SUSTAINABLE PROGRAM OF PT HINO FINANCE INDONESIA IN EDUCATIONAL SECTOR, THROUGH FINANCIAL LITERACY FOR STUDENTS

Jakarta, 9 February 2023 – PT Hino Finance Indonesia (the Company) is once again having collaboration with the Cinta Anak Bangsa Foundation (YCAB) in carrying out financial literacy, particularly among students.

Financial literacy activity is a continuance activity of the Company in support of Government programs and one of the Company’s social responsibilities in the social empowerment of the community related to sustainability programs in the education sector.

An understanding of financial literacy is currently important for people to avoid financial problems. According to the results of the 2022 National Financial Literacy and Inclusion Survey (SNLIK 2022), students' financial literacy remains relatively low, at 46.61% for Junior High School graduates and 52.88% for High School graduates, though some are already above the national average of 49.68%. According to the survey results, financial literacy is very important for students.

The Company conduct financial literacy at the "Learning House" managed by YCAB. This Learning House serves as a community learning center, offering educational programs such as Equivalence Package A (equivalent to Elementary School), Equivalence Package B (equivalent to Middle School), and Equivalence Package C. (equivalent to High School).

The financial literacy activity was presented by Mr. Bonifasius Respatyo, as the Company's Senior Manager Marketing & Product, delivered materials related to the introduction of the Financial Services Industry in Indonesia, the benefits of financial education, an introduction to Financial Technology (FinTech), and basic investment for students.

Furthermore, Mr. Bonifasius explained and advised students to pay close attention to financial platforms that are legal and supervised by the Financial Services Authority (OJK), especially with the rampant cases of illegal online loans that tempt people because of the easy and instant disbursement of money.

The Company hopes that by implementing financial literacy, Indonesians in general, and students in particular, will be able to manage their finances intelligently and wisely, preparing them for a financially healthy society in the future.

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