PT Formosa Ingredient Factory Tbk is an Indonesia-based company. The Company is engaged in the production of tapioca pearl products, jelly topping, premium jams, brown sugar syrup and waffle premix powder. Under the Boba King brand, the Company sells a variety of product. The Company’s tapioca pearls, jelly topping, popping boba, premium sauce, syrup, and premix powder are all products sold under the Boba King brand. The Company distributes throughout Indonesia, through restaurants, local coffee shops and international chains stores, premium modern market, and retail. The Company is also focused on export markets in Asia, including Japan, the Philippines, Hong Kong, Malaysia, Vietnam, and South Korea.