Merry Riana Education (MERI) Set to Go Public on the Development Board: A Strategic Initiative by Merry Riana and Hermanto Tanoko to Drive Educational Impact in Indonesia

Jakarta, June 24, 2025 – After more than a decade of inspiring and providing transformational education to tens of thousands of children and teenagers in Indonesia, Merry Riana Education (MRE) is now ready to enter a new chapter: going public on the Indonesia Stock Exchange, listed under the stock code MERI on the Development Board.

This move is not merely a business expansion. It is a long-term mission to strengthen the ecosystem of Character Education and Soft Skills Development in Indonesia, carrying the same spirit as when MRE was first founded... from a small garage to becoming a market leader.

The Right Momentum for an IPO: From Steady Growth to Strategic Leap

With consistent annual growth over the past three years, 34 Merry Riana Learning Centre locations, and three growing revenue streams (Learning Centre, Events, and Digital Learning), MRE is now at a strategic point. This IPO is not designed as an exit strategy—but rather to accelerate MRE’s marathon toward the future.

In a constantly evolving sector, education remains an essential need. Timeless and resilient against economic cycles. That’s where MRE stands: relevant, robust, and still in the early stages of its vast potential.

Locked in Trust: 5-Year Founder Lock-Up

In the capital markets, few things are more compelling than genuine commitment. At MRE, commitment isn’t just spoken—it’s demonstrated. Merry Riana, the founder and face of the brand, has made a rare move: locking up her entire ownership stake for a full five years.

This is a clear declaration: she isn’t selling short-term hope, but planting a long-term vision. She believes the company’s true value has yet to be fully realized—and those who join early will journey together toward greater heights. "I'm not just building a business. I'm building a future. I believe the value of MERI isn’t just in what it is today, but in what it will become over the next five years. That’s why I’m choosing to stay—with you." — Merry Riana, Founder & Executive Chairwoman, MRE.

This commitment stands as a moral assurance to investors: the founder remains at the forefront—not headed for the exit.

Backed by Strategy, Not Just a Dream: Tancorp Joins

In Hermanto Tanoko, a highly respected national business figure, joins MRE as a strategic investor through Tancorp. "After the IPO, Tancorp will continue to actively support the expansion and growth of MERI. We’re offering our full support," — Hermanto Tanoko, Founder of Tancorp & Strategic Investor in MRE.

Tancorp’s involvement adds credibility, corporate backing, broad network access, and a benchmark for high professionalism. This sends a strong signal to the market: MRE isn’t just driven by passion—it has the structure. Not just dreams, but a clear roadmap to achieve them.

Funds for Growth, Not for Experimentation

Proceeds from the IPO will be used in a targeted and strategic manner to support expansion:

IPO Structure: Up to 266,660,000 shares, or a maximum of 25% of the post-IPO issued and paid-up capital, will be offered at a price range of Rp110 to Rp150 per share. This is expected to raise up to Rp39,999,000,000. Fund Allocation:

● 65% to expand the Merry Riana Learning Centre network through partnerships and rental models

● 35% to strengthen Merry Riana Events, including programs like Life Camp, Leadership Camp, and Billionaire Camp ●

This includes recruitment, training, marketing, and enhancement of digital infrastructure

With an asset-light approach based on partnerships and rentals, this strategy allows rapid expansion without excessive financial burden—ensuring that MRE’s growth remains both high-quality and sustainable.

Going Public, Growing Responsibility

MRE has appointed PT Lotus Andalan Sekuritas as the Lead Underwriter for this IPO. Through this public offering, MRE is not only opening the door for investment but also for broader collaboration, greater transparency, and stronger social responsibility. "The future of education won’t be defined by who can write the best curriculum, but by who has the courage to build the ecosystem. Education is not just about teaching—it's about mobilizing. Parents, teachers, communities, and businesses must move forward together. And let us take the first step. A step not just big, but meaningful. For one goal: to ignite education for the people of Indonesia." — Merry Riana.

About Merry Riana Education (MRE)

Founded in 2014 by Merry Riana, MRE is a leading personal development and educational institution in Indonesia, focused on soft skills learning and character building for children and teenagers. Through its Experiential Learning Technologies™ approach, MRE has impacted tens of thousands of students and is committed to expanding its reach across the nation.