Rebuttal to the Press Releases – Published by Kinnara

Bali Lawyers Challenge Adrian Campbell Federal Court Strategy Over Marina Bay City Dispute

A legal letter issued by Indonesian law firm Bali Legal Partnership has escalated the already bitter dispute surrounding the Marina Bay City project, with lawyers acting for Jamie McIntyre arguing that any Australian Federal Court proceedings initiated by Adrian Campbell should be challenged on jurisdictional and procedural grounds.

The May 21, 2026 correspondence, addressed to Australian firm Marino Law, states that Jamie McIntyre “does not accept nor submit to the jurisdiction of the Australian Federal Court” in proceedings allegedly commenced by Adrian Campbell.

According to the letter, the dispute stems from the management and operation of Indonesian foreign investment companies connected to the Marina Bay City development, including PT Marina Bay Investments (MBI) and PT Bali Real Estate Investments (BRIE). The lawyers state that both Campbell and McIntyre hold indirect interests in MBI and that disputes over the handling of company funds are “currently under investigation by the Australian Federal Police” following complaints allegedly initiated by McIntyre.

The Indonesian legal team further claims that Adrian Campbell has previously threatened defamation proceedings against Australian investors and others connected to the project who made fraud complaints or challenged his conduct.

Indonesia, Not Australia, Is the Proper Forum

The letter argues that Australia is an inappropriate jurisdiction for the dispute because:

* Jamie McIntyre is a lawful temporary resident of Indonesia.
* Adrian Campbell is alleged to reside in Thailand.
* The dispute relates entirely to Indonesian property development activities.
* Similar proceedings have already been commenced in Indonesia.

Lawyers for McIntyre point specifically to an Indonesian civil proceeding already underway in the Denpasar District Court, identified as case number 469/Pdt.G/2026/PN.Dps. They argue that launching parallel proceedings in Australia over the same issues constitutes “an abuse of process.”

Serious Allegations Raised

The letter also outlines a series of allegations against Adrian Campbell and entities allegedly connected to him. These allegations have not been proven in court and remain disputed.

Among the allegations listed are claims of:

* interference with contractual relations involving MBI and BRIE,
* failure to account for investor funds,
* misrepresentation of the resources and experience of “Kinnara Asia,”
* filing false complaints in Indonesia,
* trespass,
* fraud,
* and participation in a broader civil conspiracy involving former directors and third parties connected to the companies.

The Indonesian lawyers further allege that the conduct described resulted in substantial financial losses, missing funds, and the alleged unlawful disclosure of confidential company information.

Service and Security for Costs

Bali Legal Partnership also argues that no proper attempt has been made to serve Australian court documents in accordance with Indonesian legal requirements.

The letter warns that if proceedings continue in Australia, McIntyre intends to seek to have them struck out on grounds including improper service, abuse of process, and forum inconvenience.

In addition, the lawyers state they would seek security for legal costs from Campbell as a non-resident plaintiff should the matter proceed.

The correspondence concludes by requesting that the letter be placed before the court and brought to the attention of the presiding judge.

Jamie McIntyre’s Attorney Denies Client’s Fraud Allegations, Complainant’s Power of Attorney Does Not Meet Indonesian Legal Requirements

Press Release

Lux Projects Bali Acquires 100% Stake in Marina Bay City, Lombok

Lux Projects Bali Acquires 100% Stake in Marina Bay City, Lombok

Lombok, Indonesia — November 4th, 2025

Lux Projects Bali has officially announced the acquisition of the remaining 50% stake in Marina Bay Investments, from its former partner Kinarra, an Asian real estate platform, for an undisclosed sum. The acquisition gives Lux Projects Bali full ownership and control of the coastal development and positions it for a major new phase of growth and community-driven transformation.

A New Vision for Marina Bay City
Following the change in ownership, the newly appointed management has already assumed control and initiated a comprehensive master plan revision. The updated vision for Marina Bay City represents a shift away from the original high-rise style city model toward a more eco-sustainable mini-city featuring interconnected village-style communities. The decision follows extensive community and environmental feedback, emphasizing the importance of preserving the island’s natural beauty and ensuring tha t growth aligns with Lombok’s culture and environment. “Our vision is to create Indonesia’s first properly planned city that works hand-in-hand with nature,” said a spokesperson for Lux Projects Bali. “People are drawn to Marina Bay City because of its pristine beaches and peaceful surroundings — and it’s essential we protect that as the foundation of the community’s future.”

Sustainability and Community at the Core
The redesigned plan includes significant environmental and social commitments, including: A minimum of 60% local employment, ensuring direct economic benefits to the surrounding community. An emphasis on low-impact architecture, renewable energy systems, and green infrastructure. More residential housing options, catering not only to investors and tourists but also to expats and locals seeking long-term living solutions. With rising unaffordability in Western countries such as Australia, Europe, and the United States, Marina Bay City aims to become an attractive relocation hub for digital nomads, retirees, and entrepreneurs seeking a higher quality of life in a natural coastal setting.

Positioned as an Affordable Global Destination
With the rising unaffordability of nearby cities such as Singapore, Perth (Australia), and Dubai—where many expats have recently relocated—Marina Bay City seeks to position itself as a more affordable, yet equally world-class alternative. Set along stunning white-sand beaches, the development offers a lifestyle that blends natural beauty, cutting-edge infrastructure, and abundant opportunity. The city aims to become a global magnet for digital nomads, fintech innovators, medical tourism, and startup founders looking for a destination that combines affordability with lifestyle excellence. “If you wish to live surrounded by beauty, with opportunity and community, Marina Bay City is that place,” the spokesperson said. “We’re building not just a city, but a destination where people from around the world can live, work, and thrive.”

Lux Projects Bali Shifts Focus to Lombok
Lux Projects Bali (www.luxprojectsbali.com) stated that it will not take on any additional projects in Bali, with its three current developments — including a 100 Villa Resort, a separate Hotel Project under one of its brands, Hotel K in Seminyak, and a Wellness Retreat in Tabanan — all scheduled for completion by the last quarter of 2026. The company confirmed that its focus will now shift toward accelerating construction at Marina Bay City, which is already underway. The initial phase, including the resort, villas, and water sports facilities, is expected to open to tourists as early as March 2027. As part of its promotional initiatives, the company is currently offering $15,000 Deposit Grants for buyers investing in Marina Bay City, as well as $500 accommodation credits for visitors who stay in the city in 2027 — a strategy designed to both reward early supporters and attract global interest in the new coastal destination.

Major Infrastructure Additions Planned
The long-term master plan for Marina Bay City also includes: A world-class convention centre to host regional and international events. A sports stadium and athletic complex to support both community recreation and national-level competitions. A comprehensive sports centre and beachfront wellness facilities, promoting health, fitness, and lifestyle tourism. These developments will serve both the local community and the growing international population expected to settle in Lombok over the next decade.

A City Built for the Future
Lux Projects Bali envisions Marina Bay City as a model for sustainable urban development in Indonesia, one that addresses modern challenges such as pollution, congestion, and urban sprawl while promoting self-sufficient, eco-friendly growth. “We’re very excited about the future for Marina Bay City,” the spokesperson added. “This is a city built for balance — between nature and progress, between global opportunity and local culture. Lombok’s future deserves nothing less.”

For more information, visit www.marinabay.city

Kinnara.Asia Finalises Strategic Sale of Its Stake in Marina Bay Investments to Lux Property Developments

Lombok, Indonesia — November 5, 2025

Kinnara.Asia today announced the completion of a strategic transaction involving the sale of its shareholding in Marina Bay Investments, a joint venture previously formed with Lux Projects Bali, led by Australian businessman Jaime McIntyre.

The sale marks the successful conclusion of Kinnara’s objectives within the partnership and represents a natural evolution in the project’s progression under Lux’s full control.

Successful Collaboration Reaches Its Next Phase

Through Marina Bay Investments, Kinnara.Asia and Lux Projects Bali worked closely to establish a pioneering coastal development framework in Lombok. The collaboration brought together Kinnara’s international brand and marketing expertise with Lux’s development and delivery capabilities.

“Kinnara’s focus was to establish and globally position the joint venture’s projects as world-class investment and lifestyle opportunities,” said Adrian Campbell, Chief Executive Officer of Kinnara Capital. “That mission has been achieved, and this transition reflects a natural next phase as Lux Property Developments continues to advance the project’s delivery and long-term vision.”

Lux Property Developments will now assume full ownership of Marina Bay Investments and continue its ongoing project roll out in Indonesia, building upon the foundation of brand creation, design, and international investor engagement initiated through the partnership.

“Adrian Campbell and the Kinnara team have been exceptional collaborators,” said Jaime McIntyre, Director of Lux Property Developments. “Their marketing reach and strategic insight were instrumental in establishing a globally recognised coastal investment opportunity. We appreciatetheir professionalism and contribution in bringing this partnership to a successful conclusion.”


Kinnara’s Continued Focus on Regional Development

While this transaction concludes Kinnara.Asia’s involvement in Marina Bay Investments, the company continues to advance its broader development interests across Lombok and Indonesia through its development arm, Kinnara.Capital. New ventures are currently being finalised that align with Kinnara’s long-term vision for sustainable, community-driven investment destinations.

Kinnara’s leadership also continues to champion stronger ties between Indonesia and Australia. Recently, Julie Noorman, Chief Operating Officer of Kinnara.Asia, presented at the Indonesia– Australia Investment Forum 2025 in Canberra, addressing an audience that included Indonesia’s Ambassador to Australia, His Excellency Dr. Siswo Pramono, as well as senior Australian ministers and officials.

Her address highlighted the growing collaboration between the two nations in sustainable tourism, cross-border investment, and community-led development.


Empowering Communities Through the Kinnara Foundation

Beyond its development activities, Kinnara.Asia remains committed to positive social impact through the Kinnara Foundation, which supports education, skills training, micro to small enterprises growth, and village infrastructure initiatives across Lombok and wider Indonesia.

“Our goal has always been to create long-term value — not just for investors, but for the communities we build alongside,” said Ms. Noorman. “The Kinnara Foundation ensures that every project contributes to generational opportunity and social progress.”

About Kinnara.Asia

Kinnara.Asia is a diversified real estate, technology, and development group headquartered in Hong
Kong, operating throughout the Asia–Pacific region. Its flagship platform, Kinnara.Asia, is one of the
region’s leading property marketing and listing networks, connecting developers, agents, and
investors globally. Through its development arm, Kinnara Capital, the company partners with
investors to deliver sustainable resort and residential projects, while the Kinnara Foundation focuses
on education, livelihoods, and community resilience across Indonesia.


About Lux Property Developments

Lux Property Developments is an international property company specialising in sustainable resort,
residential, and hospitality projects across Indonesia. The company, led by Jaime McIntyre,
continues to expand its portfolio of high-end projects throughout the region, maintaining a
commitment to design excellence, community partnership, and long-term value creation.

SEE HERE OFFICIAL PRESS RELEASE

Property Investment Disclaimer

The information provided in relation to any property, development, or investment opportunity is for general informational and educational purposes only and does not constitute financial, investment, legal, or tax advice.

This material does not take into account your personal objectives, financial situation, or needs, and should not be relied upon as a recommendation or statement of opinion intended to influence a decision to invest in any property or related financial product.

All projections, forecasts, rental yields, capital growth estimates, and returns are indicative only and are based on assumptions that may change without notice. Actual results may vary and are not guaranteed.

Prospective investors should conduct their own independent due diligence, including but not limited to legal, financial, taxation, and commercial assessments of the property and associated structures.

You should seek advice from a licensed financial adviser, qualified accountant, and legal professional before making any investment decision.

While reasonable care has been taken in preparing this material, no representation or warranty is made as to its accuracy, completeness, or suitability. To the maximum extent permitted by law, no liability is accepted for any loss or damage arising from reliance on this information.

Past performance is not a reliable indicator of future performance.