ANNOUNCEMENT OF THE SUMMARY OF THE MINUTES OF

THE COMPANY’S ANNUAL GENERAL MEETING OF SHAREHOLDERS

In compliance with the provisions of Article 20 paragraph 4 and 5 of the Articles of Association of the Company, the
Company’s Board of Directors hereby announces the summary of the minutes of the Annual General Meeting of
Shareholders (the “Meeting”), which are as follows:

A. Execution of the Meeting

Date : Thursday, July 28, 2022

Time : 14.18 – 15.13 pm Western Indonesian Time
Venue : Ballroom, 5th Floor
Harris Vertu Hotel Harmoni
Jl. Hayam Wuruk No. 6, Central Jakarta

The agenda of the Meeting:

1. a. Approval of the Annual Report including the ratification of the Company’s Annual Financial Statements
and the Report of the Board of Commissioners Supervisory Duties for the fiscal year ended on
December 31, 2021.
b. Appropriation of the Company’s profit for the fiscal year 2021.

2. Appointment of an Independent Public Accountant to audit the Company’s Annual Financial Statements
for the fiscal year 2022.

3. a. Appointment of the members of the Company's Board of Directors and Board of Commissioners.
b. Determination regarding the duties, powers, salary and other allowance of the members of the
Company's Board of Directors and determination of the honorarium and other allowance of the
members of the Company's Board of Commissioners.

B. Members of the Company’s Board of Directors and Board of Commissioners who were present in the
Meeting:

President Director : Sugeng Rahardjo

Director : Juliani Gozali
Director : Kisyuwono
Director : Hendra Soerijadi
Director : Hui Chee Teck
Director : Ferry Lawrentius Hollen
Director : Tan Yee Sin

Independent President Commissioner : Drs. Sutanto

Commissioner : Gautama Hartarto
Independent Commissioner : Drs. Sunaria Tadjuddin

C. The Meeting was attended and represented by 2.453.039.027 shares or 70,40 % of all shares with valid voting
rights.
D. The Meeting has provided an opportunity for the shareholders to raise questions and/or provide opinions
related to the agenda of the Meeting, however, there are no shareholders or its proxy that raised questions
and/or provide an opinion in relation to the agenda of the Meeting.

E. Decision Making Mechanism of the Meeting:

Resolutions of the Meetings were conducted openly and carried out by way of amicable discussion.
In the event that an amicable agreement was not reached, decision-making was adopted by way of voting.

F. Voting results for every agenda item of the Meeting:

Agenda Approve Not Approve Abstain

1 2.445.829.236 7.100 7.202.691
99,7061% 0,0003 % 0,2936%
2 2.431.829.961 14.006.375 7.202.691
99,1354% 0,5710% 0,2936%
3 2.348.075.847 104.160.880 802.300
95,7211 % 4,2462 % 0,0327%

G. Resolutions of the Meeting:

Agenda Item 1:
The Meeting with a majority vote, with 7.202.691 vote being abstained, resolved:

For point (a) of the Agenda item 1:

1. To approve the Company’s Annual Report for the financial year 2021.
2. To approve the Company’s Financial Statements for the financial year 2021, as audited by Public
Accountant Office of “IMELDA & PARTNERS” with Mr. Muhammad Irfan, Partner, who has been appointed
as the Company’s Independent Public Accountant, per Audit Report No. 00131/2.1265/AU.1/04/0565-
3/1/IV/2022, dated April 1, 2022, with unmodified opinion.
3. To accept the Board of Directors’ Report and approve the Board of Commissioners’ Supervisory Duties
Report for the financial year 2021, as stated in the Company’s Annual Report.
4. With the approval of the Annual Report and the ratification of the Company’s Financial Statements for the
financial year 2021, then in accordance with the provisions Article 17 paragraph 3 of the Company’s Articles
of Association, to give full discharge to the members of the Company’s Board of Directors for their
management duties and to the members of the Company’s Board of Commissioners for their supervisory
duties, performed during the financial year 2021, as long as such duties are stated in the Company’s Annual
Report and Financial Statements for the financial year 2021, excluding fraud, embezzlement, and other
criminal acts.

For point (b) of the Agenda item 1:

To appropriate the Company’s net income for the financial year 2021 as follows:
1. To comply with the provisions of Article 25 paragraph 1 of the Company’s Articles of Association, an amount
of Rp 5.000.000.000,- (five billion Rupiah) will be booked in the Company’s Reserve Fund.
2. The remaining amount will be booked in the Company’s Retained Earnings, which is used for the
Company’s working capital requirements, thus for the financial year 2021, the Company is not to distribute
any dividends to the Company’s shareholders.

Agenda Item 2:
The Meeting with a majority vote, with 7.202.691 votes being abstained, resolved:

To authorize the Company's Board of Commissioners:

1. Based on the recommendation of the Company’s Audit Committee, appoint an Independent Public
Accountant Office to audit the Consolidated Statement of Financial Position, Report of Consolidated Profit
and Loss, and Consolidated Other Comprehensive Income and other sections of the Company’s Financial
Statements for the financial year ended on December 31, 2022; and
2. To determine the honorarium of the Independent Public Accountant Office and other requirements with
respect to its appointment.
Agenda Item 3:
The Meeting with a majority vote, with 802.300 votes being abstained, resolved:

For point (a) of the Agenda item 3:

1. To appoint the Company's members of the Board of Directors and the Board of Commissioners with the term
of office effective as of the closing of the Meeting until the closing of the Company's Annual General Meeting
of Shareholders held in the year 2024, with the following composition:

Board of Directors :
President Director : Sugeng Rahardjo
Vice President Director : Budhi Santoso Tanasaleh
Director : Kisyuwono
Director : Hendra Soerijadi
Director : Hui Chee Teck
Director : Tan Yee Sin
Director : Ferry Lawrentius Hollen
Director : Jahja

Board of Commissioners :
Independent President Commissioner : Drs. Sutanto
Vice President Commissioner : Tan Enk Ee
Commissioner : Lei Huai Chin
Commissioner : Gautama Hartarto
Commissioner : Juliani Gozali
Independent Commissioner : Drs. Sunaria Tadjuddin
Independent Commissioner : Drs. Rasidi, MA

2. To authorize the Company’s Board of Directors with the rights of substitution, to restate in the form of
notarial deed on the decision which has been resolved in agenda item 3 point (a) of the Meeting and
furthermore to apply any notifications to the Ministry of Justice and Human Rights of the Republic of
Indonesia and to register in the company registration and for that purpose to do and perform any and all
matters and actions as may be necessary or appropriate by the prevailing laws and regulations.

For point (b) of the Agenda item 3:

1. In accordance with the provisions of Article 11 paragraph 7 of the Company’s Articles of Association,
delegate authority to the Company's Board of Directors through the Board of Directors Meeting on behalf
of the Company's General Meeting of Shareholders to determine the rules regarding the distribution of
duties and authorities of each member of the Company's Board of Directors.

2. In accordance with the provisions of Article 10 paragraph 3 and Article 13 paragraph 4 of the Articles of
Association of the Company, to approve :
a. to authorize the Meeting of Company's Board of Commissioners to determine the amount of salary and
other allowances for the Company's members of the Board of Directors.
b. to determine the total honorarium and other allowances for the Company's members of the Board of
Commissioners which is the total honorarium and other allowances received by the Company's
members of the Board of Commissioners for the preceding financial year.
c. to authorize the Meeting of Company's Board of Commissioners to determine the distribution of the
honorarium and other allowances to each member of the Company’s Board of Commissioners.

Jakarta, August 1, 2022

The Company's Board of Directors