Risk Disclosure

1. Purpose

This Investment & Property Risk Disclosure applies to all website content, listings, market overviews, videos, presentations, brochures, investment briefs, communications, and materials published by or on behalf of PT Tropical Estate Solution and Sumbawa Property Trust.

2. No Investment Advice or Offer

All materials are provided for general informational purposes only.

They do not constitute:

• investment advice;
• financial advice;
• legal or tax advice;
• a recommendation to acquire a specific property;
• a public offer;
• a securities offering;
• an offer of units in a fund, pooled vehicle, club deal, or collective investment structure;
• a guarantee of profit, appreciation, liquidity, exit timing, resale, rental income, financing, development approval, or infrastructure completion.

3. Potential Strategies Are Not Promises

References to resale, subdivision, development, land banking, leasing, hospitality, company structuring, joint ventures, future infrastructure, market activation, airport activity, tourism growth, or other commercial outcomes describe possible strategies or scenarios only.

Each strategy depends on property-specific legal, commercial, financial, technical, environmental, and market conditions.

4. No Guaranteed Return or Liquidity

Land values may rise, remain unchanged, or fall.

No statement about future price, resale value, buyer demand, market liquidity, exit timing, rental income, construction cost, financing, airport operations, roads, utilities, tourism, or infrastructure is guaranteed.

Historic performance or price movements in Bali, Lombok, Sumba, Labuan Bajo, or any other market do not predict future performance in West Sumbawa.

5. Forward-Looking Statements

Any reference to future development, infrastructure, airport operations, government projects, tourism demand, market activation, price movement, or future exit conditions is a forward-looking statement.

Forward-looking statements are inherently uncertain and may be affected by:

• regulatory or policy changes;
• permits and approvals;
• funding availability;
• market demand;
• construction delays;
• weather and natural events;
• economic conditions;
• currency movements;
• government decisions;
• title, access, environmental, or zoning issues;
• factors outside the control of PT Tropical Estate Solution.

6. Property-Specific Risk

Each property is different.

Before committing funds, a prospective buyer must independently verify:

• certificate type and title holder;
• certificate validity and remaining term;
• seller authority;
• boundaries, survey, area, and access;
• zoning and legally permitted use;
• environmental, forestry, coastal, and setback restrictions;
• roads, easements, utilities, and infrastructure;
• taxes, fees, and transaction costs;
• PT PMA, corporate, licensing, and compliance requirements;
• subdivision and development feasibility;
• applicable laws, regulations, permits, and approvals.

7. HGB and PT PMA Risk

HGB through a PT PMA is a corporate land-right structure.

It is not equivalent to direct personal freehold ownership by a foreign individual.

A buyer’s legal and economic position depends on the specific certificate, land status, PT PMA structure, shareholder documents, licences, transaction documents, and Indonesian law applicable at the time.

No HGB extension, renewal, transfer, development approval, financing outcome, or future value is guaranteed.

8. Market Data, Maps, and Marketing Materials

Maps, drone footage, visualisations, concept plans, renderings, comparables, market commentary, historical data, infrastructure references, pricing examples, and development scenarios are illustrative unless expressly incorporated into a signed transaction document.

They may rely on publicly available or third-party information and may change without notice.

No buyer should rely solely on marketing materials when making a purchase or investment decision.

9. Currency and Payment Risk

Foreign-currency references are illustrative only.

Exchange rates may change materially.

The binding price, payment currency, tax treatment, recipient account, and payment process must be stated in the relevant signed transaction documents.

No deposit, purchase price, share-purchase payment, or other transaction amount should be paid until:

• the relevant agreement has been reviewed;
• the recipient is identified in that agreement;
• bank details have been independently verified;
• appropriate independent legal advice has been obtained.

10. Independent Professional Advice

Every buyer should obtain independent advice from qualified professionals, including as appropriate:

• Indonesian legal counsel;
• PPAT or notary;
• tax adviser;
• surveyor;
• zoning or planning adviser;
• environmental adviser;
• financial adviser;
• corporate and immigration adviser.

11. Multi-Investor and Special-Purpose Structures

This website does not itself offer securities, pooled investments, funds, managed accounts, or collective investment products.

Any future transaction involving multiple investors, a special-purpose vehicle, a joint venture, profit sharing, offshore ownership, or cross-border capital must be documented separately and assessed for applicable legal, tax, licensing, anti-money-laundering, sanctions, and marketing requirements before it is offered or implemented.

12. Acknowledgement

By requesting property information, an investment brief, a consultation, or a site visit, you acknowledge that:

• property transactions involve legal, regulatory, financial, and market risks;
• you will conduct independent due diligence;
• you will obtain independent professional advice where appropriate;
• you will not rely solely on website content or marketing materials;
• no return, liquidity, appreciation, resale timing, title outcome, permit outcome, infrastructure completion, or commercial result is guaranteed.