20250522_APLI_Pemanggilan RUPS_31888330_lamp2.pdf

Explanation of the Annual General Meeting of Shareholders Agendas

The Meeting agendas in number 1 to 4 are meeting agendas routinely discussed in the annual
general meeting of shareholders of Company. This is in accordance with the provision set out
in the Articles of Association of the Company and Law No.40 of 2007 on Limited Liability
Companies .

The Meeting Agenda at number 5 is proposed due to the expiration of the term of office of
the members of the Board of Directors and the Board of Commissioners of the Company.


The Agenda of Extraordinary General Meeting of Shareholders are as follows:

1.    The buy back of Company's issued share in accordance with the Financial Services
      Authority Regulation Number 29 of 2023 concerning the Buy Back of Shares that have
      been issued by Public Companies.

2.    Affirmation on redactional of Article 3 paragraphs 1 and 2 of the Company's Articles of
      Association regarding the separation of main business activities and supporting
      business activities in accordance with Regulation Number IX.J.1 concerning the
      Principles of the Company's Articles of Association that Conduct Public Offerings of
      Equity Securities and Public Companies.

Explanation of the Extraordinary General Meeting of Shareholders Agendas

The Meeting Agenda in number 1 is related to the Company's plan to buy back the Company's
shares as outlined in the Information Disclosure announced on 7 May 2025.

The Meeting Agenda in number 2 is related to the affirmation on redactional of Article 3
paragraphs 1 and 2 of the Company's Articles of Association in order to comply with
Regulation Number IX.J.1 concerning the Principles of the Company's Articles of Association
Conducting Public Offerings of Equity Securities and Public Companies.

Notes:
1. The Company does not provide separate invitation to each of shareholders, and this
   invitation shall be considered as the official invitation. This invitation can also be seen in
   the website of Company (www.asiaplast.co.id) and eASY.KSEI application.
2. Materials concerning the Meeting Agendas are available in the Company’s office as of
   this Invitation date on 22 May 2025 to the Meeting date on 13 June 2025, as informed by
   the Company above.
3. The shareholders who are entitled to attend the Meeting are the shareholders whose name
   are registered in the Company’s Shareholders Registry on 21 May 2025 until 16.00 West
   Indonesia Time.
4. The Shareholders participation in the Meeting can be done by the following mechanisms:
   a. attend the Meeting physically; or
   b. attend the Meeting electronically through eASY.KSEI application.
5. Shareholders who can be directly present electronically as mentioned in point 4 letter b
   are local individual shareholders whose shares are held in the collective depository of
   KSEI.

6. To use eASY.KSEI application, shareholders can access eASY.KSEI menu in the AKSes
    feature (https://akses.ksei.co.id/).
7. Before determining participation in the Meeting, shareholders must read the terms
    submitted through this invitation as well as other terms related to the implementation of
    the Meeting based on the authority established by the Company. Other provisions can be
    seen through the attachment of documents in the Meeting Info feature on the eASY.KSEI
    application and/or the Meeting invitation on the Company's website. The Company
    reserves the right to determine other requirements in connection with the participation of
    shareholders or proxies who will be physically present at the Meeting.
8. Shareholders who will be present at the Meeting physically or shareholders who will
    exercise their voting rights through the eASY.KSEI application, may inform their
    presence or appoint their proxy, and/or cast their votes into the eASY.KSEI application.
9. The deadline to provide declaration of attendance or power attorney and voting in
    eASY.KSEI application is at 12.00 WIB on 1 (one) business day before the Meeting date.
10. Before entering the Meeting room, shareholders or their proxies present at the Meeting
    are physically required to fill out the attendance list by presenting proof of their original
    identity.
11. Shareholders who will attend or electronically appoint proxies for the Meeting through
    eASY.KSEI application, must pay attention to the following:
    a. Registration Process
        i. Local individual shareholders who have not provided their declaration of
             attendance or power of attorney in the eASY.KSEI application up to the deadline
             at point 9 but wish to attend the Meeting electronically are required to register
             their attendance in the eASY.KSEI application on the date of the Meeting until
             the meeting registration period is electronically closed by the Company.
        ii. Local individual shareholders who have provided their declaration of attendance
             but have not submitted their vote on a minimum of 1 (one) of Meeting agendas in
             the eASY.KSEI application before the deadline at point 9 and wish to attend the
             Meeting electronically are required to register their attendance through
             eASY.KSEI application during the date of the Meeting until the registration
             period of the Meeting is electronically closed by the Company.
        iii. For shareholders who have authorized the proxy provided by the Company
             (Independent Representative) or Individual Representative but have not submitted
             their vote on a minimum of 1 (one) of Meeting agendas in the eASY.KSEI
             application before the deadline at point 9, then the proxy representing the
             shareholders must register attendance in the eASY.KSEI application during the
             date of the Meeting until the registration period of the Meeting is electronically
             closed by the Company.
        iv. For shareholders who have authorized the proxy (Custodian Bank or Securities
             Company) and have submitted their vote in the eASY.KSEI application before
             the deadline at point 9, then the representative of the proxy who has registered in
             the eASY.KSEI application must register for attendance in the eASY.KSEI
             application on the date of the Meeting until the registration period of the Meeting
             is electronically closed by the Company.
        v. For shareholders who have submitted their declaration of attendance or
             authorized the proxy provided by the Company (Independent Representative) or
             Individual Representative and have submitted their vote on a minimum of 1 (one)
             of Meeting agendas in the eASY.KSEI application no later than the deadline at
             point 9, then the shareholders or the proxies do not need to register electronically
             in the eASY.KSEI application on the date of the Meeting. Share’s ownership will

        be automatically calculated as an attendance quorum and the votes that has been
        submitted will be automatically calculated in the Meeting votes.
   vi. Delay or failure in the electronic registration process as referred to in numbers i –
        iv for any reason will result in the shareholders or their assigns not being able to
        attend the Meeting electronically, and their shareholdings not being counted as a
        quorum of attendance in the Meeting.
b. Electronic Questions and/or Opinions Submission Process
   i. Shareholder or its proxy shall have 3 (three) opportunities to present questions
        and/or opinions in discussion session for each Meeting agenda. Questions and/or
        opinions for each agenda of the Meeting may be submitted in writing by the
        shareholders or proxies by using the chat feature in the 'Electronic Opinions'
        column available in the E-meeting Hall screen of the eASY.KSEI application.
        Questions and/or opinions can be given as long as the status of the Meeting’s
        status in the column 'General Meeting Flow Text' is written as "Discussion
        started for agenda item no. []"
   ii. The mechanism of discussion for each Meeting agenda in writing through the E-
        meeting Hall screen in the eASY.KSEI application is determined by the
        Company and it will be stated by the Company in the rules of Meeting through
        eASY.KSEI application.
   iii. The proxy who electronically attend the Meeting and submit questions and/or
        opinions of its beneficiary during the discussion session for each agenda of the
        Meeting, is required to write down the name of the shareholder and the amount of
        shareholding and then followed by related questions or opinions.
c. Voting Process
   i. Electronic voting process is made in eASY.KSEI application on E-meeting Hall
        menu, Live Broadcasting sub menu.
   ii. Shareholders who present themselves or represented by their proxies but have not
        submitted their votes on the agenda of the Meeting as referred to in point 11 letter
        a number i – iii, have the opportunity to submit their votes during the voting
        period through the E-meeting Hall screen in the eASY.KSEI application opened
        by the Company. During the electronic voting time for each meeting agenda
        begins, the system automatically executes the voting time by counting down for
        the maximum of 5 (five) minutes. During the electronic voting process, it will be
        seen the status "Voting for agenda item no [ ] has started" in the column of
        'General Meeting Flow Text'. If the shareholders or their proxies do not vote for a
        particular Meeting agenda until the status of the Meeting implementation seen in
        the 'General Meeting Flow Text' column changes to "Voting for agenda item no [
        ] has ended", it will be considered to give an abstain vote for the relevant
        Meeting agenda.
   iii. Voting time during electronic voting process is the standard time set on
        eASY.KSEI application. The Company may establish an electronic direct voting
        time policy per agenda in the Meeting (with a maximum time of 5 (five) minutes
        per Meeting agenda) and will be set forth in the rules of Meeting through the
        eASY.KSEI application.
d. The Live Broadcast of the Meeting
   i. Shareholders or their proxies who have been registered in the eASY.KSEI no
        later than the deadline in point 9 can watch the Meeting live via Zoom in webinar
        format by accessing the eASY.KSEI menu (Tayangan RUPS sub-menu) in the
        AKSes facility (https://akses.ksei.co.id).

ii. Tayangan RUPS has a capacity of up to 500 participants whereby the attendance
     of each participant will be determined based on the first come first serve basis.
     Shareholders or their proxies who do not get the opportunity to watch the
     Meeting’s broadcast are still considered to have electronically attended the
     Meeting and their share ownerships and votes are still counted, as long as they
     have registered through the eASY.KSEI, as specified above in item 11 letter a
     number i- v.
iii. Shareholders or their proxies who only watch the meeting through Tayangan
     RUPS but are not electronically registered as participants in the eASY.KSEI
     application in accordance with the provisions in point 11 letter a number i – v,
     will not be counted as part of the Meeting’s quorum.
iv. Shareholders or their proxies who watch the Meeting through Tayangan RUPS
     can use the raise hand feature that can be used to submit questions and/or
     opinions during the discussion session for each agenda of the Meeting. If the
     Company has allowed by enabling the allow to talk feature, then the shareholders
     or their proxies can ask questions and/or opinions by speaking directly. The
     mechanisms for discussion on each of agenda of the Meeting using the allow to
     talk feature in Tayangan RUPS are determined by the Company and it will be
     stated by the Company in the rules of the Meeting through the application of
     eASY.KSEI.
v. For the best experience in using eASY.KSEI application and/or Tayangan RUPS,
     shareholders or their proxies are advised to use Mozilla Firefox browser.

                          Tangerang, 22 May 2025
                        PT Asiaplast Industries Tbk
                             Board of Directors