20250520_BAUT_Ringkasan Risalah//Risalah RUPS_31887446_lamp2.pdf

E. The Decision-Making Mechanism
   The decision-making mechanism was performed verbally by asking the Shareholders and/or the
   legitimate proxies who attend physically to raise hand to express disagreement or to abstain,
   those who agree with the suggestion were not asked to raise their hand. Shareholders and/or the
   legitimate proxies of Shareholders who attended the Meeting electronically can give their votes
   through E-Meeting Hall in eASY.KSEI application. The abstain votes were considered to give the
   same vote as the majorities.

F. The Meeting Resolutions

    Meeting Resolutions through voting mechanism were as follows:

    First Meeting Agenda

    Attendee         : 3.353.735.100 shares
    Reject           : 272.500 shares
    Abstain          : - shares
    Total Accept     : 3.353.462.600 shares or representing 99,992% of Meeting Attendee.

    Therefore, the Meeting with majority votes shall decide:

    1. To approve and accept the Annual Report of the Board of Directors, the Board of
       Commissioners’ Supervisory Duty Report, and Ratification of the Financial Statement for
       financial year ended on 31 December 2024.
    2. To approve and to ratify the Company's audited Financial Report which has been audited by
       Jamaludin, Ardi, Sukimto, and Partners Public Accounting Firm as stated in the Report No.
       00058/2.0927/AU.1/05/1317-5/1/III/2025 dated 25 March 2025 which declared 'presented
       fairly, in all material aspects', and to give full acquittal and discharge (volledig acquit et de
       charge) to all members of Company's Board of Directors and Board of Commissioners for all
       the managerial and supervisory actions that have been conducted in the Financial Year 2024,
       as long as those actions were not considered as criminal actions or violating applicable legal
       provisions and procedures, as well as reflected in the Company's Financial Report and did not
       conflict with laws and regulations.

   Second Meeting Agenda

    There were no Reject nor Abstain votes, therefore, the Meeting with majority votes shall decide:

    To approve the delegation of authorization to Company’s Board of Commissioners to appoint
    Public Accounting Firm listed in OJK to audit the Company's book for the financial year 2025,
    and grant the authorization to Company’s Board of Commissioners to determine the
    requirements of such Public Accounting Firm who will audit the Company’s Financial Report
    for the year 2025 in accordance with the applicable law, as well as grant the Company’s
    Board of Directors to determine the fee of the Public Accounting Firm and other requirements
    for the Public Accounting Firm aforementioned.

Third Meeting Agenda

Attendee         : 3.353.735.100 shares
Reject           : 310.200 shares
Abstain : - shares
Total Accept     : 3.353.424.900 shares or representing 99,991% of Meeting Attendee.

Therefore, the Meeting with majority votes shall decide:

To authorize the Board of Commissioners of the Company to determine the salary or
honorarium and other allowances of the Board of Directors and Commissioners for
financial year 2025 with considerations of the suggestions and recommendations from
the Nomination and Remuneration Committee, to be further determined by the Board of
Commissioners.

Fourth Meeting Agenda

Report on the use of fund of Series I Warrant Conversion was meant to be solely informed,
therefore, no voting was made in this Agenda Meeting.

Fifth Meeting Agenda

There were no Reject nor Abstain votes, therefore, the Meeting with majority votes shall decide:

1. To approve and ratify the resignation of Mr. Surya Susilo from his position as Commissioner of
   the Company effective as of the closing date of this Meeting, with gratitude for his
   contributions and thoughts during his term of office and granting full release and discharge of
   responsibility (acquit et de charge) for the supervisory actions that have been carried out since
   01 January until 30 May 2025, as long as his actions are reflected in the Company's financial
   statements.
2. To approve to honorably dismiss:
   - Mr. Simon Hendiawan from his position as the Company's President Director; and
   - Mr. Foong Tak Hoy from his position as the Company's Director;
   to be effective as of 31 May 2025 with gratitude for their contributions and thoughts during
   their term of office and granting full release and discharge of responsibility (acquit et de
   charge) for management actions carried out from 01 January to 31 May 2025, as long as they
   are reflected in the Company's financial statements.
3. To approve to appoint:
   - Mr. Foong Tak Hoy as the Company's President Director; and
   - Mr. Simon Hendiawan as the Company's Director;
   for the remaining term of office of the member of the Board of Directors replaced without
   reducing the right of the General Meeting of Shareholders to dismiss at any time.
4. The composition of the members of the Board of Directors and Board of Commissioners of the
   Company as of 01 June 2025 until the closing of the Company's Annual General Meeting of
   Shareholders held in 2026 is as follows:

            Directors
            President Director           Mr. Foong Tak Hoy
            Director                     Mr. Simon Hendiawan

            Board of Comissioners
            President Commissioner       Mrs. Indriani Suhartono
            Independent Comissioner      Mr. Sihol Siagian, SH



        5. To grant the power and authority with the right of substitution to the Company's Board of
           Directors to take all necessary actions in connection with changes to the composition of the
           Company's Board of Directors and Board of Commissioners, without any exceptions in
           accordance with applicable laws and regulations.

The Minutes of this Meeting are contained in Notary Deed No. 25 dated 16 May 2025.

This Summary of Annual General Meeting Of Shareholders is presented to comply with Article 49
paragraph 1 POJK 15/2020.