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 19, 2025, 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, 2024.
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, 2024 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 assessed 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, 2024
The Second Agenda:
Approval of the Company’s Balance Sheet and Income Statement for the year ended December 31, 2024.
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, 2024, which were audited by Public Accounting firm “Purwantono, Sungkoro & Surja” who expressed unmodified opinion as stated in the Report No. 00109/2.1032/AU.1/01/1179-3/1/II/2025 dated February 27, 2025 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, 2024.
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, 2024.
The Fourth Agenda:
Changes of the Company’s Board
In relation to the expiry of the office term of current members of the Board of Commissioners and members of the Board of Directors of the Company at the closing of the AGMS in 2025, the Board of Directors will submit to the AGMS, the proposal and/or the recommendation from the Company’s Nomination and Remuneration Committee to appoint the members of the Board of Commissioners and members of the Board of Directors of the Company, for the terms of office of 3 (three) years starting from the closure of this AGMS until the closure of AGMS of the Company in 2028, as follows :
The Board of Commissioners of the Company
to re-appoint all existing Commissioners of the Company as Commissioners of the Company;
to appoint Mr. Benny Tjoeng as a new Commissioner of the Company; and
to re-appoint Mr. Edy Sugito as Independent Commissioner of the Company and to appoint Ms. Amelia Setiawan as a new Independent Commissioner of the Company.
The Board of Directors of the Company
to appoint Mr. Tan Agustinus Dermawan as President Director of the Company;
to appoint Mr. Rogers Hadikusuma Wirawan as new Director of the Company; and
to re-appoint all existing members of the Board of Directors of the Company, as Directors of the Company.
The curriculum vitae of all current members of the Board of Commissioners and the Board of Directors are available in the Company’s Annual Report, while the curriculum vitae of the candidates of new members of the Board of Commissioners and members of the Board of Directors as below:
Ms. Amelia Setiawan, Indonesian Citizen, born in Bandung, on August 22, 1977.
Currently, Ms. Amelia Setiawan is permanent lecturer at the Faculty of Economics at Parahyangan Catholic University, Bandung and acting as member of Audit Committee PT Indofood Sukses Makmur Tbk., a parent company of PT PP London Sumatra Indonesia Tbk.
Ms. Amelia Setiawan earned her Bachelor’s degree in Accounting from the Faculty of Economics at Parahyangan Catholic University, Bandung in 1999 and Master’s degree of Accounting from the University of Indonesia in 2006 and Doctorate of Economics from Parahyangan Catholic University, Bandung in 2016.
Mr. Rogers Hadikusuma Wirawan, Indonesian Citizen, born in Makassar, on November 3, 1970.
Currently, Mr. Rogers Hadikusuma Wirawan is acting as Head of Internal Audit of Indofood Agri Resources Ltd., and PT Salim Ivomas Pratama Tbk., including its subsidiaries companies.
Mr. Rogers Hadikusuma Wirawan earned his Bachelor’s degree in Accounting from the Faculty of Economics at Trisakti University, Jakarta in 1993.
The Fifth 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, 2025 to December 31, 2025.
The Sixth 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 “Purwantono, Sungkoro & Surja” to audit the Company’s Consolidated Financial Statements for the year ended December 31, 2025 and authorize the Board of Directors of the Company to determine the honorarium and other terms.
