective communication skill.
2. have adequate knowledge and understanding of the company's business, audit processes, risk management, financial statements, and capital market laws and regulations and other related laws.
3. comply with the Code of Ethics of Audit Committee defined by the Company.
4. be willing to improve the competency continuously through education and training.
5. have one member of the Audit Committee with educational background and expertise in accounting or finance.
6. not be insiders of a Public Accounting Firm, Law Firm, or other parties that provide attestations, non-attestations and/or other consulting services to the Company within the last six months.
7. not be individuals working for the Company and have the authority and responsibility to plan, lead, control, and monitor the Company's activities within the last six months, except for the Independent Commissioner.
8. not have direct or indirect shares in the Company. In cases wherein Audit Committee members directly or indirectly receive Company shares as a result of a legal event, they must transfer the shares to other parties no later than six months after the shares are received.
9. not have affiliated relationship/s with the Company, Commissioners, Directors or the majority shareholders
10. not have direct or indirect business relationship related to the Company's operations.

WORKING PROCEDURES

1. Meeting of Audit Committee

1. The Audit Committee shall hold regular meetings, at a minimum, once every three months.
2. The Audit Committee meeting could only be held if it is attended by more than half of total members.
3. The decisions during Audit Committee meetings are made based on deliberations and consensus.
4. Minutes of the meeting, along with any dissenting opinions, are taken by an assigned individual, signed by all meeting participants, and distributed to the BOC every Audit Committee meeting.

2. Reporting

1. The Audit Committee submits a report to the BOC for every assignment given to them.
2. The Audit Committee prepares the annual report regarding the Audit Committee's activities which is disclosed in the Company's Annual Report.
3. The Company submits a report, regarding the information of appointment and dismissal of the Audit Committee, to Otoritas Jasa Keuangan (OJK) at a maximum of two working days after the appointment or dismissal.
4. Information regarding the appointment and dismissal of the Audit Committee must be uploaded into the IDX's website and/or the Company's website.
5. The Audit Committee Charter must be uploaded into the Company's website.

COMPLAINTS HANDLING

The Audit Committee prepares the procedures for:

1. the receipt, retention, and treatment of complaints received by the Company related with accounting, internal control, or auditing matters.

2. the confidential anonymous reports filed by an employee and/or other parties related to the accounting and auditing matters of the company.

PERIOD OF SERVICE

The period of service of the Audit Committee shall not be longer than the period of service of the BOC as stipulated in the Article of Association, and the Audit Committee may be reappointed for one more period only.

INTERNAL AUDIT CHARTER
PT Red Planet Indonesia Tbk.

INTRODUCTION

PT Red Planet Indonesia Tbk (the "Company"), is a public company engaged in the hotel business, listed on the Indonesia Stock Exchange (IDX), and is subject to certain regulations of the Indonesian Financial Services Authority (OJK) and IDX.

The formation of Internal Audit Unit is the Company's commitment to comply with the OJK regulations and in line with the implementation of Good Corporate Governance.

Internal Audit is an independent and objective assurance and consultation activities, to add value and to improve the Company's operations, through a systematic approach, by evaluating and increasing the effectivity of risk management, internal control, and Good Corporate Governance process.

The Internal Audit Unit is the unit that executes the internal audit function.

Internal Audit Charter is a formal document explaining the structure and position of Internal Audit Unit, qualification, scope of work, reporting guidance, authority, responsibility, professional standard, relationship with external auditors, code of ethics, and independency and objectivity of the Internal Auditor.

OBJECTIVE OF THE INTERNAL AUDIT FORMATION

1. To carry out the oversight function independently at the Company, especially to provide objective assurance in providing added value to and improving the Company's operations.

2. To support the achievement of the Company's objectives through a systematic approach in evaluating and improving the effectiveness of risk management, internal control, and Good Corporate Governance.

3. To become the professional advisor for the Board of Directors (BOD).

STRUCTURE AND POSITION OF THE INTERNAL AUDIT

1. The Internal Audit Unit is led by a Head of Internal Audit.

2. The Head of Internal Audit Unit is appointed and terminated by the President Director with the approval from the Board of Commissioners (BOC).

3. President Director can terminate the Head of Internal Audit Unit, with the approval from BOC, if he does not fulfill the requirements as an Internal Auditor as stated in this rule and/or fails or is incapable to perform his duty.

4. The Head of Internal Audit reports to the President Director.

5. Every appointment or termination of the Head of Internal Audit shall be notified to OJK.

DUTIES AND RESPONSIBILITIES OF THE INTERNAL AUDIT

1. Prepare and perform the annual Internal Audit plan.

2. Assess and evaluate the implementation of internal control and risk management system in accordance with the Company's policy.

3. Perform audit and assess the efficiency and effectiveness in finance, accounting, operations, human resources, marketing, information technology and other activities.

4. Provide corrective recommendations and objective information on the audited activities at all management level.

5. Prepare the audit report and deliver the report to the President Director and BOC.

6. Monitor, analyse, and report the progress of recommendations follow up.

7. Coordinate and cooperate with the Audit Committee.

8. Develop program for evaluating the quality on Internal Audit activities.

9. Perform special audit, if needed.

AUTHORITY OF THE INTERNAL AUDIT

1. Full, free and unrestricted access to the Company's records, physical properties and employees, which are relevant to the assignment, with responsibility to maintain the confidentiality and to safeguard the records and information.

2. Communicate directly with the BOC, BOD and/or Audit Committee.

3. Perform regular and incidental meetings with the BOC, BOD and/or Audit Committee.

4. Coordinate its activities with the External Auditors.

5. Obtain support from the Company's employee or external parties, if necessary, to perform its duties.

6. Determine the audit schedule, audit scope, audit techniques and procedures, and allocate the resources to achieve the audit objectives in consultation with the Audit Committee and President Director.

7. Audit the follow up and improvement performed by the auditee.

CODE OF ETHICS OF THE INTERNAL AUDIT

1. Integrity:

• Perform the work with honesty, diligence, and responsibility.
• Comply with the laws and regulations and provide audit disclosures in accordance with the laws and regulations, and the profession.
• Not involved in any illegal activities or incompliance with the Internal Audit profession or the Company's norms.
• Respect and provide contribution to the compliance of the Company's code of ethics.

2. Objectivity

• Not participating in any activities and relationship that may impair or be presumed to impair the audit results.
• Not accepting anything that may impair or be presumed to impair their professional judgement.
• Disclose all material facts known to them that, if not disclosed, may distort the conclusion of audit results under review.

3. Confidentiality

• Be prudent in using and protecting the information obtained during the audit assignment.
• Not using the information for personal interest or in any manner that would be contrary to the law or incompliance with the Company's code of ethics.

4. Competency

• Engage only in the assignments in which the Internal Auditors have the adequate knowledge, skills, and experience.
• Continuously improve their skills, effectiveness, and quality of their services.
• Perform the audit in accordance with the International Standards for the Professional Practice of Internal Auditing.

REQUIREMENTS FOR INTERNAL AUDIT’S  MEMBERS

1. Have professional integrity and conduct, independence, honesty and objectiveness in performing his duties.

2. Have adequate knowledge and experience in audit techniques and other relevant skills that are relevant to his duties.

3. Have adequate knowledge in capital market regulations and other relevant regulations.

4. Have effective interaction and communication skills both oral and written.

5. Comply with the professional standard issued by the Internal Auditor Association.

6. Comply with the Internal Auditor's code of ethics.

7. Maintain the Company's confidentiality information and/or data related to the role and responsibilities of the Internal Audit Unit except required by regulations or court's decisions.

8. Understand the Good Corporate Governance and risk management.

9. Willing to continuously enhance his knowledge, skills, and professionalism.

REPORTING AND MONITORING

The Head of Internal Audit reports the audit results functionally to the BOC and structurally to the President Director.

Internal Auditors directly report to the Head of Internal Audit.

The audit report is communicated to the Head of Internal Audit after concluding every assignment and is distributed as appropriate.

The Internal Audit Report includes management's responses and corrective actions taken and to be taken regarding the audit findings and recommendations. Management's responses on the area under audit should include the time frame for corrective actions.

The Internal Audit Unit is responsible to monitor the status of management's follow up on the audit findings and recommendations.

EFFECTIVE PERIOD

This Internal Audit Charter is effective from the date of its approval. Every Internal Auditors' activities must comply with this Charter since its effective date.