20231222_LPPF_Ringkasan Risalah//Risalah RUPS_31561897_lamp5.pdf

D.   The Presence of Shareholders, and/or Proxy of Shareholders, Board of Commissioners, and/or
     Board of Directors

     1.   The Meeting has been attended by the shareholders of the Company and/or their
          proxies representing 1.754.844.732 shares which was 77,64% of the total shares with the
          valid voting that have been issued by the Company until the date of the Meeting,
          amounting 2,259,292,880 shares, not included treasury shares;

     2.   The Meeting was led and physically attended by the Vice President Commissioner
          Independent of the Company, namely Mr. Roy N. Mandey who acted as the Chairman
          of the Meeting based on the Board of Commissioners’ Resolution dated on November
          15, 2023;

     3.   The Meeting was virtually attended by Mr. Monish Manohar Mansukhani as the President
          Commissioner, Ms. Bianca Cheo Hui Hsin as Independent Commissioner, and Mr. David
          Fernando Audy as Independent Commissioner of the Company;

     4.   Mr. Andy Adhiwana as Commissioner and Mr. Adrian Suherman as Commissioner of the
          Company were unable to attend the Meeting

     5.   The Meeting was attended in-person by Mr. Bunjamin Jonatan Mailool as the President
          Director and Mr. Irwin Abuthan as Independent Director of the Company;

     6.   The Meeting was attended virtually by Mr. Terence Donald O’Connor as Independent
          Vice President Director and Mr. Niraj Jain as the Independent Director of the Company;

     7.   The Meeting was attended in-person by Mr. Irwin Abuthan as the Independent Director
          of the Company;

     8.   Ms. Herni Dian Anggreani as Independent Director and Ms. Rachel Stack as
          Independent Director of the Company were unable to attend the Meeting;

     9.   The Meeting was also attended by the supporting professions, particularly the Notary
          represented by Mrs. Ir. Nanette Cahyanie Handari Adi Warsito SH as attended in-person,
          Law Firm of Hadiputranto, Hadinoto, and Partners, represented by Mr. Iqbal Darmawan
          as attended in-person, and Share Registrar of PT Sharestar Indonesia represented by Mrs.
          Rosnie as attended in-person.


E.   Question and Answer Session
     The shareholders and/or their proxies were given the opportunity to raise questions and/or
     give opinions related to the Meeting Agenda discussed with the mechanism:

     1.   Fill out the question form that has been distributed along with the Meeting Rules,
          including the name and number of shares owned or represented and affix signatures for
          each Shareholder or their legal proxy who attends the Meeting physically.

     2.   Send questions via the chat box feature on the eASY.KSEI application to each
          shareholder or their proxies who attend electronically.




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F.   Mechanism of the Meeting and Decision Making
     1. The Chairman of the Meeting conveyed that the Meeting was conducted in
        accordance with the Meeting rules of conduct which has been informed and presented
        on the screen presentation to all shareholders and their proxies, and can be accessed,
        such as, on the Company’s website by the shareholders or their proxies since the date
        of the invitation to the meeting. The Meeting rules of conduct contain quorum
        attendance, requirements of decision making, procedures for submitting question, and
        voting procedures.

     2.   After the Board of Directors and the Board of Commissioners provided the description
          and explanation, the shareholders and their proxies were given the opportunity to raise
          questions and/or give opinions. If there are no further questions and/or opinions, the
          Meeting will proceed with making decisions on the Company's proposals electronically
          (e-Voting) through the eASY.KSEI application, and for shareholders who are physically
          present are asked to raise their hands when voting "disagree" or "abstain".

     3.   The “abstain” vote is deemed to be the same as the majority vote of the shareholders.


G.   Resolutions of the Meeting
     From the voting result, Meeting has decided the following resolutions:

     Present votes           : 1.754.844.732 shares
     Non-affirmative votes   : 7.115.900 shares
     Abstain votes           : 5.490.500 shares
     Affirmative votes       : 1.742.238.332 saham

     Therefore, The Meeting with the majority votes with the amount of 1.747.728.832 shares equal
     to 99,594 % of the total shares present at the meeting, resolved as follows:
     a. Approve the resignation of Mr. Terence Donald O'Connor as Independent Vice
          President Director of the Company effective on January 1, 2024 and granting full release
          and discharge of responsibility (acquit et de charge) for management actions while
          serving as Independent Vice President Director of the Company, provided that these
          actions are listed in the Company's records and bookkeeping as well as reflected in the
          Company's Annual Report and Consolidated Financial Statements and do not
          constitute criminal acts or violations of applicable laws and regulations.
     b. Approve the honorable dismissal of Mr. Monish Manohar Mansukhani as President
          Commissioner of the Company effective on January 1, 2024 and granting full release
          and discharge of responsibility (acquit et de charge) for supervisory actions while
          serving as the President Commissioner of the Company, provided that these actions are
          listed in the Company's records and bookkeeping as well as reflected in the Company's
          Annual Report and Consolidated Financial Report and do not constitute criminal acts
          or violations of applicable laws and regulations.
     c. Approve the appointment of a new member of the Company's Board of Directors,
          namely Mr. Monish Manohar Mansukhani as Vice President Director of the Company
          based on the recommendation of the Company's Nomination and Remuneration
          Committee, with an effective term of office starting from January 1, 2024 and following
          the remaining term of office of the current Board of Directors of Company, namely until
          the Annual General Meeting of Shareholders for the 2023 financial year which will be
          held in 2024.
     d. Approve the appointment of a member of the Company's Board of Commissioners,
          namely Mr. Andy Adhiwana, as President Commissioner of the Company based on the
          recommendation of the Company's Nomination and Remuneration Committee, with a
          term of office starting from January 1, 2024 and following the remaining term of office


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     of the current Board of Commissioners of the Company, namely until the Annual
     General Meeting of Shareholders for the 2023 financial year which will be held in 2024.
e.   Approve the composition of the members of the Company's Board of Directors and
     Board of Commissioners as of 1 January 2024 until the Annual General Meeting of
     Shareholders for the 2023 financial year which will be held in 2024 as follows:

     Board of Directors
     President Director                           : Bunjamin Jonatan Mailool
     Independent Vice President Director          : Monish Manohar Masukhani
     Independent Director                         : Niraj Jain
     Independent Director                         : Irwin Abuthan
     Independent Director                         : Herni Dian Anggreani
     Independent Director                         : Rachel Fiona Stack

     Board of Commissioners
     President Commissioner                       : Andy Adhiwana
     Independent Vice President Commissioner      : Roy Nicholas Mandey
     Commissioner                                 : Adrian Suherman
     Independent Commissioner                     : Bianca Cheo Hui Hsin
     Independent Commissioner                     : David Fernando Audy

f.   Grant power and authority to the Company's Directors, either individually or collectively
     with the right of substitution, to carry out all necessary actions in connection with the
     decision, including but not limited to stating/inscribing the decision in a deed made
     before a Notary in relation with the changes to the composition of the Company's
     management as required by the applicable laws and regulations, submit a request to
     the authorized party/institution for changes to the Company's data in relation to the
     changes in composition of the Company's management as approved in this Meeting,
     and take all necessary actions according to the applicable laws and regulations
     without any exceptions.



                              Jakarta, December 22, 2022
                           PT Matahari Department Store Tbk
                                   Board of Directors




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