MERI Temporarily Suspended by BEI After 341.41% Increase — Management Expresses Long-Term Appreciation and Confidence

PT Merry Riana Edukasi Tbk (stock code:MERI) said on Friday, July 18 2025, that the Indonesian Stock Exchange (BEI) officially carried outtemporary suspension (suspension)on MERI share trading in the regular market and cash market. This suspension was carried out after MERI shares experiencedcumulative increase of 341.41%in 6 consecutive trading days since the IPO on July 10, 2025.

A similar phenomenon was also experienced by two issuers who IPOed simultaneously:COINSAndCDIA— both rose above 300%, briefly on the radarUnusual Market Activity(UMA) and finally in-suspendby BEI. This shows that the MERI suspensionpurely in response to market euphoria, not because of the selling fundamentals.

MERI management stated that this decisionfully understood and appreciated, and is part of the investor protection mechanism and capital market stability which is the responsibility of the IDX.

Official Statement from Merry Riana – Founder & President Commissioner of PT Merry Riana Edukasi Tbk

"I understand and respect BEI's decision as part of the supervisory mechanism to maintain capital market stability. In fact, I am very grateful for the extraordinary enthusiasm of the public and investors for MERI shares over the last few days."

"From the start, we realized that education is not a passing trend. Education is the foundation of the nation. Moreover, character education, soft skills, entrepreneurship and leadership are the main needs of the young generation in an era that is constantly changing."

"As was my commitment from the start, I will keep the shares locked up for the next 5 years, because I believe that this journey is not a sprint, but a marathon. I personally will only start to enjoy the results later, after 2030. But even so today, I enjoy something much bigger: Seeing many people believe in it, take part in the movement, and become part of this vision and for that I am truly grateful."

About MERI

PT Merry Riana Edukasi Tbk (MERI) is a transformational education company that leads character development,soft skills, and self-confidence of Indonesian children and adolescents through three main pillars:

● Learning Center

● Event-Based Learning

● DigitalLearning

Over the last three years, MERI posted an averageannual growth of more than 30%, with a proven business modelprofitable and sustainable.

Suspension is not a sanction, but a cooling down

BEI's suspension of MERI is a practicewhich was also experienced by several other IPO shares which experienced significant spikes, such as COIN and CDIA.

The suspension istemporary, aims to give the market time to make adjustments and consider the information carefully.

Management confirmed thatthere are no fundamental, legal, or operational issuesthat underlies this suspension. MERI continues to carry out all work and expansion programs according to the plans presented in the prospectus and previous public exposure.

"To long-term investors, who choose to believe in our vision, who don't just look at today's numbers —but the future of Indonesian education... Thank you. Your support is the foundation of our long journey ahead"closed Merry Riana.

Touching Hearts Changing Lives,

Astri Novaria

PR & Media Officer

Merry Riana Group

WA: 0857 1784 7626 | Tel: 021 5010 0576

www.MerryRiana.com