Meri is temporarily suspended by the IDX after an increase of 341.41% - Management conveys long -term appreciation and confidence

PT Merry Riana Education Tbk (Stock Code:Meri) said on Friday, July 18, 2025, that the Indonesia Stock Exchange (IDX) officially didTemporary Termination (Suspension)against Meri's stock trading in the regular market and the cash market. This suspension was carried out after Meri's shares experiencedcumulative increase by 341.41%Within 6 days of trading in a row since the IPO on July 10, 2025.

A similar phenomenon is also experienced by two IPO issuers together:CoinAndCDIA- Both of them rose above 300%, had entered the radarUnusual Market Activity(Uma) and finallysuspendby Bei. This shows that the Meri suspensionPure in response to market euphoria, not because of the selling fundament.

Meri's management stated that this decisionfully understood and valued, and is part of the mechanism for the protection of investors and the stability of the capital market which is the responsibility of the IDX.

Official statement from Merry Riana - Founder & President Commissioner of PT Merry Riana Tbk Education

"I understand and respect IDX's decision as part of the supervision mechanism to maintain the stability of the capital market. Instead, I am very grateful for the extraordinary enthusiasm of the community and investors of Meri shares for the past few days."

"From the beginning, we realized that education is not a momentary trend. Education is the foundation of the nation. Moreover, character education, soft skills, entrepreneurship and leadership are the main needs of the younger generation in the era that continues to change."

"Like my commitment from the beginning, I still lock-up my stock for the next 5 years, because I believe that this trip is not a sprint, but marathon. I personally will start to enjoy the results later, after 2030

About Meri

PT Merry Riana Education Tbk (Meri) is a transformational education company that leads character development,Soft Skills, and the confidence of Indonesian children and adolescents through the three main pillars:

● Learning Center

● Event-based learning

● Digital Learning

Over the past three years, Meri posted an averageAnnual growth of more than 30%, with a proven business modelProfitable and ongoing.

Suspension is not a sanction, but cooling down

The suspension conducted by the IDX against Meri is a practicewhich was also experienced by several other IPO shares that experienced a significant surge, like Coin and CDIA.

Suspension istemporary, aims to give market time to make adjustments and consider information carefully.

The management confirmed thatThere are no fundamental, legal, or operational issuesthat underlies this suspension. Meri continues to run all work programs and expansion according to the plans that have been submitted in the previous public prospectus and exposure.

"For long -term investors, who choose to believe in our vision, who not only see today's numbers - but the future of Indonesian education ... Thank you. Your support is the foundation of our long journey going forward"Close Merry Riana.