EXPLANATION OF THE AGENDA OF ANNUAL GENERAL MEETING OF SHAREHOLDERS PT PP LONDON SUMATRA INDONESIA Tbk
In connection with the plan of holding the Annual General Meeting of Shareholders (the "AGMS") of PT PP London Sumatra Indonesia Tbk (the “Company") on Thursday, June 25, 2026, 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, 2025.
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, 2025 to seek the approval from AGMS.
The annual report mostly described in the Annual Report prepared by the Board of Directors of the Company as further assesed by the Board of Commisioners of the Company, which is available in pdf format and can be downloaded from the Company’s website.
The Annual Report of the Company also contained the report on the supervision duty of the Board of Commissioners of the Company for the year ended December 31, 2025.
The Second Agenda:
Approval of the Company’s Balance Sheet and Income Statement for the year ended December 31, 2025.
The Board of Directors of the Company will propose to AGMS to accept and to approve the Company’s Financial Statements including Balance Sheet and Income Statement for the year ended December 31, 2025, which were audited by Public Accounting firm “Purwanto Susanti dan Surja” who expressed unmodified opinion as stated in the Report No. 00075/2.1505/AU.1/01/1179-4/1/II/2026 dated February 26, 2026 which presented in and is 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, 2025.
The Board of Directors of the Company will propose to AGMS the use of net profit of the Company for the year ended December 31, 2025.
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 members of the Board of Commissioners and members of the Board of Directors of the Company from January 1, 2026 to December 31, 2026.
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 Public Accountant which incorporated in the Public Accounting Firm “Purwanto Susanti dan Surja” to audit the Company’s Consolidated Financial Statements for the year ended December 31, 2026 and authorize the Board of Directors of the Company to determine the honorarium and other terms.
