20230925_CNTX_Ringkasan Risalah//Risalah RUPS_31422680_lamp3.pdf

Third agenda item:

With reasons to avoid the possibility of the Company shall hold a General Meeting of
Shareholders to designate a firm of public accountant who differ from firm of public
accountants who have been directly designated in the AGM, which is caused by
changes in the firm of public accountants for unforseen reason, the Board of
Commissioners of the Company was authorized by the AGM:

IG

to designate a Firm of Public Accountants who is registered with the Financial
Services Authority (OJK) to audit the books of the Company ending on 31 March
2024, provided that such firm of public accountants must be independent and
having a good reputation, and

to determine the honorarium of such Firm of Public Accountants and other terms of
their designation.

Fourth agenda item:

1.

It was approved to re-appoint:

- Mr. Toshiyuki Takahashi as the President Director of the Company:

- Mr. Muljadi Budiman as the Vice President Director of the Company:

- Mr. Tomoaki Nakajima as a Director of the Company,

- Mr. Teh Hock Soon as a Director of the Company,

- Mr. Suhardi Budiman as the President Commissioner of the Company:

- Mr. Kazuhiko Shiomura as a Commissioner of the Company, and

- Mr. Satryo Soemantri Brodjonegoro as the Independent Commissioner of the
Company,

-all for the term of offices effective as of the closing of the AGM.

It was approved to appoint Mr. Masamitsu Kamada as a Director of the Company,

effective as of the closing of the AGM.

It was confirmed that the compositions of the Board of Directors and the Board of

Commissioners of the Company for the term of offices effective as of the closing of

the AGM until the closing of the fourth subseguent Annual General Meeting of

Shareholders of the Company following the AGM are as follows:

Board of Directors:

-President Director : Mr. Toshiyuki Takahashi,
-Vice President Director : Mr. Muljadi Budiman,
-Director : Mr. Tomoaki Nakajima,
-Director : Mr. Teh Hock Soon: and
-Director : Mr. Masamitsu Kamada,
Board of Commissioners:

-President Commissioner — : Mr. Suhardi Budiman,
-Commissioner : Mr. Kazuhiko Shiomura: and

-Independent Commissioner : Mr. Satryo Soemantri Brodjonegoro,

-provided that a General Meeting of Shareholders of the Company is entitled to
discharge each member of the Board of Directors and/or the Board of
Commissioners of the Company at anytime for any reasons in accordance with the
prevailing rules and regulations.

In connection with the composition of the Board of Directors and the Board of
Commissioners of the Company referred to above, power of attorney was conferred
on the Board of Directors of the Company and/or Mr. Wawan Sunaryawan, SH,
either jointly as well as individually to state part or all resolutions adopted in the
fourth agenda of the AGM in the Indonesian and/or English language in a notarial
deed in front of a Notary and to notify such compositions of the Board of Directors
and the Board of Commissioners of the Company as resolved in the fourth agenda

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of the AGM to the Minister of Laws and Human Rights of the Republic of
Indonesia and to make any amendments and/or additions to such notarial deed, if
reguired by the competent authorities and to perform any and all other actions
necessary for the said purposes.

-This power of attorney is granted with the following provisions:
a. this power is granted with the right to delegate this power to other party,
b. this power shall be effective as of the closing of the AGM, and

Cc. the AGM agrees to ratify all acts performed by the attorney by virtue of this
power of attorney.

Fifth agenda item:

1.

The Board of Commissioners of the Company was authorized to determine the
salaries and allowances for the members of the Board of Directors of the Company
for the accounting year ending on 31 March 2024.

It was determined that the remuneration for the members of the Board of
Commissioners of the Company in the aggregate amount of Rp12,000,000.00
(twelve million Rupiah) gross per annum, effective as of 1 April 2023 and the
Board of Commissioners of the Company was authorized to determine the
allocation thereof.

EGM

Subject to the approval of the Minister of Law and Human Rights of the Republic
of Indonesia (“MOL”), the removal of yarn spinning business activities in the
provisions concerning the Purposes and Objectives and Business Activities of the
Company was approved, and therefore Article 3 of the Company's Articles of
Association is amended, which in its entirety then becomes as follows:
Objectives and Purposes and Business Activities
Article 3

3.1. The objectives and purposes of the Company are to be engaged in the field of
industries weaving and cloth refinement.

3.2. To achieve the abovementioned objectives and purposes, the Company may
perform the following business activities:

(a) to engage in the industry of weaving thread into cloth using a loom or
other loom (Indonesian Standard Classification of Business Fields:
13121),

(b) to engage in the industry of clothes refinement, including bleaching,
dyeing and other finishing of cloth (Indonesian Standard Classification of
Business Field: 13132), and

(c) to market and sell the products referred to in letters (a) and (b) above,
both domestic and export.

Power of attorney was conferred on the Board of Directors of the Company or
Mr. Wawan Sunaryawan, SH to state the amendments to the provisions of the
Company's Articles of Association as resolved in item 1 above, to make any
amendments and or additions as deemed necessary by the Board of Directors, and
to restate other provisions in the Company's Articles of Association which are not
amended in a deed in front of a notary and to do all reguired actions for the purpose
of application for obtaining approval on the amendments to Article 3 of the
Company's Articles of Association to MOL and to make any amendments and or
additions thereto, if reguired by the competent authorities.

-This power of attorney is granted with the following conditions:
1. this power is granted with the right to delegate this power to other persons,
2. this power shall be effective as of the closing of the EGMj and

3. the EGM agrees to ratify all acts performed by the attorney by virtue of thi
power of attorney.

Thus, this statement is made to be used properly.