3949263 Certificate No. 04281/COEAAO Date: December 8, 2021 Be SUGORINDO 4 Jeod. A. Yani No.1 Gunung Sar Uy, Balkpapan 76122, Indonesia PhonelFacs: +62 642 732186/420807 Email. bpp@sucotindo co REPORT OF ANALYSIS Principal INDO CAHAYA ENERGI INTERNASIONAL, PT Subject COAL ANALYSIS Date of Received + December 06, 2021 Date of Analysis December 06 up to 08 2021 Tested For Total Moisture, Proximate Analysis, Total Sufur and GCV Description of Sample: 1 (One) sample in plastic bag ( unsealed ) was supplied by client Code of Sample 2 ICEIB Reference 01370/8PP-XiN/BIPI2021 Date December 05, 2021 RESUL Code of Sample cere : ‘Test Mathod ‘Mass as Received (ko) 18.100 a Parameter Unit RESULT | Total Mostre (en_| %wt 143 [ASTM o33ce/Ds30aM- 19 [ Moisture in The Anelysis Sample (aco) | Sowe 89 ‘ASTM DS17SD3173M- 17a ‘Ash Content (ecb) | Sewt 33 ASTM D3174- 12 201B)et Volatile Matter (ee) | Hw 424 [_astmpsi75-20 | 7 Fikes Carbon by Difference (oat) | Yew 454 [ASTM 03172- 13 “otal Sulphur (omy | %wt 0.95 [ASTM 4239 18° Method A (esd 7 Gross Catorfe Value (22) | cath ee! | astm pseesroseesm- 19 | @_| 6018 *) Exo Te Sop 01180 17025-2008 Acrestaton “Thsrepatrefets cr ncn he srl) sume ert ony and dows oer to ay cet mates “This test result(s) related to the sample (s) submitted only and the report! certificate cannot be reproduced in any way, except in full context and with the prior approval in writing from Sucofindo Laboratory” “Ths Coticteopetis sve der our Genoa Tens ané Conan, copy of hich is valle pon request ormay be aressed et wan sucofnda.coid 5601032100101 $CI-2007A