20230703_ISSP_Ringkasan Risalah//Risalah RUPS_31335864_lamp2.pdf

The Attendance of the Members of the Board of Directors and Board of Commissioners:
Members of the Board of Directors present at the Meeting::
President Director                : Mr. IBNU SUSANTO
Deputy President Director         : Mr. TEDJA SUKMANA HUDIANTO *)
Director                          : Mr THE, HANNY PURNOMO *)
Members of the Board of Commissioners present at the Meeting:
President Commissioner
(Independent Commissioner) : Mr. MAKMUR WIDJAJA;
Independent Commissioner          : Mr. BING HARTONO POERNOMOSIDI *)
*) participate in the meeting through the KSEI Zoom Webinar application


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 6,037,175,280
     shares or 85.45% 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.

Voting Results:
- The first agenda:
    -Number of blank votes (abstained)      : 6,903,054 votes.
    -Number of disapproving votes           : -- votes.
    -Number of approve votes                : 6,030,272,226 votes.
    -The total of approve votes             : 6,037,175,280 votes, or 100%, or more than 1/2
                                              part of the total number of votes legally cast in the
                                              Meeting.

 - Second agenda item:
    -Number of blank votes (abstained)       :   200,800 votes
    -Number of disapproving votes            :   -- votes
    -Number of approve votes                 :   6,036,974,480 votes.

    -So that the total of approve votes       :   6,037,175,280 votes, or 100%, or more than
                                                  1/2 part of the total number of votes legally
                                                  cast in the Meeting.

 - Third agenda item:
    -Number of blank votes (abstained)        :   159,231,600 votes.
    -Number of disapproving votes             :   4,880,783 votes.
    -Number of approve votes                  :   5,873,062,897 votes.
    -So that the total of approve votes       :   6,032,294,497 votes, or 99.92%, or more than
                                                  1/2 part of the total number of votes legally
                                                  cast in the Meeting.

 - Fourth agenda item:
    -Number of blank votes (abstained)        :   159,231,600 votes.
    -Number of disapproving votes             :   5,621,883 votes.
    -Number of approve votes                  :   5,872,321,797 votes.
    -So that the total of approve votes       :   6,031,553,397 votes, or 99,91%, or more than
                                                  1/2 part of the total number of votes legally
                                                  cast in the Meeting.

 - Fifth agenda item:
    -Number of blank votes (abstained)        :   205,400 votes.
    -Number of disapproving votes             :   --votes.
    -Number of approve votes                  :   6,036,969,880 votes.
    -So that the total of approve votes       :   6,037,175,280 votes, or 100%, or more than
                                                  1/2 part of the total number of votes legally
                                                  cast in the Meeting..

 - Sixth agenda item:
    -Number of blank votes (abstained)        :   179,163,600 votes.
    -Number of disapproving votes             :   -- votes.
    -Number of approve votes                  :   5,858,011,680 votes
    -So that the total of approve votes       :   6,037,175,280 votes, or 100%, or more than
                                                  1/2 part of the total number of votes legally
                                                  cast in the Meeting

Meeting Resolutions:

First agenda decision:
  - Approved and ratified the Company's Annual Report for the 2022 financial year including
       the Company's Activity Report, the Supervisory Report of the Board of Commissioners and
       the 2022 Financial Report, as well as providing full settlement and discharge of
       responsibilities (acquit et de charge) to the Board of Directors and the Board of
       Commissioners of the Company for the management and supervisory actions they carried
       out in the 2022 financial year as long as these actions are reflected in the Annual Report.

Second agenda decision:
  - Approved the use of the Company's net profit for the 2022 financial year, as follows:
     a. in the amount of Rp6.00 per share, distributed as cash dividends to the shareholders of
        the Company, with due observance of the applicable tax regulations;
     b. in the amount of Rp.10,000,000,000.00 (ten billion Rupiah) set aside and recorded as a
        reserve fund;
     c. the remainder is entered and recorded as retained earnings, to increase the working
        capital of the Company.

Third agenda decision:
 - Granted authority and power to the Board of Commissioners of the Company, to appoint a
      Public Accountant and/or Public Accountant Firm, with independent criteria and registered
      with the Financial Services Authority, which will audit the Company's financial statements
      for the financial year 2023, because it is being considered and evaluated for appointment
      Further Public Accountants and/or Public Accounting Firms, as well as to determine the
      honorarium of the said Public Accountants and/or Public Accounting Firms, and to
      determine the conditions relating to the appointment and dismissal of the said Public
      Accountants and/or Public Accounting Firms, as well as the appointment of a replacement
      Public Accountant. in the event that there is a replacement of the Public Accountant
      concerned.

Fourth agenda decision:
   a. Determine remuneration along with other facilities and allowances for members of the
       Company's Board of Commissioners as a whole for the fiscal year 2023, a maximum of the
       same as the fiscal year 2022, or with an increase not exceeding 10% from the financial year
       2022, and authorize the President Commissioner to determine the allocation, by taking into
       account the recommendations of the Remuneration Committee.
   b. Granting authority to the Company's Board of Commissioners to determine remuneration
       along with other facilities and benefits for members of the Company's Board of Directors,
       taking into account the recommendations of the Remuneration Committee.

Fifth agenda decision:

   a. Determine the composition of the members of the Company's Board of Directors and Board
      of Commissioners as of the closing of this Meeting until the closing of the Company's
      Annual General Meeting of Shareholders in 2027, as follows:

       Board of Commissioners:
        President    Commissioner :       Mr. MAKMUR WIDJAJA
        (Independent
        Commissioner)

        Commissioner                  :   Mrs. ENDANG FIFI SUSANTO
        Independent Commissioner      :   Mr. BING HARTONO PURNOMOSIDI
        Independent Commissioner      :   Mrs. WELLY TANTONO

   b. Granting authority and power to the Board of Directors of the Company and/or Mr. IBNU
      SUSANTO, both collectively and individually, with the right of substitution, to
      express/declare the decision regarding the composition of the members of the Board of
      Directors and the Board of Commissioners of the Company in a deed made before a Notary,
      and to subsequently notify the competent authorities, and carry out all and any necessary
      actions in connection with the decision in accordance with the applicable laws and
      regulations.

Sixth agenda decision:
    - Received reports on the realization of the use of proceeds from the Public Offering of
       Spindo Phase I Shelf-Registered Bonds II 2022 and Spindo's Shelf-Registered Sukuk Ijarah
       I Phase II Year 2022, which have been fully used.

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