EXPLANATION OF THE AGENDA THE ANNUAL GENERAL MEETING OF SHAREHOLDERS PT PP LONDON SUMATRA INDONESIA Tbk
In connection with the plan of holding the Annual General Meeting of Shareholders ("AGMS") of PT PP London Sumatra Indonesia Tbk (the “Company") which will be held on Thursday, June 22, 2023, the following is explanation of each agenda:
The First Agenda:
Acceptance and approval of the annual report of the Board of Directors on the activities and financial results of the Company for the year ended December 31, 2022.
The Board of Directors of the Company will submit the annual report of the Board of Directors on the activities and financial results of the Company for the year ended December 31, 2022 to seek approval from the AGMS. The annual report of the Company is available in pdf format which can be downloaded from the Company’s website.
Approval of the Company’s Balance Sheet and Income Statement for the year ended December 31, 2022.
The Board of Directors of the Company will propose to the AGMS to accept and to approve the Company’s Financial Statements including Balance Sheet and Income Statement for the year ended December 31, 2022, which were audited by Public Accountant Firm “Purwantono, Sungkoro & Surja” with unmodified opinion as stated in the Report No.00111/2.1032/AU.1/01/1179-1/1/II/2023 dated February 24, 2023, which presented in and as part of the Annual Report of the Company.
The Third Agenda:
Determination of the use of net profit of the Company for the year ended December 31, 2022.
The Board of Directors of the Company will propose to the AGMS the use of net profit of the Company for the year ended December 31, 2022.
The Fourth Agenda:
Determination of the remuneration of all members of the Board of Commissioners and members of the Board of Directors of the Company.
The Board of Directors of the Company will propose to the AGMS the recommendation from the Nomination and Remuneration Committee of the Company for the total remuneration to be paid by the Company to all member of the Board of Commissioners and members of the Board of Directors of the Company from January 1, 2023 to December 31, 2023.
The Fifth Agenda:
Appointment of the Public Accountant of the Company and give the authorization to the Board of Directors to determine the fees and other terms.
The Board of Directors of the Company will submit a proposal from the Board of Commissioners based on the recommendation from the Audit Committee of the Company, which proposes to the AGMS to appoint the Public Accountant which incorporated in the Public Accountant Firm “Purwantono, Sungkoro & Surja”, to audit the Company’s Consolidated Financial Statements for the year ended December 31, 2023 and authorize the Board of Directors of the Company to determine the honorarium and other terms.
