Beijing, 11 April2026— GEM Co., Ltd. successfully hosted an investment exchange with guests from Indonesia's Ministry of Investment and Downstream Industry in Beijing. More than ten high-ranking Indonesian officials attended, including Mr. Rosan Perkasa Roeslani, Minister of Investment and Downstream Industry / Head of the Investment Coordinating Board, and Mr. Djauhari Oratmangun, Indonesian Ambassador to China. They were joined by Professor Xu Kaihua, Chairman of GEM, along with leading Chinese representatives.

Centered on the theme of industrial and cultural integration, both sides engaged in in-depth discussions on nickel resources development, downstream industrialization, green industrial park construction, and talent cultivation. The exchange explored new investment opportunities between China and Indonesia, committing to grow together with Indonesia.

This engagement built on the Framework Agreement for a 66,000-ton Nickel Metal Hydrometallurgical Green Project, signed on August, 2025, between Indonesia's Sovereign Wealth Fund, Danantara, and GEM. The agreement marks significant step forward in advancing Indonesia’s nickel downstream industry and strengthen GEM’s strategic presence in the country.

▲ Scene of the Investment Exchange with Guests from Indonesia's Ministry of Investment and Downstream Industry

Long-term Commitment in Indonesia: Three Major Achievements

Chairman Xu Kaihua presented GEM's three major achievements in Indonesia since 2019, highlighting the company’s role in advancing industrial upgrading, talent development, and technological innovation. First, industrial achievement: GEM, has established the QMB high-tech industrial park, integrating “Technology + Intelligence + Green”. The park represents Indonesia’s first fully integrated industrial chain, from laterite nickel ore to high-nickel ternary precursors, significantly advancing the green transformation of the country’s nickel industry.

Second, talent cultivation achievement: Through partnership with the Indonesian government and Central South University, GEM launched the China-Indonesia Joint Master’s Program in Metallurgical Engineering. To date, 266 top Indonesian students have been admitted to study in China across disciplines including metallurgical engineering, rail transit, and international trade, contributing to a growing pool of skilled industrial talents. Third, technological cooperation achievement: GEM invested USD 30 million to establish the China-Indonesia Joint Research Laboratory in Bandung, now recognized as a key national innovation platform supporting Indonesia’s green industrial transformation.

▲ Chairman Xu Kaihua presenting GEM's three major achievements in Indonesia to Minister Rosan

Building a Green Zero-Carbon Park to Achieve Shared Community Prosperity

Chairman Xu Kaihua also presented a live update on the progress of the IGIP (International Green Industrial Park), a flagship project led by GEM. He parks integrates industrial development with community building, reflecting a model of shared prosperity.

Within just eight months, key infrastructures have been completed, including a landmark clock tower, sports facilities, a mosque, brand-new community concrete roads, and residential housing for employees. The rapid development and high construction standards impressed Minister Rosan, who remarked, "This is GEM speed!"

In his welcome remarks, Chairman Xu Kaihua emphasized that Indonesia offers a highly favorable investment environment and reaffirmed GEM’s long-term commitment to the country. He expressed appreciation for the strong support provided by the Indonesian government, describing Minister Rosan as “a trusted partner in advancing bilateral cooperation.”

The IGIP project—developed in partnership with Danantara, PT Vale Indonesia, and South Korea’s EcoPro—is designed as a world-class green and low-carbon industrial park. With its zero-carbon operational, IGIP is positioned to become a benchmark for Indonesia’s industrial transformation.

▲ Professor Xu Kaihua, Chairman of GEM, delivering the welcome address

In his speech, Minister Rosan praised GEM’s contributions to Indonesia’s industrial development, talent cultivation, and technological advancement. He described GEM as a key partner in Indonesia's green transformation and commended its leadership in laterite nickel ore processing and workforce development.

He also expressed strong support for IGIP's green design and zero-carbon model, noting the project's rapid progress and the impact on local communities. The Indonesian government, he stated, will fully support IGIP’s development, including its potential designation as a National Special Economic Zone.

▲ H.E. Mr. Rosan Perkasa Roeslani, Minister of Investment and Downstream Industry / Head of the Investment Coordinating Board, delivering a speech

Minister Rosan further outlined Indonesia's latest policies on energy transition. He stated that Indonesia is accelerating the transformation of its energy structure from traditional fossil fuels to green energy. With approximately 130 million motorcycles and annual demand for 9 million new units, Indonesia is accelerating electrification policies and expanding charging infrastructure. He welcomed companies like GEM to deepen their participation through joint ventures and strategic cooperation.

Joining Hands to Promote Coordinated Development of the Industrial Chain

The exchange also brought together leading Chinese companies, including CALB, Jingjin Equipment, and Xi'an Pump & Valve to participate, expanding opportunities for broader industrial collaboration.

The event deepened mutual understanding, strengthen strategic trust, and injected new momentum into the development of IGIP project. It also reinforced confidence among Chinese enterprises in Indonesia as a key destination for long-term investment.

Looking ahead, GEM and its partners aim to further integrate industrial development with cultural exchange, supporting Indonesia’s “Golden Indonesia 2045” vision and advancing a sustainable, mutually beneficial partnership between China and Indonesia.

▲ IGIP under development – Building a world-class green and low-carbon park

▲ Completed and operational employee dormitories for Indonesian staff at IGIP

▲ Newly built community integrating Chinese and Indonesian cultures at IGIP

▲ Newly built community soccer field at IGIP

▲ Newly built community sports hall at IGIP

▲ The mosque at IGIP

▲ The community agricultural product market at IGIP