20230703_ISSP_Ringkasan Risalah//Risalah RUPS_31335878_lamp3.pdf

Chairman of Meeting:
The meeting was chaired by Mr. MAKMUR WIDJAJA, as the President Commissioner
(Independent Commissioner) of the Company.


Shareholders Attendance:
  - The meeting was attended by the shareholders and their proxies representing 6,038,725,280
     shares or 85.47% of 7,065,340,735 shares which are all shares with valid voting rights that
     have been issued by the Company (after deducting the number of shares issued) repurchased
     by the Company).


Submission of Questions and/or Opinions:
  - Shareholders and their proxies are given the opportunity to ask questions and/or opinions for
    each agenda item of the Meeting, but no shareholder and proxies of shareholders have asked
    questions and/or opinions.

Decision Making Mechanism
 - Decision making on all agenda items is carried out based on deliberation to reach consensus,
     in the event that deliberation for consensus is not reached, the decision is made by voting.

Voting Results:
- The first agenda:
    -Number of blank votes (abstained)      : 570,800 votes.
    -Number of disapproving votes           : 275,600 votes.
    -Number of approve votes                : 6,037,878,880 votes.
    -The total of approve votes             : 6,038,449,680 votes, or 99.99%, or more than 2/3
                                              part of the total number of votes legally cast in the
                                              Meeting.

 - Second agenda item:
    -Number of blank votes (abstained)       :   570,800 votes
    -Number of disapproving votes            :   42,191,003 votes
    -Number of approve votes                 :   5,995,963,477 votes.
    -So that the total of approve votes      :   5,996,534,277 votes, or 99,30%, or more than
                                                 3/4 part of the total number of votes legally
                                                 cast in the Meeting.

Meeting Resolutions:

First agenda decision:
    - Approving the amendment to Article 17 paragraph 5 of the Company's Articles of
        Association, in order to align with Peraturan Otoritas Jasa Keuangan (POJK) Number
        14/POJK.04/2022 concerning the Submission of Periodic Financial Reports by Issuers or
        Public Companies, as explained in the Meeting.
    - Granting authority and power to the Board of Directors of the Company and/or Mr. Ibnu
        Susanto, both collectively and independently, with the right of substitution, to undertake
        any and all actions necessary in relation to the aforementioned decision, including but not
        limited to declaring/incorporating the decision in deeds executed before a Notary, to
        amend, adjust, and/or rearrange the provisions of Article 17 paragraph 5 of the Company's
        Articles of Association or Article 17 of the Company's Articles of Association as a whole,
        as required by and in accordance with applicable laws and regulations, further to notify the
        competent authorities of this Meeting's decision and/or the amendments to the Company's
        Articles of Association in this Meeting's decision, and to take any and all necessary actions
        in accordance with applicable laws and regulations.

Second agenda decision:
   - Approved to pledge more than 1/2 (one half) part or all of the Company's assets in the
      context of loan facilities to be obtained by the Company from banks and/or other financial
      institutions, including for the issuance of bonds and/or sukuk in the Capital Market, as well
      as providing authority and power to the Board of Directors of the Company, to take any
      and every necessary action in connection with the decision.


                                         Surabaya, 30 June 2023
                               PT Steel Pipe Industry of Indonesia Tbk
                                       The Board of Directors