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                                                                                CONTINUOUSLY INNOVATING, PERSISTENTLY STRIVING

                                                                                                                                 TOWARDS
                                                                               THE APEX OF THE TIRE INDUSTRY
                                                                        Dengan langkah yang pasti, PT King Tire Indonesia Tbk terus berkem-        With determined steps, PT King Tire Indonesia Tbk has continued to
                                                                        bang sejak didirikan, menghadapi setiap tantangan sebagai peluang          grow since its establishment, facing every challenge as an opportunity to
                                                                        untuk meraih kesuksesan tertinggi. Tema Laporan Tahunan kami,              achieve the highest success. The theme of our Annual Report, “Welcoming
                                                                        “Menyongsong Masa Depan Gemilang”, adalah cerminan semangat                a Bright Future,” is a reflection of the progressive spirit in leading the com-
                                                                        progresif dalam membawa perusahaan menuju puncak kejayaan.                 pany towards the pinnacle of glory.



                                                                        Lebih dari sekadar pemain, King Tire hadir sebagai pengukir sejarah        As a significant contributor, King Tire stands as a history maker in the In-
                                                                        di industri ban Indonesia. Visi untuk menjadi yang terbaik kami ter-       donesian tire industry. Our vision to be the best is translated into the real-
                                                                        jemahkan dalam realita Kingland, kompleks produksi terbesar dan            ity of Kingland, the largest and most comprehensive production complex
                                                                        terlengkap di tanah air. Sejak 1977, dedikasi pada keunggulan dan          in the country. Since 1977, our dedication to excellence and innovation
                                                                        inovasi telah menjadikan King Tire pelopor, dengan komitmen meng-          has made King Tire a pioneer, with a commitment to delivering high-qual-
                                                                        hadirkan produk berkualitas tinggi demi kepuasan pelanggan.                ity products for customer satisfaction.



                                                                        Tahun 2006 menjadi titik balik transformasi dengan hadirnya pabrik         In 2006, a new phase of transformation began with the construction of
                                                                        mutakhir seluas lebih dari 30 hektar di Serang, Banten. Langkah            a state-of-the-art factory covering an area of ​​more than 300,000 m2 in
                                                                        strategis ini disertai dengan investasi besar dalam mesin produksi         Serang, Banten. The large investment in the latest production machinery
                                                                        tercanggih sebagai bukti kesungguhan kami dalam menyajikan pro-            is proof of our commitment to delivering superior products to customers.
                                                                        duk-produk terbaik kepada konsumen. Momentum inovasi berlanjut             In 2008, a new era in motorcycle tire manufacturing began with the op-
                                                                        di tahun 2008 dengan dimulainya operasional pabrik ban motor kami,         eration of our factory.
                                                                        menandai era baru dalam produksi.



                                                                                                                                                   Being one of the players in the ever-growing tire industry, we are con-
                                                                        Dalam geliat industri ban yang terus maju, King Tire tak pernah ber-       stantly looking for revolutionary breakthroughs. In 2013, we introduced
                                                                        henti mengejar inovasi revolusioner. Tahun 2013 menjadi saksi lahirn-      Pneumatic Motorcycle Tires with Radial Tire technology, an extraordinary
                                                                        ya Ban Motor Pneumatik dengan teknologi Radial, sebuah terobosan           step in performance and reliability. Crafted with a perfect blend of ad-
                                                                        yang meningkatkan performa dan keandalan ke level yang lebih ting-         vanced engineering and revolutionary formula, this product has set new
                                                                        gi. Diciptakan melalui sinergi teknik canggih dan formula inovatif, pro-   standards in the industry.
                                                                        duk ini telah menciptakan tolok ukur baru di industri.



                                                                        Lembaran baru terbuka lebar, siap kami arungi dengan langkah               A new era stretches out before us, ready to be transformed with bold
                                                                        penuh keyakinan. Pencatatan saham perdana (IPO) di Bursa Efek In-          steps. The listing of the Initial Public Offering (IPO) on the Indonesia Stock
                                                                        donesia (BEI) menjadi babak penting yang membawa King Tire Indo-           Exchange (BEI) is a historical milestone that has brought King Tire Indone-
                                                                        nesia Tbk menuju kancah global. Kini, dengan reputasi inovasi dan          sia Tbk to the global stage. Today, we are not only a trusted leader in the
                                                                        keunggulan yang solid, kami tak hanya menjadi pemimpin terpercaya          domestic realm, but are also ready to explore international horizons with
                                                                        di Indonesia, namun juga siap merambah pasar internasional.                an unshakable reputation for innovation and excellence




                                                                        Dedikasi dan komitmen yang mendalam mengalir dalam setiap ban              The unmatched dedication and commitment flow through every King
                                                                        King Tire. Kami terus berinovasi untuk menciptakan produk berkual-         Tire. We continuously innovate to create high-quality products that are
                                                                        itas tinggi yang aman dan kompetitif. Memahami bahwa pelanggan             safe and competitive. Understanding that customers are the essence of
                                                                        adalah esensi bisnis kami, kami senantiasa berusaha melampaui eks-         our business, we consistently strive to exceed their expectations. Being
                                                                        pektasi mereka. Menjadi pemimpin industri adalah amanah bagi kami          an industry leader is a responsibility for us to drive progress and make a
                                                                        untuk mendorong kemajuan dan memberikan kontribusi positif bagi            positive contribution to all stakeholders.
                                                                        semua pihak terkait.




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    Laporan Tahunan & Keberlanjutan 2023   PT King Tire Indonesia TBK            PT King Tire Indonesia TBK                                                               2024 Annual & Sustainability Report
Page 3
                                          Ikhtisar Kinerja                   Laporan Manajemen                 Profil Perusahaan            Analisis Dan Pembahasan Manajemen               Tata Kelola Perusahaan                       Laporan Keberlanjutan
                                       Performance Highlights                 Management Report                 Company Profile              Management Discussion And Analysis              Corporate Governance                         Sustainability Report




    DAFTAR ISI
    Table of Contents



    03   Penjelasan Tema                         38     Komposisi Dewan Komisaris          56     Tinjauan Keuangan                          66     Perubahan Peraturan              95    Sistem Pengendalian Internal       114    Kinerja Keberlanjutan
         Theme                                          Tahun 2023                                Financial Overview                                Perundang-Undangan                     Nomination And Remuneration               Sustainability Performance
                                                        Composition Of The Board Of                                                                 Changes In The Law Regulations         Of The Board Of Commissioners
    04   Daftar Isi                                     Commissioners In 2023              59     Kemampuan Membayar Utang                                                                 And The Board Of Directors         120    Lembar Umpan Balik
         Table of Contents                                                                        Solvency                                   66     Perubahan Kebijakan                                                              Feedback Form
                                                 38     Profil Dewan Komisaris                                                                                                       96    Sistem Manajemen Risiko
                                                                                                                                                    Akuntansi
         IKHTISAR KINERJA 2023                          Profile Of The Board Of            59     Tingkat Kolektibilitas Piutang                                                           Audit Committee                    122    Surat Pernyataan Anggota
    1    2023 PERFORMANCE HIGHLIGHTS
                                                        Commissioners                             Collectability                                    Changes In The Accounting                                                        Dewan Komisaris Dan Direksi
                                                                                                                                                    Policy                           98    Perkara Hukum Dan Sanksi                  Tentang Pertanggungjawaban
                                                 41     Komposisi Direksi Tahun            60     Struktur Modal Dan Kebijakan                                                             Administratif                             Atas Laporan Tahunan Dan
         Ikhtisar Keuangan                                                                                                                          TATA KELOLA PERUSAHAAN
    08
         Financial Highlights
                                                        2023
                                                        Composition Of The Board Of
                                                                                                  Struktur Modal Perusahaan
                                                                                                  Solvency
                                                                                                                                             5                                             Nomination And Remuneration
                                                                                                                                                                                           Committee
                                                                                                                                                                                                                                     Laporan Keberlanjutan 2022
                                                                                                                                                                                                                                     Pt King Tire Indonesia Tbk
                                                                                                                                                    CORPORATE GOVERNANCE
                                                        Director In 2023                                                                                                                                                             Astatement Of The Boards Of
    14   Grafik Kinerja Keuangan                                                           61     Ikatan Material                            70     Implementasi Tata Kelola         98    Kode Etik                                 Commissioners And Directors
         Financial Performance Chart             41     Profil Direksi                            Untuk Investasi Barang Modal                                                             Corporate Secretary                       On The Responsibility Of 2022
                                                                                                                                                    Perusahaan
                                                        Profile Of The Board Of Director          Material Commitments Related                                                                                                       Annual Report And Sustainability
                                                                                                                                                    Implementation Of Corporate
                                                                                                  To Capital Investment                                                              99    Program Kepemilikan Saham                 Report Of
    15   Ikhtisar Saham                                                                                                                             Governance
                                                 45     Sumber Daya Manusia                                                                                                                Oleh Manajemen (Msop) Dan                 Pt King Tire Indonesia Tbk
         Share Highlights
                                                        Human Resources                    61     Investasi Barang Modal                                                                   Karyawan (Esop)
                                                                                                  Capital Investment                         70     Prinsip-Prinsip Tata Kelola            Management Stock Option
                                                                                                                                                                                                                                     LAPORAN KEUANGAN
    15   Aksi Korporasi                          46     Komposisi Pemegang Saham                                                                    Perusahaan                             Program (Msop) And Employee        7      FINANCIAL STATEMENTS
         Corporate Action                               Shareholders Composition           62     Informasi Dan Fakta Material                      Corporate Governance Princi-           Stock Option Program (Esop)
                                                                                                  Yang Terjadi Setelah                              ples
         LAPORAN MANAJEMEN
    2    MANAGEMENT REPORT
                                                 47     Struktur Pemegang Saham
                                                        Shareholders Structure
                                                                                                  Tanggal Laporan Akuntan
                                                                                                  Material Information And Facts Hap-
                                                                                                                                                                                     100   Kebijakan Pengungkapan
                                                                                                                                                                                           Informasi
                                                                                                                                             71     Rapat Umum Pemegang
                                                                                                  pened After The Accountant’s                                                             Information Disclosure Policy
                                                                                                                                                    Saham
                                                 48     Entitas Anak Dan Entitas                  Report Date
    18   Laporan Dewan Komisaris                                                                                                                    General Meeting Shareholders
                                                        Asosiasi                                                                                                                     100   Sistem Pelaporan Pelanggaran
         Report From The Board Of
                                                        Subsidiaries And Associate         62     Prospek Usaha                                                                            Nomination And Remuneration
         Commisioners                                   Entities                                  Business Prospect                          31     Dewan Komisaris                        Of The Board Of Commissioners
                                                                                                                                                    The Board Of Commissioners             And The Board Of Directors
    22   Laporan Direksi                         48     Kronologi Pencatatan Saham         63     Aspek Pemasaran
         Report From The Board Of                       Share Listing Chronology                  Marketing Aspect                           32     Direksi                          102   Kebijakan Anti Korupsi
         Directors                                                                                                                                  The Board Of Directors                 Anti-Corruption Policy
                                                 49     Kronologi Pencatatan Efek          64     Kebijakan Dividen
         PROFIL PERUSAHAAN                              Lainnya                                   Dividend Policy                                                                    103   Penerapan Atas
    3    COMPANY’S PROFILE                              Chronological Listing Of Other
                                                                                                                                             79     Penilaian Kinerja
                                                                                                                                                                                           Pedoman Tata Kelola
                                                                                                                                                    Dewan Komisaris Dan Direksi
                                                        Securities                         65     Realisasi Penggunaan Dana Hasil                                                          Perseroan Terbuka
                                                                                                  Penawaran Umum                                    Performance Assessment Of The          Implementation Of Corporate
    30   Identitas Perusahaan                    49     Auditor Eksternal                         Realization Of The Use Of Public                  Board Of Commissioners And             Governance Guidelines
         Corporate Identity                             External Auditor                          Offering Proceeds                                 Board Of Directors

    31   Riwayat Singkat Perusahaan              49     Lembaga Dan Profesi Penun-         66     Informasi Dan Fakta Material Terkait       79     Nominasi Dan Remunerasi
                                                                                                                                                                                     6     LAPORAN KEBERLANJUTAN
                                                                                                                                                                                           SUSTAINABILITY REPORT
         Company At A Glance                            jang Pasar Modal                          Nvestasi, Ekspansi, Divestasi, Pengga-            Dewan Komisaris Dan Direksi
                                                        Capital Market Supporting                 bungan/ Peleburan Usaha, Akuisisi,                Nomination And Remuneration
         Jejak Langkah                                  Institutions                              Restrukturisasi Utang/Modal, Tran-                                                 103   Strategi Keberlanjutan
    32                                                                                                                                              Of The Board Of Commissioners
                                                                                                  saksi Material, Transaksi Afiliasi, Dan                                                  Corporate Secretary
         Milestones                                                                                                                                 And The Board Of Directors
                                                 50     Penghargaan & Sertifikasi                 Transaksi Benturan Kepentingan
                                                        Certifications                            Material Information On Investments,                                               111   Ikhtisar Kinerja Aspek
    33   Visi & Misi                                                                              Expansions, Divestments, Mergers, Con-     80     Komite Audit                           Keberlanjutan
         Vision & Mission                                ANALISIS DAN                             solidation, Acquisitions, Capital/Debt            Audit Committee                        Performance Highlights Of
                                                  4      PEMBAHASAN MANAJEMEN                     Restructuring                                                                            Sustainability Aspects
    34   Nilai Perusahaan                                                                                                                    84     Komite Nominasi Dan
         Company’s Culture                               MANAGEMENT DISCUSSION AND ANALYSIS                                                                                          111   Profil Perseroan
                                                                                                                                                    Remunerasi
                                                                                                                                                    Nomination And Remuneration            Company Profile
         Kegiatan Usaha                          54     Tinjauan Perekonomian Dan
    35                                                                                                                                              Committee
                                                        Industri                                                                                                                           Tata Kelola Keberlanjutan
         Business Activities
                                                        Economic And Industry Review                                                                                                 112   Sustainability Governance
                                                                                                                                             90     Sekretaris Perusahaan
    34   Wilayah Operasional                     55     Tinjauan Operasional                                                                        Corporate Secretary
         Business Area                                  Operational Overview
                                                                                                                                             92     Unit Audit Internal
    36   Struktur Organisasi                                                                                                                        Performance Assessment Of The
         Organization Structure                                                                                                                     Board Of Commissioners And
                                                                                                                                                    Board Of Directors




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         Laporan Tahunan & Keberlanjutan 2024                                                     PT King Tire Indonesia TBK                      PT King Tire Indonesia TBK                                               2024 Annual & Sustainability Report
Page 4
                                                                                                     IKHTISAR KINERJA 2024
                                                                                                      2024 PERFORMANCE HIGHLIGHTS




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    Laporan Tahunan & Keberlanjutan 2023   PT King Tire Indonesia TBK   PT King Tire Indonesia TBK                2023 Annual & Sustainability Report
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                                                    Ikhtisar Kinerja                Laporan Manajemen                      Profil Perusahaan      Analisis Dan Pembahasan Manajemen                                 Tata Kelola Perusahaan                           Laporan Keberlanjutan
                                                 Performance Highlights              Management Report                      Company Profile        Management Discussion And Analysis                                Corporate Governance                             Sustainability Report




IKHTISAR KEUANGAN
Financial Highlights




Laporan Posisi Keuangan                                                                         (dalam jutaan Rupiah penuh)
                                                                                                                                               Laporan Posisi Keuangan                                                                              (dalam jutaan Rupiah penuh)
Consolidated Statement of Financial Position                                                                     (in Rupiah)                   Consolidated Statement of Financial Position                                                                          (in Rupiah)


                                       Keterangan                                                                                                                                  Keterangan
                                                                                    2024                   2023                                                                                                                          2024                   2023
                                       Description                                                                                                                                 Description

 ASET                                                                                                                                           LIABILITAS
 ASSETS                                                                                                                                         LIABILITIES
 Aset lancar                                                                                                                                    Liabilitas jangka pendek
 Current assets                                                                                                                                 Current liabilities

 Kas dan bank                                                                                                                                   Utang bank jangka pendek
 Cash and bank
                                                                          38.304.211.801             23.388.177.415                             Short-term bank liabilities                                                       161.535.515.574           112.561.133.694

 Dana yang dibatasi penggunaannya                                                                                                               Utang usaha
 Restricted funds
                                                                          623.596.548                613.278.336                                Trade payables

 Piutang usaha - pihak ketiga                                                                                                                     Pihak berelasi
 Accounts receivable - third parties
                                                                          112.189.081.285            102.583.243.883                              Related parties

 Piutang lain-lain                                                                                                                                Pihak ketiga
 Other receivable
                                                                          -                          195.000.000                                  Third parties                                                                   38.141.793.973            17.312.725.662

    Pihak berelasi                                                                                                                              Utang lain-lain pihak ketiga
    Related parties
                                                                          -                          -                                          Other payables third parties                                                      4.023.686.057             433.898.736

    Pihak ketiga                                                                                                                                Utang pajak
    Related parties
                                                                          195.000.000                195.000.000                                Taxes payables                                                                    2.645.975.797             195.000.000

 Persediaan                                                                                                                                     Beban masih harus dibayar
 Inventory                                                                114.841.517.264            114.841.517.264                            Accrued liabilities                                                               5.443.395.374             114.841.517.264

 Biaya dibayar di muka                                                                                                                          Liabilitas jangka panjang-bagian yang jatuh tempo dalam waktu satu tahun:
 Prepaid expenses                                                         78.139.343                 88.070.550                                 Current portion of long-term liabilities:

 Uang muka                                                                                                                                      Liabilitas sewa
 Advance Payment                                                          11.438.147.408             27.027.905.660                             Lease liabilities                                                                 294.222.497               451.543.186

 Pajak dibayar di muka                                                                                                                          Utang bank
 Prepaid tax                                                              833.251                    -                                          Bank liabilities                                                                  6.250.000.000             -

 Biaya ditangguhkan                                                                                                                             Jumlah liabilitas jangka pendek
 Deferred Expenses                                                        -                          -                                          Total current liabilities                                                         218.334.589.272           139.379.245.987

 Jumlah aset lancar                                                                                                                             Liabilitas jangka panjang
 Total current assets                                                     281.626.304.168            268.737.193.108                            Non-current liabilities

 Aset tidak lancar                                                                                                                              Liabilitas jangka panjang, setelah dikurangi bagian yang jatuh tempo dalam satu tahun:
 Non-current assets                                                                                                                             Long-term liabilities, net of current portion:

 Uang muka                                                                                                                                      Liabilitas sewa
 Advance                                                                  7.236.587.937              20.205.896.483                             Lease liabilities                                                                 8.298.744.567             6.879.831.521

 Aset pajak tangguhan                                                                                                                           Liabilitas pajak tangguhan
 Deffered tax assets                                                      857.359.221                1.260.894.224                              Deferred tax liabilities                                                          612.216.673               514.868.295

 Aset tetap – bersih                                                                                                                            Liabilitas diestimasi atas imbalan kerja karyawan
 Fixed assets – net                                                       264.177.620.299            163.380.770.216                            Estimated liabilities for employee benefi                                         7.673.862.340             10.153.804.932

 Aset hak guna – bersih                                                                                                                         Jumlah liabilitas jangka panjang
 Leasehold assets – net                                                   6.941.695.489              7.101.293.771                              Total current liabilities                                                         22.834.823.580            17.548.504.748

 Aset takberwujud – bersih                                                                                                                      TOTAL LIABILITAS
                                                                          1.051.121.000              -                                                                                                                            241.169.412.852           156.927.750.735
 Intangible assets – net                                                                                                                        TOTAL LIABILITIES
 Aset lain-lain
 Other assets                                                             450.000.000                450.000.000

 Jumlah aset lancar
 Total current assets                                                     280.714.383.946            192.398.854.694

 JUMLAH ASET
 TOTAL ASSETS                                                             562.340.688.114            461.136.047.802




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              Laporan Tahunan & Keberlanjutan 2024                                                        PT King Tire Indonesia TBK                      PT King Tire Indonesia TBK                                                                2024 Annual & Sustainability Report
Page 6
                                                    Ikhtisar Kinerja                           Laporan Manajemen                            Profil Perusahaan       Analisis Dan Pembahasan Manajemen                                    Tata Kelola Perusahaan                           Laporan Keberlanjutan
                                                 Performance Highlights                         Management Report                            Company Profile         Management Discussion And Analysis                                   Corporate Governance                             Sustainability Report




Laporan Posisi Keuangan                                                                                         (dalam jutaan Rupiah penuh)                       Laporan Laba Rugi Konsolidasian
                                                                                                                                                                                                                                                                         (dalam jutaan Rupiah penuh)
Consolidated Statement of Financial Position                                                                                     (in Rupiah)                      Consolidated Statements of Comprehensive Income                                                                         (in Rupiah)


                                   Keterangan                                                                                                                                                                                                                               31 Desember
                                                                                               2024                        2023
                                   Description                                                                                                                                                                                                                              December 31
                                                                                                                                                                                                     Keterangan
 EKUITAS                                                                                                                                                                                             Description
                                                                                                                                                                                                                                                           2024                     2023
 EQUITY

 Modal saham – nilai nominal Rp 1.000.000 per saham                                                                                                               Penjualan bersih
                                                                                                                                                                  Net sales                                                                         592.245.382.192          515.679.963.404
 Modal dasar – 250.000 saham pada tanggal 30 September 2022 dan 83.901 saham pada tanggal 31 Desember 2021, 2020 dan 2019 dan 67.901 saham
 pada tanggal 31 Desember 2018
                                                                                                                                                                  Beban pokok penjualan
 Share capital - nominal value of Rp 1,000,000 per share                                                                                                          Cost of goods sold                                                                (490.198.973.165 )       (429.618.941.705)
 Authorized capital - 250,000 shares as of September 30, 2022, 83,901 shares as of December 31, 2021, 2020, and 2019, and 67,901 shares as of December 31, 2018
                                                                                                                                                                  Laba kotor
                                                                                                                                                                  Gross profit                                                                      102.046.409.027          86.061.021.699
 Modal ditempatkan dan disetor penuh - 138.901 saham pada tanggal 30
 September 2022 dan 83.901 saham pada tanggal 31 Desember 2021,
                                                                                                                                                                  Beban penjualan
 2020 dan 2019 serta 67.901 saham pada tanggal 31 Desember 2018                                                                                                   Selling expenses                                                                  (40.821.795.819 )        ( 34.494.859.376 )
 Issued and fully paid-up capital - 138,901 shares as of September 30, 2022,
 83,901 shares as of December 31, 2021, 2020, and 2019, and 67,901                                                                                                Beban umum dan administrasi
                                                                                                                                                                  General and administrative expenses                                               (18.800.556.049 )        ( 19.993.885.770 )
 shares as of December 31, 2018

 Proforma ekuitas dari transaksi restrukturisasi entitas sepengendali                                                                                             Pendapatan (beban) lain-lain – bersih
 Proforma equity from intra-group restructuring transactions                                                                                                      Other income (expenses) – net                                                     (3.592.075.364 )         1.706.885.966

 Tambahan Modal Disetor                                                                                                                                           LABA USAHA
                                                                                      72.839.735857                     72.839.735857                             INCOME FROM OPERATIONS                                                            38.831.981.795           33.279.162.519
 Additional Paid-in Capital

 Pengukuran kembali liabilitas diestimasi atau imbalan kerja karyawan                                                                                             Pendapatan keuangan
 Remeasurement of estimated liabilities or employee benefits                                                                                                      Finance income                                                                    127.294.558              1.077.281.722

 Saldo laba                                                                                                                                                       Beban keuangan
 Retained earnings                                                                                                                                                Finance costs -                                                                   (8.499.427.931 )         ( 7.382.160.230 )

   Telah Ditentukan pengunananya                                                                                                                                  LABA SEBELUM PAJAK PENGHASILAN
                                                                                      12.229.716.984                    11.229.716.984                            INCOME BEFORE INCOME TAX                                                          30.459.848.422           26.974.284.011
   Appropropriated

   Belum Ditentukan Penggunaannya                                                                                                                                 BEBAN PAJAK PENGHASILAN
                                                                                      57.330.235.300                    42.592.167.806                            INCOME TAX EXPENSE
   Unappropriated

 Dividen                                                                                                                                                          Kini
 Dividend                                                                                                                                                         Current                                                                           (6.190.222.060 )         ( 6.011.687.220 )

 Jumlah                                                                                                                                                           Tangguhan
 Total                                                                                                                                                            Deffered                                                                          (468.485.212 )           ( 329.962.364 )

 Kepentingan non-pengendali                                                                                                                                       JUMLAH BEBAN PAJAK PENGHASILAN
                                                                                      12.094.952.490                    10.942.604.253                            TOTAL INCOME TAX EXPENSE                                                          (6.658.707.272 )         ( 6.341.649.584 )
 Non-controlling Interest

 TOTAL EKUITAS                                                                                                                                                    LABA BERSIH SETELAH EFEK PENYESUAIAN PROFORMA TAHUN BERJALAN
                                                                                      321.171.275.262                   304.208.297.067                           NET INCOME AFTER EFFECT OF PROFORMA ADJUSTMENT FOR THE YEAR                       23.801.141.150           20.632.634.427
 TOTAL EQUITY

 TOTAL EKUITAS DAN TOTAL LIABILITAS                                                                                                                               Efek Penyesuaian Proforma
                                                                                      562.340.688.114                   461.136.047.802                           Effect of Proforma Adjustment
 TOTAL EQUITY AND TOTAL LIABILITIES

                                                                                                                                                                  LABA BERSIH SEBELUM EFEK PENYESUAIAN PROFORMA TAHUN BERJALAN
                                                                                                                                                                  NET INCOME BEFORE EFFECT OF PROFORMA ADJUSTMENT FOR THE YEAR                      20.632.634.427           20.632.634.427

                                                                                                                                                                  PENGHASILAN KOMPREHENSIF LAIN
                                                                                                                                                                  OTHER COMPREHENSIVE INCOME

                                                                                                                                                                  Pos yang tidak akan direklasifikasi ke laba rugi
                                                                                                                                                                  Item that will not be reclassified to profit or loss

                                                                                                                                                                  Pengukuran kembali liabilitas diestimasi atas imbalan kerja karyawan
                                                                                                                                                                  Remeasurement of estimated liabilities for employee benefits                      147.264.401              ( 792.139.478 )

                                                                                                                                                                  Pajak penghasilan terkait
                                                                                                                                                                  Related income tax                                                                (32.398.168 )            174.270.685

                                                                                                                                                                  LABA KOMPREHENSIF TAHUN BERJALAN
                                                                                                                                                                  COMPREHENSIVE INCOME FOR THE YEAR                                                 23.916.007.383           20.014.765.634




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             Laporan Tahunan & Keberlanjutan 2024                                                                          PT King Tire Indonesia TBK                       PT King Tire Indonesia TBK                                                                   2024 Annual & Sustainability Report
Page 7
                                                    Ikhtisar Kinerja             Laporan Manajemen                       Profil Perusahaan     Analisis Dan Pembahasan Manajemen                          Tata Kelola Perusahaan                       Laporan Keberlanjutan
                                                 Performance Highlights           Management Report                       Company Profile       Management Discussion And Analysis                         Corporate Governance                         Sustainability Report




                                                                                                                                             Rasio                                                                                    (dalam jutaan Rupiah penuh)
                                                                                                                                             Ratio                                                                                                     (in Rupiah)


                                                                                                                                                                                                                                         31 Desember
                                                                                                                                                                           Keterangan
                                                                                                                                                                           Description                                                   December 31
                                                                                              (dalam jutaan Rupiah penuh)
                                                                                                               (in Rupiah)
                                                                                                                                                                                                                               2024              2023
                                                                                                                                                                                                       Rasio Pertumbuhan
                                                                                                                                                                                                          Growth Ratio
                                                                                                 31 Desember
                               Keterangan                                                                                                    Penjualan bersih
                               Description                                                       December 31                                                                                                               14,85%                1,83%
                                                                                                                                             Net revenue
                                                                                 2024                    2023                                Beban pokok penjualan
                                                                                                                                             Cost of revenues
                                                                                                                                                                                                                           14,10%                2,19%
LABA BERSIH SEBELUM EFEK PENYESUAIAN PROFORMA TAHUN BERJALAN YANG DAPAT DIATRIBUSIKAN KEPADA:
NET INCOME BEFORE EFFECT OF PROFORMA ADJUSTMENT FOR THE YEAR ATTRIBUTABLE TO:
                                                                                                                                             Laba kotor
                                                                                                                                             Gross profit
                                                                                                                                                                                                                           18,57%                0,05%
Pemilik entitas induk
                                                                          22.694.149.4               19.734.001.775
Owners of the parent entity
                                                                                                                                             Laba usaha
                                                                                                                                             Operating profit
                                                                                                                                                                                                                           16,68%                -1,69%
Kepentingan non pengendali
                                                                          1.106.991.668              898.632.652
Non-controlling interests
                                                                                                                                             Laba bersih
                                                                                                                                             Net income
                                                                                                                                                                                                                           15,36%                -2,71%
JUMLAH
                                                                          23.801.141.150             20.632.634.427
TOTAL
                                                                                                                                             Laba komprehensif periode/tahun berjalan
                                                                                                                                             Comprehensive income for the year
                                                                                                                                                                                                                           19,50%                -2,71%
JUMLAH LABA tKOMPREHENSIF TAHUN BERJALAN YANG DAPAT DIATRIBUSIKAN KEPADA:
TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO:
                                                                                                                                             Jumlah aset
                                                                                                                                             Total assets
                                                                                                                                                                                                                           21,95%                26,41%
Pemilik entitas induk
Owners of the parent entity                                               22.763.659.146             19.123.257.778
                                                                                                                                             Jumlah liabilitas
                                                                                                                                             Total liabilities
                                                                                                                                                                                                                           53,68%                -10,25%
Kepentingan non pengendali
Non-controlling interests                                                 1.152.348.237              891.507.856
                                                                                                                                             Jumlah ekuitas
                                                                                                                                             Total equity
                                                                                                                                                                                                                           5,63%                 60,17%
JUMLAH
TOTAL                                                                     23.916.007.383             20.014.765.634
                                                                                                                                                                                                          Rasio Bisnis
                                                                                                                                                                                                         Business Ratio
Laba per saham dasar
Basic earnings per share                                                  6,52                       6,10
                                                                                                                                             Laba kotor/penjualan
                                                                                                                                                                                                                           17,23%                16,69%
                                                                                                                                             Gross profit margin

                                                                                                                                             Laba usaha/penjualan
                                                                                                                                                                                                                           6,56%                 6,68%
                                                                                                                                             Operating profit margin
Laba Arus Kas Konsolidasian
                                                                                              (dalam jutaan Rupiah penuh)                    Laba bersih/penjualan
Consolidated Cash Flow Statement                                                                               (in Rupiah)                   Net Profit Margin
                                                                                                                                                                                                                           4,02%                 4,00%

                                                                                                 31 Desember                                 Laba komprehensif periode/tahun berjalan/penjualan
                                                                                                                                                                                                                           4,04%                 3,88%
                                                                                                                                             Comprehensive income for the period/year
                               Keterangan                                                        December 31
                               Description                                       2024                    2023                                Laba kotor/aset
                                                                                                                                                                                                                           18,15%                18,66%
                                                                                                                                             Gross profit/assets

                                                                                                                                             Laba kotor/ekuitas
Kas Bersih Digunakan untuk Aktivitas Operasi                                                                                                                                                                               31,77%                18,66%
Net Cash Used in Operating Activities
                                                                          65.872.114.823         7029182207                                  Gross profit/equity

                                                                                                                                             Laba (rugi) komprehensif periode/tahun berjalan/ekuitas
Kas Bersih Digunakan untuk Aktivitas Investasi                                                                                                                                                                             7,45%                 4,34%
Net Cash Used in Investing Activities
                                                                          (102.389.850.923)      -83.610.281.322                             Comprehensive income (loss) for the period/year/equityt

                                                                                                                                             Laba sebelum pajak/aset
Kas Bersih Diperoleh dari Aktivitas Pendanaan                                                                                                                                                                              5,42%                 5,85%
Net Cash Provided by Financing Activities
                                                                          51.405.629.083         92.573.193.704                              Profit before tax/assetst

                                                                                                                                             Laba sebelum pajak/ekuitas
KENAIKAN (PENURUNAN) BERSIH KAS DAN BANK                                                                                                                                                                                   9,48%                 8,87%
NET INCREASE (DECREASE) IN CASH ON HAND AND IN BANKS
                                                                          14.887.892.983         15.992.094.589                              Profit before tax/equity

                                                                                                                                             Laba bersih/ekuitas
KAS DAN BANK AWAL TAHUN                                                                                                                                                                                                    7,41%                 6,78%
CASH ON HAND AND IN BANKS AT THE BEGINNING OF THE YEAR
                                                                          23.388.177.415         7.409.980.626                               Return on equity

                                                                                                                                             Laba bersih/aset
KAS DAN BANK AKHIR TAHUN                                                                                                                                                                                                   4,23%                 4,47%
CASH ON HAND AND IN BANKS AT THE END OF THE YEAR
                                                                          38.304.211.801         23.388.177.415                              Return on assets

                                                                                                                                                                                                          Rasio Bisnis
                                                                                                                                                                                                         Business Ratio

                                                                                                                                             Rasio lancar
                                                                                                                                                                                                                           1,29x                 1,93x
                                                                                                                                             Current ratio

                                                                                                                                             Solvabilitas ekuitas
                                                                                                                                                                                                                           0,75x                 0,52x
                                                                                                                                             Debt to equity ratio

                                                                                                                                             Solvabilitas aset
                                                                                                                                                                                                                           0,34x                 0,34x
                                                                                                                                             Debt to asset ratio

                                                                                                                                             Rasio cakupan bunga
                                                                                                                                                                                                                           5,28x                 5,28x
                                                                                                                                             Interest coverage ratio

                                                                                                                                             Rasio penutupan beban hutang
                                                                                                                                                                                                                           -                     -
                                                                                                                                             Debt service coverage ratio




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            Laporan Tahunan & Keberlanjutan 2024                                                        PT King Tire Indonesia TBK                    PT King Tire Indonesia TBK                                                      2024 Annual & Sustainability Report
Page 8
                                          Ikhtisar Kinerja                     Laporan Manajemen                   Profil Perusahaan                       Analisis Dan Pembahasan Manajemen                             Tata Kelola Perusahaan                            Laporan Keberlanjutan
                                       Performance Highlights                   Management Report                   Company Profile                         Management Discussion And Analysis                            Corporate Governance                              Sustainability Report




GRAFIK KINERJA KEUANGAN                                                                                                                                  IKHTISAR SAHAM
Financial Performance Chart                                                                                                                              Share Highlights
                                                                                                 592.245.382.192


                                                                           515.679.963.404


                                                                                                                                                         Seluruh saham Perseroan dicatatkan dan diperdagangkan di Bursa             All of the Company’s shares are listed and traded on the Indonesia
                                                      506.432.465.665                                                                                    Efek Indonesia dengan kode ticker “TYRE” mulai 8 Mei 2022.                 Stock Exchange with the ticker code “TYRE” starting from May 8, 2022.
                                                                                                                                                         Sehingga selama tahun 2024 tidak terdapat catatan perdagangan              Therefore, during the year 2024, there were no trading records of the
                              384.339.496.487
                                                                                                                                                         saham Perseroan dan tidak terdapat sanksi yang diterima Perseroan,         Company’s shares and no sanctions were imposed on the Company,
                                                                                                                                                         khususnya berupa penghentian sementara perdagangan karena                  particularly in the form of temporary trading suspension for any
                                                                                                                                                         sebab apapun.                                                              reason.



                                    2021                    2022                  2023                  2024
                                                                                                                                                         Seluruh       saham        yang        dicatatkan      pada          BEI   The total number of shares listed on the IDX (Indonesia Stock Ex-
                                                           Pendapatan Bersih                                                                             berjumlah 3.478.049.252 (tiga miliar empat ratus tujuh puluh               change)    is   3,478,049,252     (three    billion   four    hundred     seven-
                                                           Net Revenues
                                                                                                                                                         delapan     juta   empat     puluh     sembilan     ribu       dua   ra-   ty-eight   million   forty-nine    thousand       two    hundred        fifty-two)
                                                                                                                                                         tus   limapuluh    dua)    saham     atau   100%    (seratus    persen)    shares,    representing   100%       (one     hundred        percent)   of    the
                                                                                                                                                         dari seluruh jumlah modal ditempatkan dan disetor penuh setelah            total issued and fully paid-up capital after the Initial Public Offering.
                                                         23.916.007.383                                                                562.340.688.114   Penawaran Umum Perdana Saham.


                                    20.014.765.634                                                                 461.136.047.802



                  20.573.007.352                                                                 364.784.365.925

10.947.155.811                                                                 334.105.514.285




     2021             2022              2023                 2024                   2021              2022             2023                2024

            Laba Komprehensif Bersih Tahun Berjalan                                                      Jumlah Aset
            Comprehensive Income for the Year                                                            Net Revenues




                                                         241.169.412.852                                                             321.171.275.262


                                    156.927.750.735                                                                304.208.297.067



                  174.858.670.292                                                                189.925.695.633
                                                                                                                                                         AKSI KORPORASI
165.611.163.994                                                                168.494.350.291
                                                                                                                                                         Corporate Action



     2021             2022              2023                 2024                  2021              2022              2023               2024
                                                                                                                                                         Selama tahun 2024, Perseroan perseroan membagikan dividen                  During 2024, the Company distributed a dividend of Rp2,- per share.
                        Jumlah Liabilitas                                                                    Jumlah Ekuitas                              sebesar @Rp2,- / lembar saham.
                        Total Liabilities                                                                    Total Equity




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            Laporan Tahunan & Keberlanjutan 2024                                                       PT King Tire Indonesia TBK                                  PT King Tire Indonesia TBK                                                             2024 Annual & Sustainability Report
Page 9
                                                                                                  LAPORAN MANAJEMEN
                                                                                                       MANAGEMENT REPORT




     2
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     Laporan Tahunan & Keberlanjutan 2023   PT King Tire Indonesia TBK   PT King Tire Indonesia TBK          2023 Annual & Sustainability Report
Page 10
                                                                           Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                           Laporan Keberlanjutan
                                                                            Management Discussion And Analysis                      Corporate Governance                             Sustainability Report




LAPORAN DEWAN KOMISARIS
Report From the Board of Commisioners



                                                                                         Pertumbuhan Penjualan Bersih sebesar 1,83% di tahun
                                                                                         2024 menjadi bukti keberhasilan kinerja Direksi yang
                                                                                         diapresiasi oleh Dewan Komisaris.

                                                                                         The 1.83% growth in Net Sales in 2024 serves as evidence of the suc-
                                                                                         cessful performance of the Board of Directors, which was appreciated
                                                                                         by the Board of Commissioners.



                                                                                       Para Pemegang Saham dan Pemangku Kepentingan yang               Dear Shareholders and Stakeholders,
                                                                                       Terhormat,

                                                                                       Dengan penuh syukur kehadirat Tuhan Yang Maha Esa,              With gratitude to the presence of God Almighty, we have
                                                                                       kita telah melewati tahun 2024 yang penuh dinamika. Kami        passed the dynamic year 2024. We express our gratitude for
                                                                                       menyampaikan rasa terima kasih atas rahmat dan karunia-         His grace and blessings, as well as for the proud achievements
                                                                                       Nya, serta atas pencapaian membanggakan yang diraih             achieved by PT King Tire Indonesia Tbk throughout the year.
                                                                                       PT King Tire Indonesia Tbk di sepanjang tahun tersebut.         As a form of accountability of the Board of Directors for the
                                                                                       Sebagai wujud pertanggungjawaban Direksi atas kinerja           Company’s performance, I am present here to deliver this
                                                                                       Perseroan, saya hadir di sini untuk menyampaikan Laporan        Annual Report.”
                                                                                       Tahunan ini.”




                                                                                       PENILAIAN TERHADAP KINERJA DIREKSI                              ASSESSMENT OF BOARD OF DIRECTORS’
                                                                                                                                                       PERFORMANCE

                                                                                       Dewan Komisaris menyampaikan rasa terima kasih dan              The Board of Commissioners expresses its highest gratitude
                                                                                       penghargaan setinggi-tingginya kepada Direksi atas kerja        and appreciation to the Board of Directors for their hard work,
                                                                                       keras, dedikasi, serta komitmen yang telah ditunjukkan          dedication, and commitment throughout 2024. In facing var-
                                                                                       sepanjang tahun 2024. Dalam menghadapi berbagai tanta-          ious challenges, the capable leadership of the Board of Direc-
                                                                                       ngan, kepemimpinan Direksi yang cakap berhasil menga-           tors has successfully guided the Company through difficult
                                                 Indra Muliawan                        rahkan Perseroan melalui masa-masa sulit dan mencapai           times and achieved encouraging performance. The resilience
                                                                                       kinerja yang menggembirakan. Ketangguhan Direksi dalam          of the Board of Directors in maintaining the sustainability of the
                                                 Komisaris Utama                       menjaga keberlanjutan operasional Perseroan ini patut           Company’s operations deserves to be appreciated by all of us.
                                                 President Commissioner                diapresiasi oleh kita semua

                                                                                       Sepanjang tahun 2024, Dewan Komisaris mengamati bah-            Throughout 2024, the Board of Commissioners observed that the
                                                                                       wa kinerja operasional Direksi menghasilkan pencapaian          Board of Directors’ operational performance yielded commend-
                                                                                       yang patut dibanggakan, tercermin dari peningkatan yang         able achievements, reflected in a significant increase. Specifically,
                                                                                       signifikan. Secara konkret, Penjualan Bersih Perseroan ter-     the Company’s Net Sales were recorded at Rp592,245,382,192,
                                                                                       catat sebesar 592.245.382.192 meningkat 14,85% dr 2023          an increase of 14.85% from the Rp506.43 billion in 2023. Further-
                                                                                       yang sebesar Rp506,43 miliar. Lebih lanjut, Perseroan ber-      more, the Company successfully recorded a Net Profit for the year
                                                                                       hasil membukukan Laba Bersih tahun berjalan sebesar             of Rp20 billion, relatively stable compared to the previous year.
                                                                                       Rp20 miliar, relatif stabil dibandingkan tahun sebelumnya.
                                                                                                                                                       This remarkable success, in the belief of the Board of Com-
                                                                                       Keberhasilan gemilang ini, menurut keyakinan Dewan Komis-       missioners, is a result of the meticulous and effective strat-
                                                                                       aris, merupakan hasil dari implementasi strategi yang cermat    egy implementation by the Directors throughout 2024. In
                                                                                       dan efektif oleh Direksi sepanjang tahun 2024. Dalam kapa-      its capacity as supervisor of the Directors’ performance, the
                                                                                       sitasnya sebagai pengawas kinerja Direksi, Dewan Komisaris      Board of Commissioners not only conducted monitoring at
                                                                                       tidak hanya melakukan pemantauan dalam setiap tahapan,          every stage but also actively provided support in the form of
                                                                                       namun juga aktif memberikan dukungan berupa saran dan           suggestions and advice. This aims to ensure that the execu-
                                                                                       nasihat. Hal ini bertujuan untuk memastikan bahwa pelak-        tion of the Company’s business strategy proceeds optimally.
                                                                                       sanaan strategi bisnis Perseroan berjalan secara optimal.




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       Laporan Tahunan & Keberlanjutan 2023   PT King Tire Indonesia TBK        PT King Tire Indonesia TBK                                                         2024 Annual & Sustainability Report
Page 11
                                           Ikhtisar Kinerja                     Laporan Manajemen                          Profil Perusahaan                  Analisis Dan Pembahasan Manajemen                         Tata Kelola Perusahaan                             Laporan Keberlanjutan
                                        Performance Highlights                   Management Report                          Company Profile                    Management Discussion And Analysis                        Corporate Governance                               Sustainability Report




Selain itu, penerapan strategi yang unggul ini juga didukung oleh        Furthermore, the implementation of this superior strategy was also sup-           Atas asumsi-asumsi tersebut, Dewan Komisaris optimis Perseroan           Based on these assumptions, the Board of Commissioners is optimistic
tim Sumber Daya Manusia yang kompeten, yang turut berkontri-             ported by a competent Human Resources team, which contributed to driv-            dapat melanjutkan kinerja positif dengan menjadikan pencapaian yang      that the Company can continue its positive performance by leveraging the
busi dalam mendorong pertumbuhan bisnis Perseroan yang lebih             ing more significant business growth for the Company this year.                   cukup baik di tahun 2023 sebagai modal yang kuat dalam menghadapi        relatively good achievements in 2023 as a strong foundation to face the
signifikan di tahun ini.                                                                                                                                   tantangan berikutnya di tahun 2024. Proyeksi kinerja Perseroan yang      upcoming challenges in 2024. The positive performance projection for the
                                                                                                                                                           positif di tahun 2024 juga didorong oleh langkah pasti Perseroan yang    Company in 2024 is also driven by the Company’s definite steps to enter
PANDANGAN DEWAN KOMISARIS ATAS                                           THE BOARD OF COMMISSIONERS’ VIEW ON THE                                           masuk ke Pasar Modal, ditambah pencapaian yang diraih di tahun 2023      the Capital Market, coupled with the achievements attained in 2023,
PENERAPAN TATA KELOLA PERUSAHAAN                                         IMPLEMENTATION OF CORPORATE GOVERNANCE                                            sehingga Dewan Komisaris optimis Perseroan dapat merealisasikan          leading the Board of Commissioners to have confidence in the Company’s
                                                                                                                                                           performa yang lebih baik di tahun berikutnya.                            ability to achieve even better performance in the following year.
Pencapaian signifikan di tahun 2024 ini tak lepas dari implemen-         The significant achievements made in 2024 can be attributed to the
tasi yang solid dari prinsip Tata Kelola Perusahaan yang Baik (Good      effective implementation of Good Corporate Governance (GCG) principles.           PERUBAHAN SUSUNAN DEWAN KOMISARIS                                        CHANGES IN THE BOARD OF COMMISSIONERS’
Corporate Governance/GCG). Dewan Komisaris mengamati bah-                The Board of Commissioners acknowledges that the implementation of                                                                                         STRUCTURE
wa praktik terbaik GCG telah diterapkan dengan baik di seluruh           GCG best practices in the Company has been well-executed, in accordance
Perseroan, selaras dengan prinsip-prinsip utama seperti transpar-        with governance principles such as transparency, accountability,                  Selama tahun 2023, tidak ada perubahan susunan Dewan Komisaris           Throughout the year 2023, there were no changes in the composition of
ansi, akuntabilitas, tanggung jawab, independensi, dan kepatu-           responsibility, independence, and compliance with applicable laws and             di Perseroan sesuai Akta No.143 Tahun 2022 tanggal 14 Desember           the Board of Commissioners in the Company, as stated in Deed No.143
han terhadap peraturan perundang-undangan yang berlaku.                  regulations.                                                                      2022 sehingga komposisinya adalah sebagai berikut:                       Year 2022, dated December 14, 2022. The current composition of the
                                                                                                                                                                                                                                    Board        of       Commissioners        is        as      follows:
Efektivitas implementasi tata kelola juga didukung oleh sinergi dan
                                                                                                                                                           • Komisaris Utama      : Indra Muliawan                                  • President Commissioner    : Indra Muliawan
kinerja optimal dari seluruh elemen dalam struktur organisasi. De-       The effectiveness of governance implementation is also supported by the
                                                                                                                                                           • Komisaris            : Hardi Muliawan                                  • Commissioner             : Hardi Muliawan
wan Komisaris memberikan apresiasi kepada Direksi, sebagai pihak         synergy and optimal performance of all elements within the organizational
                                                                                                                                                           • Komisaris Independen : Danny Setiawan                                  • Independent Commissioner : Danny Setiawan
yang bertanggung jawab atas operasional Perseroan, atas pelak-           structure. The Board of Commissioners expresses its appreciation to the Di-
sanaan tugas dan fungsinya yang baik. Terutama dalam memasti-            rectors, as the party responsible for the Company’s operations, for the prop-
kan bahwa setiap organ tata kelola menjalankan perannya secara           er execution of their duties and functions, especially in ensuring that each      PENUTUP                                                                  APPRECIATION AND CLOSING
efektif. Kolaborasi yang harmonis ini memungkinkan penerapan             governance body carries out its role effectively. This harmonious collabo-
tata kelola berjalan sesuai harapan dan berkontribusi pada ter-          ration enables the implementation of governance to proceed as expected            Dewan Komisaris dengan bangga mengakui peran penting semua pi-           The Board of Commissioners is proud to acknowledge the important role
ciptanya nilai tambah bisnis bagi seluruh pemangku kepentingan.          and contributes to the creation of added business value for all stakeholders.     hak yang telah berkontribusi dalam kesuksesan Perseroan di tahun         of all parties who have contributed to the Company’s success in 2023. We
                                                                                                                                                           2023. Kami mengucapkan terima kasih kepada Pemegang Saham dan            would like to thank the Shareholders and Stakeholders for the trust they
Untuk mempertahankan kinerja positif ini dan terus meningkatkan kual-    To sustain this positive performance and further enhance the qual-                Pemangku Kepentingan atas kepercayaan yang mereka berikan. Kami          have given. We also want to give the highest appreciation to all levels of Di-
itas penerapan tata kelola di masa depan, Dewan Komisaris akan secara    ity of governance implementation in the future, the Board of Com-                 juga ingin memberikan apresiasi yang setinggi-tingginya kepada seluruh   rectors and employees for their dedication, hard work, commitment and
berkelanjutan mengawasi proses implementasinya di seluruh tingkatan      missioners will continuously oversee its implementation process                   jajaran Direksi dan karyawan atas dedikasi, kerja keras, komitmen, dan   extraordinary enthusiasm in achieving the Company’s targets and goals.
Perseroan. Pengawasan ini akan didukung oleh komite-komite yang bera-    at all levels of the Company. This oversight will be supported by                 semangat yang luar biasa dalam mencapai target dan tujuan Perseroan.
da di bawah naungan Dewan Komisaris.                                     committees operating under the auspices of the Board of Commissioners.
                                                                                                                                                           Dewan Komisaris optimis bahwa Perseroan dapat menyambut tahun            The Board of Commissioners is optimistic that the company can welcome
                                                                                                                                                           2024 dengan motivasi dan tekad yang kuat dalam meraih pencapaian         the year 2024 with strong motivation and determination to achieve even
PANDANGAN DEWAN KOMISARIS ATAS PROSPEK                                   THE BOARD OF COMMISSIONERS’ VIEW ON THE                                           yang lebih cemerlang. Untuk itu, Dewan Komisaris akan terus              greater accomplishments. Therefore, the Board of Commissioners will
USAHA PERUSAHAAN                                                         BUSINESS PROSPECTS OF THE COMPANY                                                 berupaya memberikan dukungan terbaik bagi pertumbuhan bisnis             continue to strive to provide the best support for the company’s business
                                                                                                                                                           Perseroan melalui pengawasan dan pemantauan yang lebih optimal di        growth through enhanced supervision and monitoring in the future.
Meskipun tahun 2024 diwarnai oleh sejumlah isu politik dan               Despite 2024 being marked by several global political and economic issues,        masa yang akan datang.
ekonomi global, termasuk konflik geopolitik Rusia-Ukraina yang ber-      including the Russia-Ukraine geopolitical conflict with the potential to be-
potensi menjadi tantangan ekonomi baru di tahun 2025, Badan              come a new economic challenge in 2025, the Indonesian Central Bureau of
Pusat Statistik (BPS) menyampaikan optimisme terhadap ketahan-           Statistics (BPS) expressed optimism regarding Indonesia’s economic resilience.
an ekonomi Indonesia. Secara khusus, permintaan terhadap ban             Specifically, demand for inner and outer tires in Indonesia is projected to re-                                                     Atas Nama Dewan Komisaris
dalam dan ban luar di Indonesia diproyeksikan tetap tinggi sei-          main high, in line with the large motorized vehicle population in the country.                                                  On Behalf of the Board of Commissioners
ring dengan besarnya populasi kendaraan bermotor di Tanah Air.
                                                                         Data from the Indonesian National Police Corps Traffic Directorate (Kor-
Data Korlantas Polri per 29 Februari 2024 menunjukkan populasi           lantas Polri) as of February 29, 2024, indicates that the active motorized
kendaraan bermotor aktif di Indonesia mencapai angka signifikan,         vehicle population in Indonesia reached a significant figure of 157,080,504
yaitu 157.080.504 unit. Dari jumlah tersebut, mayoritas unit merupa-     units. Of this number, the majority were private vehicles, with motorcy-                                                    PT. KING TIRE INDONESIA.TBK
kan kendaraan pribadi, dengan sepeda motor mendominasi sebesar           cles dominating at 134,181,607 units, an increase compared to the end                                                                         Jakarta, Juli/July 2023
134.181.607 unit, meningkat dibandingkan akhir tahun 2023. Di samp-      of 2023. Alongside the strength of the domestic market, export activ-
ing kekuatan pasar domestik, aktivitas ekspor juga memegang peranan      ities also play a crucial role in the growth of the tire industry in Indonesia.
krusial dalam pertumbuhan industri ban di Indonesia.

Asosiasi Industri Sepedamotor Indonesia (AISI) telah merilis data pen-   The Indonesian Motorcycle Industry Association (AISI) has released
jualan motor di Indonesia tahun 2024. Industri roda dua berhasil men-    motorcycle sales data for Indonesia in 2024. The two-wheeler in-
jual sebanyak 6,3 juta unit motor sepanjang 2024.                        dustry successfully sold 6.3 million units throughout 2024. This rep-
Mengalami kenaikan, didorong oleh peningkatan produksi sepeda            resents an increase, driven by higher motorcycle production and
motor serta permintaan yang solid baik dari pasar domestik maupun        solid demand from both domestic and international markets.
internasional.
                                                                                                                                                                                                                INDRA MULIAWAN
                                                                                                                                                                                                                       Komisaris Utama
                                                                                                                                                                                                                    President Commissioner




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           Laporan Tahunan & Keberlanjutan 2024                                                            PT King Tire Indonesia TBK                              PT King Tire Indonesia TBK                                                             2024 Annual & Sustainability Report
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                                                                           Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                            Laporan Keberlanjutan
                                                                            Management Discussion And Analysis                      Corporate Governance                              Sustainability Report




                                                                           tt
LAPORAN DIREKSI
Report From the Board of Directors                                                       Komitmen Perseroan terhadap inovasi teknologi dan
                                                                                         pengembangan produk tercermin dalam alokasi investasi
                                                                                         yang substansial di bidang penelitian dan pengemban-
                                                                                         gan. Investasi strategis ini bertujuan untuk menghasilkan
                                                                                         ban dengan kinerja dan kualitas terbaik, yang pada akh-
                                                                                         irnya akan memberikan nilai tambah yang optimal bagi
                                                                                         para pelanggan dan seluruh pemangku kepentingan.

                                                                                         The Company’s dedication to technological and product advancement
                                                                                         is evidenced by significant investments in research and development.
                                                                                         This investment aims to create tires with superior performance and
                                                                                         quality, so that they can provide maximum benefits for customers and
                                                                                         other stakeholders.
                                              Harris Muliawan
                                              Direktur Utama                             Yang kami hormati Para Pemegang Saham dan segenap                  Dear Shareholders and Stakeholders,
                                                                                         Pemangku Kepentingan
                                              President Director
                                                                                         Pertama-tama, marilah kita bersama-sama mengucap                   First and foremost, let us together express our gratitude
                                                                                         syukur kehadirat Tuhan Yang Maha Esa atas limpahan                 to God Almighty for the abundance of grace and blessings
                                                                                         rahmat dan karunia-Nya yang telah membimbing kita                  that have guided us through the dynamic year of 2024. As
                                                                                         melewati tahun 2024 yang penuh dinamika. Sebagai wu-               a form of gratitude and accountability for the outstand-
                                                                                         jud syukur dan pertanggungjawaban atas kinerja gem-                ing performance of PT King Tire Indonesia Tbk in 2024, we,
                                                                                         ilang PT King Tire Indonesia Tbk di tahun 2024, dengan ini         the Board of Directors, hereby present this Annual Report.
                                                                                         kami, jajaran Direksi, menyampaikan Laporan Tahunan ini.




                                                                                         KINERJA PERUSAHAAN TAHUN 2024                                  COMPANY PERFORMANCE IN 2024

                                                                                         Sepanjang tahun 2024, Perseroan menjalankan strategi               Throughout 2024, the Company implemented strategies and
                                                                                         dan kebijakan yang menitikberatkan pada inovasi produk             policies that emphasized product and technology innovation,
                                                                                         dan teknologi, ekspansi pasar, serta peningkatan mutu.             market expansion, and quality improvement. Substantial in-
                                                                                         Investasi yang substansial dialokasikan untuk penelitian           vestments were allocated to research and development to cre-
                                                                                         dan pengembangan dalam rangka menciptakan ban den-                 ate tires with superior performance and quality. Furthermore,
                                                                                         gan kinerja dan kualitas unggul. Selain itu, Perseroan aktif       the Company actively built strategic partnerships and expand-
                                                                                         membangun kemitraan strategis dan memperluas jang-                 ed its distribution network to serve a wider range of consumers.
                                                                                         kauan distribusi guna melayani lebih banyak konsumen.

                                                                                         Perseroan menempatkan efisiensi dan keberlanjutan ran-             The Company prioritizes efficiency and supply chain sus-
                                                                                         tai pasokan sebagai prioritas utama. Langkah konkret               tainability. Concrete steps taken include the implementa-
                                                                                         yang diambil termasuk implementasi kebijakan lingkun-              tion of responsible environmental policies, such as the utili-
                                                                                         gan yang bertanggung jawab, seperti pemanfaatan ba-                zation of more environmentally friendly raw materials and
                                                                                         han baku yang lebih ramah lingkungan dan praktik                   sustainable production practices. This strategy not only strength-
                                                                                         produksi yang berkelanjutan. Strategi ini tidak hanya              ens the Company’s position in the industry but also provides
                                                                                         memperkokoh posisi Perseroan dalam industri, teta-                 significant added value for customers and all stakeholders.
                                                                                         pi juga memberikan nilai tambah yang signifikan bagi
                                                                                         para pelanggan dan seluruh pemangku kepentingan.




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       Laporan Tahunan & Keberlanjutan 2023   PT King Tire Indonesia TBK        PT King Tire Indonesia TBK                                                           2024 Annual & Sustainability Report
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                                              Ikhtisar Kinerja                      Laporan Manajemen                         Profil Perusahaan                   Analisis Dan Pembahasan Manajemen                           Tata Kelola Perusahaan                              Laporan Keberlanjutan
                                           Performance Highlights                    Management Report                         Company Profile                     Management Discussion And Analysis                          Corporate Governance                                Sustainability Report




                                                                                                                                                               Guna mempertahankan tren positif ini, Perseroan memiliki dedikasi yang     To sustain these accomplishments, the company is strongly committed
                                                                                                                                                               tinggi untuk senantiasa mengoptimalkan kinerja dan memberikan layanan      to continue delivering optimal performance and providing the best for
                                                                                                                                                               terbaik kepada pelanggan, pemegang saham, serta seluruh pemangku           its customers, shareholders, and all stakeholders involved. The company
Peranan Direksi dalam Penyusunan Strategi dan Kebijakan Strategis           The Role of the Board of Directors in Formulating Company’s Strategy               kepentingan. Selain itu, Perseroan juga bertekad untuk menjaga keber-      is also committed to ensuring business continuity with positive and
Perusahaan                                                                  and Strategic Policies                                                             lanjutan bisnis melalui pertumbuhan yang progresif dan berkelanjutan.
                                                                                                                                                                                                                                          sustainable growth.
Dalam merumuskan strategi dan kebijakan Perseroan, Direksi mener-           In formulating the Company’s strategies and policies, the Board of Direc-
apkan pendekatan yang cermat dan terukur. Analisis mendalam ter-            tors employs a meticulous and measured approach. In-depth analysis of
hadap kondisi ekonomi makro, tren industri, target yang ingin diraih,       macroeconomic conditions, industry trends, desired targets, and evalua-
serta evaluasi kinerja tahun sebelumnya menjadi landasan utama.             tions of previous year’s performance serves as the primary foundation.
Sebagai pihak yang bertanggung jawab penuh atas pengelolaan dan             As the party fully responsible for the management and direction of the
pengurusan Perseroan, Direksi memiliki komitmen yang kuat untuk             Company, the Board of Directors holds a strong commitment to ensur-                Kendala Tahun 2024                                                         Challenges in 2024
memastikan bahwa setiap strategi yang ditetapkan relevan, tepat             ing that every established strategy is relevant, well-targeted, and effective.     Terlepas dari keberhasilan mencatatkan kinerja yang menggembirakan,        Despite achieving positive performance, the company still faced obstacles
sasaran, dan efektif. Selain itu, Direksi juga memastikan eksekusi          Furthermore, the Board of Directors also ensures the proper execution of           Perseroan tetap menghadapi berbagai kendala dan tantangan sepanjang        and challenges throughout the year 2024. Generally, the growth of the
strategi berjalan dengan baik dan melakukan pemantauan secara ber-                                                                                             tahun 2024. Meskipun sektor industri ban secara umum relatif stabil dari   domestic and international tire industry was unaffected by the Covid-19
kala demi tercapainya target-target yang telah ditetapkan.                                                                                                     dampak pandemi Covid-19, invasi Rusia ke Ukraina menimbulkan tantan-       pandemic. However, the Russian invasion of Ukraine had its own impact
                                                                                                                                                               gan tersendiri terkait akses pasar ekspor. Namun, data dari Badan Pusat    on the company regarding the challenge of accessing foreign tire export
Realisasi Kinerja dan Hasil Implementasi Kebijakan Strategis                Performance Achievement and Results of Strategic Policy Implementation             Statistik (BPS) menunjukkan peningkatan produksi sepeda motor di Indo-     markets. Nevertheless, the Central Statistics Agency (BPS) revealed
Memasuki tahun ini, setelah melewati fase pemulihan yang be-                Commencing the current fiscal year after navigating a gradual recovery phase,      nesia pada tahun 2024 dibandingkan tahun sebelumnya, yang member-          the increase in motorcycle production in Indonesia in 2024 compared
rangsur-angsur, terutama pada semester kedua, kita menyaksikan              particularly in the second half, we are witnessing encouraging trends. This pos-   ikan angin segar bagi bisnis Perseroan. Di sisi lain, pemasok bahan baku   to 2023, which provided a positive boost for the company’s business.
tren yang menggembirakan. Momentum positif ini memberikan                   itive momentum offers renewed hope for various sectors, including the inner        karet untuk ban perlu mewaspadai potensi volatilitas harga di tengah ke-   However, there are risks for rubber suppliers for tires, as they need to be
harapan baru bagi berbagai sektor, termasuk industri ban dalam              and outer tire industry. Responding to these conditions, the Board of Directors    terbatasan pasokan, yang dapat berisiko memicu inflasi dan berdampak       cautious in taking steps related to surging prices while facing limited stock,
dan luar. Merespons kondisi ini, Direksi mengambil langkah-lang-            has taken strategic steps and effectively implemented various policies. The suc-   negatif pada pertumbuhan ekonomi nasional.                                 which could have negative effects and potentially result in inflation for
kah strategis dan mengimplementasikan berbagai kebijakan se-                cessful implementation of these strategies is the result of the high dedication                                                                               national economic growth.
cara efektif. Keberhasilan implementasi strategi tersebut adalah            and commitment of the entire Board of Directors, as well as the invaluable
buah dari dedikasi dan komitmen yang tinggi dari seluruh jajaran            contribution of every employee, enabling the Company to record optimal per-
Direksi, serta kontribusi yang tak ternilai dari setiap karyawan, se-       formance.
hingga Perseroan mampu mencatatkan kinerja yang optimal.
                                                                                                                                                               PENERAPAN TATA KELOLA PERUSAHAAN                                           CORPORATE GOVERNANCE IMPLEMENTATION
Dari segi finansial, perusahaan mencatatkan pertumbuhan                     In terms of financial perspective, the company recorded Net Sales growth
Penjualan Bersih sebesar 14,85% menjadi Rp592 miliar di ta-                 of 14.85% to Rp592 billion in 2024, up from Rp515 billion in the previous
                                                                                                                                                               Keberhasilan Perseroan di tahun 2024 tak lepas dari dedikasi dan           The achievements attained by the Company in 2024 were also driven by
hun 2024, naik dari Rp515 miliar di tahun sebelumnya. Selain                year. Additionally, the net profit for the year was recorded at Rp20 billion.
                                                                                                                                                               keterlibatan aktif seluruh elemen perusahaan dalam mengim-                 the commitment and active participation of all members of the Company
itu, laba bersih tahun berjalan tercatat sebesar Rp20 miliar.
                                                                                                                                                               plementasikan praktik terbaik Tata Kelola Perusahaan yang Baik             in implementing the best practices of Good Corporate Governance (GCG).
                                                                                                                                                               (Good Corporate Governance/GCG). Prinsip-prinsip GCG, meliputi             GCG principles, such as transparency, accountability, responsibility,
Sejalan dengan kinerja laba rugi yang positif, posisi keuangan perusahaan                                                                                      transparansi, akuntabilitas, tanggung jawab, independensi, dan ke-         independence, and fairness, serve as crucial foundations for the Company
                                                                            In line with the positive income statement performance, the compa-
juga menunjukkan tren yang menggembirakan. Total Aset melonjak sig-                                                                                            wajaran, menjadi fondasi krusial yang memungkinkan Perseroan               to effectively and efficiently carry out its various business activities.
                                                                            ny’s financial position also showed encouraging trends. Total Assets
nifikan sebesar 21% menjadi Rp562 miliar di tahun 2024, dibandingkan                                                                                           menjalankan seluruh aktivitas bisnisnya secara efektif dan efisien.
                                                                            surged significantly by 21% to Rp562 billion in 2024, compared to
Rp461 miliar pada tahun sebelumnya. Di sisi lain, Jumlah Liabilitas naik    Rp461 billion in the previous year. On the other hand, Total Liabili-
53% menjadi Rp241 miliar dari Rp156 miliar. Peningkatan juga terlihat                                                                                          Sebagai wujud dari komitmen tersebut, Perseroan telah meny-                As a manifestation of this commitment, the Company has formu-
                                                                            ties increased by 53% to Rp241 billion from Rp156 billion. An increase
pada Jumlah Ekuitas yang tumbuh sebesar 5% menjadi Rp321 miliar,                                                                                               usun berbagai kebijakan yang bertujuan untuk menjamin                      lated various policies aimed at ensuring compliance with all ap-
                                                                            was also seen in Total Equity, which grew by 5% to Rp321 billion, up
naik dari Rp304 miliar di tahun 2023. Perkembangan positif pada neraca                                                                                         kepatuhan terhadap seluruh peraturan dan perundang-undan-                  plicable regulations and laws. This step further strengthens the ef-
                                                                            from Rp304 billion in 2023. These positive developments in the bal-
keuangan ini semakin memperkuat potensi pertumbuhan bisnis dan ber-                                                                                            gan yang berlaku. Langkah ini semakin memperkuat implemen-                 fective and appropriate implementation of GCG, thereby making a
                                                                            ance sheet further strengthen the company’s business growth potential
dampak baik pada kinerja finansial Perseroan di tahun 2024.                                                                                                    tasi GCG yang efektif dan tepat, sehingga memberikan kon-                  positive contribution to the Company’s overall business operations.
                                                                            and positively impact the Company’s financial performance in 2024.
                                                                                                                                                               tribusi positif bagi keseluruhan operasional bisnis Perseroan.

Perbandingan Hasil dengan Target                                            Comparison with Targets
                                                                                                                                                               Efektivitas implementasi GCG juga tercermin dari tidak adanya lapo-        The effectiveness of GCG implementation is also reflected in the absence of
Sebagai rangkuman, tahun 2024 menjadi periode yang sukses bagi              Overall, the company successfully achieved the targets set at the beginning
                                                                                                                                                               ran pelanggaran di internal Perseroan sepanjang tahun 2024. Lebih          reported violations within the Company throughout 2024. Furthermore, the
Perseroan dalam merealisasikan target-target yang telah diren-              of the year 2024. Throughout the year, the company maintained its
                                                                                                                                                               lanjut, Perseroan maupun anak perusahaannya terhindar dari mas-            Company and its subsidiaries were free from legal issues and administrative
canakan. Konsistensi operasional dan implementasi strategi yang             consistency in the business operations and implemented strategies
                                                                                                                                                               alah hukum maupun sanksi administratif. Capaian positif ini memoti-        sanctions. This positive achievement motivates the Company to continuously
efektif sepanjang tahun tersebut telah menciptakan landasan bisnis          effectively, resulting in sustainable efforts. The improved performance
                                                                                                                                                               vasi Perseroan untuk terus menyempurnakan pengelolaan dan pener-           improve the management and application of GCG principles in the future.
yang berkelanjutan. Kinerja yang melampaui tahun sebelumnya me-             compared to the previous year indicates significant progress in the
                                                                                                                                                               apan prinsip-prinsip GCG di masa depan.
negaskan adanya peningkatan yang substansial dalam pencapaian               company’s achievements.
Perseroan.




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                                             Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                  Analisis Dan Pembahasan Manajemen                      Tata Kelola Perusahaan                             Laporan Keberlanjutan
                                          Performance Highlights                   Management Report                        Company Profile                    Management Discussion And Analysis                     Corporate Governance                               Sustainability Report




PROSPEK USAHA PERUSAHAAN                                                   COMPANY BUSINESS PROSPECTS

Dalam perjalanannya menjalankan bisnis, Perseroan tidak lu-                The Company has faced various challenges in its business operations,            APRESIASI DAN PENUTUP                                                  APPRECIATION AND CLOSING
put dari berbagai rintangan, termasuk dampak berkepan-                     ranging from the prolonged COVID-19 pandemic to supply chain and
jangan   pandemi   COVID-19,   gangguan  pada   rantai  pa-                logistics hurdles, as well as increased raw material prices. However, the       Mengakhiri laporan ini, kami selaku Direksi menyampaikan rasa teri-    In conclusion, as the Board of Directors, we extend our heartfelt gratitude
sok dan logistik, serta lonjakan harga bahan baku. Namun                   Company has been able to confront and overcome these obstacles and              ma kasih yang sebesar-besarnya kepada seluruh pihak atas kontribusi    to all parties who have contributed wholeheartedly to the success of the
demikian, Perseroan menunjukkan ketangguhan dengan berha-                  challenges during these times.                                                  penuh mereka terhadap keberlangsungan usaha Perseroan, teruta-         Company, particularly during the year 2023. We would also like to express
sil menghadapi dan menaklukkan berbagai tantangan tersebut.                                                                                                ma sepanjang tahun 2024. Apresiasi mendalam juga kami sampaikan        our deepest appreciation to all employees of PT King Tire Indonesia Tbk
                                                                                                                                                           kepada seluruh karyawan PT King Tire Indonesia Tbk atas dedikasi,      for their dedication, hard work, and commitment in achieving remarkable
                                                                                                                                                           kerja keras, dan komitmen yang memungkinkan pencapaian prestasi        accomplishments in 2023.
Keberhasilan ini terwujud berkat langkah proaktif Perseroan dalam          The success is supported by the Company’s efforts in managing the crisis        gemilang di tahun 2024.
menanggulangi pandemi melalui manajemen krisis yang efektif, seh-          and mitigating the impact of the pandemic to ensure the health and safety
ingga kesehatan dan keselamatan seluruh karyawan tetap terjaga. Di         of all employees. Additionally, the Company has implemented various             Ucapan terima kasih juga kami sampaikan kepada Dewan Komisaris         We would also like to express our sincere thanks to the Board of
samping itu, Perseroan juga mengimplementasikan beragam inisiatif          efficiency measures across all elements of the organization to address          atas arahan, panduan, dan nasihat yang berharga bagi kinerja Dewan     Commissioners for their guidance, input, and advice on the performance
efisiensi di seluruh lini organisasi untuk mengatasi kendala yang mun-     obstacles in the supply chain, logistics, and raw materials.                    Direksi dan seluruh insan Perseroan. Penghargaan setinggi-tingginya    of the Board of Commissioners, the members of the Board of Directors,
cul pada rantai pasok, logistik, serta ketersediaan bahan baku.                                                                                            turut kami berikan kepada seluruh pemegang saham dan pemangku          all Company personnel, as well as to all shareholders and stakeholders for
                                                                                                                                                           kepentingan atas dukungan serta kepercayaan yang berkelanjutan         their support and trust in driving the growth of the Company. In conclusion,
Sementara itu, data Badan Pusat Statistik (BPS) mengenai perkemban-        On the other hand, based on the number of motor vehicles by type                dalam memajukan bisnis Perseroan. Mengakhiri laporan ini, Perse-       the Company welcomes the year 2024 with an optimistic and progressive
gan jumlah kendaraan bermotor berdasarkan jenisnya menunjukkan             according to data from the Central Statistics Agency (BPS), the number of       roan menyongsong tahun 2025 dengan optimisme dan tekad untuk           approach, aiming to achieve even greater accomplishments. We are ready
bahwa volume kendaraan bermotor roda dua cenderung menunjuk-               motorcycles has remained relatively stable over the years.                      melampaui pencapaian tahun sebelumnya, siap menghadapi tantan-         to face the new year with utmost motivation and enthusiasm, thanks to
kan stabilitas dari waktu ke waktu.                                                                                                                        gan baru dengan motivasi dan semangat yang diperkuat oleh kesuk-       the abundant achievements obtained in 2023.
                                                                                                                                                           sesan di tahun 2024.
Dengan proyeksi harga bahan baku yang stabil, Perseroan mem-               The prices of raw materials are also expected to remain stable. The
bidik peningkatan kinerja operasional untuk meraih peluang                 Company will continue to optimize and improve its operations, as
dari pertumbuhan permintaan ban di pasar domestik dan inter-               there is a high demand for its inner and outer tires in the domestic and
nasional. Inovasi material yang lebih ramah lingkungan dan de-             export markets. The Company is constantly innovating in terms of
sain ban yang relevan menjadi kunci daya saing Perseroan dalam             environmentally friendly raw materials and tire patterns that align with
memenuhi kebutuhan pelanggan dan pemangku kepentingan.                     the latest developments, in order to meet customer satisfaction and the
                                                                           expectations of other stakeholders.
                                                                                                                                                                                                                 Atas Nama Direksi
                                                                                                                                                                                                           On Behalf of the Board of Directors
Pada tahun 2024, Perseroan mengambil langkah strategis untuk men-          Furthermore, in 2024, the Company is ready to pursue an Initial Public
gakselerasi pertumbuhan nilai bisnis berkelanjutan melalui inisiasi Pen-   Offering (IPO) as a strategic step to achieve added value for its sustainable
awaran Umum Perdana (IPO). Di tengah tren pemulihan industri manu-         business. Despite the manufacturing tire industry not fully recovering, the
faktur ban, Perseroan optimis bahwa implementasi strategi dan inisiatif    Company remains optimistic that its optimal and effective strategies and
yang efektif akan secara signifikan mendorong kemajuan Perseroan.          initiatives will aid its progress.                                                                                       PT. KING TIRE INDONESIA.TBK
                                                                                                                                                                                                                     Jakarta, Juli/July 2023



PERUBAHAN SUSUNAN DIREKSI                                                  CHANGE IN THE BOARD OF DIRECTORS

Selama tahun 2024, tidak ada perubahan susunan Direksi di Perseroan        Throughout the year 2023, there were no changes in the composition of
sesuai Akta No.143 Tahun 2022 tanggal 14 Desember 2022 sehingga            the Board of Directors in the Company, as stated in Deed No. 143 Year
komposisinya adalah sebagai berikut:                                       2022 dated December 14, 2022. The current composition is as follows:


   • Direktur Utama : Harris Muliawan                                                                                                                                                                        HARRIS MULIAWAN
                                                                           • President Director: Harris Muliawan                                                                                                      Direktur Utama
   • Direktur : Ferry Chandra Kusuma
                                                                           • Director: Ferry Chandra Kusuma
   • Direktur : Aneka Warna                                                                                                                                                                                          President Director
                                                                           • Director: Aneka Warna
   • Direktur : Habibullah
                                                                           • Director: Habibullah




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Page 15
                                                                                                      Profil Perusahaan
                                                                                                         COMPANY’S PROFILE




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                                                                                                                                      Analisis Dan Pembahasan Manajemen                             Tata Kelola Perusahaan                            Laporan Keberlanjutan
                                                                                                                                       Management Discussion And Analysis                            Corporate Governance                              Sustainability Report




IDENTITAS PERUSAHAAN                                                                                                                                       RIWAYAT SINGKAT PERUSAHAAN
Corporate Identity
                                                                                                                                                           Company at a Glance




                                                                                                                                    Sebagai perusahaan manufaktur ban terkemuka di Indonesia sejak tahun 1977, PT KING TIRE
                                                                                                                                    INDONESIA TBK (Perseroan) telah menjadi pelopor industri dengan mengandalkan fasilitas
Nama Perusahaan
Company Name
                                                   PT King Tire Indonesia Tbk                                                       produksi ban terintegrasi dan terbesar di Indonesia melalui merek andalannya, Kingland.
Tanggal Pendirian                                  2 Agustus 2010
Date of Establishment                              August 2, 2010

                                                   1. Akta Pendirian Perseroan Terbatas PT King Tire Indonesia No. 1
                                                      tanggal 2 Agustus 2010, dibuat dihadapan Humberg Lie, S.H., S.E.,             PT T KING TIRE INDONESIA TBK (the Company) is a leading tire manufactur-
                                                      M.Kn.,Notaris di Jakarta Utara                                                ing company in Indonesia. Founded in 1977, the Company has become a
                                                   2. Pengesahan dari Menteri Hukum dan Hak Asasi Manusia Republik
                                                                                                                                    pioneer in the tire industry by operating the largest integrated Dear
                                                                                                                                                                                                      tireShareholders
                                                                                                                                                                                                           produc- and Stakeholders,
                                                      Indonesia melalui Surat Keputusan No. AHU-42191.AH.01.01.
                                                      Tahun 2010 tentang Pengesahan Badan Hukum Perseroan tanggal                   tion facility in Indonesia under the well-known Kingland brand.
                                                      26 Agustus 2010 dengan Daftar Perseroan No. AHU-0064343.
                                                      AH.01.09.Tahun 2010 tanggal 26 Agustus 2010
Landasan Hukum Pendirian
Legal Basis of Establishment
                                                   1. The Deed of Establishment of a Limited Liability Company PT King Tire
                                                                                                                                        Berlokasi strategis di Serang, Banten, Kingland memulai                     Located strategically in Serang, Banten, Kingland
                                                      Indonesia No. 1 dated August 2, 2010, was made before Humberg Lie,
                                                                                                                                        transformasi operasionalnya pada tahun 2006 dengan                          embarked on its transformation journey in 2006
                                                      S.H., S.E., M.Kn., a Notary in North Jakarta.
                                                   2. Approval from the Minister of Law and Human Rights of the Republic                membangun pabrik modern seluas lebih dari 30 hektar.                        with the construction of a state-of-the-art factory
                                                      of Indonesia through Decree No. AHU-42191.AH.01.01.Year 2010                                                                                                  spanning over 300,000 m2.
                                                      regarding the Legalization of the Corporation dated August 26, 2010, with
                                                      Company Registration No. AHU-0064343.AH.01.09.Year 2010 dated
                                                                                                                                        Berlandaskan dedikasi pada kualitas, Perseroan                              With a dedication to excellence, the Company
                                                      August 26, 2010.
                                                                                                                                        melakukan investasi besar dalam pengadaan mes-                              made significant investments by acquiring the
Kode Saham
                                                   TYRE                                                                                 in produksi termutakhir sebagai wujud komitmen                              latest production machinery, reaffirming their
Ticker
                                                                                                                                        untuk menghasilkan produk unggul. Selanjutnya,                              commitment to delivering superior products. Two
Bursa Saham                                        Bursa Efek Indonesia
                                                                                                                                        pada tahun 2008, Perseroan secara resmi mem-                                years later, in 2008, the Company commenced its
Stock Exchange                                     Indonesia Stock Exchange
                                                                                                                                        ulai   kegiatan   operasionalnya,    menandai     babak                     operations, marking the beginning of a new era in
Kegiatan Usaha Utama                               Industri Ban Luar dan Ban Dalam
                                                                                                                                        baru dalam industri produksi ban sepeda motor.                              motorcycle tire manufacturing.
Primary Business Activity                          Manufacturing of Outer Tires and Inner Tires

                                                   Rp2.000.000.000 terbagi atas 2.000 saham masing-masing saham
Modal Dasar                                        dengan nilai nominal Rp1.000.000
                                                                                                                                        Dengan semangat inovasi yang berkelanjutan, Per-                            Driven by an unwavering spirit of innovation, the
Authorized Capital                                 Rp2,000,000,000 is divided into 2,000 shares, with each share having
                                                   a nominal value of Rp1,000,000                                                       seroan mencapai terobosan signifikan pada tahun                             Company introduced a revolutionary development
                                                                                                                                        2013 melalui peluncuran produk revolusioner: Ban                            in 2013 with the introduction of Pneumatic
Jumlah Karyawan
                                                   1.026 orang/people                                                                                                                                               Motorcycle Tires using Radial Tire technology.
Number of Employee                                                                                                                      Motor Pneumatik dengan teknologi Radial. Diciptakan
                                                                                                                                        melalui perpaduan presisi teknik dan formulasi kom-                         Meticulously   crafted    through    a   combination
Alamat Kantor Pusat                                Jl. Raya Serang KM. 68, Desa Nambo Ilir, Kecamatan Kibin, Kabupaten
Head Office Address                                Serang, Banten 42185                                                                 ponen inovatif, ban ini menetapkan tolok ukur baru                          of advanced engineering and groundbreaking
                                                                                                                                        dalam hal kinerja dan keandalan.                                            component formulas, these tires set new standards
Telepon
                                                   +62-254 402675                                                                                                                                                   in performance and reliability.
Phone Number

Faksimile
                                                   +62-254 400268
Facsimile
                                                                                                                                        Pada tahun 2024, Perseroan siap mentransformasi                             In 2024, the Company is poised to transform
Surel
                                                   corsec@kingland.co.id                                                                pasar ban motor dan memperkokoh posisinya sebagai                           the motorcycle tire landscape and strengthen
Email
                                                                                                                                        merek inovatif dan terpercaya di Indonesia serta man-                       its reputation as a trusted and innovative brand
Situs Web
                                                   www.kingland.co.id                                                                   canegara melalui pencatatan saham perdana atau Ini-                         in Indonesia and beyond. It will achieve this by
Website
                                                                                                                                        tial Public Offering (IPO) di Bursa Efek Indonesia (BEI).                   officially listing its Initial Public Offering (IPO) on
                                                                                                                                                                                                                    the Indonesia Stock Exchange (BEI), solidifying its
                                                                                                                                                                                                                    position as a market leader.




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                                   Ikhtisar Kinerja                        Laporan Manajemen                     Profil Perusahaan    Analisis Dan Pembahasan Manajemen       Tata Kelola Perusahaan                   Laporan Keberlanjutan
                                Performance Highlights                      Management Report                     Company Profile      Management Discussion And Analysis      Corporate Governance                     Sustainability Report




                                        JEJAK LANGKAH
                                        Milestones                                                                                   VISI & MISI
                                                                                                                                     Vision & Mission
                 2024
      Peluncuran ban baru, Program CSR

                                                                         2023                                                        VISI Vision
      & support Go Green
      Launch of new tires, CSR & Go Green Program

                                                              Peluncuran ban baru, Program CSR
                                                              & support Go Green
                                                              Launch of new tires, CSR & Go Green Program                            Menjadi pemain aktif dalam industri ban luar dan ban dalam dengan mem-
                                                                                                                                     berikan nilai-nilai tambah untuk kehidupan manusia melalui dedikasi yang
                                                                                                                                     tinggi.
                                                                                                                                     Become an active player in the outer and inner tire industry, providing added val-
                                                                                      2021                                           ue to human life through high dedication.
                                                                  Perseroan meningkatkan total kapasitas produksi
                                                                  mencapai 3 Juta pieces per tahun
                                                                  The company has increased its total production capacity to
                                                                  reach 3 million pieces per year.




                                                          2019
                                                                                                                                        MISI Mission
                                Perseroan mulai memproduksi Ban Racing
                                The company started producing Racing Tires                                                                  • Memasok produk-produk dan jasa-jasa yang           • Supplying the best products and services
                                                                                                                                            terbaik melalui dedikasi kami yang tinggi.           through our high dedication.

                                                                                                                                            • Memberikan solusi-solusi untuk pelanggan           • Providing solutions for our customers and
                             2017                                                                                                           kami serta merespon dengan cepat dan                 responding quickly and effectively to their
      Perseroan memperoleh Sertifikat E4                                                                                                    efektif terhadap masalah-masalah unik                unique problems.
      The company obtained E4 certification                                                                                                 pelanggan.
                                                                           2015
                                                                          Perseroan melakukan ekspor pertama kali ke                        • Merancang pabrik serta mendistribusikan            • Designing factories and distributing products
                                                                          Malaysia
                                                                                                                                            produk-produk dengan kualitas terbaik                with the highest quality and added value to
                                                                          The company made its first export to Malaysia
                                                                                                                                            dan memiliki nilai lebih untuk memuaskan             satisfy customers.
                                                                                                                                            pelanggan.
                                  2014
                                  Perseroan mulai memproduksi Ban Tubeless                                                                  • Berkomitmen untuk melakukan peningkatan            • Committed to continuous improvement in
                                  The company started producing Tubeless Tires
                                                                                                                                            terus menerus dalam upaya untuk                      order to meet customer expectations.
                                                                                                                                            memenuhi harapan-harapan pelanggan.

                                                                                                                                            • Mengintegrasikan antara lingkungan yang            • Integrating environmental considerations
                                2013                                                                                                        baik dengan kesehatan dan keselamatan                with health and safety at work.
                                Perseroan memulai penjualan pertamanya                                                                      kerja.
                                dan ISO pertama kali
                                The company started its first sales and obtained
                                its first ISO certification
                                                                                                                                            • Senantiasa berusaha untuk meminimalkan             • Continuously striving to minimize workplace
                                                                                                                                            angka kecelakaan kerja, serta mengurangi             accidents and reduce waste and emissio
                                                                           2010                                                             limbah dan emisi-emisi.
                                                                           Perseroan didirikan
                                                                           The company established




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                                    Ikhtisar Kinerja      Laporan Manajemen                Profil Perusahaan    Analisis Dan Pembahasan Manajemen     Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                 Performance Highlights    Management Report                Company Profile      Management Discussion And Analysis    Corporate Governance                    Sustainability Report




  NILAI PERUSAHAAN                                                                                             KEGIATAN USAHA
  Company’s Culture                                                                                            Business Activities




                                                                                                                                                                Berdasarkan Anggaran Dasar
Selalu memegang teguh komitmen, yaitu untuk mempertahankan dan
                                                                                                                                                                Perseroan, kegiatan usaha utama
meningkatkan mutu produk dengan mengikuti aturan dari lembaga-lembaga
                                                                                                                                                                Perseroan adalah industri ban luar
sertifikasi ban yang ada di Indonesia dan Internasional serta memuaskan
                                                                                                                                                                dan ban dalam serta industri barang
pelanggan dengan menciptakan produk yang terjamin, aman, dan kompetitif.
                                                                                                                                                                dari karet untuk keperluan industri.

We always adhere to our commitment to maintain and enhance product quality                                                                                       According to the Articles of
by complying with the regulations of certification institutions for tires in Indonesia                                                                           Association of the Company, the
and internationally. We strive to satisfy customers by creating products that are                                                                                primary business activities of the
guaranteed, safe, and competitive.                                                                                                                               Company are in the manufacturing of
                                                                                                                                                                 outer and inner tires as well as rubber
                                                                                                                                                                 goods for industrial purposes.

  WILAYAH OPERASIONAL
  Business Area




                                                                                                                                                                         1. Sumatra Utara/North Sumatra
                                                                                                                                                                         2. Riau/Riau
                                                                                                                                                                         3. Sumatra Barat/West Sumatra
                                                                                                                                                                         4. Jambi/Jambi
                                                                                                                                                                         5. Sumatra Selatan/South Sumatra
                                                                                                                                                                         6. Jambi/Jambi
                                                                                                                                                                         7. Banten/Banten
                                                                                                                                                                         8. Jakarta/Jakarta
                                                                                                                                                                         9. Jawa Barat/West Java
                                                                                                                                                                         10. Jawa Tengah/Central Java
                                                                                                                                                                         11. Jawa Timur/East Java
                                                                                                                                                                         12. Kepulauan Riau/Riau Islands
                                                                                                                                                                         13. Kalimantan Barat/West Kalimantan
                                                                                                                                                                         14. Kalimantan Selatan/South Kalimantan
                                                                                                                                                                         15. Kalimantan Timur/East Kalimantan
                                                                                                                                                                         16. Sulawesi Tengah/Central Sulawesi
                                                                                                                                                                         17. Sulawesi Selatan/South Sulawesi
                                                                                                                                                                         18. Sulawesi Utara/North Sulawesi




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                                           Ikhtisar Kinerja                   Laporan Manajemen                      Profil Perusahaan            Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                           Laporan Keberlanjutan
                                        Performance Highlights                 Management Report                      Company Profile              Management Discussion And Analysis                   Corporate Governance                             Sustainability Report




STRUKTUR ORGANISASI
Organization Structure



                                                             Dewan Komisaris
                                                          Board of Commissioners



                Komite Remunerasi dan Nominasi                                                    Komite Audit
             Remuneration and Nomination Committee                                               Audit Committee




          Sekretaris Perusahaan
                                                              Direktur Utama                                    Audit Internal
           Corporate Secretary
                                                             President director                                 Internal Audit




               Direktur Keuangan                                                                  Direktur Operasional                                                                                                             Direktur Pemasaran
               Director of Finance                                                                Director of Operations                                                                                                           Marketing Director




                Akuntansi Keuangan                                                                   Kepala Pabrik                                                                                                                 Manajer Pemasaran
                Financial Accounting                                                               Head of the factory                                                                                                             Marketing Manager




                                                                                                                                                                                                       Staf Pemasaran                  Divisi Ekspor               Administrasi Pemasaran
                                                                                                                                                                                                       Marketing Staff                Export Division              Marketing Administration




    Staf Keuangan                   Staf Administrasi            Manager Technical & R&D                                   Divisi Produksi                                                                                  Divisi Purchasing
 Financial Accounting              Administrative staff          Manager Technical & R&D                                 Production Division                                                                               Purchasing Division




                                   Kabag. Laboratorium               Kabag. Technical                Kabag. R&D                                                                             Pengadaan Bahan Baku          Pengadaan Mesin &                      Divisi Impor
                                  Head of Laboratoriumt              Head of Technical               Head of R&D                                                                          Raw Materials Procurement           Sparepart                        Import Division



                                                                                                     Kabag. Produksi
                                                                                                    Head of Production



                                                                                               Staf Administrasi Produksi
                                                                                              Product Administration Staff




                                                                                         Perencanaan Produksi                                                                   Divisi Engineering
                                                                                          Production Planning                                                                  Engineering Divisiont




                                                      Kabag. PPIC dan Gudang              Kabag. Finishing               Kabag. Gudang Jadi       Kabag. Maintenance          Workshop Kalibrasi              Staf Engineering
                                                    Head of PPIC and Warehouse            Head of Finishing          Head of Finished Warehouse   Head of Maintenance        Calibaration Workshop            Engineering Staff




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                                          Ikhtisar Kinerja                           Laporan Manajemen                         Profil Perusahaan              Analisis Dan Pembahasan Manajemen                             Tata Kelola Perusahaan                                 Laporan Keberlanjutan
                                       Performance Highlights                         Management Report                         Company Profile                Management Discussion And Analysis                            Corporate Governance                                   Sustainability Report




KOMPOSISI DEWAN KOMISARIS TAHUN 2024
Composition of the Board of Commissioners in 2024
                 Nama                          Jabatan                          Dasar Hukum Pengangkatan                             Periode Jabatan
                 Name                          Position                         Legal Basis of Appointment                           Term of Officet

                                   Komisaris Utama                 Akta No.143 Tahun 2022 tanggal 14 Desember 2022
Indra Muliawan                                                                                                                        2022–2027
                                   President Commissioner          Deed No.143 dated December 14, 2022
                                  Komisaris                        Akta No.143 Tahun 2022 tanggal 14 Desember 2022
Hardy Setiawan                                                                                                                        2022–2027
                                  Commissioner                     Deed No.143 dated December 14, 2022
                                  Komisaris Independen             Akta No.143 Tahun 2022 tanggal 14 Desember 2022
Indra Muliawan                                                     Deed No.143 dated December 14, 2022                                2022–2027
                                  Independent Commission-




                                                                                                                                                                                        Hardi Muliawan
                                                             PROFIL DEWAN KOMISARIS                                                                                                     Komisaris
                                                             Profile of the Board of Commissioners                                                                                      Commissioner



                                                                                                                                                            Kewarganegaraan
                                                                                                                                                                                                 Indonesia
                                                                                                                                                            Nationality

                                                                                                                                                            Umur                                 44 tahun

                                                                                   Indra Muliawan                                                           Age                                  44 years old

                                                                                                                                                            Domisili                             Palembang
                                                                                   Komisaris Utama                                                          Domicile

                                                                                   President Commissioner                                                   Latar Belakang Pendidikan           Sarjana Chemical Engineering dari University of Minnesota (2001)
                                                                                                                                                            Education Background                Bachelor of Chemical Engineering at University of Minnesota (2001

                                                                                                                                                                                                 • 2011–sekarang                                           2011–present
                                                                                                                                                                                                 Direktur di PT King Tire Indonesia Tbk                    Director at PT King Tire Indonesia Tbk
                                                                                                                                                                                                 • 2003–sekarang                                           • 2003–present
 Kewarganegaraan                                                                                                                                                                                 Direktur di PT Sumatera Asia Mandiri                      Director at PT Sumatera Asia Mandiri
                                   Indonesia
 Nationality                                                                                                                                                                                     • 2003–sekarang                                           • 2003–present
                                   81 tahun                                                                                                                 Pengalaman Kerja                     Direktur di PT Indralaya Agro Lestari                     Director at PT Indralaya Agro Lestari
 Umur
 Age                                                                                                                                                                                             • 2003–sekarang                                           • 2003–present
                                   81 years old                                                                                                             Career History
                                                                                                                                                                                                 Direktur di PT Lingga Djaja                               Director at PT Lingga Djaja
 Domisili                                                                                                                                                                                        • 2001–2003                                               • 2001–2003
                                   Palembang
 Domicile                                                                                                                                                                                        Divisi Oil Lubricant di Exxon Mobil Pte Ltd,              Oil Lubricant Division at Exxon Mobil Pte Ltd, Middle
                                                                                                                                                                                                 Middle East and Asia Schlumberger Information             East and Asia Schlumberger Information Solutions
 Latar Belakang Pendidikan        Diploma Business Management (1969)                                                                                                                             Solutions
 Education Background

                                   • 2011–sekarang                                           • 2011–present
                                                                                                                                                            Dasar Hukum Pengangkatan         Akta No.143 tanggal 14 Desember 2022
                                   Komisaris Utama di PT King Tire Indonesia Tbk             President Commissioner at PT King Tire Indonesia Tbk           Legal Basis of Appointment       Deed No.143 dated December 14, 2022
                                   • 1977– sekarang                                          • 1977– present
                                   Komisaris di PT United Kingland                           Commissioner at PT United Kingland                                                              Komisaris Utama di PT King Tire Indonesia Tbk, Komisaris Utama di PT United Kingland, Komisaris Utama di PT Sritrang
                                   • 2005– sekarang                                          • 2005– present                                                Rangkap Jabatan                  Lingga Indonesia, Komisaris di PT Indralaya Agro Lestari, serta Direktur di PT Lingga Djaja.
                                   Komisaris Utama di PT Sritrang Lingga Indonesia           President Commissioner at PT Sritrang Lingga Indonesia         Concurrent Position              The President Commissioner at PT King Tire Indonesia Tbk, President Commissioner at PT United Kingland, President
Pengalaman Kerja                   • 2004– sekarang                                          • 2004– present                                                                                 Commissioner at PT Sritrang Lingga Indonesia, Commissioner at PT Indralaya Agro Lestari, and Director at PT Lingga Djaja.
Career History                     Komisaris di PT Indralaya Agro Lestari                    Commissoner at PT Indralaya Agro Lestari
                                   • 1967–sekarang                                           • 1967–present                                                                                  Memiliki hubungan afiliasi dengan anggota Direksi, anggota Dewan Komisaris, serta Pemegang Saham Utama dan
                                                                                                                                                            Hubungan Afiliasi
                                   Direktur di PT Lingga Djaja                               Director at PT Lingga Djaja                                                                     Pengendali.
                                                                                                                                                            Afiliation
                                   • 1966–1982                                               • 1966–1982                                                                                     Has an affiliation with the Board of Directors, the Board of Commissioners, as well as Major and Controlling Shareholders.
                                   Direktur di CV Indra Djaya                                Director at CV Indra Djaya
                                   • 1966 –1968                                              • 1966–1968
                                                                                             Director at CV Sukadana
Dasar Hukum Pengangkatan       Akta No.143 tanggal 14 Desember 2022
Legal Basis of Appointment     Deed No.143 dated December 14, 2022

                               Komisaris Utama di PT King Tire Indonesia Tbk, Komisaris Utama di PT United Kingland, Komisaris Utama di PT Sritrang
Rangkap Jabatan                Lingga Indonesia, Komisaris di PT Indralaya Agro Lestari, serta Direktur di PT Lingga Djaja.
Concurrent Position            The President Commissioner at PT King Tire Indonesia Tbk, President Commissioner at PT United Kingland, President
                               Commissioner at PT Sritrang Lingga Indonesia, Commissioner at PT Indralaya Agro Lestari, and Director at PT Lingga Djaja.

                               Memiliki hubungan afiliasi dengan anggota Direksi, anggota Dewan Komisaris, serta Pemegang Saham Utama dan
Hubungan Afiliasi              Pengendali.
Afiliation                     Has an affiliation with the Board of Directors, the Board of Commissioners, as well as Major and Controlling Shareholders.




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                                         Ikhtisar Kinerja                         Laporan Manajemen                         Profil Perusahaan          Analisis Dan Pembahasan Manajemen                            Tata Kelola Perusahaan                                Laporan Keberlanjutan
                                      Performance Highlights                       Management Report                         Company Profile            Management Discussion And Analysis                           Corporate Governance                                  Sustainability Report




                                                                                                                                                     KOMPOSISI DIREKSI TAHUN 2022
                                                                                                                                                     Composition of the Board of Director in 2022
                                                                                                                                                                       Nama                           Jabatan                      Dasar Hukum Pengangkatan                              Periode Jabatan
                                                                                                                                                                       Name                           Position                     Legal Basis of Appointment                            Term of Officet

                                                                                                                                                                                       Direktur Utama                   Akta No.143 Tahun 2022 tanggal 14 Desember 2022
                                                                                                                                                     Harris Muliawan                                                                                                                      2022–2027
                                                                                                                                                                                       President Director               Deed No.143 dated December 14, 2022
                                                                                                                                                                                       Direktur                         Akta No.143 Tahun 2022 tanggal 14 Desember 2022
                                                                                                                                                     Ferry Chandra Kusuma                                                                                                                 2022–2027
                                                                                                                                                                                       Director                         Deed No.143 dated December 14, 2022
                                                                                                                                                                                       Direktur                         Akta No.143 Tahun 2022 tanggal 14 Desember 2022
                                                                                                                                                     Aneka Warna                                                        Deed No.143 dated December 14, 2022                               2022–2027
                                                                                                                                                                                       Director

                                                                                                                                                                                       Direktur                         Akta No.143 Tahun 2022 tanggal 14 Desember 2022
                                                                                                                                                     Habibullah                                                         Deed No.143 dated December 14, 2022                               2022–2027
                                                                                                                                                                                       Director



                                                                                  Danny Setiawan
                                                                                  Komisaris Independen
                                                                                  Independen Commissioner
                                                                                                                                                                                       PROFIL DIREKSI
                                                                                                                                                                                       Profile of the Board of Director

Kewarganegaraan
                                 Indonesia
Nationality

Umur                              36 tahun
Age                               36 years old

Domisili                          Jakarta
Domicile

Latar Belakang Pendidikan
                                                                                                                                                                                   Harris Muliawan
                                 Sarjana di bidang Keuangan dari Universitas Bina Nusantara (2001)
Education Background             Bachelor’s degree in Finance from Bina Nusantara University (2001                                                                                 Direktur Utama
                                 • 2022–sekarang
                                 Komisaris Independen di PT King Tire Indonesia
                                                                                           • 2022–present
                                                                                           Independent Commissioner at PT King Tire Indonesia
                                                                                                                                                                                   President Director
                                 Tbk                                                       Tbk
                                 • 2018–sekarang                                           • 2018–present
                                 CEO di PT Sentra Solusi Sejahtera (Trusvation)            CEO at PT Sentra Solusi Sejahtera (Trusvation)
                                 • 2016–2018                                               • 2016–2018
Pengalaman Kerja                 Finance Manager di PT Supra Pritama Nusantara             Finance Manager at PT Supra Pritama Nusantara              Kewarganegaraan
Career History                   • 2013–2016                                               • 2013–2016                                                Nationality                          Indonesia
                                 Finance Manager di PT Lotte Mart Indonesia                Finance Manager at PT Lotte Mart Indonesia
                                 • 2013                                                    • 2013                                                     Umur                                 48 tahun
                                 Auditor di Deloitte Indonesia                             Auditor at Deloitte Indonesia                              Age                                  48 years old
                                 • 2009–2013                                               • 2009–2013
                                 Manager Audit di KPMG Indonesia                           Audit Manager at KPMG Indonesia                            Domisili                             Jakarta
                                                                                                                                                      Domicile

Dasar Hukum Pengangkatan      Akta No.143 tanggal 14 Desember 2022                                                                                    Latar Belakang Pendidikan         Sarjana di bidang Keuangan dari Michigan State University (1995)
Legal Basis of Appointment    Deed No.143 dated December 14, 2022                                                                                     Education Background              Bachelor of Finance, Michigan State University (1995)

                                                                                                                                                                                           • 2020–sekarang                                        • 2020–present
Rangkap Jabatan               Komisaris Independen di PT King Tire Indonesia Tbk dan CEO di PT Sentra Solusi Sejahtera (Trusvation).                                                       Komisaris Utama PT Sumber Global Energy Tbk            President Commissioner at PT Sumber Global Energy Tbk
Concurrent Position           Independent Commissioner at PT King Tire Indonesia Tbk and CEO at PT Sentra Solusi Sejahtera (Trusvation).                                                   • 2011–sekarang                                        • 2011–present
                                                                                                                                                                                           Direktur Utama di PT King Tire Indonesia Tbk           President Director at PT King Tire Indonesia Tbk
                                                                                                                                                      Pengalaman Kerja
                                                                                                                                                                                           • 1999–sekarang                                        • 1999–present
                              Tidak memiliki hubungan afiliasi dengan anggota Direksi, anggota Dewan Komisaris dan Pemegang Saham lain.               Career History                       Direktur PT United Kingland                            Director at PT United Kingland
Hubungan Afiliasi
                              Has no an affiliation with the member of the Board of Directors, the member of the Board of Commissioners, and Other                                         • 1996–1999                                            • 1996–1999
Afiliation
                              Shareholders.                                                                                                                                                Manager Sales Export untuk Europe Market               Manager Sales Export for Europe Market
                                                                                                                                                                                           PT Gajah Tunggal Tbk                                   PT Gajah Tunggal Tbk
                                                                                                                                                      Dasar Hukum Pengangkatan       Akta No.143 tanggal 14 Desember 2022
                                                                                                                                                      Legal Basis of Appointment     Deed No.143 dated December 14, 2022

                                                                                                                                                      Rangkap Jabatan               Sebagai Komisaris Utama PT Sumber Global Energy Tbk dan Direktur Utama PT United Kingland.
                                                                                                                                                      Concurrent Position           As President Commissioner at PT Sumber Global Energy Tbk and President Director at PT United Kingland.

                                                                                                                                                      Hubungan Afiliasi             Memiliki hubungan afiliasi dengan anggota Direksi, anggota Dewan Komisaris, serta Pemegang Saham Utama dan
                                                                                                                                                      Afiliation                    Pengendali.
                                                                                                                                                                                    Has an affiliation with the Board of Directors, the Board of Commissioners, as well as Major and Controlling Shareholders.




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                                           Ikhtisar Kinerja                        Laporan Manajemen                         Profil Perusahaan           Analisis Dan Pembahasan Manajemen                          Tata Kelola Perusahaan                                Laporan Keberlanjutan
                                        Performance Highlights                      Management Report                         Company Profile             Management Discussion And Analysis                         Corporate Governance                                  Sustainability Report




                                                                                Ferry Chandra Kusuma                                                                                                 Aneka Warna
                                                                                Direktur                                                                                                             Direktur
                                                                                Director                                                                                                             Director



Kewarganegaraan                                                                                                                                        Kewarganegaraan
                             Indonesia                                                                                                                                               Indonesia
Nationality                                                                                                                                            Nationality

                             49 tahun                                                                                                                  Umur                          53 tahun
Umur
Age                                                                                                                                                    Age                           53 years old
                             49 years old

Domisili                                                                                                                                               Domisili                      Jakarta
                              Jakarta                                                                                                                  Domicile
Domicile

Latar Belakang Pendidikan    Sarjana Teknik Perminyakan dari Universitas Trisakti (1998)                                                               Latar Belakang Pendidikan         Akuntasi Dasar Satu, Sekretaris serta Administrasi Perkantoran dari Adias Sindo Couse (1991)
Education Background         Bachelor of Petroleum Engineering from Trisakti University (1998).                                                        Education Background              Basic Accounting One, Secretary, and Office Administration from Adias Sindo Course (1991).

                                  • 2010–sekarang                                           • 2022–present                                                                               • 2022–sekarang                                           • 2022–present
                                                                                                                                                       Pengalaman Kerja                  Direktur di PT King Tire Indonesia Tbk                    Director at PT King Tire Indonesia Tbk
                                  Direktur di PT King Tire Indonesia Tbk                    Direktur at PT King Tire Indonesia Tbk
Pengalaman Kerja                                                                                                                                       Career History                    • 1991–2022                                               • 1991–2022
                                  • 2000–2010                                               • 2000 – 2010
Career History                    Account Executive di PT Lautan Luas Tbk                   Account Executive at PT Lautan Luas Tbk                                                      Manajer Operasional di PT United Kinglandt                Operations Manager at PT United Kingland
                                  • 1998–2000                                               • 1998 – 2000                                              Dasar Hukum Pengangkatan      Akta No.143 tanggal 14 Desember 2022
                                  Sales Executive di PT Grand Multi Chemicalt               Sales Executive at PT Grand Multi Chemical                 Legal Basis of Appointment    Deed No.143 dated December 14, 2022

Dasar Hukum Pengangkatan      Akta No.143 tanggal 14 Desember 2022                                                                                     Rangkap Jabatan               Tidak merangkap jabatan.
Legal Basis of Appointment    Deed No.143 dated December 14, 2022                                                                                      Concurrent Position           Has no concurrent position.
Rangkap Jabatan               Tidak merangkap jabatan.                                                                                                                               Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi, serta Pemegang Saham Utama dan
Concurrent Position           Has no concurrent position.                                                                                              Hubungan Afiliasi             Pengendali.
                                                                                                                                                       Afiliation                    Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, as well as Major and
                              Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi, serta Pemegang Saham Utama dan                                       Controlling Shareholders
Hubungan Afiliasi             Pengendali.
Afiliation                    Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, as well as Major and
                              Controlling Shareholders




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Page 23
                                           Ikhtisar Kinerja                       Laporan Manajemen                        Profil Perusahaan             Analisis Dan Pembahasan Manajemen                          Tata Kelola Perusahaan                          Laporan Keberlanjutan
                                        Performance Highlights                     Management Report                        Company Profile               Management Discussion And Analysis                         Corporate Governance                            Sustainability Report




                                                                                                                                                       SUMBER DAYA MANUSIA
                                                                                                                                                       Human Resources

                                                                                                                                                       Sumber Daya Manusia (SDM) merupakan bagian dari aset penting            Human Resources is part of an important asset that helps the Company
                                                                                                                                                       yang turut mendukung Perusahaan dalam mencapai tujuan serta             achieve its goals and achieve better business development. Therefore, the
                                                                                                                                                       meraih perkembangan bisnis yang semakin baik. Oleh karena itu,          Company is committed to focusing on the management and development
                                                                                                                                                       Perusahaan berkomitmen untuk senantiasa fokus pada pengelolaan          of human resources so that the role of Human Resource in the Company
                                                                                                                                                       dan pengembangan SDM sehingga peran SDM di dalam Perusahaan             is able to realized properly and help the Company provide the best service
                                                                                                                                                       dapat terealisasi dengan baik sekaligus membantu Perusahaan             performance for all its customers.
                                                                                                                                                       menghadirkan kinerja layanan terbaik bagi seluruh pelanggannya.

                                                                                      Habibullah                                                       Hingga 31 Desember 2024, terdapat 1.090 karyawan yang                   As of December 31, 2024, there are 1.026 employees who support the

                                                                                      Direktur                                                         mendukung kinerja bisnis Perusahaan dengan rincian komposisi            Company’s business performance with a breakdown of composition based
                                                                                                                                                       berdasarkan usia, jenis kelamin, tingkat pendidikan, jenjang jabatan,   on age, gender, educational level, position level, and employment status
                                                                                      Director
                                                                                                                                                       dan status kepegawaian sebagai berikut:                                 as follows:




Kewarganegaraan
                             Indonesia                                                                                                                     Komposisi Karyawan Berdasarkan Kelompok Usia                             Komposisi Karyawan Berdasarkan Tingkat Pendidikan
Nationality
                                                                                                                                                           Employees Composition by Age Group                                       Employees Composition by Education Level
Umur                         48 tahun
Age                          48 years old
                                                                                                                                                                       Uraian                                                                  Uraian
Domisili                                                                                                                                                                                           2024            2023                                                       2024            2023
                              Jakarta                                                                                                                                Description                                                             Description
Domicile
                                                                                                                                                        >50 Tahun | Years Old                       26             30           S2/S1 | Bachelor Degree/Master Degree         42              35
Latar Belakang Pendidikan    STIE “YKP” Yogyakarta (1997)
Education Background                                                                                                                                    41 – 50 Tahun | Years Old                   97             90           Diploma                                       10              10
                                  • 2022–sekarang                                          • 2022–present                                               31 – 40 Tahun | Years Old                  389            356           SMA atau Sederajat | High School             1.038            996
                                  Direktur di PT King Tire Indonesia Tbk                   Director at PT King Tire Indonesia Tbk
Pengalaman Kerja                                                                                                                                        <30 Tahun | Years Old                      578            565           or Equivalent
                                  • 2015–2022                                              • 2015–2022
Career History                    Accounting Tax Manager di PT King Tire Indonesia         Accounting Tax Manager at PT King Tire Indonesia             Jumlah/Total                              1.090          1.041          Jumlah/Total                                 1.090           1.041
                                  Tbk.                                                     Tbk.
                                  • 2013–2015                                              • 2013–2015
                                  Finance & Accounting Tax Manager di                      Finance & Accounting Tax Manager at
                                  PT Kemakmuran Perkasa                                    PT Kemakmuran Perkasa
                                  • 1999–2012                                              • 1999–2012
                                                                                           Tax Manager at PT United Kingland

Dasar Hukum Pengangkatan      Akta No.143 tanggal 14 Desember 2022                                                                                         Komposisi Karyawan Berdasarkan Jenjang Jabatan                           Komposisi Karyawan Berdasarkan Status Kepegawaian
Legal Basis of Appointment    Deed No.143 dated December 14, 2022                                                                                          Employees Composition by Position                                        Employees Composition by Employment Status

Rangkap Jabatan               Tidak merangkap jabatan.
Concurrent Position           Has no concurrent position.                                                                                                              Uraian                                                                  Uraian
                                                                                                                                                                                                   2024            2023                                                       2024            2022
                                                                                                                                                                     Description                                                             Description
                              Tidak memiliki hubungan afiliasi dengan anggota Dewan Komisaris, anggota Direksi, serta Pemegang Saham Utama dan
Hubungan Afiliasi             Pengendali.                                                                                                               Direktur | Director                         3              3            Tetap | Permanent                            121              178
Afiliation                    Has no affiliation with members of the Board of Commissioners, members of the Board of Directors, as well as Major and
                              Controlling Shareholders                                                                                                  General Manager                             1                           Kontrak | Contract                           969              848
                                                                                                                                                        Manager                                     12             12           Jumlah/Total                                 1.090           1.026
                                                                                                                                                        Supervisor                                 220            245

                                                                                                                                                        Staff                                      833            771

                                                                                                                                                        Non Staff                                   21             10

                                                                                                                                                        Jumlah/Total                              1.090          1.041




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                                              Ikhtisar Kinerja                 Laporan Manajemen                      Profil Perusahaan           Analisis Dan Pembahasan Manajemen           Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                           Performance Highlights               Management Report                      Company Profile             Management Discussion And Analysis          Corporate Governance                   Sustainability Report




KOMPOSISI PEMEGANG SAHAM                                                                                                                         STRUKTUR PEMEGANG SAHAM
Shareholders Composition                                                                                                                         Shareholders Structure


Komposisi Pemegang Saham per 31 Desember 2024
Shareholders Composition as per December 31, 2024

                                                                                                                              Persentase
                                                                                                                              Kepemilikan
 No                         Pemegang Saham                          Jumlah Kepemilikan Saham       Nominal Rupiah               (Persen)                           INDRA MULIAWAN                  HARDI MULIAWAN                        HARRIS MULIAWAN
                              Shareholders                            Total Share Ownership       Nominal in Rupiah            Ownership
                                                                                                                          Percentage (Percent)
                                                                                                                                                                                 61,35%                   0,07%                         38,58%
  1.           PT Kingland Investindo Nusantara                            1.100.000.000          55.000.000.000                31,62%
  2.           Harris Muliawan                                             1.121.180.000          56.059.000.000                32,24%
  3.           Indra Muliawan                                              554.340.000            27.717.000.000                15,94%
  4.           Hardi Muliawan                                              2.500.000              125.000.000                   0,07%                                                        PT KINGLAND INVESTINDO
  5.           Masyarakat                                                  700.029.252            35.000.445.000                20,13 %
                                                                                                                                                                                                   NUSANTARA
               Jumlah/ Total                                               2.778.020.000          138.901.000.000               100,00%
                                                                                                                                                  0,09%                 19,95%                           39,60%                                  40,36%




                                                                                                                                                                                             PT KING TIRE INDONESIA


Komposisi Pemegang Saham per 31 Desember 2024
                                                                                                                                                                                                         82,69%
Shareholders Composition as per December 31, 2024
                                                                                                                                                                                    14,61%                                            2,70%
                                                                            Jumlah Kepemilikan Saham
           Nama                                     Jabatan                      (Lembar Saham)             Persentase Kepemilikan (Persen)
           Name                                     Position                Jumlah Kepemilikan Saham        Ownership Percentage (Percent)
                                                                              Total Share Ownership

  Indra Muliawan                        Komisaris Utama                554.340.000                               15,94%                                                                       PT UNITED KINGLAND
                                        President Commissioner

  Hardi Muliawan                        Komisaris                      2.500.000                                 0,017%
                                        Commissioner

                                        Komisaris Independen
  Danny Setiawan                                                       -                                         -
                                        Independen Commissioner

                                        Direktur Utama
  Harris Muliawan                       President Director             1.121.180.000                             32,24%

                                        Direktur
  Ferry Chandra Kusuma                  Director                       10.500                                    0%

                                        Direktur
  Aneka Warna                           Director                       -                                         -

                                        Direktur
  Habibullah                            Director                       -                                         -




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Page 25
                                             Ikhtisar Kinerja                     Laporan Manajemen                         Profil Perusahaan               Analisis Dan Pembahasan Manajemen                                Tata Kelola Perusahaan                              Laporan Keberlanjutan
                                          Performance Highlights                   Management Report                         Company Profile                 Management Discussion And Analysis                               Corporate Governance                                Sustainability Report




ENTITAS ANAK DAN ENTITAS ASOSIASI                                                                                                                         KRONOLOGI PENCATATAN EFEK LAINNYA
Subsidiaries and Associate Entities                                                                                                                       Chronological Listing of Other Securities


                                                                                                                                                          Selama tahun 2022, Perseroan belum mencatatkan saham di Pasar                 During the year 2022, the company has not yet listed its shares in the
                                                                                                       Total Aset Tahun
                                                                                                        2022 (Sebelum                                     Modal dan Perseroan melakukan penawaran umum (IPO) secara                     Capital Market, and the company officially conducted an initial public
                                Alamat               Persentase               Bidang Usaha             Eliminasi) (dalam          Status Operasi          resmi pada tanggal 8 Mei 2023. Maka dari itu, bersamaan dengan                offering (IPO) on May 8, 2023. Along with the listing of 700,000,000
         Nama                                     Kepemilikan Saham          Line of Business           Jutaan Rupiah)
                                Address                                                                                          Operation Status         pencatatan     sebanyak       700.000.000       (tujuh     ratus      juta)   (seven hundred million) New Shares from the portfolio, representing
                                                 Ownership Percentaget                               Total Assets in 2022
                                                                                                     (Before Elimination)                                                                                                               20.13%    (twenty-point       one     three     percent)     of    the    issued
                                                                                                      (in million rupiah)

                                                                   Entitas Anak
                                                                   Subsidiaries                                                                           AUDITOR EKSTERNAL
                                                              Kepemilikan Langsung                                                                        External Auditor
                                                                Direct Ownership

                                                                           Industri Ban Dalam                                          Beroprasi
PT United Kingland         Cikande, Banten                82,69%           Tube Industry                138.786.264.907                Operated
                                                                                                                                                            Nama Kantor Akuntan
                                                                                                                                                                                           Nama Akuntan Publik                    Alamat                    Periode Penugasan                 Jasa yang Diberikan
                                                                                                                                                                    Publik
                                                                                                                                                                                          Name Public Accountant                  Address                   Assignment Period                  Services Provided
                                                                                                                                                            Public Accounting Firm

                                                                                                                                                                                                                                                                                          Jasa audit atas Laporan
                                                                                                                                                                                                                                                                                          Keuangan Konsolidasian
                                                                                                                                                                                                                                                                                          PT Sumber Global Energy
                                                                                                                                                                                                                        Generali Tower, 8th Floor
KRONOLOGI PENCATATAN SAHAM
                                                                                                                                                                                        Morhan Tirtonadi, CPA                                                                             Tbk dan Entitas Anak
                                                                                                                                                                                         (Registrasi Akuntan            Gran Rubina Business Park
                                                                                                                                                             Morhan & Rekan                     Publik                  at Rasuna Epicentrum Jl.                                          Audit services on the
                                                                                                                                                                                                                        HR. Rasuna Said Kav. 1,
Share Listing Chronology                                                                                                                                                                    No. AP. 0628)
                                                                                                                                                                                                                        Jakarta 12940
                                                                                                                                                                                                                                                                                          Consolidated Financial
                                                                                                                                                                                                                                                                                          Statements of PT Sumber
                                                                                                                                                                                                                                                                                          Global Energy Tbk and its
                                                                                                                                                                                                                                                                                          Subsidiaries
Selama tahun 2024, Perseroan belum mencatatkan saham di Pasar             During the year 2024, the company has not yet listed its shares in the
Modal dan Perseroan melakukan penawaran umum (IPO) secara                 Capital Market, and the company officially conducted an initial public
resmi pada tanggal 8 Mei 2023. Maka dari itu, bersamaan dengan            offering (IPO) on May 8, 2023. Along with the listing of 700,000,000
pencatatan sebanyak 700.000.000 (tujuh ratus juta) Saham Baru yang        (seven hundred million) New Shares from the portfolio, representing
berasal dari portepel atau sebanyak 20,13% (dua puluh koma satu tiga
persen) dari modal ditempatkan dan disetor penuh setelah Penawaran
                                                                          20.13% (twenty-point one three percent) of the issued and fully paid-up
                                                                          capital after the IPO, the company, on behalf of existing shareholders, will    LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
Umum Perdana Saham, maka Perseroan atas nama pemegang                     also list all ordinary shares owned by existing shareholders before the IPO,    Capital Market Supporting Institutions
saham lama akan mencatatkan pula seluruh saham biasa atas nama            totaling 2,778,020,000 (two billion seven hundred seventy-eight million
pemegang saham sebelum Penawaran Umum Perdana Saham                       twenty thousand) shares of the issued and fully paid-up capital after the
sejumlah 2.778.020.000 (dua miliar tujuh ratus tujuh puluh delapan        IPO. These shares are owned by:                                                                    Nama                                       Alamat                                      Persentase Kepemilikan Saham
juta dua puluh ribu) saham dari modal ditempatkan dan disetor penuh                                                                                                          Name                                       Address                                         Ownership Percentage
setelah Penawaran Umum Perdana Saham. Saham-saham tersebut                                                                                                                                                                         Notaris
adalah milik:                                                                                                                                                                                                                      Notary

                                                                                                                                                                                                                                                      Menyiapkan dan membuat akta-akta dalam rangka Penawaran
• PT Kingland Investindo Nusantara sebanyak 1.100.000.000 (satu           • PT Kingland Investindo Nusantara with 1,100,000,000 (one billion                                                                                                          Umum, antara lain perubahan seluruh Anggaran Dasar
                                                                                                                                                                                                                                                      Perseroan, Perjanjian Emisi Efek, Perjanjian Pengelolaan
 miliar seratus juta) lembar saham                                         one hundred million) shares                                                                                                                                                Administrasi Saham antara Perseroan dan Biro Administrasi
• Harris Muliawan sebanyak 1.121.180.000 (satu miliar seratus             • Harris Muliawan with 1,121,180,000 (one billion one hundred                                                               Jl. KH. Zainul Arifin Nomor 2, Komplek          Efek
                                                                                                                                                           Kantor Notaris Christina Dwi Utami,        Ketapang Indah Blok B-2 Nomor 4-5,
 dua puluh satu juta seratus delapan puluh ribu) lembar saham              twenty-one million one hundred eighty thousand) shares                          S.H.,M.Hum.,M.Kn                                                                           Preparing and creating deeds in relation to the Public Offering,
                                                                                                                                                                                                      Jakarta Barat
• Indra Muliawan sebanyak 554.340.000 (lima ratus lima puluh              • Indra Muliawan with 554,340,000 (five hundred fifty-four million                                                                                                          including the amendment of the entire Articles of Association of
                                                                                                                                                                                                                                                      the Company, the Securities Issuance Agreement, and the Share
 empat juta tiga ratus empat puluh ribu) lembar saham                      three hundred forty thousand) shares                                                                                                                                       Administration Management Agreement between the Company
                                                                                                                                                                                                                                                      and the Securities Administration Bureau.
• Hardi Muliawan sebanyak 2.500.000 (dua juta lima ratus) lembar          • Hardi Muliawan with 2,500,000 (two million five hundred thousand)
 saham                                                                     shares
                                                                                                                                                                                                                        Biro Administrasi Efek
                                                                                                                                                                                                                   Services Administration Bureau
Dengan demikian jumlah saham yang akan dicatatkan oleh Perseroan          Therefore, the total number of shares to be listed by the company on the
                                                                                                                                                                                                                                                      Mendistribusikan Saham Hasil Penawaran Umum Perdana
di Bursa Efek Indonesia seluruhnya adalah sebesar 3.478.020.000           Indonesia Stock Exchange is 3,478,020,000 (three billion four hundred                                                                                                       Saham melalui sistem C-BEST PT Kustodian Sentral Efek
                                                                                                                                                                                                      Rukan Kirana Boutique Office, Jl.               Indonesia (KSEI)
(tiga miliar empat ratus tujuh puluh delapan juta dua puluh ribu) saham   seventy-eight million twenty thousand) shares, representing 100.00%              PT Adimitra Jasa Korpora                   Kirana Avenue III Blok F3 No. 5,
atau sebesar 100,00% (seratus persen) dari jumlah modal ditempatkan       (one hundred percent) of the issued and fully paid-up capital after this IPO.                                               Kelapa Gading, Jakarta Utara, 14250             Distributing Shares from the Initial Public Offering (IPO) through
                                                                                                                                                                                                                                                      the C-BEST system of the Indonesia Central Securities Depository
dan disetor penuh sesudah Penawaran Umum Perdana Saham ini.
                                                                                                                                                                                                                                                      (KSEI).




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                                    Ikhtisar Kinerja                 Laporan Manajemen                  Profil Perusahaan     Analisis Dan Pembahasan Manajemen         Tata Kelola Perusahaan                       Laporan Keberlanjutan
                                 Performance Highlights               Management Report                  Company Profile       Management Discussion And Analysis        Corporate Governance                         Sustainability Report




PENGHARGAAN & SERTIFIKASI
Certifications


                                                                                                                                                                    Sertifikat Mutu E4
                                                                                                                                                                    E4 Quality Certificate



                                                                                                                                                                    Perseroan memperoleh Sertifikat Mutu E4 yang diterbitkan oleh Netherlands
                                                                                                                                                                    Vehicle Authority (RDW)
                                                   Sertifikat SNI
                                                   SNI Certificate                                                                                                  The Company obtained the E4 Quality Certificate issued by the Netherlands
                                                                                                                                                                    Vehicle Authority (RDW).



                                                   Perseroan telah memiliki Sertifikat Produk Penggunaan Tanda
                                                   SNI (“SPPT SNI”) No. JPA 009 078 yang diterbitkan oleh Lembaga
                                                   Sertifikasi Produk LSPro - Balai Besar Kulit Karet dan Plastik (BBKKP)
                                                   Jogja Product Assurance Kementerian Perindustrian Republik
                                                   Indonesia tertanggal 10 Agustus 2021 dengan sertifikat awal tanggal
                                                   24 Juni 2013 No. Ref. 74/JPA/13, dengan spesifikasi sebagai berikut:

                                                   - Jenis Produk: Ban Sepeda Motor
                                                   - Tipe: Bias − Merk: Kingland
                                                   - Standar Produk: SNI 0101:2012
                                                   - Sistem Sertifikasi Produk: Tipe 5                                                                              Sertifikat ISO SNI 9001 : 2015
                                                                                                                                                                    ISO SNI 9001 : 2015 Certificate
                                                   Berdasarkan SPPT SNI, Perseroan diberikan hak untuk menggunakan
                                                   logo LSPro - BBKKP JPA dan tanda SNI pada produk.

                                                   The Company has obtained the Product Use Certificate for Indonesian                                              Perseroan telah memiliki Sertifikat Sistem Manajemen Mutu sesuai dengan
                                                   National Standard (“SPPT SNI”) No. JPA 009 078 issued by LSPro Product                                           ISO SNI 9001 : 2015 No. YQ 005 164 yang diterbitkan oleh Lembaga
                                                   Certification Institute - Yogyakarta Rubber and Plastic Center (BBKKP)                                           Sertifikasi Sistem Manajemen Mutu Balai Besar Kulit Karet dan Plastik -
                                                   Jogja Product Assurance, Ministry of Industry, Republic of Indonesia,                                            YOQA Kementerian Perindustrian Republik Indonesia tanggal 25 Juli 2022
                                                   dated August 10, 2021, with an initial certificate dated June 24, 2013,                                          dengan sertifikat awal tertanggal 29 April 2013 No. Reg. 13/218, dengan
                                                   Ref. No. 74/JPA/13, with the following specifications:                                                           ketentuan sebagai berikut:
                                                                                                                                                                    - Ruang Lingkup: Proses produksi ban sepeda motor
                                                   - Product Type: Motorcycle Tire                                                                                  - Kode EA: (14) Produk karet dan produksi plastic
                                                   - Type: Bias − Brand: Kingland                                                                                   - Kode NACE: C.22.1.1 Pembuatan ban dan ban dalam karet; ban karet
                                                   - Product Standard: SNI 0101:2012                                                                                vulkanisir dan ban karet yang dibuat ulang.
                                                   - Product Certification System: Type 5
                                                                                                                                                                    The Company has obtained the Quality Management System Certificate
                                                   Based on the SPPT SNI, the Company is granted the right to use the LSPro                                         according to ISO SNI 9001:2015 No. YQ 005 164 issued by the Quality
                                                   - BBKKP JPA logo and the SNI mark on the product.                                                                Management System Certification Institute of the YOQA Rubber and Plastic
                                                                                                                                                                    Center - Ministry of Industry, Republic of Indonesia, dated July 25, 2022, with
                                                                                                                                                                    an initial certificate dated April 29, 2013, Reg. No. 13/218, with the following
                                                                                                                                                                    provisions:

                                                                                                                                                                    - Scope: Motorcycle tire production process
                                                                                                                                                                    - EA Code: (14) Rubber products and plastic production
                                                                                                                                                                    - NACE Code: C.22.1.1 Manufacture of rubber tyres and inner tubes; retreading
                                                                                                                                                                    and rebuilding of rubber tyres.




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Page 27
                                                                                                   ANALISIS DAN
                                                                                         PEMBAHASAN MANAJEMEN
                                                                                                      Management Discussion And Analysis




     4
52                                                                                                                                                         53
52   Laporan
          Laporan
             Tahunan
                  Tahunan
                     & Keberlanjutan
                          2023       2023   PT King Tire Indonesia TBK   PT King Tire Indonesia TBK                    2023 Annual
                                                                                                                               2023& Sustainability
                                                                                                                                     Annual ReportReport
Page 28
                                             Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                Analisis Dan Pembahasan Manajemen                                Tata Kelola Perusahaan                             Laporan Keberlanjutan
                                          Performance Highlights                   Management Report                        Company Profile                  Management Discussion And Analysis                               Corporate Governance                               Sustainability Report




TINJAUAN PEREKONOMIAN DAN INDUSTRI
Economic and Industry Review


                                                                                                                                                          Secara khusus untuk sektor otomotif di Indonesia, Gabungan                      Specifically for the automotive sector in Indonesia, the Association
                                                                                                                                                          Industri      Kendaraan             Bermotor    Indonesia       (GAIKINDO)      of Indonesian Automotive Manufacturers (GAIKINDO) reported a
                                                                                                                                                          melaporkan adanya pemulihan penjualan kendaraan pada tahun                      recovery in vehicle sales in 2022, reaching pre-pandemic levels. Unit
                                                                                                                                                          2023, mencapai tingkat yang sama dengan sebelum terjadinya                      sales increased from 887,202 units in 2021 to 1,048,040 units in
                                                                                                                                                          pandemi. Penjualan unit meningkat dari 887.202 unit pada tahun                  2022.
                                                                                                                                                          2021 menjadi 1.048.040 unit pada tahun 2022.


                                                                                                                                                          Penjualan sepeda motor juga mengalami peningkatan, meskipun                     Motorcycle sales also experienced an increase, although it has not
                                                                                                                                                          belum      mencapai       tingkat    sebelum   pandemi.     Penjualan    unit   reached pre-pandemic levels. Unit sales increased from 5,057,516
                                                                                                                                                          meningkat         dari   5.057.516    unit   pada   tahun   2021   menjadi      units in 2021 to 5,221,470 units in 2022, as reported by the
                                                                                                                                                          5.221.470 unit pada tahun 2022, seperti yang dilaporkan oleh                    Indonesian Motorcycle Industry Association (AISI).
                                                                                                                                                          Asosiasi Industri Sepedamotor Indonesia (AISI).


                                                                                                                                                          Bila    dilihat     berdasarkan      perkembangan     jumlah    kendaraan       Based on the development of the number of motor vehicles by
                                                                                                                                                          bermotor menurut jenis dari data Badan Pusat Statistik (BPS),                   type according to data from the Central Statistics Agency (BPS),
                                                                                                                                                          jumlah kendaraan bermotor untuk jenis sepeda motor dari tahun                   the number of motorcycles remained relatively stable from year to
                                                                                                                                                          ke tahun terbilang cukup stabil. Pada akhir 2022 ada 125,3 juta                 year. By the end of 2022, there were 125.3 million motorcycles
Perlambatan ekonomi global pada tahun 2024 dipicu oleh ketegan-            Global economy slowed down in 2024 due to geopolitical tensions,
                                                                                                                                                          unit motor di Indonesia. Selama periode 2012-2022 jumlah                        in Indonesia. During the period of 2012-2022, the number of
gan geopolitik yang memperparah kenaikan harga pangan dan en-              which played a role in the increase of food and energy prices, as well
                                                                                                                                                          sepeda motor di dalam negeri sudah bertambah sekitar 48,9 juta                  motorcycles in the country increased by approximately 48.9 million
ergi, serta inflasi global yang tinggi. Respons serentak bank sentral di   as high global inflation levels. Central banks worldwide simultaneously
                                                                                                                                                          unit atau tumbuh 64%.
berbagai negara berupa pengetatan kebijakan moneter untuk men-             implemented tighter monetary policies to curb inflation rates. The rise in
gendalikan inflasi mengakibatkan kenaikan suku bunga yang meng-            interest rates contributed to obstacles in economic activities, leading to a
hambat aktivitas ekonomi. Akibatnya, Bank Dunia memperkirakan
pertumbuhan ekonomi global menurun dari 5,9% pada tahun 2024
                                                                           projected decline in global economic decresed from 5.9% in 2024 to 5,05%
                                                                           in 2025, according to World Bank estimates.
                                                                                                                                                          TINJAUAN OPERASIONAL
menjadi 5,05% pada tahun 2025.
                                                                                                                                                          Operational Overview

Di sisi lain, perekonomian Indonesia terus mengalami momentum              On the other hand, the Indonesian economy continued to experience                                                                                              The company has two business segments, namely outer tire manufacturer
                                                                                                                                                          Perseoran memiliki 2 segmen usaha, yaitu produsen ban luar dan ban
melambat setelah pemulihan pada tahun 2021. Produk Domestik                growth momentum after the recovery in 2021. Gross Domestic Product                                                                                             and inner tire manufacturer.
                                                                                                                                                          dalam.
Bruto (PDB) menurun sebesar 5,05% pada tahun 2023 dibandingkan             (GDP) decreased by 5.05% in 2023 compared to 5,3% in 2022, as reported
dengan 5,3% pada tahun 2022, sebagaimana dilaporkan oleh Badan             by the Central Statistics Agency. Household consumption remained the
Pusat Statistik. Konsumsi rumah tangga tetap menjadi kontributor           largest contributor to Indonesia’s economy, accounting for approximately       Pendapatan per Segmen Usaha
terbesar bagi perekonomian Indonesia, menyumbang sekitar 51,2%             51.2% overall, while exports of goods and services experienced the highest     Income per Business Segment
secara keseluruhan, sementara ekspor barang dan jasa mengalami             growth driven by commodity price increases.
                                                                                                                                                                               Keterangan
pertumbuhan tertinggi didorong oleh kenaikan harga komoditas.                                                                                                                  Description                                             2024                                             2023

                                                                                                                                                           Ban Luar                                                               418.104.358.168                             359.344.594.914
Seperti di negara lainnya, inflasi di Indonesia juga meningkat secara      Similar to other countries, inflation in Indonesia also increased
                                                                                                                                                           Outer tire
signifikan, mencapai 5,5%, terutama dipengaruhi oleh kenaikan              significantly, reaching 5.5%, mainly influenced by food, beverage, tobacco,
                                                                                                                                                           Ban Dalam
harga makanan, minuman, tembakau, dan biaya transportasi akibat            and transportation cost increases due to fuel subsidy reductions. The                                                                                  174.141.024.024                             156.335.368.490
                                                                                                                                                           Inner Tube
pengurangan subsidi bahan bakar. Rupiah Indonesia mengalami                Indonesian Rupiah depreciated by 3,74% against the US Dollar compared
depresiasi sebesar 3,74% terhadap Dolar AS jika dibandingkan dengan        to the exchange rate at the end of December 2022 compared to the end
nilai tukar pada akhir Desember 2023 dibandingkan dengan akhir             of December 2022, primarily influenced by US monetary policies and the         Profitabilitas per Segmen Usaha
Desember 2022, terutama dipengaruhi oleh kebijakan moneter AS              dollar’s status as a safe haven amid instability in 2023.                      Profitability per Business Segment
dan status dolar sebagai safe haven di tengah ketidakstabilan pada
tahun 2022.                                                                                                                                                                    Keterangan
                                                                                                                                                                               Description                                             2024                                             2022

Dengan populasi kendaraan bermotor yang signifikan, Indonesia              As one of the countries with a large population of motor vehicles, the          Ban Luar                                                               24.425.851.552                               14.864.462.375
                                                                                                                                                           Outer tire
memiliki permintaan domestik yang tinggi terhadap ban dalam dan            demand for both inner and outer tires is usually high. In addition to a
ban luar. Di samping pasar dalam negeri yang solid, ekspor juga me-        strong domestic market, exports are also an important part of the tire          Ban Dalam
                                                                                                                                                           Inner Tube                                                             6.033.996.870                                5.150.303.259
megang peranan penting dalam ekosistem industri ban di Indonesia.          industry in Indonesia.




54                                                                                                                                                                                                                                                                                                         55
           Laporan Tahunan & Keberlanjutan 2024                                                             PT King Tire Indonesia TBK                               PT King Tire Indonesia TBK                                                                 2024 Annual & Sustainability Report
Page 29
                                           Ikhtisar Kinerja                          Laporan Manajemen                                  Profil Perusahaan                                       Analisis Dan Pembahasan Manajemen                         Tata Kelola Perusahaan                     Laporan Keberlanjutan
                                        Performance Highlights                        Management Report                                  Company Profile                                         Management Discussion And Analysis                        Corporate Governance                       Sustainability Report




TINJAUAN KEUANGAN
Financial Overview




Pendapatan per Segmen Usaha                                                                                                              (dalam jutaan Rupiah penuh)
                                                                                                                                                                          Pendapatan per Segmen Usaha                                                                          (dalam jutaan Rupiah penuh)
Income per Business Segment                                                                                                                               (in Rupiah)     Income per Business Segment                                                                                           (in Rupiah)


                                                      31 Desember                                                          Kenaikan (Penurunan)                                                                                     31 Desember                                                  Kenaikan (Penurunan)
          Keterangan                                  December 31                                                          Growth (Decrease)                                       Keterangan                                       December 31                                                  Growth (Decrease)
          Description                                                                                          Selisih                                                             Description                                                                                         Selisih
                                          2024                          2023                                                                         (%)                                                                         2024               2023                                                                (%)
                                                                                                              Difference                                                                                                                                                              Difference
 Aset lancar                                                                                                                                                               Penjualan bersih
 Current assets
                                     281.626.304.168                268.737.193.108                     12.889.111.060                               4,80%                 Net sales                                      592.245.382.192         515.679.963.404              76.565.418.788                        14,85%

 Aset tidak lancar                                                                                                                                                         Beban pokok pendapatan
 Non-current assets
                                     280.714.383.946                192.398.854.694                     88.315.529.252                               45,90%                Cost of revenues                               (490.198.973.165 )      ( 429.618.941.705 )          (60.580.031.460)                      14,10%

 Jumlah asset                                                                                                                                                              Laba kotor
 Total assets
                                     562.340.688.114                461.136.047.802                     101.204.640.312                              21,95%                Gross profit                                   102.046.409.027         86.061.021.699               15.985.387.328                        18,57%

 Liabilitas jangka pendek                                                                                                                                                  Laba bersih tahun berjalan
 Current liabilities
                                     218.334.589.272                139.379.245.987                     78.955.343.285                               56,65%                Net income of the year                         23.801.141.150          20.632.634.427               3.168.506.723                         15,36%

 Liabilitas jangka panjang                                                                                                                                                 Laba komprehensif tahun berjalan
 Non-current liabilities
                                     22.834.823.580                 17.548.504.748                      5.286.318.832                                30,12%                Comprehensive income of the year               23.916.007.383          20.014.765.634               3.901.241.749                         19,49%

 Jumlah liabilitas                                                                                                                                                         Laba Bersih yang dapat Diatribusikan kepada:
 Total liabilities
                                     241.169.412.852                156.927.750.735                     84.241.662.117                               53,68%                Net Income Attributable to:

 Jumlah ekuitas                                                                                                                                                            Pemilik Entitas Induk
 Total equity
                                     321.171.275.262                304.208.297.067                     16.962.978.195                               5,58%                 Owners of the Parent Entity                    22.694.149.482          19.734.001.775               2.960.147.707                         15,00%

 Jumlah liabilitas dan ekuitas                                                                                                                                             Kepentingan Non Pengendali
 Total liabilities and equity
                                     562.340.688.114                461.136.047.802                     101.204.640.312                              21,95%                Non-Controlling Interests                      1.106.991.668           898.632.652                  208.359.016                           23,19%

                                                                                                                                                                           Laba Komprehensif yang dapat Diatribusikan:
                                                                                                                                                                           Comprehensive Income Attributable to:          23.801.141.150          20.632.634.427               3.168.506.723                         15,36%
Jumlah Aset                                                               Total Assets
                                                                                                                                                                           Pemilik Entitas Induk
Aset Perseroan pada tahun 2024 adalah sebesar Rp562.340.688.114,          The Company’s assets in 2024 amounted to Rp562.340.688.114,                                      Owners of the Parent Entity                    22.763.659.146          19.123.257.778               3.640.401.368                         19,04%

meningkat 21% dari tahun 2023 yang hanya sebesar Rp461.136.047.802.       representing       a        26%     increase      from    2023    when      it     was   only
                                                                                                                                                                           Kepentingan Non Pengendali
                                                                                                                                                                                                                          1.152.348.237           891.507.856                  260.840.381                           29,26%
Peningkatan jumlah aset tersebut disebabkan oleh peningkatan              Rp461.136.047.802. The increase in asset value is attributed to the                              Non-Controlling Interests

piutang dagang karena penjualan Perseroan meningkat.                      higher trade receivables resulting from the Company’s increased sales.                           Laba per Saham Dasar
                                                                                                                                                                           Earnings per Basic Share                       6,52                    6,10                         0.42                                  6,89%



Jumlah Liabilitas                                                         Total Liabilities
                                                                          The Company’s total liabilities by the end of 2024 increased by 53,68%
                                                                                                                                                                          Penjualan Bersih                                                               Net Sales
Jumlah liabilitas Perseroan hingga akhir tahun 2024 meningkat
                                                                                                                                                                          Penjualan bersih yang diperoleh Perseroan di tahun 2024                        The Company’s net sales obtained in 2023 experienced an increase
53,68% dari tahun 2023, yang hanya Rp156.927.750.735 menjadi              from 2023, rising from Rp156.927.750.735 to Rp241.169.412.852.
                                                                                                                                                                          mengalami kenaikan sebesar 14,85% dari yang tahun sebelumnya                   of 14,85% from the previous year, rising from Rp515.679.963.404 to
Rp241.169.412.852. Peningkatan angka liabilitas Perseroan                 The increase in the Company’s liability amount is attributed to the higher
                                                                                                                                                                          Rp515.679.963.404 menjadi Rp592.245.382.192. Kenaikan angka                    Rp592.245.382.192. The increase in net revenue is due to the demand for
disebabkan oleh jumlah produksi sehingga pembelian barang baku            production volume, which led to an increase in the purchase of raw
                                                                                                                                                                          pendapatan bersih tersebut disebabkan oleh permintaan barang dan               goods and the production capacity of the Company.
meningkat.                                                                materials.
                                                                                                                                                                          kapasitas produksi Perseroan.

Jumlah Ekuitas                                                            Total Equity
                                                                          The Company recorded equity amounting to Rp321.171.275.262 in
                                                                                                                                                                          Beban Pokok Pendapatan                                                         Cost of Revenues
Perseroan mencatat jumlah ekuitas di tahun 2024 adalah sebesar
                                                                                                                                                                          Beban pokok Perseroan tahun 2024 tercatat mengalami kenaikan                   The Company’s cost of goods sold in 2024 recorded a 14,1% increase to
Rp321.171.275.262. Mengalami kenaikan sebesar 5,58% dari tahun            2024, experiencing an increase of 5,58% from 2023 when it was only
                                                                                                                                                                          sebesar 14,1% menjadi Rp(490.198.973.165), di mana tahun 2023                  reach Rp(490.198.973.165), whereas in 2023, the cost of goods sold was
2023 yang hanya sebesar Rp 304.208.297.067, disebabkan karena             Rp304.208.297.067. This increase due to An increase in equity of
                                                                                                                                                                          beban pokok Perseroan hanya mencapai Rp(429.618.941.705 7).                    only Rp(429.618.941.705 7). This increase is due to the higher production
Kenaikan jumlah ekuitas sebesar 5,58% pada 31 Desember 2023               5,58% was recorded on December 31, 2023 compared to the previous
                                                                                                                                                                          Kenaikan tersebut karena meningkatnya jumlah produksi.                         volume.
dibandingkan tahun lalu.                                                  year.
Sebagian besar disebabkan oleh adanya penambahan modal saham              The     majority       of    this    increase      is    attributed   to    the     addition-
                                                                          al      capital    investment            of       Rp55,000,000,000          through      the
                                                                                                                                                                          Laba Bersih Tahun Berjalan                                                     Net Income for the Year
Perseroan sebesar Rp55.000.000.000 yang seluruhnya berasal dari
                                                                                                                                                                          Hingga 31 Desember 2024, Perseroan memperoleh laba bersih tahun                As of December 31, 2024, the Company achieved a net profit for the
penyetoran dari PT Kingland Investindo Nusantara.                         deposit of shares by PT Kingland Investindo Nusantara.
                                                                                                                                                                          berjalan senilai Rp23.801.141.150. Angka tersebut tumbuh sebesar               current year amounting to Rp23.801.141.150. This figure grew by 15,36%
                                                                                                                                                                          15,36% dari tahun 2023 yang hanya memperoleh Rp20.632.634.427.                 compared to 2023 when it only reached Rp20.632.634.427. This growth is
                                                                                                                                                                          Pertumbuhan ini disebabkan karena penjualan meningkat dan                      attributed to increased sales and improved efficiency compared to 2023
                                                                                                                                                                          melakukan efisiensi dibandingkan tahun 2023.                                   fiscal year.




56                                                                                                                                                                                                                                                                                                                            57
              Laporan Tahunan & Keberlanjutan 2024                                                                   PT King Tire Indonesia TBK                                    PT King Tire Indonesia TBK                                                                 2024 Annual & Sustainability Report
Page 30
                                            Ikhtisar Kinerja                       Laporan Manajemen                         Profil Perusahaan                                         Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                         Performance Highlights                     Management Report                         Company Profile                                           Management Discussion And Analysis                      Corporate Governance                    Sustainability Report




                                                                                                                                                                KEMAMPUAN MEMBAYAR UTANG
                                                                                                                                                                Solvency


Laporan Arus Kas Konsolidasian                                                                                        (dalam Rupiah, kecuali dinyatakan lain)   Pendapatan per Segmen Usaha
                                                                                                                         (in Rupiah, unless otherwise stated)
Consolidated Income Cash Flows                                                                                                                                  Income per Business Segment

                                               31 Desember
                                                   31 Desember                                                   Kenaikan (Penurunan)
            Keterangan                         December 31 31
                                                   December                                                      Growth (Decrease)                                                                                                                                                                            (dalam persen)
            Description                                                                                                                                                                                                                                                                                       (in percentage)
                                                                                                      Selisih                           (%)
                                            2024                      2023
                                                                                                    Difference                                                                                                  31 Desember
                                                                                                                                                                                                                    31 Desember                                                    Kenaikan (Penurunan)
    Kas Bersih Digunakan                                                                                                                                                  Keterangan                            December 31 31
                                                                                                                                                                                                                    December                                                       Growth (Decrease)
    untuk Aktivitas Operasi                                                                                                                                               Description                                                                                    Selisih
    Net Cash Used in Operating         65.872.114.823             7.029.182.207                 58.842.932.616                   837,12%
                                                                                                                                                                                                                 2024                      2023                                                           (%)
    Activities                                                                                                                                                                                                                                                          Difference

    Kas Bersih Digunakan                                                                                                                                         Rasio Likuiditas
    untuk Aktivitas Investasi                                                                                                                                    Liquidity Ratio
    Net Cash Used in Investing         (102.389.850.923 )         (83.610.281.322)              (18.779.569.601)                 22,46%
    Activities                                                                                                                                                   Rasio Kas
                                                                                                                                                                 Cash Ratio
                                                                                                                                                                                                                0,74x                  0,17x                             0,57                          335%

    Kas Bersih Diperoleh                                                                                                                                         Rasio Lancar
                                       51.405.629.083             92.573.193.704                (41.167.564.621)                 -44,47%                         Current Ratio
                                                                                                                                                                                                                0,18x                  1,93x                             (1,75)                        -90%
    dari Aktivitas Pendanaan
    Net Cash Provided by
    Financing Activities                                                                                                                                         Rasio Solvabilitas
                                                                                                                                                                 Solvency Ratio
    KENAIKAN (PENURUNAN)
    BERSIH KAS DAN BANK                                                                                                                                          Rasio Liabilitas terhadap Aset
                                       14.887.892.983             15.992.094.589                (1.104.201.606)                  -6,90%                          Liabilities Ratio on Assets
                                                                                                                                                                                                                0,43x                  0,34x                             (0,09)                        9%
    NET INCREASE (DECREASE)
    IN CASH ON HAND AND IN
    BANKS                                                                                                                                                        Rasio Liabilitas terhadap Ekuitas
                                                                                                                                                                 Liabilities Ratio on Equity
                                                                                                                                                                                                                0,75x                  0,52x                             0,23                          44%
    KAS DAN BANK AWAL
    TAHUN                                                                                                                                                        Rasio Liabilitas Jangka Panjang
                                                                                                                                                                 terhadap Ekuitas
                                                                                                                                                                                                                0,07x                  0,06x                             0.01                          -16,6%
    CASH ON HAND AND IN
    BANKS AT THE BEGINNING             23.388.177.415             7.409.980.626                 15.978.196.789                   215,63%                         Non-Current Liabilities Ratio on
    OF THE YEAR                                                                                                                                                  Equity

    KAS DAN BANK AKHIR
    TAHUN
    CASH ON HAND AND IN
    BANKS AT THE END OF THE            38.304.211.801             23.388.177.415                14.916.034.386                   63,78%
    YEAR



                                                                                                                                                                TINGKAT KOLEKTIBILITAS PIUTANG
Kas Digunakan untuk Aktivitas Operasi                                    Net Cash Used in Operating Activities
                                                                         The cash used for the Company’s operational activities in 2024 amounted
                                                                                                                                                                Collectability
Penggunaan kas untuk aktivitas operasional Perseroan di tahun
2024 tercatat sebesar Rp 65.872.114.823. Terjadi indikasi kenaikan       to Rp65.872.114.823. There was a significant increase of 87.5% compared
sebesar 87,5% dibanding tahun 2023 yang mencapai hingga                  to 2023, which reached up to Rp7.029.182.207. This decrease is due to the                                                                                          The collectability of the Company’s receivables in 2024 was recorded
                                                                                                                                                                Kolektibilitas piutang Perseroan di tahun 2024 tercatat adalah 60
Rp7.029.182.207. Kenaikan tersebut disebabkan karena                     Company’s increased sales, resulting in outstanding receivables yet to be                                                                                          as 60 days, which is 30 days faster than in 2023 when the collectability
                                                                                                                                                                hari, lebih cepat 30 hari dari tahun 2023 di mana kolektibilitas piutang
peningkatan penjualan Perseroan sehingga ada nya piutang yang            collected.                                                                                                                                                         of the Company’s receivables was 21 days.
                                                                                                                                                                Perseroan di tahun itu adalah selama 21 hari.
masih jatuh tempo.


Kas Bersih Digunakan untuk Aktivitas Investasi                           Net Cash Used in Investing Activities
Penggunaan kas untuk aktivitas investasi Perseroan di tahun 2024         The cash used for the Company’s investment activities in 2024 amounted
tercatat sebesar Rp(102.389.850.923). Terjadi indikasi kenaikan          to Rp(102.389.850.923). There was a significant increase of 340.3%
sebesar 340,3% dibanding tahun 2023 yang hanya Rp(83.610.281.322)        compared to 2023, which was only Rp(83.610.281.322). This increase is
.Kenaikan tersebut disebabkan karenaadanya pembelian untuk unit          due to the purchase of additional operational machinery units to increase-
mesin oprasional penambahan kapasitas mesin.                             production capacity.


Kas Bersih Diperoleh dari Aktivitas Pendanaan                            Net Cash Provided by Financing Activities
Penggunaan kas untuk aktivitas pendanaan Perseroan di tahun 2024         The cash used for the Company’s financing activities in 2024 amounted
tercatat sebesar Rp51.405.629.083. Terjadi indikasi penurunan            to Rp27,966,836,098. There was a decrease of 51.7% compared to 2023,
sebesar 44,47% dibanding tahun 2023 yang mencapai hingga                 which reached up to Rp57,992,917,889.
Rp92.573.193.704
.



58                                                                                                                                                                                                                                                                                                                     59
               Laporan Tahunan & Keberlanjutan 2024                                                         PT King Tire Indonesia TBK                                    PT King Tire Indonesia TBK                                                             2024 Annual & Sustainability Report
Page 31
                                           Ikhtisar Kinerja                       Laporan Manajemen                        Profil Perusahaan                                          Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                   Laporan Keberlanjutan
                                        Performance Highlights                     Management Report                        Company Profile                                            Management Discussion And Analysis                   Corporate Governance                     Sustainability Report




STRUKTUR MODAL DAN                                                                                                                                             Dalam mengawasi modal usaha, Perseroan menggunakan rasio                   In monitoring the working capital, the Company utilizes the gearing
KEBIJAKAN STRUKTUR MODAL PERUSAHAAN                                                                                                                            pengungkit (gearing ratio). Rasio ini dihitung dengan membagi utang        ratio. This ratio is calculated by dividing net debt by the total capital. By
                                                                                                                                                               bersih dengan jumlah modal yang ada. Dengan memantau rasio ini,            monitoring this ratio, the Company can ensure that debt usage remains
Capital Structure and Company Capital Structure Policy                                                                                                         Perseroan dapat memastikan penggunaan utang berada dalam batas             within a healthy limit and control the financial risks associated with the
                                                                                                                                                               yang sehat serta mengendalikan risiko keuangan yang terkait dengan         Company’s capital structure.
                                                                                                                                                               struktur modal Perseroan.

                                                                                                                                                                                                                                                                                     (dalam Rupiah, kecuali dinyatakan lain)
Kas Digunakan untuk Aktivitas Operasi                                  Net Cash Used in Operating Activities                                                                                                                                                             31 Desember (in Rupiah, unless otherwise stated)
                                                                                                                                                                                Keterangan                                                                               December 31
Struktur modal berupa liabilitas dan ekuitas, menjadi penyokong        The capital structure consisting of liabilities and equity serves as a support                                                                               2024                                            2023
                                                                                                                                                                                Description
Perseroan dalam menjalankan usaha bisnisnya. Ketepatan dan             for the Company in conducting its business operations. The accuracy and
kesesuaian struktur modal diperlukan untuk menghasilkan                suitability of the capital structure are necessary to generate the Compa-               Jumlah Utang
                                                                                                                                                                                                                                230.237.358.042                                     161.836.306.420
                                                                                                                                                               Total Debt
pertumbuhan kinerja Perseroan agar sesuai dengan harapan. Struk-       ny’s performance growth in line with expectations. The Company’s capital
                                                                       structure in 2024 and 2023 is recorded as follows:                                      Dikurangi Kas dan Bank
tur modal Perseroan di tahun 2024 dan 2023 tercatat sebagai berikut:                                                                                                                                                             38.304.211.801                                       7.409.980.626
                                                                                                                                                               Less Cash and Banks

                                                                                                                                                               Utang Bersih
                                                                                                                    (dalam Rupiah, kecuali dinyatakan lain)    Net Debt                                                         191.933.146.241                                     154.426.325.794
                                                                                                                        (in Rupiah, unless otherwise stated)
                                                                                                                                                               Jumlah Ekuitas
                                              31 Desember                                                             Kenaikan (Penurunan)                     Total Equity
                                                                                                                                                                                                                                                                                    189.925.695.632
                                                                                                                                                                                                                                321.171.275.262
       Keterangan                                Komposisi                                Komposisi
                                 2024         December 31              2023                                                   Growth
       Description                             Composition (%)                          Composition (%)                                                        Rasio Pengungkit
                                                                                                                                                                                                                                        0,60                                               0,81
                                                                                                                 Rupiah                         (%)            Gearing Ratio

Liabilitas                  241.169.412.852     34,03%            156.927.750.735          34,03%          84.241.662.117               53,68%
Liabilities

Ekuitas                     321.171.275.262     65,97%                                     65,97%          16.962.978.195               5,58%
Equity                                                            304.208.297.067


                                                                                                                                                               IKATAN MATERIAL
Jumlah Liabilitas                                                                                          101.204.640.312              21,95%
dan Ekuitas                 562.340.688.114     100%              461.136.047.802          100%
Total Liabilities
and Equity
                                                                                                                                                               UNTUK INVESTASI BARANG MODAL
                                                                                                                                                               Material Commitments Related to Capital Investment
Komposisi struktur modal Perseroan di tahun 2024 adalah 57,11%         The composition of the Company’s capital structure in 2024 is 57,11%
liabilitas dan 42,89% ekuitas. Masing-masing komposisi ini mengalami   liabilities and 42,89% equity. Each of these compositions has experienced
peningkatan dari tahun sebelumnya, di mana liabilitas meningkat        an increase from the previous year, with liabilities increasing by 53,68% and           Perseroan tidak memiliki ikatan material untuk investasi barang mod-       The Company did not have any material commitments for capital
sebesar 53,68% dan ekuitas juga meningkat sebesar 5,58%.               equity also increasing by 5,58%.                                                        al di tahun 2024, sehingga informasi yang mencakup tujuan ikatan,          expenditures in 2024. Therefore, the information regarding the purpose of
                                                                                                                                                               sumber daya yang diharapkan dalam memenuhi ikatan tersebut, mata           the commitments, expected resources to fulfill the commitments, currency
                                                                                                                                                               uang denominasi, maupun langkah perencanaan perlindungan dari              denominations, and planning steps for protecting against foreign currency
Kebijakan Perusahaan terkait Struktur Modal                            Company Policy regarding Capital Structure                                              risiko posisi mata uang asing terkait tidak terdapat pada laporan ini.     exchange risk is not included in this report.
Pengelolaan struktur modal Perseroan dilakukan secara cermat dan       In order to maintain a healthy and optimal capital ratio and maximize
disesuaikan dengan perubahan kondisi ekonomi untuk mempertah-          returns to shareholders, the Company manages its capital structure
ankan rasio modal yang sehat dan optimal, sehingga dapat memberi-      by referring to and adjusting to changes in the economic conditions.
kan imbalan yang maksimal kepada para pemegang saham.



                                                                                                                                                               INVESTASI BARANG MODAL
Pengelolaan struktur modal Perseroan mencakup berbagai me-             The management of the capital structure is carried out through several
kanisme, termasuk penyesuaian kebijakan dividen, potensi pengem-       steps, such as adjusting dividend payments to shareholders, return-
balian modal kepada pemegang saham, serta opsi penerbitan saham
baru. Terkait pembayaran dividen, Perseroan menetapkan besaran
                                                                       ing capital to shareholders, or issuing new shares. In terms of dividend
                                                                       payments, the Company adjusts the amount of dividends paid according
                                                                                                                                                               UNTUK INVESTASI BARANG MODAL
yang selaras dengan kebutuhan pendanaan internal dan kapasitas         to the needs of the Company and its ability to generate sufficient income.              Capital Investment
perolehan laba yang memadai.
                                                                                                                                                               Hingga 31 Desember 2024, tidak tercatat adanya investasi barang            As of December 31, 2024, there were no recorded capital expenditures
Perseroan memiliki opsi untuk memberikan imbal hasil modal kepada      The Company is also able to return capital to shareholders through                      modal yang dilakukan Perseroan sehingga informasi mengenai jenis           made by the Company. Therefore, information regarding the types of
pemegang saham melalui pembayaran bunga atau dividen yang pro-         interest     payments   or   dividends    that     correspond       to     the   in-    investasi barang modal, tujuan invetasi barang modal, maupun nilai         capital investments, the purpose of capital investments, and the amount
porsional dengan investasi mereka. Di samping itu, penerbitan saham    vestments      made     by   shareholders.       Additionally,    the      Compa-       investasi barang modal yang dikeluarkan tidak tercakup dalam laporan       of capital investments expended is not included in this report.
baru dapat dipertimbangkan sebagai alternatif untuk memperkuat         ny may consider issuing new shares to obtain additional capital.                        ini.
permodalan Perseroan.




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                                          Ikhtisar Kinerja                  Laporan Manajemen                        Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                   Laporan Keberlanjutan
                                       Performance Highlights                Management Report                        Company Profile                                    Management Discussion And Analysis                    Corporate Governance                     Sustainability Report




INFORMASI DAN FAKTA MATERIAL YANG
TERJADI SETELAH TANGGAL LAPORAN AKUNTAN
Material Information and Facts Happened After the Accountant’s Report Date


                                                                                                                                                    Upaya Perseroan dalam menanggulangi pandemi melalui manaje-              The success is supported by the Company’s efforts in managing the crisis
                                                                                                                                                    men krisis yang optimal, yang memprioritaskan kesehatan dan ke-          and ensuring the health and safety of all its employees. Additionally, the
                                                                                                                                                    selamatan karyawan, serta penerapan efisiensi di berbagai aspek          Company has implemented efficient measures across its operations to
                                                                                                                                                    operasional untuk mengatasi kendala pasokan, logistik, dan material,     address challenges in the supply chain, logistics, and raw materials.
                                                                                                                                                    menjadi fondasi keberhasilan ini.


                                                                                                                                                    Di sisi lain, berdasarkan perkembangan jumlah kendaraan bermotor         On the other hand, based on the development of the number of motorized
                                                                                                                                                    menurut jenis dari data Badan Pusat Statistik (BPS), jumlah kendaraan    vehicles by type according to data from the Central Statistics Agency
                                                                                                                                                    bermotor untuk jenis sepeda motor dari tahun ke tahun terbilang          (BPS), the number of motorcycles has remained relatively stable from year
                                                                                                                                                    cukup stabil. Pada akhir 2024 ada 132,4juta unit motor di Indonesia.     to year. As of the end of 2024, there were 132,4 million motorcycle units
                                                                                                                                                    Selama periode 2013-2024 jumlah sepeda motor di dalam negeri             in Indonesia. During the period 2023-2024, the number of motorcycles
                                                                                                                                                    sudah bertambah sekitar 48,9 juta unit atau tumbuh 64%.                  in the country has increased by approximately 48.9 million units or grown
                                                                                                                                                                                                                             by 64%.


                                                                                                                                                    Dengan proyeksi harga bahan baku yang stabil dan tren peningkatan        The prices of raw materials are expected to remain stable, and the
                                                                                                                                                    permintaan ban dalam serta ban luar baik di pasar domestik mau-          Company will continue to optimize and improve its operations to meet the
                                                                                                                                                    pun ekspor, Perseroan akan terus berupaya mengoptimalkan dan             high demand for both inner and outer tires in the domestic and export
                                                                                                                                                    meningkatkan kinerja operasionalnya.                                     markets.


          Informasi dan fakta material yang terjadi setelah tanggal laporan                                                                         Meskipun industri manufaktur ban belum pulih sepenuhnya, Perse-          Despite the manufacturing tire industry not fully recovering, the Company
                                                                                                                                                    roan tetap optimis bahwa strategi dan inisiatif yang efektif akan mem-   remains optimistic that its optimal and effective strategies and initiatives
          akuntan tertera pada halaman 11 Laporan Keuangan Perusahaan                                                                               bantu mengatasi berbagai tantangan bisnis.                               will help it overcome various business challenges.
          ini.

          There is information and material facts that occurred after the accountant’s
          reporting date, which can be accessed in this Company’s Financial Statements
          on page 11.

                                                                                                                                                    ASPEK PEMASARAN
                                                                                                                                                    Marketing Aspect

PROSPEK USAHA
Business Prospect                                                                                                                                   Optimalisasi aspek pemasaran, termasuk produk dan layanan, mer-          The optimization of marketing aspects, including products and services, is
                                                                                                                                                    upakan kunci pencapaian target kinerja Perseroan. Untuk itu, Per-        a key factor in achieving the Company’s performance targets. Therefore,
                                                                                                                                                    seroan meningkatkan upaya pemasaran melalui analisis mendalam            the Company has enhanced its marketing efforts by conducting market
                                                                                                                                                    terhadap kondisi dan permintaan pasar, yang kemudian diimplemen-         research and analysis to understand the market conditions and demands.
Dalam perjalanan bisnisnya, Perseroan telah berhasil mengatasi be-   The Company has faced various challenges in its business journey, ranging
                                                                                                                                                    tasikan dalam penyusunan dan penerapan beragam strategi pemasa-          This has led to the development and implementation of various marketing
ragam tantangan signifikan, termasuk dampak berkelanjutan pan-       from the prolonged COVID-19 pandemic to obstacles in the supply chain and
                                                                                                                                                    ran.                                                                     strategies in its marketing activities.
demi COVID-19, gangguan rantai pasok dan logistik, serta kenaikan    logistics, as well as increases in raw material prices. However, the Company
biaya bahan baku.                                                    has been able to confront and overcome these hurdles during these times.




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                                          Ikhtisar Kinerja                       Laporan Manajemen                      Profil Perusahaan                                    Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                       Performance Highlights                     Management Report                      Company Profile                                      Management Discussion And Analysis                   Corporate Governance                    Sustainability Report




                                                                                                                                                        Setelah Penawaran Umum Perdana Saham ini, Direksi Perseroan              After this Initial Public Offering, the Company’s Board of Directors plans
                                                                                                                                                        berencana untuk membagikan dividen kepada pemegang saham                 to distribute dividends to the shareholders, with a maximum value of
Pada tahun 2024, peningkatan pemasaran dilakukan Perseroan              In 2023, the Company focused on improving its marketing through its             Perseroan dengan nilai sebanyak-banyaknya 20% (dua puluh persen)         20% (twenty percent) of the net income of the respective fiscal year,
melalui     Divisi/Departemen      Pemasarannya        yang     me-     Marketing Division/Department, which implemented several effective              dari laba bersih tahun buku yang bersangkutan, dimulai dari tahun        starting from the fiscal year 2024, taking into account the decisions of the
nerapkan     berbagai   strategi   yang     dinilai   tepat,   yaitu:   strategies, including:                                                          buku 2024, dengan memperhatikan keputusan para pemegang saham            shareholders at the GMS. If the GMS approves the dividend distribution,
                                                                                                                                                        dalam RUPS. Apabila RUPS menyetujui adanya pembagian dividen,            it shall be distributed to all shareholders recorded on the shareholder
1. Berinovasi dengan menambah berbagai pattern dan ukuran baru          1. Innovating by adding various patterns and new sizes to our tire              maka dividen tersebut akan dibagikan kepada seluruh pemegang             register as of the dividend entitlement date, after considering applicable
  pada produksi ban.                                                         production.                                                                saham yang tercatat pada tanggal daftar pemegang saham yang              tax regulations and withholding taxes, if any. The Company’s the Board of
2. Melakukan kegiatan promosi dengan aktif di acara balapan             2. Engaging in active promotional activities at motor racing events.            berhak atas dividen, dengan memperhitungkan PPh dan pemotongan           Directors may change the dividend policy at any time, subject to approval
   motor.                                                                                                                                               pajak sesuai ketentuan yang berlaku, jika ada. Direksi Perseroan dapat   by the shareholders at the RUPS.
3. Melakukan kegiatan promosi secara langsung ke toko-toko.             3.    Conducting   direct   promotional    activities   at   retail   stores.   melakukan perubahan kebijakan dividen setiap waktu, dengan tunduk
                                                                                                                                                        pada persetujuan dari pemegang saham melalui RUPS.

Melalui strategi ini, Perseroan bertujuan untuk meningkatkan            Through these strategies, the Company sought to enhance its market
kehadiran pasar, menarik pelanggan baru, dan mempertahankan             presence, attract new customers, and retain existing ones. By continuously      Penentuan jumlah dan pembagian dividen tersebut akan bergantung          The determination of the amount and distribution of dividends shall
pelanggan yang sudah ada. Dengan terus meninjau dan menye-              reviewing and adapting its marketing efforts, the Company aimed to stay         pada rekomendasi Direksi Perseroan dengan mempertimbangkan               depend on the recommendation of the Company’s Board of Directors,
suaikan upaya pemasarannya, Perseroan bertujuan untuk tetap kom-        competitive, strengthen its brand image, and achieve its performance            beberapa faktor yang meliputi antara lain:                               considering several factors including:
petitif, memperkuat citra mereknya, dan mencapai tujuan kinerjanya.     goals.
                                                                                                                                                        •   Laba ditahan, hasil usaha dan keuangan, kondisi keuangan,            • Retained earnings, business and financial performance, financial
                                                                                                                                                            kondisi likuiditas, prospek usaha di masa depan (termasuk belanja    condition, liquidity, future business prospects (including capital
                                                                                                                                                            modal dan akuisisi), kebutuhan kas, kesempatan bisnis;               expenditures and acquisitions), cash needs, business opportunities.
                                                                                                                                                        •   Faktor-faktor lain yang dianggap relevan oleh Direksi.               • Other relevant factors deemed appropriate by the Board of Directors.


                                                                                                                                                        Tidak ada negative covenant yang dapat menghambat Perseroan              There are no negative covenants that would hinder the Company from
                                                                                                                                                        untuk melakukan pembagian dividen kepada Pemegang Saham.                 distributing dividends to the shareholders. The new shareholders resulting
                                                                                                                                                        Para pemegang saham baru yang berasal Penawaran Umum Perdana             from this Initial Public Offering shall have the same rights and privileges
KEBIJAKAN DIVIDEN                                                                                                                                       Saham ini akan memperoleh hak-hak yang sama dan sederajat dengan         as the existing shareholders of the Company, including the right to receive
                                                                                                                                                        pemegang saham lama Perseroan, termasuk hak untuk menerima               dividends.
Dividend Policy                                                                                                                                         dividen.



Sesuai dengan peraturan perundang-undangan Indonesia, khususn-          According to Indonesian laws and regulations, particularly the Company
ya UUPT, Perseroan dapat membagikan dividen. Pembagian dividen          Law, the company is allowed to distribute dividends. The distribution of
mengacu pada ketentuan-ketentuan yang terdapat pada Anggaran            dividends is subject to the provisions stated in the Company’s Articles of
Dasar Perseroan dan persetujuan pemegang saham pada RUPS serta          Association and the approval of shareholders at the General Meeting of
mempertimbangkan kewajaran atas pembagian dividen tersebut dan          Shareholders (GMS), taking into consideration the fairness of the dividend
juga kepentingan Perseroan. Berdasarkan Pasal 70 dan 71 UUPT,           distribution and the interests of the Company. Based on Article 70 and
selama Perseroan memiliki saldo laba positif dan telah mencadangkan     71 of the Company Law, as long as the Company has a positive retained
laba tersebut, Perseroan dapat membagikan dividen tunai atau sa-        earnings balance and has set aside the necessary reserves, the Company          REALISASI PENGGUNAAN DANA
ham dengan ketentuan bahwa (1) pemegang saham Perseroan telah
menyetujui pembagian dividen tersebut pada RUPS dan (2) Perseroan
                                                                        can distribute cash dividends or dividends in the form of shares, provided
                                                                        that (1) shareholders have approved the dividend distribution at the            HASIL PENAWARAN UMUM
memiliki laba bersih yang cukup untuk pembagian dividen tersebut.       GMS, and (2) the Company has sufficient net income for the dividend             Realization of the Use of Public Offering Proceeds
                                                                        distribution.

                                                                                                                                                        Hingga akhir tahun 2024, Perseroan belum melakukan penawaran             Until the end of 2024, the Company has not conducted an initial public
Dividen interim dapat dibagikan pada akhir tahun keuangan selama        Interim dividends may be distributed at the end of the financial year,
                                                                                                                                                        umum sehingga belum ada realisasi dana hasil penawaran umum yang         offering (IPO), and therefore, there has been no realization of funds from
tidak melanggar ketentuan dari Anggaran Dasar Perseroan dan             as long as it complies with the provisions of the Company’s Articles of
                                                                                                                                                        tercantum dalam laporan ini..                                            the IPO recorded in this report.
pembagian tersebut tidak menyebabkan kekayaan bersih Perseroan          Association and does not reduce the Company’s net assets below the
lebih kecil dari modal ditempatkan dan disetor. Pembagian dividen       issued and paid-up capital. The determination of interim dividends is made
interim ditentukan oleh Direksi setelah mendapatkan persetujuan         by the Board of Directors with the approval of the Board of Commissioners.
dari Dewan Komisaris. Jika pada akhir tahun keuangan Perseroan          If the Company incurs a loss at the end of the financial year, any interim
mengalami kerugian, dividen interim yang telah dibagikan harus          dividends distributed must be returned by the shareholders to the
dikembalikan oleh para pemegang saham kepada Perseroan. Dalam           Company. In the event that shareholders are unable to return the interim
hal pemegang saham tidak dapat mengembalikan dividen interim,           dividends, the Board of Directors and the Board of Commissioners shall be
maka Direksi dan Dewan Komisaris akan bertanggung jawab secara          jointly liable for the Company’s losses.
tanggung renteng atas kerugian Perseroan.




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                                             Ikhtisar Kinerja                       Laporan Manajemen                    Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                        Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                          Performance Highlights                     Management Report                    Company Profile                                    Management Discussion And Analysis                       Corporate Governance                   Sustainability Report




INFORMASI DAN FAKTA MATERIAL
TERKAIT INVESTASI, EKSPANSI, DIVESTASI,
PENGGABUNGAN/ PELEBURAN USAHA, AKUISISI,
RESTRUKTURISASI UTANG/MODAL, TRANSAKSI
MATERIAL, TRANSAKSI AFILIASI, DAN TRANSAKSI
BENTURAN KEPENTINGAN
Material Information On Investments, Expansions,
Divestments, Mergers, Consolidation, Acquisitions, Capital/Debt Restructuring                                                                           Penerapan Amendemen dan Penyesuaian PSAK                                 Application of Amendments and Adjustments to PSAK
                                                                                                                                                        Perseroan dan Entitas Anak menerapkan amendemen dan penye-               The Company and its Subsidiaries have implemented the mandatory
                                                                                                                                                        suaian PSAK yang wajib diberlakukan mulai 1 Januari 2022. Penerapan      amendments and adjustments to the PSAK starting from January 1,
                                                                                                                                                        amendemen dan penyesuaian PSAK ini tidak mengakibatkan                   2022. The application of these amendments and adjustments to the
Selama tahun buku 2024, Perseroan tidak melaksanakan transaksi            During the fiscal year 2024, the Company did not carry out any                perubahan substansial pada kebijakan akuntansi Perseroan dan             PSAK did not result in substantial changes to the accounting policies of
material yang berhubungan dengan investasi, ekspansi, divestasi,          material transactions related to investments, expansions, divestments,        Entitas Anak, dan tidak memiliki pengaruh material terhadap jumlah       the Company and its Subsidiaries, and it did not have a material im-
penggabungan/peleburan usaha, akuisisi, restrukturisasi utang/            mergers/acquisitions, acquisitions, debt/capital restructuring, material      yang dilaporkan untuk periode keuangan saat ini atau sebelumnya:         pact on the amounts reported for the current or prior financial periods:
modal, transaksi material, transaksi afiliasi, ataupun transaksi ben-     transactions, affiliate transactions, or conflict of interest transactions.
turan kepentingan, sehingga informasi mengenai hal tersebut tidak         Therefore, information regarding these matters is not included in this        •   Amendemen PSAK 22, “Kombinasi Bisnis tentang Referensi ke            •     Amendment to PSAK 22, “Business Combinations: References to the
terdapat dalam laporan ini.                                               report.                                                                           Kerangka Konseptual”;                                                      Conceptual Framework”;
                                                                                                                                                        •   Amendemen PSAK 57, “Provisi, Liabilitas Kontinjensi, dan Aset        •     Amendment to PSAK 57, “Provisions, Contingent Liabilities, and
                                                                                                                                                            Kontinjensi tentang Kontrak yang Merugi - Biaya Memenuhi                   Contingent Assets: Cost of Fulfilling a Contract”;
                                                                                                                                                            Kontrak”;
                                                                                                                                                        •   PSAK 71 (Penyesuaian Tahunan 2020), “Instrumen Keuangan”;            •     PSAK 71 (2020 Annual Update), “Financial Instruments”; and
                                                                                                                                                            dan

PERUBAHAN PERATURAN PERUNDANG-UNDANGAN                                                                                                                  •   PSAK 73 (Penyesuaian Tahunan 2020), “Sewa”.                          •     PSAK 73 (2020 Annual Update), “Leases”.

Changes in the Law Regulations
                                                                                                                                                        Siaran Pers Mengenai “Pengatribusian Imbalan pada Periode Jasa”          Press Release on “Attribution of Benefits in Service Period” Issued in April
                                                                                                                                                        yang        Diterbitkan      pada        Bulan       April       2022    2022
Selama tahun 2024, Perseroan tidak menemukan perubahan pada               Throughout the year 2024, the Company did not encounter any                   Pada bulan April 2022, DSAK IAI mengeluarkan siaran pers mengenai        In April 2022, IAI DSAK issued a press release on the “Attribution of
peraturan perundang-undangan yang berpengaruh signifikan terhadap         significant changes in legislation that had a substantial impact on its       “Pengatribusian Imbalan pada Periode Jasa” sebagai bahan penjelasan      Benefits in Service Period” as an explanation of the relevant requirements
operasional Perseroan secara umum.                                        overall operations.                                                           terhadap persyaratan yang relevan dari PSAK 24, “Imbalan Kerja”, yang    of PSAK 24, “Employee Benefits,” specifically addressing the manner of
                                                                                                                                                        secara khusus menjelaskan cara mengatribusikan imbalan pensiun           attributing pension benefits to the service period of a pension program
                                                                                                                                                        pada periode jasa program pensiun dengan pola tertentu berdasarkan       with certain patterns based on the prevailing laws in Indonesia.
                                                                                                                                                        Undang-Undang yang berlaku di Indonesia.


                                                                                                                                                        Berdasarkan siaran pers, DSAK IAI mengamati bahwa entitas perlu          Based on the press release, IAI DSAK observed that entities need to
                                                                                                                                                        mengatribusikan imbalan pensiun hanya untuk setiap tahun di mana         attribute pension benefits only for each year in which an employee provides
                                                                                                                                                        seorang pekerja memberikan jasa sejak usia sebelum usia pensiun,         services from 24 years before the retirement age (or, if the employment
PERUBAHAN KEBIJAKAN AKUNTANSI                                                                                                                           yaitu 24 tahun sebelum usia pensiun (atau, jika pekerjaan dimulai pada   commences at or after 24 years before the retirement age, starting from
                                                                                                                                                        atau setelah 24 tahun sebelum usia pensiun, terhitung sejak karyawan     the employee’s initial employment until the retirement age).
Changes in the Accounting Policy
                                                                                                                                                        pertama kali bekerja sampai dengan usia pensiun).


Laporan keuangan konsolidasian Perseroan dan Entitas Anak telah           The consolidated financial statements of the Company and its Subsidiaries     Setiap perubahan liabilitas diestimasi atas imbalan kerja karyawan       Any changes in the estimated liability for employee benefits after the

disusun dan disajikan sesuai dengan SAK di Indonesia, meliputi            have been prepared and presented in accordance with the Financial             setelah penerapan atribusi imbalan sebagaimana dijelaskan dalam          application of benefit attribution as described in this press release are

Pernyataan Standar Akuntansi Keuangan (PSAK) dan Interpretasi             Accounting Standards in Indonesia, including the Statement of Financial       siaran pers ini dianggap sebagai perubahan kebijakan akuntansi.          considered changes in accounting policy. According to the press release,

Standar Akuntansi Keuangan (ISAK) yang diterbitkan oleh Dewan             Accounting Standards (PSAK) and Interpretation of Financial Accounting        Berdasarkan siaran pers, setiap perusahaan perlu menilai waktu yang      each company needs to assess a reasonable timeframe to change its

Standar Akuntansi Keuangan Ikatan Akuntan Indonesia (DSAK IAI).           Standards (ISAK) issued by the Indonesian Institute of Accountants            wajar untuk mengubah kebijakan akuntansinya terkait hal ini.             accounting policy regarding this matter.

                                                                          Financial Accounting Standards Board (DSAK IAI).
                                                                                                                                                        Perseroan dan Entitas Anak telah menerapkan persyaratan dari siaran      The Company and its Subsidiaries have implemented the requirements of

Adapun perubahan kebijakan akuntansi sesuai dengan SAK (PSAK dan          The following are the changes in accounting policies in accordance with       pers dan telah melakukan perikatan dengan aktuaris independen            the press release and have engaged an independent actuary to calculate

DSAK)   hingga   31   Desember     2024     dijabarkan   berikut   ini.   the Financial Accounting Standards (PSAK and DSAK) until December 31,         untuk menghitung dampak dari perubahan kebijakan akuntansi ini.          the impact of this accounting policy change.

                                                                          2024, as described below.




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                                                                                                      TATA KELOLA
                                                                                                      PERUSAHAAN
                                                                                                      Corporate Governance




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                                               Ikhtisar Kinerja                Laporan Manajemen                         Profil Perusahaan                                    Analisis Dan Pembahasan Manajemen                  Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                            Performance Highlights              Management Report                         Company Profile                                      Management Discussion And Analysis                 Corporate Governance                    Sustainability Report




IMPLEMENTASI TATA KELOLA PERUSAHAAN                                                                                                                      RAPAT UMUM PEMEGANG SAHAM
Implementation of Corporate Governance                                                                                                                   General Meeting Shareholders

Implementasi Tata Kelola Perseroan merupakan prioritas utama bagi       The implementation of Corporate Governance for the Company is                    Rapat Umum Pemegang Saham (RUPS) merupakan organ yang                  The General Meeting of Shareholders (GMS) is the organ that has the
seluruh elemen Perseroan, terutama bagi organ-organ dalam struk-        an important objective that must be the focus of all the Company’s               memiliki posisi tertinggi di dalam struktur tata kelola. Di dalam      highest position in the governance structure. Within the Company, the
tur tata kelola. Pelaksanaan yang tepat dari tata kelola ini esensial   personnel, especially the organs within the governance structure. Proper         Perseroran, RUPS memiliki kewenangan khusus yang tidak diberikan       GMS has special powers that are not given to the Board of Commissioners
dalam mendukung operasional yang efektif, efisien, kondusif, serta      implementation plays an important role in supporting the implementation          kepada Dewan Komisaris maupun Direksi dalam batas yang diatur          or the Board of Directors within the limits stipulated in the applicable laws
pencapaian target yang diharapkan.                                      of operational activities that are effective, efficient, conducive, and          dalam peraturan perundang-undangan yang berlaku. RUPS menjadi          and regulations. The GMS is a forum for the Management and Shareholders
                                                                        generate results that meet such expectations.                                    wadah bagi Manajemen serta Pemegang Saham Perusahaan untuk             of the Company to make important decisions related to strategies, policies,
                                                                                                                                                         melakukan pengambilan keputusan penting terkait strategi, kebijakan,   and management of business operations for the benefit of the Company.
Penerapan tata kelola yang ideal juga krusial bagi Perseroan dalam      The existence of an ideal implementation also supports the Company’s             dan pengelolaan operasional bisnis untuk kepentingan Perseroan.        The GMS must be held at least once a year.
melindungi kepentingan Pemegang Saham dan Pemangku Kepentin-            efforts to maintain the interests of the Shareholders and Stakeholders as        Penyelenggaraan RUPS dilakukan sekurang-kurangnya 1 kali dalam
gan sesuai dengan ketentuan Anggaran Dasar dan peraturan perun-         stipulated in the Articles of Association and the provisions of the applicable   setahun.
dang-undangan yang berlaku.                                             laws and regulations.

                                                                                                                                                         Landasan Hukum Pelaksanaan RUPS                                        Legal Basis of GMS Implementation
                                                                                                                                                         Landasan hukum pelaksanaan RUPS adalah:                                The legal basis for implementing a GMS is:
                                                                                                                                                         1.    Anggaran Dasar dan POJK No.32/POJK.04/2014 tanggal 8             1.    Articles of Association and OJK Regulation No. 32/POJK.04/2014
                                                                                                                                                                                                                                     dated 8 December 2014 on the Plan and Implementation of the
PRINSIP-PRINSIP TATA KELOLA PERUSAHAAN
                                                                                                                                                              Desember 2014 tentang Rencana dan Penyelenggaraan RUPS
                                                                                                                                                              Perseroan Terbuka sebagaimana telah diubah dengan POJK                 GMS of Public Companies as amended by OJK Regulation No. 10/
Corporate Governance Principles                                                                                                                               No.10/ POJK.04/2017 tanggal 14 Maret 2017.                             POJK.04/2017.
                                                                                                                                                         2. POJK No.15/POJK.04/2020 tentang Rencana dan                         2. POJK No. 15/POJK.04 2020 on the Plan and Implementation of
                                                                                                                                                              Penyelenggaraan Rapat Umum Pemegang Saham Perseroan                    General Meeting of Shareholders of Public Companies.
Komitmen Perseroan dalam menghadirkan proses bisnis yang penuh          The Company’s commitment in presenting business processes that are                    Terbuka.
amanah, beretika baik, serta patuh pada peraturan yang berlaku          full of trust, good ethics, and compliance with applicable regulations is
diwujudkan salah satunya melalui implementasi prinsip-prinsip Tata      manifested through the implementation of Good Corporate Governance               Rapat Umum Pemegang Saham Tahun 2024                                   2024 General Meeting Shareholders
Kelola Perusahaan yang Baik (Good Corporate Governance atau GCG).       (GCG) principles.                                                                Di tahun 2024, Perseroan belum menyelenggarakan Rapat Umum             In 2024, the Company did not hold a General Meeting of Shareholders
                                                                                                                                                         Pemegang Saham (RUPS).                                                 (GMS).
Terdapat 5 prinsip GCG yang dijadikan sebagai acuan dalam               There are 5 principles of GCG that are used as a reference in implementing
menjalankan penerapan Tata Kelola Perusahaan secara keseluruhan,        the   implementation      of   Corporate     Governance      as   a    whole,
yakni antara lain:                                                      namely:
• Transparansi                                                          • Transparency
Perseroan secara transparan harus menyediakan informasi                 The Company must transparently provide accurate, clear, and
material yang akurat, jelas, dan relevan tentang laporan keuangan       relevant material information about the financial statements and/or
dan/atau kegiatan usaha Perseroan.                                      business activities of the company.


• Akuntabilitas                                                         • Accountability
Perseroan harus memastikan semua keputusan dan tindakan                 The Company must ensure that all decisions and actions are publicly
dapat dipertanggungjawabkan kepada publik.                              accountable.


• Tanggung Jawab                                                        • Responsibility
Perseroan harus menjalankan usaha secara bertanggung jawab              The Company must run its business responsibly and prioritize
dan mengedepankan kepatuhan terhadap hukum dan peraturan                compliance with applicable laws and regulations.
yang berlaku.


• Independensi                                                          • Independency
Perseroan harus dikelola secara profesional tanpa benturan              The Company must be managed professionally without such conflict
kepentingan dan tekanan dari pihak manapun yang tidak seusai            of interest and pressure from any party that is not in accordance with
dengan hukum dan peraturan yang berlaku serta prinsip-prinsip           applicable laws and regulations as well as good corporate principles.
korporasi yang sehat.
                                                                        • Equality
• Kesetaraan                                                            The Company must fulfill the rights of shareholders based on the
Perseroan harus memenuhi hak-hak pemegang saham                         applicable laws and regulations as well as act based on fairness and
berdasarkan hukum dan peraturan perundang-undangan yang                 equality.
berlaku serta bertindak adil dan setara.t




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                                           Ikhtisar Kinerja                       Laporan Manajemen                       Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan                     Laporan Keberlanjutan
                                        Performance Highlights                     Management Report                       Company Profile                                    Management Discussion And Analysis                      Corporate Governance                       Sustainability Report




DEWAN KOMISARIS
The Board of Commissioners
                                                                                                                                                         Rapat Dewan Komisaris                                                      The Board of Commissioners Meeting
                                                                                                                                                         Rapat Internal Dewan Komisaris                                             Internal Meetings of the Board of Commissioners
Dewan Komisaris merupakan bagian dari struktur tata kelola yang           The Board of Commissioners is the part of the governance structure whose
                                                                                                                                                         dan Rapat Gabungan dengan Direksi                                          and Joint Meetings with the Board of Directors
berperan menjalankan pengawasan pada seluruh pengelolaan                  role is to supervise the entire management of the Company which is the
                                                                                                                                                         Dewan Komisaris secara rutin mengadakan pertemuan sebagai sara-            The Board of Commissioners regularly holds meetings as a means to
Perseroan yang menjadi tanggung jawab Direksi. Dewan Komisaris            responsibility of the Board of Directors. The Board of Commissioners is
                                                                                                                                                         na untuk membicarakan masalah-masalah penting yang terkait den-            discuss important issues related to the overall business activities of the
bertugas memberikan masukan kepada Direksi berupa rekomendasi             tasked with providing suggestion to the Board of Directors in the form of
                                                                                                                                                         gan aktivitas bisnis Perseroan secara keseluruhan. Terdapat dua jenis      Company. There are two types of meetings that are conducted, namely
dan saran yang berhubungan dengan operasional dan keuangan                recommendations and suggestions related to the Company’s operations
                                                                                                                                                         pertemuan yang diadakan, yaitu pertemuan internal dan pertemuan            internal meetings and joint meetings with the Board of Directors. In the
Perseroan. Pelaksanaan kebijakan strategis Perseroan yang dilakukan       and finances. The implementation of the Company’s strategic policies
                                                                                                                                                         gabungan dengan Direksi. Dalam pertemuan gabungan dengan                   joint meetings with the Board of Directors, topics requiring explanations,
oleh Direksi juga turut dipantau oleh Dewan Komisaris agar dapat          carried out by the Board of Directors is also monitored by the Board
                                                                                                                                                         Direksi, topik-topik yang membutuhkan penjelasan, keterangan, dan          clarifications, and information from the Directors are discussed.
berjalan sesuai dengan rencana. Dewan Komisaris secara kolektif           of Commissioners so that it can run according to plan. The Board of
                                                                                                                                                         informasi dari pihak Direksi dibahas.
bertanggung jawab kepada para Pemegang Saham dan menjadi pihak            Commissioners is collectively responsible to the Shareholders and is
yang memastikan penerapan praktik GCG di dalam Perseroan telah            the party that ensures the implementation of GCG practices within the
                                                                                                                                                         Selama tahun 2024, Dewan Komisaris telah mengadakan pertemuan              During the year 2024, the Board of Commissioners has conducted internal
terlaksana dengan baik.                                                   Company has been carried out properly.
                                                                                                                                                         internal sebanyak 4 kali dan pertemuan gabungan sebanyak 2 kali.           meetings 4 times times and joint meetings 2 times. The attendance of all
                                                                                                                                                         Partisipasi seluruh anggota Dewan Komisaris dalam pertemuan                members      of       the    Board   of   Commissioners    in    the   internal
Komposisi Dewan Komisaris                                                 The Composition of the Board of Commissioners                                  internal dan pertemuan gabungan dapat dilihat dalam tabel berikut:         meetings and joint meetings is summarized in the following table.
Komposisi Dewan Komisaris Perseroan berdasarkan Akta No. 143              The composition of the Board of Commissioners the Company based on
                                                                                                                                                         Terbuka.
tanggal     14       Desember         2022      adalah       sebagai      Deed No. 143, dated December 14, 2022 are as follows:
berikut:perundang-undangan yang berlaku.

                  Nama                                           Jabatan                                            Periode Jabatan                                       Nama                       Jumlah Rapat                             Jumlah Kehadiran                     Tingkat Kehadiran (%)
                  Name                                           Position                                           Term of Officet                                       Name                      Total Meetings                           Total of Attendance                    Attendance Rate (%)

                                                 Komisaris Utama                                                                                                                                                           Rapat Internal
 Indra Muliawan                                                                                                                 2022–2027
                                                 President Commissioner                                                                                                                                                   Internal Meeting
                                                 Komisaris                                                                                                                                                4                                           4
 Hardy Setiawan                                                                                                                 2022–2027                Indra Muliawan                                                                                                                       100%
                                                 Commissioner
                                                 Komisaris Independen
 Danny Setiawan                                                                                                                 2022–2027                Hardy Setiawan                                   4                                           4                                       100%
                                                 Independent Commissioner

                                                                                                                                                         Danny Setiawan                                   4                                           4                                       100%

Tugas dan Tanggung Jawab Dewan Komisaris                                  Duties and Responsibilities of the Board of                                                                                               Rapat Gabungan dengan Direksi
                                                                          Commissioners                                                                                                                       Joint Meetings with the Board of Directors

Dewan Komisaris memegang peranan dengan menjalankan tugas                 The Board of Commissioners plays a role by carrying out the following                                                           2                                           2
                                                                                                                                                         Indra Muliawan                                                                                                                       100%
dan tanggung jawab sebagai berikut:                                       duties and responsibilities:
1. Melaksanakan pengawasan terhadap pelaksanaan tugas dan                 1.    Supervising the implementation of the duties and responsibilities of     Hardy Setiawan                                   2                                           2                                       100%
   tanggung jawab Direksi termasuk mengarahkan, memantau, dan                  the Board of Directors including directing, monitoring, and evaluating
   mengevaluasi pelaksanaan kebijakan strategis Perseroan.                      the implementation of the Company’s strategic policies.                  Danny Setiawan                                   2                                           2                                       100%
2. Memastikan terselenggaranya prinsip-prinsip GCG pada seluruh           2.   Ensuring the implementation of GCG principles at all levels or levels
   tingkatan atau jenjang Manajemen.                                           of Management.
3. Memberikan pendapat dan saran kepada Direksi tentang Laporan           3.   Providing opinions and suggestions to the Board of Directors
                                                                                                                                                         Kehadiran Dewan Komisaris dalam RUPS
   Keuangan dan memastikan Direksi telah menindaklanjuti dan                   regarding the Financial Statements and ensure that the Board              Attendance of the Board of Commissioners at the GMS
  menanggapi laporan dan rekomendasi Dewan Komisaris, Auditor                  of Directors has followed up and responded to the reports and
                                                                                                                                                                                                                                        Dewan Komisaris
  serta Pemegang Saham.                                                        recommendations of the Board of Commissioners, Auditors, and                                                                                        The Board of Commissioners
4. Memastikan bahwa manajemen risiko telah diterapkan, termasuk                Shareholders.                                                                       RUPS Perseroan
                                                                                                                                                                 The Company’s GMS                    Harris Muliawan                                                                 Danny Setiawan
  fungsi kepatuhan dan perencanaan strategis.                             4. Ensuring that risk management has been implemented, inc luding the                                                                                              Hardy Setiawan

                                                                               compliance function and strategic planning.
                                                                                                                                                         Indra Muliawan                                   N/A                                         N/A                                     N/A


                                                                                                                                                         Hardy Setiawan                                   N/A                                         N/A                                     N/A
Piagam Dewan Komisarist                                                   The Board of Commissioners Charter
Hingga akhir tahun 2024, Perseroan belum memiliki Piagam (Charter)        Until the end of 2024, the Company does not yet have the Board
                                                                                                                                                         Danny Setiawan                                   N/A                                         N/A                                     N/A
Dewan Komisaris. Pelaksanaan tugas dan tanggung jawab Dewan               of Commissioners Charter. The implementation of the duties and
Komisaris dilakukan dengan mengacu pada Anggaran Dasar, Akta              responsibilities of the Board of Commissioners is carried out with reference
No.143 tanggal 14 Desember 2022, dan ketentuan peraturan                  to the Articles of Association, Deed No. 143 dated December 14, 2022,
perundangan-undangan yang berlaku.                                        and the provisions of the applicable laws and regulations.




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                                            Ikhtisar Kinerja                    Laporan Manajemen                       Profil Perusahaan                                    Analisis Dan Pembahasan Manajemen                        Tata Kelola Perusahaan                         Laporan Keberlanjutan
                                         Performance Highlights                  Management Report                       Company Profile                                      Management Discussion And Analysis                       Corporate Governance                           Sustainability Report




                                                                                                                                                       DIREKSI
                                                                                                                                                       The Board of Directors
                                                                        Competency Enhancement of the Board of
Peningkatan Kompetensi Dewan Komisaris                                  Commissioners                                                                  Di dalam struktur tata kelola, Direksi adalah organ Perseroan yang            Within the governance structure, the Board of Directors is the organ of
                                                                                                                                                       memegang tanggung jawab penuh atas seluruh aktivitas operasional              the Company that holds full responsibility for all operational activities
Selama tahun 2024, Dewan Komisaris tidak mengikuti program              In 2023, the Board of Commissioners did not participate in such                Perseroan. Direksi bertugas melakukan pengelolaan dan pengurusan              of the Company. The Board of Directors is assigned with managing and
peningkatan kompetensi dalam bentuk pendidikan dan/atau pelatihan.      competency improvement program in the form of education and/or                 proses bisnis yang dijalankan Perseroan sesuai dengan yang ditetapkan         administering the business processes carried out by the Company in
                                                                        training.                                                                      dalam Anggaran Dasar Perseroan dan undang-undang yang berlaku.                accordance with those stipulated in the Company’s Articles of Association
                                                                                                                                                       Dalam melaksanakan tugasnya tersebut, Direksi juga dapat bertindak            and applicable laws. In carrying out these duties, the Board of Directors
Meski di tahun 2024 belum mengikuti pelatihan maupun pendidikan,        Although in 2023 it has not participated in such training or education,        sebagai perwakilan Perseroan di dalam maupun di luar pengadilan               also act as a representative of the Company inside and outside the court
Perseroan tetap berkomitmen untuk mendukung peningkatan kualitas        the Company remains committed to supporting the improvement of the             sebagaimana diatur dalam Anggaran Dasar dan peraturan perunda-                as stipulated in the Articles of Association and the laws and regulations.
kinerja Dewan Komisaris di tahun-tahun selanjutnya.                     quality of the performance of the Board of Commissioners in the following      ngundangan.
                                                                        years


Penilaian Dewan Komisaris atas Komite di Bawah                          Assessment of the Board of Commissioners on the                                Komposisi Direksi                                                             The Composition of the Board of Directors
Dewan Komisaris                                                         Committees under the Board of Commissioners                                    Komposisi Direksi Perseroan berdasarkan Akta No. 143 tanggal 14               The composition of the Company’s Board of Directors based on Deed
                                                                                                                                                       Desember 2022 adalah sebagai berikut:                                         No.143 dated December 14, 2022 are as follows:
Komite yang berada di bawah Dewan Komisaris terdiri dari Komite         The committees under the Board of Commissioners consist of the
Audit serta Komite Nominasi dan Remunerasi. Penilaian terhadap          Audit Committee and the Nomination and Remuneration Committee.
kinerja komite-komite tersebut dilakukan dengan melihat pelaksanaan     Assessment of the performance of these committees is carried out by
                                                                                                                                                                         Nama                                                   Jabatan                                                   Periode Jabatan
tugas dan tanggung jawab yang dilakukan sepanjang tahun buku.           looking at the implementation of the duties and responsibilities carried                         Name                                                   Position                                                  Term of Officet
                                                                        out throughout the financial year.
                                                                                                                                                                                                              Direktur Utama
                                                                                                                                                       Harris Muliawan                                                                                                                    2022–2027
                                                                                                                                                                                                              President Director
Seluruh komite tersebut di tahun 2024 dinilai telah memenuhi            All of the committees in 2023 were considered to have fulfilled their
                                                                                                                                                                                                              Direktur
                                                                                                                                                       Ferry Chandra Kusuma                                                                                                               2022–2027
fungsinya dengan baik melalui pelaksanaan tugas dan tanggung            functions well through the effective and efficient implementation of                                                                  Director
jawabnya secara efektif dan efisien. Hasil optimal tersebut tercermin   their duties and responsibilities. The optimal results were reflected in the                                                          Direktur
                                                                                                                                                       Aneka Warna                                                                                                                        2022–2027
dari aspek audit serta nominasi dan remunerasi yang seluruhnya telah    audit aspect as well as the nomination and remuneration which have                                                                    Director
berjalan baik dan sesuai dengan tugas dan tanggung jawab yang           all been running well and in accordance with the assigned duties and                                                                  Direktur
                                                                                                                                                       Habibullah                                                                                                                         2022–2027
                                                                        responsibilities as well as the work plan that has been prepared previously.                                                          Director




                                                                                                                                                       Tugas dan Tanggung Jawab Masing-masing Direksi                                Duties and Responsibilities of Each the Board of Directors
                                                                                                                                                       Direksi memiliki tugas pokok sebagai berikut:                                 The Board of Directors has main duties, as follows:


                                                                                                                                                       1.   Memimpin, mengurus, dan mengendalikan Perseroan sesuai                   1.     Leading, managing, and controlling the Company in accordance with
                                                                                                                                                            dengan maksud dan tujuan Perseroan serta senantiasa berusaha                    the purposes and objectives of the Company and always strive to
                                                                                                                                                            meningkatkan efisiensi dan efektivitas Perseroan;                               improve    the      efficiency    and   effectiveness   of   the   Company;
                                                                                                                                                       2.   Menguasai, memelihara, dan mengurus kekayaan Perseroan;                  2.     Controlling, maintaining, and managing the assets of the Company;
                                                                                                                                                       3.   Menyusun rencana kerja tahunan yang memuat anggaran                      3.     Preparing an annual work plan that contains the Company’s annual
                                                                                                                                                            tahunan Perseroan dan wajib disampaikan kepada Dewan                            budget and must be submitted to the Board of Commissioners for
                                                                                                                                                            Komisaris untuk memperoleh persetujuan dari Dewan Komisaris,                    approval from the Board of Commissioners, before the start of the
                                                                                                                                                            sebelum dimulainya tahun buku yang akan datang;                                 next fiscal year;
                                                                                                                                                       4.   Direksi dapat membentuk komite dan berkewajiban melakukan                4.     The Board of Directors may form a committee and is obliged
                                                                                                                                                            evaluasi terhadap kinerja komite tersebut setiap akhir tahun                    to evaluate the performance of the committee at the end of
                                                                                                                                                            buku Perseroan, serta untuk mendukung pelaksanaan prinsip                        each financial year of the Company, as well as to support the
                                                                                                                                                            tata kelola Perseroan yang baik oleh Perseroan;                                 implementation of the principles of good corporate governance by
                                                                                                                                                       5.   Menindaklanjuti semua hasil temuan audit dan rekomendasi dari                   the Company;
                                                                                                                                                            Unit Audit Internal, Auditor Eksternal, OJK (jika ada), dan pihak        5. Following up on all audit findings and recommendations from the
                                                                                                                                                            pihak terkait lainnya untuk kemudian dilaporkan kepada Dewan                    Internal Audit Unit, External Auditor, OJK (if any), and other related
                                                                                                                                                            Komisaris;                                                                      parties   to     be    reported    to   the     Board   of   Commissioners;
                                                                                                                                                       6. Mendukung peran Dewan Komisaris sebagai organ pengawas                     6. Supporting the role of the Board of Commissioners as the Company’s
                                                                                                                                                            Perseroan dengan cara memberikan informasi secara akurat dan                   supervisory organ by providing accurate and timely information and
                                                                                                                                                            tepat waktu serta menyediakan segala fasilitas yang diperlukan                 providing all facilities required by the Board of Commissioners in
                                                                                                                                                            oleh Dewan Komisaris dalam menjalankan tugas pengawasannya                     carrying out its supervisory duties;




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                                                  Ikhtisar Kinerja                      Laporan Manajemen                        Profil Perusahaan                                 Analisis Dan Pembahasan Manajemen                      Tata Kelola Perusahaan              Laporan Keberlanjutan
                                               Performance Highlights                    Management Report                        Company Profile                                   Management Discussion And Analysis                     Corporate Governance                Sustainability Report




7.     Menyelenggarakan Rapat Umum Pemegang Saham (RUPS);                       7.    Holding the General Meeting of Shareholders (GMS);
8.     Mempertanggungjawabkan pelaksanaan tugasnya kepada                       8.    Accountable for the implementation of their duties to shareholders
       pemegang saham melalui RUPS; dan                                               through the GMS; and
9. Memperhatikan kepentingan semua pemangku kepentingan                         9.    Taking into account the interests of all stakeholders (stakeholders) of
      (stakeholder) Perseroan sesuai dengan peraturan perundang                      the Company in accordance with the applicable laws and regulations.
                                                                                                                                                                                 Nama                    Jumlah Rapat                             Jumlah Kehadiran               Tingkat Kehadiran (%)
       undangan yang berlaku.                                                                                                                                                    Name                   Total Meetings                           Total of Attendance              Attendance Rate (%)

                                                                                                                                                                                                                               Rapat Internal
                                                                                                                                                                                                                              Internal Meeting

     Tugas dan Tanggung Jawab Masing-masing Direksi                                                                                                             Harris Muliawan                                  4                                      4
                                                                                                                                                                                                                                                                                          100%
     Duties and Responsibilities of Each the Board of Directors
                                                                                                                                                                Ferry Chandra Kusuma                             4                                      4                                 100%


                                           Jabatan                                                                                                              Aneka Warna                                      4                                      4                                 100%
                   Nama                                                              Tugas dan Tanggung Jawab
                   Name                    Position                                  Duties and Responsibilities
                                                                                                                                                                Habibullah                                                                                                                100%
                                   Direktur Utama                  Bertugas dan bertanggung jawab atas bisnis Perseroan secara menyeluruh.                                                                       4                                      4
Harris Muliawan                    President Director              Responsible for and accountable for the Company’s overall business.
                                                                                                                                                                                                                     Rapat Gabungan dengan Dewan Komisaris
                                   Direktur                        Bertugas dan bertanggung jawab atas penjualan Perseoran.                                                                                          Joint Meetings with the Board of Directors
Ferry Chandra Kusuma               Director                        Responsible for and accountable for the sales of the Company
                                                                                                                                                                Harris Muliawan                                  2                                  2                                     100%
                                   Direktur                        Bertugas dan bertanggung jawab atas operasional Perseoran.
Aneka Warna                        Director                        Responsible for and accountable for the operations of the Company.
                                                                                                                                                                Ferry Chandra Kusuma                             2                                  2                                     100%
                                   Direktur                        Bertugas dan bertanggung jawab atas keuangan Perseoran.
Habibullah                         Director                        Responsible for and accountable for the finances of the Company.
                                                                                                                                                                Aneka Warna                                      2                                  2                                     100%


                                                                                                                                                                Habibullah                                                                                                                100%
Piagam Direksi                                                                  The Board of Directors Charter                                                                                                   2                                  2
Hingga akhir tahun 2023, Perseroan belum memiliki Piagam (Charter)              Until the end of 2023, the Company does not yet have the Board of
Direksi. Pelaksanaan tugas dan tanggung jawab Direksi dilakukan                 Directors Charter. The implementation of the duties and responsibilities
dengan mengacu pada Anggaran Dasar, Akta No.143 tanggal 14                      of the Board of Directors is carried out with reference to the Articles of      Kehadiran Direksi dalam RUPS
Desember 2022, dan ketentuan peraturan perundangan-undangan                     Association, Deed No. 143 dated December 14, 2022, and the provisions           Attendance of the Board of Director at the GMS
yang berlaku.                                                                   of the applicable laws and regulations.                                                                                                                     Dewan Komisaris
                                                                                                                                                                                                                                       The Board of Commissioners
                                                                                                                                                                         RUPS Perseroan
Rapat Direksi                                                                   The Board of Directors Meetings                                                        The Company’s GMS                  Harris Muliawan                        Hardy Setiawan                     Danny Setiawan
Rapat Internal Direksi                                                          Internal Meetings of the Board of Director
dan Rapat Gabungan dengan Dewan Komisaris                                       and Joint Meetings with the Board of Commissioners                              Indra Muliawan                                   N/A                                    N/A                               N/A
Untuk mewadahi pembahasan agenda-agenda penting terkait                         In order to accommodate the discussion of important agendas related to
pengurusan dan pengelolaan Perseroan secara keseluruhan, Direksi                the overall management of the Company, the Board of Directors holds a           Hardy Setiawan                                   N/A                                    N/A                               N/A
menyelenggarakan pertemuan dalam bentuk rapat. Terdapat dua                     meeting in the form of a meeting. There were two meetings held, namely
rapat yang dilaksanakan, yakni rapat internal serta rapat gabungan              an internal meeting and a joint meeting with the Board of Commissioners.        Danny Setiawan                                   N/A                                    N/A                               N/A
dengan Dewan Komsiaris. Di dalam rapat gabungan dengan Dewan                    In a joint meeting with the Board of Commissioners, the Board of
Komisaris, Direksi turut menyampaikan pembahasan yang memuat                    Directors also delivered a discussion containing explanations, statements,
penjelasan, keterangan, dan informasi seputar operasional Perseroan             and information about the Company’s operations for the Board of
untuk diketahui oleh Dewan Komisaris.                                           Commissioners to be discovered.


Sepanjang tahun 2024, Direksi telah menyelenggarakan rapat internal             During 2024, the Board of Directors has held 4 internal meetings and
sebanyak 4 kali dan mengikuti rapat gabungan sebanyak 2 kali.                   participated in 2 joint meetings. The attendance rate of all members of the
Tingkat kehadiran seluruh anggota Direksi dalam rapat internal dan              Board of Directors in internal meetings and joint meetings is summarized
rapat      gabungan      terangkum     dalam     tabel   sebagai    berikut:    in the following table:




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                                              Ikhtisar Kinerja                   Laporan Manajemen                        Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                Laporan Keberlanjutan
                                           Performance Highlights                 Management Report                        Company Profile                                    Management Discussion And Analysis                   Corporate Governance                  Sustainability Report




                                                                                                                                                         PENILAIAN KINERJA
                                                                                                                                                         DEWAN KOMISARIS DAN DIREKSI
                                                                                                                                                         Performance Assessment of the Board of Commissioners and Board of Directors



Peningkatan Kompetensi Direksi                                            Competency Improvement of the Board of Directors                               Prosedur Pelaksanaan Penilaian Kinerja                                  Performance Assessment Implementation Procedurest
Selama tahun 2024, Direksi tidak mengikuti program peningkatan            During the year 2024, the Board of Directors did not participate in            Meskipun berada di tengah situasi yang penuh ketidakpastian, kinerja    Despite being in a situation full of uncertainty, the performance of the
kompetensi dalam bentuk pendidikan dan/atau pelatihan. Meski di           competency improvement programs in the form of education and/or                Dewan Komisaris dan Direksi selama tahun 2024 telah mencapai hasil      Board of Commissioners and the Board of Directors during 2024 has
tahun 2023 belum mengikuti pelatihan maupun pendidikan, Perseroan         training. Although there were no training or educational activities in 2023,   yang baik. Peningkatan daya beli masyarakat yang perlahan membaik       achieved favorable results. The gradual improvement in purchasing power
tetap berkomitmen untuk mendukung peningkatan kualitas kinerja            the Company remains committed to supporting the improvement of the             menjadi komitmen dan peluang bagi Dewan Komisaris dan Direksi           of the society has become a commitment and opportunity for the Board of
Direksi di tahun-tahun selanjutnya.                                       Board of Directors performance quality in the following years.                 untuk memberikan kinerja terbaik dan kualitas terbaik bagi pelanggan.   Commissioners and the Board of Directors to deliver the best performance
                                                                                                                                                         Prestasi ini terlihat dari responsif dan adaptifnya mereka melalui      and the highest quality to customers. This achievement is evident in their
Meski di tahun 2024 belum mengikuti pelatihan maupun pendidikan,          Although in 2024 it has not participated in such training or education,        inovasi dengan menambah divisi dan menciptakan produk baru dalam        responsiveness and adaptability through innovation by adding divisions
Perseroan tetap berkomitmen untuk mendukung peningkatan kualitas          the Company remains committed to supporting the improvement of the             waktu singkat, mengikuti perubahan perilaku pasar akibat pandemi.       and creating new products in a short period of time, following market
kinerja Direksi di tahun-tahun selanjutnya.                               quality of the performance of the Board of Directors in the following years.   Selain itu, mereka juga terus menerapkan langkah-langkah strategis      behavior changes due to the pandemic. Furthermore, they continue to
                                                                                                                                                         yang tepat untuk membawa pertumbuhan Perseroan ke arah yang             implement appropriate strategic measures to drive sustainable growth for
Penilaian Direksi atas Komite di Bawah Direksi                            The Board of Directors’ Assessment of the Committees                           berkelanjutan.                                                          the Company.
                                                                          Under the Board of Directors
                                                                                                                                                         Dalam hal strategi, kecepatan dalam penyusunan strategi oleh Direksi    In terms of strategy, the speed at which the Board of Directors developed
Di bawah Direksi terdapat komite yang terdiri dari Sekretaris             Under the Board of Directors, there are committees consisting of the           pada tahun 2024 membuktikan kemampuan Perseroan untuk tetap             strategies in 2024 demonstrated the Company’s ability to move forward
Perusahaan dan Audit Internal. Penilaian terhadap kinerja komitekomite    Corporate Secretary and Internal Audit. The assessment of these                maju dengan baik. Salah satu buktinya adalah tidak ada pengurangan      effectively. One example is the absence of employee layoffs, which is a
tersebut   dilakukan   dengan    melihat      pelaksanaan   tugas   dan   committees’ performance is conducted by examining the execution of their       jumlah karyawan, yang merupakan kebijakan yang banyak dilakukan         policy adopted by many other companies to maintain their financial
tanggung jawab yang dilakukan sepanjang tahun buku.                       duties and responsibilities throughout the fiscal year.                        oleh perusahaan lain untuk menjaga kondisi keuangan mereka. Oleh        condition. Therefore, the Board of Commissioners appreciates this step as
                                                                                                                                                         karena itu, Dewan Komisaris memberikan apresiasi terhadap langkah       it has successfully steered the Company towards appropriate growth.
Seluruh komite tersebut di tahun 2024 dinilai telah memenuhi              All of these committees were assessed in 2024 to have fulfilled their          ini karena mampu membawa Perseroan menuju pertumbuhan yang
fungsinya dengan baik melalui pelaksanaan tugas dan tanggung              functions well through the effective and efficient execution of their tasks    tepat.
jawabnya secara efektif dan efisien. Hasil optimal tersebut tercermin     and responsibilities. The optimal results are reflected in the aspects of
dari aspek audit serta nominasi dan remunerasi yang seluruhnya telah      auditing, as well as nominations and remuneration, which have all been
berjalan baik dan sesuai dengan tugas dan tanggung jawab yang             carried out smoothly and in accordance with the established duties and
ditetapkan serta rencana kerja yang telah disusun sebelumnya.             responsibilities and the previously prepared work plans.

                                                                                                                                                         NOMINASI DAN REMUNERASI
                                                                                                                                                         DEWAN KOMISARIS DAN DIREKSI
                                                                                                                                                         Nomination and Remuneration
                                                                                                                                                         of the Board of Commissioners and the Board of Directors

                                                                                                                                                         Prosedur Nominasi Anggota Dewan Komisaris dan                           Procedure for Nomination of Members of the Board of
                                                                                                                                                         Direksi                                                                 Commissioners and the Board of Directors

                                                                                                                                                         Prosedur nominasi anggota Dewan Komisaris dan Direksi dimulai           The nomination process for members of the Board of Commissioners
                                                                                                                                                         dengan pengajuan usulan atau rekomendasi oleh Komite Nominasi           and the Board of Directors begins with the submission of proposals or
                                                                                                                                                         dan Remunerasi kepada Dewan Komisaris. Usulan ini disertai dengan       recommendations by the Nomination and Remuneration Committee to the
                                                                                                                                                         pertimbangan-pertimbangan yang mendukung. Kemudian, Dewan               Board of Commissioners. These proposals are accompanied by supporting
                                                                                                                                                         Komisaris mengajukan calon anggota Dewan Komisaris dan Direksi          considerations. Subsequently, the Board of Commissioners presents the
                                                                                                                                                         tersebut kepada Pemegang Saham melalui Rapat Umum Pemegang              candidates for the Board of Commissioners and the Board of Directors
                                                                                                                                                         Saham untuk mendapatkan persetujuan.                                    to the Shareholders through the General Meeting of Shareholders for
                                                                                                                                                                                                                                 approval.




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                                          Ikhtisar Kinerja                     Laporan Manajemen                       Profil Perusahaan                             Analisis Dan Pembahasan Manajemen                   Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                       Performance Highlights                   Management Report                       Company Profile                               Management Discussion And Analysis                  Corporate Governance                   Sustainability Report




Prosedur dan Pelaksanaan Remunerasi Anggota                          Procedure and Implementation of Remuneration for
Dewan Komisaris dan Direksi                                          Members of the Board of Commissioners and the Board
                                                                     of Directors

Merujuk pada keputusan yang ditetapkan dalam Rapat Umum              Referring to the decision determined at the General Meeting Shareholders
Pemegang Saham (RUPS), besaran maksimal remunerasi anggota           (GMS), the maximum amount of remuneration for members of the Board
                                                                                                                                                                                                                                Ketua Komite Audit
Dewan Komisaris dan Direksi dengan kewenangan penetapan              of Commissioners and the Board of Directors with the authority to                Danny Setiawan                                                            Audit Committee Chairman
alokasinya diberikan kepada Dewan Komisaris yang dapat diputuskan    determine the allocation given to the Board of Commissioners which able
dalam Rapat Dewan Komisaris dengan memperhatikan rekomendasi         to decided at the Board of Commissioners Meeting by taking into account
                                                                                                                                                 Diangkat sebagai Ketua Komite Audit berdasarkan Surat Keputusan        Appointed as the Chairman of the Audit Committee based on the Board of
yang diberikan Komite Nominasi dan Remunerasi.                       the recommendations made by the Nomination and Remuneration                 Dewan Komisaris No. 002/SKDK/XII/2022 tanggal 16 Desember              Commissioners’ Decree of the Company No. 002/SKDK/XII/2022 dated
                                                                     Committee.                                                                  2022 tentang Pembentukan dan Piagam Komite Audit PT King Tire
                                                                                                                                                 Indonesia Tbk. Informasi mengenai profil Bapak Danny Setiawan          December 16, 2022, regarding the Establishment and Charter of the Audit
                                                                                                                                                 dapat dilihat pada Bab 3 “Profil Perusahaan” di bagian “Profil Dewan   Committee of PT King Tire Indonesia Tbk. Information about Mr. Danny
Besaran Remunerasi Dewan Komisaris dan Direksi                       Amount of Remuneration for the Company’s the Board of                       Komisaris” halaman 40.                                                 Setiawan’s profile is able to be found in Chapter 3 “Company Profile” under
Perseroan                                                            Commissioners and the Board of Directors
                                                                                                                                                                                                                        the   section   “Board    of   Commissioners    Profile”   on   page    40.

Pada tahun 2024, Perseroan telah memberikan remunerasi kepada        In 2024, the Company has provided remuneration to the Board of
Dewan Komisaris dan Direksi dengan total sebesar Rp520.000.000       Commissioners and the Board of Directors with a total of Rp520.000.000
                                                                                                                                                                                                                                Anggota Komite Audit
(lima ratus dua puluh juta rupiah)                                   (five hundred twenty million rupiah)                                             Lindah                                                                    Audit Committee Member

                                                                                                                                                 Warga Negara Indonesia, berusia 43 Tahun. Diangkat sebagai Ang-        Indonesian citizen, 43 years old. Appointed as a Member of the Audit
                                                                                                                                                 gota
KOMITE AUDIT
                                                                                                                                                                                                                        Committee based on the Board of Commissioners’ Decree of the Company
                                                                                                                                                 Komite Audit berdasarkan Surat Keputusan Dewan Komisaris No.
                                                                                                                                                 002/                                                                   No. 002/SKDK/XII/2022 dated December 16, 2022, regarding the
                                                                                                                                                 SKDK/XII/2022 tanggal 16 Desember 2022 tentang Pembentukan             Establishment and Charter of the Audit Committee of PT King Tire
Audit Committee                                                                                                                                  dan Piagam Komite Audit PT King Tire Indonesia Tbk.                    Indonesia                                                              Tbk.
Sebagai salah satu komite di bawah Dewan Komisaris, Komite Audit     As one of the committees under the Board of Commissioners, the Audit        Lulusan SMKN 1 Tangerang. Memiliki pengalaman kerja sebagai            Graduated from SMKN 1 Tangerang. She has work experience as a Senior
memiliki peran untuk mendukung Dewan Komisaris dalam mengawasi       Committee plays a role in supporting the Board of Commissioners in          Senior Staff Finance di PT Rental Crane Indonesia pada tahun 2006–     Staff Finance at PT Rental Crane Indonesia from 2006 until present, and
                                                                     overseeing the operations and finances of the Company, particularly in      sekarang dan Anggota Komite Audit di PT King Tire Indonesia pada       as                    a                     Member                       of
operasional dan keuangan Perseroan, terutama dalam hal proses
                                                                                                                                                 tahun 2022–sekarang.
audit Perseroan secara keseluruhan. Komite Audit bertanggung jawab   terms of the overall audit process of the Company. The Audit Committee
langsung kepada Dewan Komisaris dalam melaksanakan tugasnya.         is directly accountable to the Board of Commissioners in carrying out its
                                                                     duties.


                                                                                                                                                                                                                                Anggota Komite Audit
Komposisi dan Profil Komite Audit                                    Composition and Profile of the Audit Committee                                   Christina Wati                                                            Audit Committee Member

Komposisi Komite Audit berdasarkan Surat Keputusan Dewan             The composition of the Audit Committee for the based on the Board of        Warga Negara Indonesia, berusia 41 Tahun. Diangkat sebagai Ang-        An Indonesian citizen, 41 years old. Appointed as a Member of the
Komisaris No. 002/SKDK/XII/2022 tanggal 16 Desember 2022             Commissioners’ Decree of the Company No. 002/SKDK/XII/2022 dated            gota                                                                   Audit Committee based on the Board of Commissioners’ Decree of the
                                                                     December 16, 2022 are as follows:                                           Komite Audit berdasarkan Surat Keputusan Dewan Komisaris No.
adalah sebagai berikut:                                                                                                                                                                                                 Company No. 002/SKDK/XII/2022 dated December 16, 2022, regarding
                                                                                                                                                 002/
                                                                                                                                                 SKDK/XII/2022 tanggal 16 Desember 2022 tentang Pembentukan             the Establishment and Charter of the Audit Committee of PT King Tire
                                                                                                                                                 dan Piagam Komite Audit PT King Tire Indonesia Tbk.                    Indonesia                                                              Tbk.
                                                                                                                                                 t
                                                                                                                                                 Lulusan Sarjana Komputer Akuntansi, Universitas Bina Nusantara
                                                                                                                                                 tahun 2005. Memiliki pengalaman kerja sebagai Staff Marketing di       Graduated with a Bachelor’s degree in Computerized Accounting from
                              Nama                                                                          Jabatan                              UNICS Technology pada tahun 2004–2005, Senior Staff Accounting         Universitas Bina Nusantara in 2005. Has work experience as a Marketing
                              Name                                                                          Position                             di CV Angkutan Bersaudara pada tahun 2005–2007, Senior Staff
                                                                                                                                                 Accounting di PT Rental Crane Indonesia pada tahun 2007–sekarang,      Staff at UNICS Technology from 2004 to 2005, Senior Staff Accounting at
                                                                        Ketua Komite Audit                                                       dan Anggota Komite Audit di PT King Tire Indonesia Tbk pada tahun      CV Angkutan Bersaudara from 2005 to 2007, Senior Staff Accounting at
Danny Setiawan                                                          Audit Committee Chairman
                                                                                                                                                 2022–sekarang.                                                         PT Rental Crane Indonesia from 2007 until now, and as a Member of the
                                                                        Anggota Komite Audit
Lindah                                                                  Audit Committee Member                                                                                                                          Audit Committee at PT King Tire Indonesia Tbk since 2022.

                                                                        Anggota Komite Audit
Christina Wati                                                          Audit Committee Member




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                                           Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                                 Analisis Dan Pembahasan Manajemen                        Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                        Performance Highlights                   Management Report                        Company Profile                                   Management Discussion And Analysis                       Corporate Governance                    Sustainability Report




Tugas dan Tanggung Jawab Komite Audit                                   Duties and Responsibilities of the Audit Committee
                                                                                                                                                       Dalam menjalankan tugasnya, Komite Audit memiliki wewenang               In carrying out its duties, the Audit Committee has the following
                                                                                                                                                       sebagai berikut:                                                         authorities:
Sesuai dengan Peraturan Otoritas Jasa Keuangan (OJK) No. 55/            According    to    Financial   Services   Authority   Regulation   No.   55/
                                                                                                                                                       •         Komite Audit Perseroan berwenang untuk mengakses secara        •           The Company’s Audit Committee has the authority to have full,
POJK.04/2015 tanggal 23 Desember 2015 tentang Pembentukan               POJK.04/2015 dated December 23, 2015, regarding the Establishment
                                                                                                                                                                 penuh, bebas dan tidak terbatas terhadap catatan, karyawan,                unrestricted access to records, employees, funds, assets, and other
dan Pedoman Pelaksanaan Kerja Komite Audit, Perseroan telah             and Guidelines for the Implementation of the Audit Committee’s Work,
                                                                                                                                                                 dana, aset serta sumber daya perusahaan lainnya yang                       company resources related to the performance of its duties.
membentuk Komite Audit dengan masa tugas sampai dengan                  the Company has formed an Audit Committee with a term of office until
                                                                                                                                                                 berkaitan dengan pelaksanaan tugasnya                          •           Communicate directly with employees, including the Company’s
berakhirnya masa jabatan Dewan Komisaris yang saat ini menjabat         the end of the current term of the Board of Commissioners, as stated in
                                                                                                                                                       •         Berkomunikasi langsung dengan karyawan, termasuk Direksi                   Board of Directors and those responsible for internal audit, risk
berdasarkan Surat Keputusan Dewan Komisaris Perseroan No. 002/          the Board of Commissioners’ Decree No. 002/SKDK/XII/2022 dated
                                                                                                                                                                 Perseroan dan pihak yang menjalankan fungsi audit internal,                management, and the External Auditor regarding the tasks and
SKDK/XII/2022 tanggal 16 Desember 2022.                                 December 16, 2022.
                                                                                                                                                                 manajemen resiko, dan Akuntan Publik terkait tugas dan                     responsibilities   of   the     Company’s    Audit    Committee.
                                                                                                                                                                 tanggung jawab Komite Audit Perseroan                          •           Exercise other authorities granted by the Company’s Board of
Komite Audit Perseroan bertugas untuk memberikan pendapat               The Company’s Audit Committee is tasked with providing independent
                                                                                                                                                       •         Melakukan kewenangan lain yang diberikan oleh Dewan                        Commissioners.
profesional yang independen kepada Dewan Komisaris Perseroan            professional opinions to the Board of Commissioners regarding reports or
                                                                                                                                                                 Komisaris Perseroan.
terhadap laporan atau hal-hal yang disampaikan oleh Direksi Perseroan   matters conveyed by the Company’s Board of Directors to the Board of
kepada Dewan Komisaris Perseroan serta mengidentifikasi hal-hal         Commissioners. Additionally, the Audit Committee identifies matters that
yang memerlukan perhatian Dewan Komisaris Perseroan, meliputi:          require the attention of the Board of Commissioners. These include:
                                                                                                                                                       Piagam Komite Audit                                                      Audit Committee Charter
• Membuat rencana kegiatan tahunan yang disetujui oleh Dewan            • Developing an annual work plan approved by the Company’s Board
                                                                                                                                                       Komite Audit telah dilengkapi piagam (charter) berupa Piagam Komite      The Audit Committee has been equipped with a charter known as the Audit
 Komisaris Perseroan;                                                   of Commissioners;
                                                                                                                                                       Audit yang ditetapkan dalam Surat Keputusan Dewan Komisaris              Committee Charter, established in the Board of Commissioners’ Decree of
• Melakukan penelaahan atas informasi keuangan yang akan                • Reviewing financial information to be disclosed by the Company, such
                                                                                                                                                       Perseroan No. 002/SKDK/XII/2022 tanggal 16 Desember 2022.                the Company No. 002/SKDK/XII/2022 dated December 16, 2022.
 dikeluarkan Perseroan seperti laporan keuangan, proyeksi, dan          as financial statements, projections, and other financial information;
                                                                                                                                                       Piagam ini berperan sebagai pedoman pendukung pelaksanaan kerja          This charter serves as a guiding document for supporting the
 informasi keuangan lainnya;                                            • Reviewing the Company’s compliance with other relevant laws and
                                                                                                                                                       Komite Audit. Dalam piagam tersebut, diatur hal-hal yang berkaitan       implementation of the Audit Committee’s work. The charter covers
• Melakukan penelaahan atas ketaatan perusahaan terhadap                regulations related to its activities;
                                                                                                                                                       dengan Komite Audit, seperti pembentukan Komite Audit; tugas dan         matters related to the Audit Committee, such as the formation of the Audit
 peraturan perundang-undangan lainnya yang berhubungan                  • Reviewing and assessing the implementation of internal audits and
                                                                                                                                                       tanggung jawab; wewenang; serta keanggotaan komite, rapat komite         Committee, roles and responsibilities, authorities, as well as committee
 dengan kegiatan Perseroan;                                             overseeing the management’s follow-up actions based on internal
                                                                                                                                                       dan pelaporan.                                                           membership, meetings, and reporting.
• Melakukan penelaahan/penilaian atas pelaksanaan pemeriksaan           auditor’s findings.
 oleh auditor internal dan mengawasi pelaksanaan tindak lanjut          • Reviewing and reporting to the Company’s Board of Commissioners
 oleh Direksi Perseroan atas temua auditor internal;                    on complaints related to the Company;
                                                                        • Maintaining confidentiality with the External Auditor regarding the          Pernyataan Independensi Komite Audit                                     Independence Statement of the Audit Committee
• Melakukan penelaahan dan melaporkan kepada Dewan Komisaris
 Perseroan atas pengaduan yang berkaitan dengan Perseroan;              Company’s data and information;
                                                                                                                                                       Dalam rangka memastikan pelaksanaan tugas berjalan dengan optimal        In order to ensure that the execution of its duties is optimal and not
• Menjaga kerahasiaan dengan Akuntan Publik atas data dan               • Overseeing the relationship with the External Auditor and holding
                                                                                                                                                       dan tidak dipengaruhi oleh pihak-pihak tertentu, Komite Audit memiliki   influenced by specific parties, the Audit Committee has an obligation
 informasi Perseroan;                                                   meetings/discussions with them;
                                                                                                                                                       kewajiban menjalankan tugasnya dengan independensi yang kuat.            to perform its tasks with strong independence. Therefore, the Company
• Mengawasi hubungan dengan Akuntan Publik dan mengadakan               • Developing, reviewing, and updating the Audit Committee’s
                                                                                                                                                       Oleh karena itu, Perseroan memastikan bahwa semua anggota Komite         ensures that all members of the Audit Committee meet the requirements
 rapat/pembahasan dengan Akuntan Publik;                                guidelines as necessary;
                                                                                                                                                       Audit memenuhi persyaratan yang diatur dalam Peraturan Otoritas          set forth in Financial Services Authority Regulation No. 55/POJK.04/2015
• Membuat, mengkaji, dan memperbaharui pedoman Komite Audit             • Providing an independent opinion in case of disagreements between
                                                                                                                                                       Jasa Keuangan (POJK) No. 55/POJK.04/2015 tentang Pembentukan             regarding the Establishment and Guidelines for the Implementation of the
 bila perlu;                                                            management and the External Auditor regarding the services
                                                                                                                                                       dan Pedoman Pelaksanaan Kerja Komite Audit. Anggota Komite Audit         Audit Committee’s Work. The members of the Audit Committee are also
• Memberikan pendapat independen apabila terjadi perbedaan              provided;
                                                                                                                                                       juga berkomitmen untuk memenuhi ketentuan tersebut.                      committed to fulfilling these provisions.
 pendapat antara manajemen dan Akuntan Publik atas jasa yang            • Providing recommendations to the Company’s Board of
 diberikan;                                                             Commissioners regarding the appointment of the External Auditor,
• Memberikan rekomendasi kepada Dewan Komisaris Perseroan               based on independence, scope of engagement, and fees;
                                                                        • Reviewing the implementation of risk management activities                   Peningkatan Kompetensi Komite Audit                                      Competency Improvement of Audit Committee
 mengenai penunjukan Akuntan Publik, didasarkan pada
 independensi, ruang lingkup penugasan, dan fee;                        conducted by the Company’s Board of Directors, if the Company
                                                                                                                                                       Di tahun 2024, Komite Audit tidak mengikuti program peningkatan          In 2024, the Audit Committee did not participate in the competency
• Melakukan penelaahan terhadap aktifitas pelaksanaan                   does not have a separate risk monitoring function under the Board
                                                                                                                                                       kompetensi dalam bentuk pendidikan dan/atau pelatihan. Meski             improvement program in the form of education and/or training. Although
 manajemen resiko yang dilakukan oleh Direksi Perseroan, jika           of Commissioners; and
                                                                                                                                                       Komite Audit di tahun 2024 belum ikut serta dalam pelatihan              the Audit Committee in 2024 has not participated in such training
 Perseroan tidak memiliki fungsi pemantau resiko di bawah               • Reviewing and providing advice to the Company’s Board of
                                                                                                                                                       maupun pendidikan, Perseroan tetap berkomitmen untuk mendukung           or education, the Company remains committed to supporting the
 Dewan Komisaris Perseroan; dan                                         Commissioners regarding potential conflicts of interest within the
                                                                                                                                                       peningkatan kualitas kinerja Komite Audit di tahun-tahun selanjutnya.    improvement of the quality of the Audit Committee’s performance in the
• Menelaah dan memberikan saran kepada Dewan Komisaris                  Company
                                                                                                                                                                                                                                following years.
 Perseroan terkait potensi benturan kepentingan Perseroan.




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Page 43
                                           Ikhtisar Kinerja                    Laporan Manajemen                       Profil Perusahaan                                 Analisis Dan Pembahasan Manajemen                Tata Kelola Perusahaan               Laporan Keberlanjutan
                                        Performance Highlights                  Management Report                       Company Profile                                   Management Discussion And Analysis               Corporate Governance                 Sustainability Report




Rapat Komite Audit                                                     Audit Committee Meetings
                                                                                                                                                    Komposisi dan Profil                                                 Composition and Profile
Sepanjang tahun 2024, Komite Audit mengadakan rapat sebanyak 1         Throughout 2024, the Audit Committee held meetings 1 times with details      Komite Nominasi dan Remunerasi                                       of the Nomination and Remuneration Committee
kali dengan rincian kehadiran sebagai berikut:                         of attendance as follows:
                                                                                                                                                    Komposisi Komite Nominasi dan Remunerasi berdasarka Surat            The composition of the Nomination and Remuneration Committee based
                                                                                                                                                    Keputusan Dewan Komisaris Perseroan No. 001/SKDK/XII/2022            the Board of Commissioners’ Decree of the Company No. 001/SKDK/
                                                                                                                                                    tanggal 16 Desember 2022 adalah sebagai berikut:                     XII/2022 dated December 16, 2022 are as follows:
          Nama                                    Jumlah Rapat                  Jumlah Kehadiran                     Tingkat Kehadiran (%)
          Name                                   Total Meetingst               Total of Attendancet                   Attendance Rate (%)

                                                                                                                                                                                   Nama                                                                     Jabatan
Danny Setiawan                                       1                                 1                                  100%                                                     Name                                                                     Position
                                                                                                                                                                                                                           Ketua Komite Nominasi dan Remunerasi
Lindah                                               1                                 1                                  100%                      Danny Setiawan                                                         Nomination and Remuneration Committee Chairman

                                                                                                                                                                                                                           Anggota Komite Nominasi dan Remunerasi
Christina Wati                                       1                                 1                                  100%                      Hardi Muliawan                                                         Nomination and Remuneration Committee Member

                                                                                                                                                                                                                           Anggota Komite Nominasi dan Remunerasi
                                                                                                                                                    Indra Muliawan                                                         Nomination and Remuneration Committee Member

Pelaksanaan Tugas dan Tanggung Jawab                                   Implementation of the Duties and Responsibilities
Komite Audit Tahun 2024                                                of the Audit Committee in 2022

                                                                                                                                                                                                        Ketua Komite Nominasi dan Remunerasi
Di tahun 2024, Komite Audit telah memenuhi fungsinya melalui
serangkaian kegiatan yang sesuai dengan tugas dan tanggung jawab
                                                                       In 2024, the Audit Committee has fulfilled its function through a series
                                                                       of activities in accordance with the assigned duties and responsibilities,
                                                                                                                                                        Danny Setiawan                                  Nomination and Remuneration Committee Chairman
yang ditetapkan, antara lain:                                          including:
1. Menelaah Laporan Keuangan pada aspek kredibilitas dan               1. Reviewed the Financial Statements on the credibility and objectivity      Diangkat   sebagai    Ketua   Komite   Remunerasi   dan   Nominasi   Appointed as the Remuneration and Nomination Committee Chairman
  objektivitas laporan keuangan;                                        aspects of the financial statements;                                        berdasarkan Surat Keputusan Dewan Komisaris Perseroan No. 001/       based on the Board of Commissioners’ Decree of the Company No. 001/
2. Menelaah ketaatan Perseroan pada peraturan perundangundan           2. Reviewed the Company’s compliance with the laws and regulations           SKDK/XII/2022 tanggal 16 Desember 2022 tentang Pembentukan           SKDK/XII/2022 dated December 16, 2022, regarding the Establishment
  gan di Pasar Modal dan peraturan perundang-undangan                   in the Capital Market and other laws and regulations related to the         dan Piagam Komite Remunerasi dan Nominasi PT King Tire Indonesia     and Charter of the Remuneration and Nomination Committee of PT King
 lainnya yang berhubungan dengan kegiatan Perseroan;                    Company’s activities;                                                       Tbk. Informasi mengenai profil Bapak Danny Setiawan dapat dilihat    Tire Indonesia Tbk. Information regarding Mr. Danny Setiawan’s profile
3. Menelaah pelaksanaan pemeriksaan yang dilakukan Auditor             3. Reviewed the implementation of the audit conducted by the Internal        pada Bab 3 “Profil Perusahaan” di bagian “Profil Dewan Komisaris”    is able to be found in Chapter 3 “Company Profile” in the “Board of
  Internal;                                                             Auditor;                                                                    halaman 40.                                                          Commissioners Profile” section, page 40.
4. Memberikan laporan kepada Dewan Komisaris atas berbagai             4. Provided reports to the Board of Commissioners on various risks
                                                                                                                                                                                                                                 Anggota Komite Audit
                                                                                                                                                        Hardi Muliawan
  risiko yang dihadapi Perseroan dan implementasi manajemen             faced by the Company and the implementation of risk management
  risiko yang dilaksanakan oleh Direksi; dan                            carried out by the Board of Directors; and                                                                                                               Audit Committee Member
5. Menjaga kerahasiaan dokumen, data dan informasi Perseroan.          5. Maintained the confidentiality of Company documents, data and
                                                                        information.                                                                Diangkat sebagai Anggota Komite Remunerasi dan Nominasi              Appointed as a Member of the Remuneration and Nomination Committee
                                                                                                                                                    berdasarkan Surat Keputusan Dewan Komisaris Perseroan No. 001/       based on the Board of Commissioners’ Decree of the Company No. 001/
                                                                                                                                                    SKDK/XII/2022 tanggal 16 Desember 2022 tentang Pembentukan           SKDK/XII/2022 dated December 16, 2022, regarding the Establishment

KOMITE NOMINASI DAN REMUNERASI                                                                                                                      dan Piagam Komite Remunerasi dan Nominasi PT King Tire Indonesia
                                                                                                                                                    Tbk. Informasi mengenai profil Bapak Hardi Setiawan dapat dilihat
                                                                                                                                                                                                                         and Charter of the Remuneration and Nomination Committee of PT King
                                                                                                                                                                                                                         Tire Indonesia Tbk. Information regarding Mr. Hardi Setiawan’s profile
Nomination and Remuneration Committee                                                                                                               pada Bab 3 “Profil Perusahaan” di bagian “Profil Dewan Komisaris”    is able to be found in Chapter 3 “Company Profile” in the “Board of
                                                                                                                                                    halaman 39.                                                          Commissioners Profile” section, page 39.

Komite Nominasi dan Remunerasi adalah sebuah organ yang berada         The Nomination and Remuneration Committee is an organ under the Board
di bawah Dewan Komisaris. Pembentukan komite ini dilakukan oleh        of Commissioners. The establishment of this committee is carried out by                                                                                   Anggota Komite Audit
Perseroan sesuai dengan ketentuan yang tercantum dalam Peraturan       the Company in accordance with the provisions stated in Financial Services       Indra Muliawan                                                           Audit Committee Member
Otoritas Jasa Keuangan (POJK) No. 34/POJK.04/2014 tentang              Authority Regulation No. 34/POJK.04/2014 regarding the Nomination
Komite Nominasi dan Remunerasi Emiten atau Perseroan Publik.           and Remuneration Committee of Issuers or Public Companies. The main
                                                                                                                                                    Diangkat sebagai Anggota Komite Remunerasi dan Nominasi              Appointed as a Member of the Remuneration and Nomination Committee
Tugas utama Komite Nominasi dan Remunerasi adalah mengevaluasi,        tasks of the Nomination and Remuneration Committee are to evaluate,
                                                                                                                                                    berdasarkan Surat Keputusan Dewan Komisaris Perseroan No. 001/       based on the Board of Commissioners’ Decree of the Company No. 001/
menyusun, dan memberikan rekomendasi kepada Dewan Komisaris            formulate, and provide recommendations to the Board of Commissioners
                                                                                                                                                    SKDK/XII/2022 tanggal 16 Desember 2022 tentang Pembentukan           SKDK/XII/2022 dated December 16, 2022, regarding the Establishment
mengenai sistem/kebijakan remunerasi serta nominasi bagi anggota       regarding the remuneration system/policy and nominations for members
                                                                                                                                                    dan Piagam Komite Remunerasi dan Nominasi PT King Tire Indonesia     and Charter of the Remuneration and Nomination Committee of PT King
Komisaris, Direksi, dan pejabat eksekutif secara keseluruhan. Komite   of the Board of Commissioners, Board of Directors, and executive officers
                                                                                                                                                    Tbk. Informasi mengenai profil Bapak Indra Muliawan dapat dilihat    Tire Indonesia Tbk. Information regarding Mr. Indra Muliawan’s profile
Nominasi dan Remunerasi bertanggung jawab langsung kepada              as a whole. The Nomination and Remuneration Committee is directly
                                                                                                                                                    pada Bab 3 “Profil Perusahaan” di bagian “Profil Dewan Komisaris”    is able to be found in Chapter 3 “Company Profile” in the “Board of
Dewan Komisaris dalam melaksanakan tugasnya.                           accountable to the Board of Commissioners in carrying out its duties.
                                                                                                                                                    halaman 38.                                                          Commissioners Profile” section, page 38.




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                                           Ikhtisar Kinerja               Laporan Manajemen                        Profil Perusahaan                           Analisis Dan Pembahasan Manajemen                Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                        Performance Highlights             Management Report                        Company Profile                             Management Discussion And Analysis               Corporate Governance                   Sustainability Report




Tugas dan Tanggung Jawab Komite Nominasi dan                       Duties and Responsibilities of the Nomination and                            4. Membantu Dewan Komisaris melakukan penilaian kinerja           4. Assist the Board of Commissioners in evaluating the
Remunerasi                                                         Remuneration Committee                                                     		   anggota Direksi dan/atau Dewan Komisaris berdasarkan         		   performance of members of the Board of Directors and/or
                                                                                                                                              		   kriteria yang telah disusun sebagai bahan evaluasi.          		   the Board of Commissioners based on established criteria as
Sesuai dengan yang diatur dalam Piagam Komite Nominasi dan         In accordance with the Nomination and Remuneration Committee Charter,        5. Komite Remunerasi dan Nominasi wajib menjalankan             		   evaluation materials.
Remunerasi, tugas dan tanggung jawab Komite Nominasi dan           the duties and responsibilities of the Nomination and Remuneration         		   prosedur remunerasi bagi anggota Dewan Komisaris dan/          5. The Remuneration and Nomination Committee is obliged
Remunerasi adalah sebagai berikut:                                 Committee are as follows:                                                  		   atau Direksi Perseroan sebagai berikut:                      		   to follow the remuneration procedures for members of the
                                                                                                                                              		   a. Menyusun struktur remunerasi berupa gaji,                 		   Board of Commissioners and/or the Board of Directors of the
I. Fungsi Nominasi:                                                 I. Nomination Function:                                                   			     honorarium, insentif, dan tunjangan yang bersifat         		   Company as follows:
   1. Memberikan rekomendasi kepada Dewan Komisaris terkait:            1. Providing recommendations to the Board of Commissioners            			     tetap dan variabel;                                       		   a. Prepare the remuneration structure, including fixed
		     a. Komposisi dan proses nominasi jabatan anggota             		regarding:                                                              		   b. Menyusun kebijakan atas struktur remunerasi; dan          			      and variable components such as salary, honorarium,
			       Direksi dan/atau Dewan Komisaris;                         		     a. Composition and nomination process for members of the           		   c. Menyusun besaran atas struktur remunerasi.                			      incentives, and allowances;
		     b. Kebijakan dan kriteria yang dibutuhkan dalam proses       			       Board of Directors and/or the Board of Commissioners;             6. Struktur, kebijakan, dan besaran remunerasi sebagaimana      		   b. Formulate policies regarding the remuneration structure;
		      nominasi;                                                   		     b. Policies and criteria needed in the nomination process;         		   yang dimaksud di atas harus memiliki kelayakan, kepatutan,   			 and
		     c. Kebijakan evaluasi kinerja bagi anggota Direksi dan/      		     c. Performance evaluation policy for members of the Board          		   serta tolok ukur yang wajar dengan mempertimbangkan:         		   c. Determine the magnitude of the remuneration structure.
			       atau Dewan Komisaris; dan                                 			       of Directors and/or the Board of Commissioners; and             		   a. Remunerasi yang berlaku dalam sektor industry             			      Assisting the Board of Commissioners in conducting
		     d. Program pengembangan kemampuan anggota Direksi            		     d. Development program for the capabilities of the members         			     kegiatan usaha Perseroan dari waktu ke waktu;             			      performance assessment.
			       dan/atau Dewan Komisaris Perseroan.                       			       of the Board of Directors and/or Board of Commissioners         		   b. Kinerja keuangan dan pemenuhan kewajiban                    6. The aforementioned remuneration structure, policies, and
                                                                    			       of the Company.                                                 			keuangan Perseroan;                                            		   amounts must be fair, reasonable, and based on reasonable
                                                                                                                                              		   c. Prestasi kerja individual anggota Dewan Komisaris         		   benchmarks, taking into consideration the following factors:
   2. Memberikan usulan mengenai calon anggota Dewan                    2. Provide proposals regarding candidates for the Board of            			     dan/atau Direksi Perseroan;                               		   a. Remuneration prevailing in the company’s industry sector
		     Komisaris dan/atau Direksi kepada Dewan Komisaris untuk      		     Commissioners and/or the Board of Directors to the Board           		   d. Kinerja tugas, tanggung jawab, dan wewenang anggota       			      over time;
		     disampaikan kepada RUPS Perseroan.                           		     of Commissioners for submission to the Company’s General           			     Dewan Komisaris dan/atau Direksi Perseroan;               		   b. Financial performance and fulfillment of financial
                                                                    		     Meeting of Shareholders (GMS).                                     		   e. Tujuan dan pencapaian kinerja jangka pendek atau          			      obligations of the Company;
                                                                                                                                              			     Panjang yang sesuai dengan strategi Perseroan; dan        		   c. Individual performance achievements of members of the
   3. Menentukan kriteria untuk diimplementasikan dalam                 3. Determine criteria to be implemented in identifying, examining,    		   f. Keseimbangan tunjangan yang bersifat tetap dan            			      Board of Commissioners and/or the Board of Directors;
		     mengidentifikasi para calon, memeriksa, dan menyetujui       		     and approving candidates for the positions of the Board of         			     variative dengan memperhatikan kelayakan dan              		   d. Performance of duties, responsibilities, and authorities
		     calon anggota Direksi dan/atau Dewan Komisaris               		     Directors and/or the Board of Commissioners of the Company.        			     keseluruhan remunerasi bagi Dewan Komisaris dan/          			      of members of the Board of Commissioners and/or the
		     Perseroan, dan dalam melakukan hal tersebut Komite           		     In doing so, the Nomination and Remuneration Committee of          			     atau Direksi Perseroan.                                   			      Board of Directors;
		     Nominasi dan Remunerasi Perseroan akan menerapkan            		     the Company shall apply the principle that each candidate is         7. Komite dapat mempertimbangkan masukan dari anggota           		   e. Short-term or long-term goals and performance
		     prinsip bahwa setiap calon mampu dan layak untuk jabatan     		     capable and suitable for the respective position and meets the     		   Direksi maupun anggota Dewan Komisaris lainnya terkait       			      achievements in line with the Company’s strategy; and
		     kedudukan yang bersangkutan dan merupakan calon yang         		     qualifications for such position based on experience, abilities,   		   kebijakan yang akan direkomendasikan.                        		   f. Balance of fixed and variable allowances, considering
		     memenuhi syarat untuk posisi atau kedudukan tersebut         		     and other relevant factors.                                          8. Struktur, kebijakan, dan besaran remunerasi harus            			      eligibility and overall remuneration for the Board of
		     dengan pengalaman, kemampuan, dan faktor-faktor                                                                                        		   dievaluasi oleh Komite Remunerasi dan Nominasi minimal       			      Commissioners and/or the Board of Directors.
		     relevan lainnya.                                                                                                                       		   satu kali dalam setahun.                                       7. The Committee may consider input from members of the Board
                                                                                                                                                9. Melaksanakan tugas lain yang diberikan Dewan Komisaris       		   of Directors and other members of the Board of Commissioners
   4. Menjalankan prosedur remunerasi bagi anggota anggota              4. Implement the remuneration procedures for members of               		   yang berkaitan dengan remunerasi sesuai dengan ketentuan     		   regarding the recommended policies.
		     Dewan Komisaris dan/atau Direksi sebagaimana dimaksud        		     the Board of Commissioners and/or Board of Directors as            		   yang berlaku.                                                  8. The structure, policies, and amount of remuneration must be
		     di atas.                                                     		     mentioned above.                                                                                                                     		   evaluated by the Remuneration and Nomination Committee at
                                                                                                                                                                                                                		   least once a year.
II. Fungsi Remunerasi:                                              II. Remuneration Function:                                                                                                                    9. Carry out other tasks assigned by the Board of Commissioners
                                                                                                                                                                                                                		   related to remuneration in accordance with applicable
   1. Melakukan evaluasi terhadap kebijakan remunerasi                  1. Evaluate the remuneration policies and assess their compliance                                                                       		 regulations.
		     serta evaluasi terhadap kesesuaian dengan pelaksanaan        		     with the implementation of remuneration policies over time.
		     kebijakan remunerasi dari waktu ke waktu.                        2. Provide recommendations to the Board of Commissioners
   2. Memberikan rekomendasi kepada Dewan Komisaris                 		     regarding the remuneration structure for members of the Board
		     mengenai struktur Remunerasi bagi anggota Direksi            		     of Directors and the Board of Commissioners to be presented
		     dan Dewan Komisaris untuk disampaikan dalam RUPS             		     at the Company’s General Meeting of Shareholders (GMS).
		 Perseroan.                                                           3. Provide recommendations to the Board of Commissioners
   3. Memberikan rekomendasi kepada Dewan Komisaris                 		     regarding the framework of remuneration policies for
		     mengenai kerangka kebijakan remunerasi bagi pegawai          		     employees as a whole, which has been previously approved by
		     secara keseluruhan yang sebelumnya telah disetujui oleh      		     the Board of Directors. These recommendations (if any) shall
		     Direksi. Rekomendasi tersebut (jika ada) selanjutnya akan    		     then be conveyed by the Board of Commissioners to the Board
		     disampaikan oleh Dewan Komisaris kepada Direksi.             		     of Directors.




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          Laporan Tahunan & Keberlanjutan 2024                                                     PT King Tire Indonesia TBK                       PT King Tire Indonesia TBK                                                        2024 Annual & Sustainability Report
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                                             Ikhtisar Kinerja                   Laporan Manajemen                                 Profil Perusahaan                                      Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                   Laporan Keberlanjutan
                                          Performance Highlights                 Management Report                                 Company Profile                                        Management Discussion And Analysis                    Corporate Governance                     Sustainability Report




Piagam Komite Nominasi dan Remunerasi                                 Nomination and Remuneration Committee Charter
                                                                                                                                                                Rapat Komite Nominasi dan Remunerasi                                          Nomination and Remuneration Committee Meetings
Komite Audit telah dilengkapi piagam (charter) berupa Piagam Komite   The      Audit   Committee        has     been   equipped       with   a   charter   in
Nominasi dan Remunerasi yang ditetapkan dalam Surat Keputusan         the      form    of   the   Nomination           and    Remuneration       Committee
                                                                                                                                                                Sepanjang tahun 2024, Komite Nominasi dan Remunerasi mengadakan               Throughout 2024, the Nomination and Remuneration Committee held
Dewan Komisaris Perseroan No. 001/SKDK/XII/2022 tanggal 16            Charter,     established     in     the    Board       of    Commissioners’     Decree
                                                                                                                                                                rapat sebanyak 1 kali dengan rincian kehadiran sebagai berikut:               meetings 1 times with details of attendance as follows:
Desember 2022.                                                        No. 001/SKDK/XII/2022 dated December 16, 2022.


Piagam ini berperan sebagai pedoman pendukung pelaksanaan kerja       This charter serves as a guiding document for supporting the
Komite Audit. Dalam piagam tersebut, diatur hal-hal yang berkaitan    implementation of the Audit Committee’s work. The charter covers                                     Nama                                        Jumlah Rapat                    Jumlah Kehadiran                      Tingkat Kehadiran (%)
                                                                                                                                                                           Name                                       Total Meetingst                 Total of Attendancet                    Attendance Rate (%)
dengan Komite Nominasi dan Remunerasi, seperti pembentukan            matters related to the Nomination and Remuneration Committee, such as
Komite Nominasi dan Remunerasi; tugas dan tanggung jawab;             the formation of the Nomination and Remuneration Committee, roles and
                                                                                                                                                                Danny Setiawan                                            1                                   1                                   100%
wewenang; serta keanggotaan komite, rapat komite dan pelaporan.       responsibilities, authorities, as well as committee membership, meetings,
                                                                      and reporting.                                                                            Hardi Muliawan                                            1                                   1                                   100%


                                                                                                                                                                Indra Muliawan                                            1                                   1                                   100%
Pernyataan Independensi Komite Nominasi dan                           Independence Statement of the Nomination and
Remunerasi                                                            Remuneration Committee
                                                                                                                                                                Pelaksanaan Tugas dan Tanggung Jawab Komite                                   Implementation of the Duties and Responsibilities of the
Untuk memastikan pelaksanaan tugas Komite Nominasi dan                To ensure that the Nomination and Remuneration Committee carries out its                  Nominasi dan Remunerasi Tahun 2022                                            Nomination and Remuneration Committee in 2022
Remunerasi berjalan dengan baik dan terbebas dari benturan            duties effectively and remains free from conflicts of interest, interventions,
kepentingan, intervensi, serta pengaruh pihak-pihak tertentu yang     and influences from external parties that could affect the nomination and                 Sampai dengan 31 Desember 2024, Komite Nominasi dan Remunerasi                As of December 31, 2024, the Nomination and Remuneration Committee
dapat memengaruhi fungsi nominasi dan remunerasi di Perseroan,        remuneration functions within the Company, the Company emphasizes                         telah melaksanakan tugas dan tanggung jawabnya dengan melakukan               has carried out its duties and responsibilities by conducting a number of
Perseroan menegaskan pentingnya independensi Komite Nominasi          the importance of the independence of the Nomination and Remuneration                     sejumlah kegiatan yng sesuai dengan tugas dan tanggung jawab yang             activities in accordance with its duties and responsibilities, including:
dan Remunerasi. Perseroan memastikan bahwa Komite Nominasi            Committee. The Company ensures that the Nomination and Remuneration                       dimiliki, antara lain:
dan Remunerasi telah memenuhi persyaratan yang ditetapkan dalam       Committee meets the requirements set forth in Financial Services
Peraturan Otoritas Jasa Keuangan (POJK) No. 34/POJK.04/2014           Authority Regulation No. 34/POJK.04/2014 concerning the Nomination                          1.   Memberikan rekomendasi terkait nominasi kepada Dewan                   1.   Provided recommendations regarding nominations to the Board
tentang Komite Nominasi dan Remunerasi Emiten atau Perseroan          and Remuneration Committee of Issuers or Public Companies, as well as in                         Komisaris yang mencakup komposisi dan proses nominasi                       of Commissioners which include the composition and process of
Publik, serta dalam Piagam Komite Nominasi dan Remunerasi.            the Charter of the Nomination and Remuneration Committee. By doing so,                           jabatan anggota Direksi dan/atau Dewan Komisaris, kebijakan                 nomination for the positions of members of the Board of Directors
Dengan demikian, fungsi nominasi dan remunerasi di Perseroan dapat    the nomination and remuneration functions within the Company can be                              dan kriteria yang dibutuhkan dalam proses nominasi, serta                   and/or Board of Commissioners, policies and criteria required in the
dilaksanakan secara akurat dan efektif.                               carried out accurately and effectively.                                                          kebijakan evaluasi kinerja bagi anggota Direksi dan/atau Dewan              nomination process, as well as performance evaluation policies for
                                                                                                                                                                       Komisaris;                                                                  members of the Board of Directors and/or Board of Commissioners;
                                                                                                                                                                  2.   Membantu Dewan Komisaris mengevaluasi kinerja Direksi dan/             2.   Assisted the Board of Commissioners in evaluating the performance
Peningkatan Kompetensi Komite Nominasi dan                            Competency Improvement of Nomination and                                                         atau Dewan Komisaris;                                                       of the Board of Directors and/or Board of Commissioners;
Remunerasi                                                            Remuneration Committee                                                                      3.   Menyampaikan rekomendasi kepada Dewan Komisaris terkait                3. Delivered recommendations to the Board of Commissioners
                                                                                                                                                                       program pengembangan kompetensi bagi anggota Direksi dan/                   regarding competency development programs for members of the
Di tahun 2024, Komite Nominasi dan Remunerasi tidak mengikuti         In 2024, the Nomination and Remuneration Committee did not participate                           atau Dewan Komisaris;                                                       Board of Directors and/or Board of Commissioners;
program peningkatan kompetensi dalam bentuk pendidikan dan/atau       in the competency improvement program in the form of education and/                         4.   Menelaah dan menyampaikan usulan calon Direksi dan/atau                4.   Reviewed and submitted proposals for candidates for the Board
pelatihan. Meski Komite Nominasi dan Remunerasi di tahun 2022         or training. Although the Nomination and Remuneration Committee in                               Dewan Komisaris yang telah memenuhi syarat;                                 of Directors and/or Board of Commissioners who have met the
belum ikut serta dalam pelatihan maupun pendidikan, Perseroan tetap   2022 has not participated in such training or education, the Company                        5.   Menyampaikan rekomendasi kepada Dewan Komisaris terkait                     requirements;
berkomitmen untuk mendukung peningkatan kualitas kinerja Komite       remains committed to supporting the improvement of the quality of the                            struktur,         kebijakan,     dan     besaran       remunerasi      5.   Delivered recommendations to the Board of Commissioners
Nominasi dan Remunerasi di tahun-tahun selanjutnya.                   Nomination and Remuneration Committee performance in the following                               anggota      Direksi           dan     Dewan    Komisaris;       dan        regarding the structure, policies, and amount of remuneration for
                                                                      years.                                                                                      6.   Membantu Dewan Komisaris dalam penilaian kinerja sebagai                    members of the Board of Directors and Board of Commissioners; and
                                                                                                                                                                       bagian dari pertimbangan remunerasi                                    6.   Assisted the Board of Commissioners in performance appraisal as
                                                                                                                                                                                                                                                   part of remuneration considerations




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           Laporan Tahunan & Keberlanjutan 2024                                                               PT King Tire Indonesia TBK                                 PT King Tire Indonesia TBK                                                                  2024 Annual & Sustainability Report
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                                            Ikhtisar Kinerja                     Laporan Manajemen                      Profil Perusahaan                                     Analisis Dan Pembahasan Manajemen                Tata Kelola Perusahaan                Laporan Keberlanjutan
                                         Performance Highlights                   Management Report                      Company Profile                                       Management Discussion And Analysis               Corporate Governance                  Sustainability Report




SEKRETARIS PERUSAHAAN
Corporate Secretary
                                                                                                                                                    Pelaksanaan Tugas dan Tanggung Jawab                                   Implementation of the Duties and Responsibilities of the
Tugas Sekretaris Perusahaan meliputi peran sebagai mediator antara       The role of the Corporate Secretary encompasses being a mediator
                                                                                                                                                    Sekretaris Persuahaan Tahun 2024                                       Corporate Secretary in 2024
Perseroan dengan pihak eksternal seperti Otoritas Jasa Keuangan          between the Company and external parties such as the Financial Services
(OJK), Pemegang Saham, dan para Pemangku Kepentingan lainnya.            Authority (OJK), Shareholders, and other stakeholders. Additionally,
                                                                                                                                                    Tugas dan tanggung jawab Sekretaris Perusahaan yang mengacu            The duties and responsibilities of the Corporate Secretary, as stipulated
Selain itu, Sekretaris Perusahaan juga bertanggung jawab atas kegiatan   the Corporate Secretary is responsible for public disclosure activities,
                                                                                                                                                    pada                                                                   in Financial Services Authority Regulation No. 35/2014, include the
publikasi, mengikuti perkembangan pasar modal, menjaga informasi         monitoring developments in the capital market, safeguarding Company
                                                                                                                                                    POJK No. 35/2014 antara lain sebagai berikut:                          following:
Perseroan untuk Pemangku Kepentingan, serta memberikan informasi         information for stakeholders, and providing necessary information to
                                                                                                                                                    •      Memberikan masukan kepada Direksi Perseroan untuk               •      Providing input to the Board of Directors of the Company to comply
yang dibutuhkan oleh Pemegang Saham terkait Perseroan. Sekretaris        Shareholders regarding the Company. The Corporate Secretary also
                                                                                                                                                           mematuhi ketentuan-ketentuan yang berlaku, termasuk tapi               with applicable provisions, including but not limited to Law No. 40
Perusahaan juga bertugas memantau kepatuhan Perseroan terhadap           monitors the Company’s compliance with regulations and provides input
                                                                                                                                                           tidak terbatas Undang-undang nomor 40 tahun 2007 tentang               of 2007 concerning Limited Liability Companies, Law No. 8 of 1995
peraturan dan memberikan masukan kepada Direksi mengenai                 to the Board of Directors regarding legal compliance.
                                                                                                                                                           Perseroan Terbatas, Undangundang nomor 8 tahun 1995                    concerning Capital Markets, and relevant regulations in the Republic
pemenuhan ketentuan hukum yang berlaku.
                                                                                                                                                           tentang Pasar Modal serta peraturan-peraturan yang berlaku di          of Indonesia, in accordance with general corporate governance
                                                                                                                                                           Republik Indonesia dan sesuai dengan norma-norma corporate             norms;
                                                                                                                                                           governance secara umum;
                                                                                                                                                    •      Mengikuti perkembangan Pasar Modal khususnya peraturan          •      Keeping up with developments in the Capital Market, especially
                                                                                                                                                           peraturan yang berlaku di bidang Pasar Modal;                          regulations in the field of Capital Markets;
Profil Sekretaris Perusahaan
                                                                                                                                                    •      Sebagai penghubung antara dengan Otoritas Jasa Keuangan,        •      Serving as a liaison with the Financial Services Authority, the
Profile of Corporate Secretary
                                                                                                                                                           Bursa Efek Indonesia, stakeholder, dan masyarakat                      Indonesia Stock Exchange, stakeholders, and the public;
                                                                                                                                                    •      Memelihara hubungan yang baik antara Perseroan dengan me        •      Maintaining good relations between the Company and the mass
                                                                                                                                                           dia masa;                                                              media;
                                                                         Sekretaris Perusahaan
     Diego Armando                                                       Corporate Secretary                                                        •      Memberikan pelayanan kepada masyarakat (pemodal) atas           •      Providing services to the public (shareholders) regarding any
                                                                                                                                                           setiap Informasi yang dibutuhkan pemodal berkaitan dengan              information needed by shareholders related to the Company’s
                                                                                                                                                           kondisi Perseroan;                                                     condition;
Diangkat berdasarkan Surat Keputusan Direksi Nomor 002/SKD/              Appointed as Corporate Secretary based on the Board of Directors’ Decree
                                                                                                                                                    •      Melaksanakan kegiatan-kegiatan yang mendukung kegiatan          •      Carrying out activities that support the Company’s activities
XII/2022 tentang Pengangkatan Sekretaris Perusahaan tertanggal 16        No. 002/SKD/XII/2022 regarding the Appointment of the Company
                                                                                                                                                           Perseroan tersebut di atas antara lain Laporan Tahunan, Rapat          mentioned above, including Annual Reports, General Meetings of
Desember 2022, Sekretaris Perusahaan dijabat oleh Diego Armando.         Secretary dated December 16, 2022, the Company Secretary position is
                                                                                                                                                           Umum Pemegang Saham, Keterbukaan Informasi, dan lain-lain              Shareholders, Information Disclosure, and others;
                                                                         held by Diego Armando.
                                                                                                                                                           sebagainya;                                                     •      Preparing Good Corporate Governance (GCG) practices within the
                                                                                                                                                    •      Mempersiapkan praktik Good Corporate Governance (GCG) di               Company’s environment; and
Diego Armando, warga Negara Indonesia, berusia 28 tahun, dan saat        Diego Armando is an Indonesian citizen, 28 years old, currently domicile
                                                                                                                                                           lingkungan Perseroan; dan                                       •      Maintaining and preparing documentation of the Company,
ini berdomisili di Jakarta.                                              in Jakarta.
                                                                                                                                                    •      Menjaga dan mempersiapkan dokumentasi Perseroan, termasuk              including minutes of Board of Directors’ meetings and Board of
                                                                                                                                                           notulen dari Rapat Direksi dan Rapat Dewan Komisaris serta             Commissioners’ meetings, as well as related matters.
Memperoleh gelar Sarjana Akuntansi di Universitas Esa Unggul pada        He obtained a Bachelor’s degree in Accounting from Esa Unggul University
                                                                                                                                                           hal-hal terkait.
tahun 2017. Memulai perjalanan kariernya sebagai Accounting Staff        in 2017. He began his career journey as an Accounting Staff at PT MG
di PT MG Holiday pada tahun 2011–2012, Accounting Staff di Bank          Holiday from 2011 to 2012, Accounting Staff at Bank BTN Kebon Jeruk
BTN Kantor Cabang Kebon Jeruk pada tahun 2012–2013, Senior               Branch from 2012 to 2013, Senior Accounting Staff at PT United Kingland,
Accounting Staff di PT United Kingland, dan Sekretaris Perusahaan di     and Company Secretary at PT King Tire Indonesia Tbk from 2022 to the
PT King Tire Indonesia Tbk pada tahun 2022–sekarang                      present.




Peningkatan Kompetensi Sekretaris Perusahaan                             Competency Improvement of Corporate Secretary

Di tahun 2024, Sekretaris Perusahaan tidak mengikuti program             In 2024, the Corporate Secretary did not participate in the competency
peningkatan kompetensi dalam bentuk pendidikan dan/atau pelatihan.       improvement program in the form of education and/or training. Although
Meski Sekretaris Perusahaan di tahun 2024 belum ikut serta dalam         the Corporate Secretary in 2022 has not participated in such training
pelatihan maupun pendidikan, Perseroan tetap berkomitmen untuk           or education, the Company remains committed to supporting the
mendukung peningkatan kualitas kinerja Sekretaris Perusahaan di          improvement of the quality of the Corporate Secretary performance in the
tahun-tahun selanjutnya.                                                 following years.




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                                            Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                   Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                         Performance Highlights                   Management Report                        Company Profile                                    Management Discussion And Analysis                  Corporate Governance                    Sustainability Report




UNIT AUDIT INTERNAL
Internal Audit Unit
Unit Audit Internal adalah sebuah organ yang secara umum                 The Internal Audit Unit is a organ that is generally responsible for             Tugas, Tanggung Jawab, dan Wewenang Unit Audit                        Duties, Responsibilities, and Authorities of the Internal
bertanggung jawab untuk mendukung tim manajemen Perseroan                supporting the Company’s management team in conducting audits and                Internal                                                              Audit Unit
dalam melakukan audit dan penilaian terhadap operasi manajemen           assessments of the operational management of business units and the
unit usaha serta sistem pengendalian internal Perseroan. Unit Audit      Company’s internal control systems. The Internal Audit Unit operates             Tugas dan tanggung jawab Unit Audit Internal di dalam Perseroan       The duties and responsibilities of the Internal Audit Unit within the
Internal bekerja secara independen dalam melaksanakan tugasnya,          independently in carrying out its tasks, with the objective of conducting        adalah sebagai berikut:                                               Company are as follows:
dengan tujuan untuk melakukan evaluasi menyeluruh terhadap               comprehensive evaluations of various relevant aspects and providing              1.   Memeriksa dan mengevaluasi pelaksanaan sistem pengenda           1.    Examining and evaluating the implementation of the internal
berbagai aspek yang relevan dan memberikan rekomendasi yang tepat        appropriate recommendations for improvement and enhancement. Thus,                    lian internal dan manajemen risiko sesuai dengan kebijakan             control system and risk management in accordance with Company
guna untuk perbaikan dan penyempurnaan. Dengan demikian, Unit            the Internal Audit Unit plays a crucial role in ensuring the effectiveness and        Perseroan.                                                             policy.
Audit Internal berperan penting dalam memastikan efektivitas dan         efficiency of the Company’s activities and assists in identifying potential      2.   Menyusun dan melaksanakan rencana kerja audit internal           2.    Developing and implementing an annual internal audit work plan.
efisiensi kegiatan Perseroan serta membantu dalam mengidentifikasi       risks and enhancing the internal control system.                                      tahunan.                                                         3.    Conducting special investigation tasks delegated by the Board of
potensi risiko dan meningkatkan sistem pengendalian internal.
                                                                                                                                                          3.   Melaksanakan tugas penyidikan khusus yang didelegasi oleh              Directors.
                                                                                                                                                               Direksi.
                                                                                                                                                          4.   Memeriksa dan mengevaluasi efisiensi dan efektivitas di bidang   4.    Examining and evaluating efficiency and effectiveness in finance,
Profil Kepala Unit Audit Internal                                        Profile of Head of Internal Audit Unit                                                keuangan, akuntansi, operasional, sumber daya manusia,                 accounting, operations, human resources, marketing, and
                                                                                                                                                               pemasaran, dan teknologi informasi.                                    information technology.
Unit Audit Internal dipimpin oleh seorang Kepala Unit Audit Internal     Unit Audit Internal is led by a Head of Internal Audit, currently held by        5.   Memeriksa dan mengevaluasi laporan berkala yang disam            5.    Examining and evaluating periodic reports submitted by all
yang dijabat oleh Widikdo.                                               Widikdo.                                                                              paikan oleh semua departemen, serta memastikan bahwa                   departments, as well as ensuring that reports have been presented
                                                                                                                                                               lapo ran telah disajikan sesuai dengan peraturan perundangan           in accordance with applicable laws and regulations.
Warga Negara Indonesia, berusia 49 tahun, dan saat ini berdomisili di    Widikdo is an Indonesian citizen, 49 years old, and currently residing in             yang           berlaku.                                          6.    Monitoring and evaluating audit findings, provide recommenda
Tangerang                                                                Tangerang.                                                                       6.   Memantau dan mengevaluasi temuan audit, memberikan                     tions to improve the implementation of the Company’s activities in
                                                                                                                                                               rekomendasi untuk meningkatkan pelaksanaan kegiatan                    accordance with business developments and market dynamics, and
Menjabat sebagai Kepala Unit Audit Internal sejak tanggal 16             He has been serving as the Head of Internal Audit since December 16,                  Perseroan sesuai dengan perkembangan bisnis dan dinamika               submit reports to the Audit Committee and the Board of Directors.
Desember 2022 berdasarkan Surat Keputusan Direksi Perseroan No.          2022, based on the Company’s Board of Directors’ Decree No. 001/SKD/                  pasar, serta menyampaikan laporan kepada Komite Audit dan
001/SKD/XII/2022 tanggal 16 Desember 2022.                               XII/2022 dated December 16, 2022.                                                     Direksi.
                                                                                                                                                          7.   Memantau, menganalisa, dan melaporkan pelaksanaan tinda          7.    Monitoring, analyzing, and reporting on the implementation of the
Meraih gelar Diploma Teknik Mesin, Politeknik Gajah Tunggal pada         He obtained a Diploma in Mechanical Engineering from Politeknik Gajah                 kan yang direkomendasikan.                                             recommended actions.
tahun 1994. Beliau memiliki pengalaman kerja sebagai Production          Tunggal in 1994. He has work experience as a Production Department               8.   Bekerja sama dengan Komite Audit.                                8.    Cooperating with the Audit Committee.
Dept. Head di PT King Tire Indonesia Tbk pada tahun 2012–2018,           Head at PT King Tire Indonesia Tbk from 2012 to 2018, as well as Quality
serta Quality Dept. Head dan Ketua Audit Interna di PT King Tire         Department Head and Internal Audit Chair at PT King Tire Indonesia Tbk           Untuk mendukung pelaksanaan tugas dan tanggung jawab 		               In order to support the implementation of these duties and
Indonesia Tbk pada tahun 2018–sekarang.                                  from 2018 to the present.                                                        tersebut, Unit Audit Internal memiliki wewenang sebagai berikut:      responsibilities, the Internal Audit Unit has the following authorities, as
                                                                                                                                                                                                                                follows:
                                                                                                                                                               1. Mengakses semua informasi mengenai Perseroan.                       1. Accessing all information about the Company.
Sertifikasi Audit Internal                                               Internal Audit Certification                                                          2. Berkomunikasi langsung dengan Direksi, Dewan Komisaris,             2. Directly communicating with the Board of Directors, Board of
                                                                                                                                                                 dan Komite Audit.                                                         Commissioners, and the Audit Committee.
Hingga akhir tahun 2022, seluruh anggota yang tergabung dalam Unit       Until the end of 2022, all members of the Internal Audit Unit did not yet             3. Mengadakan pertemuan berkala dan insidentil dengan                  3. Organizing periodic and incidental meetings with the Board of
Audit Internal belum memiliki sertifikasi sebagai profesi audit inter-   have such certification as an internal audit profession.                                Direksi, Dewan Komisaris, dan Komite Audit.                               Directors, Board of Commissioners, and the Audit Committee.
nal.                                                                                                                                                           4. Melakukan koordinasi kegiatan dengan auditor eksternal.             4. Coordinating activities with external auditors.


                                                                                                                                                          Piagam Unit Audit Internal                                            Internal Audit Unit Charter
Struktur dan Kedudukan Unit Audit Internal                               Structure and Position of the Internal Audit Unit in the
di Perseroan                                                             Company
                                                                                                                                                          Untuk memenuhi Pasal 9 POJK No. 56/2015, Perseroan telah memiliki     To fulfill Article 9 of POJK No. 56/2015, the Company has established an
                                                                                                                                                          Piagam Audit Internal tanggal 16 Desember 2022 yang telah memuat      Internal Audit Charter on December 16, 2022, which includes provisions
Kepala Unit Audit Internal memiliki peran sebagai pemimpin dari Unit     The Head of the Internal Audit Unit serves as the leader of the Internal
                                                                                                                                                          ketentuan dalam Pasal 9 POJK No.56/2015 serta Piagam Unit Audit       in accordance with Article 9 of POJK No. 56/2015. The Internal Audit
Audit Internal dan bertanggung jawab langsung kepada Direktur.           Audit Unit and reports directly to the Director. The Internal Audit Unit
                                                                                                                                                          Internal tersebut telah ditetapkan oleh Direksi setelah mendapat      Charter was approved by the Board of Directors after obtaining the
Unit Audit Internal berada di bawah pengawasan Direksi dan bekerja       operates under the supervision of the Board of Directors and collaborates
                                                                                                                                                          persetujuan Dewan Komisaris sebagaimana diatur dalam Pasal 10         approval of the Board of Commissioners as regulated in Article 10 of POJK
sama dengan organ dan unit lain di Perseroan dalam melaksanakan          with other organs and units within the Company to carry out its tasks. The
                                                                                                                                                          POJK. 56/2015.                                                        No. 56/2015.
tugasnya. Kepala Unit Audit Internal memiliki tanggung jawab untuk       Head of the Internal Audit Unit is responsible for ensuring that internal
memastikan bahwa audit internal dilakukan secara efektif dan efisien,    audits are conducted effectively and efficiently, as well as providing
                                                                                                                                                          Unit Audit Internal Perseroan memiliki tugas sebagai berikut:         The tasks of the Company’s Internal Audit Unit are as follows:
serta memberikan laporan dan rekomendasi kepada Direksi terkait          reports and recommendations to the Board of Directors regarding audit
temuan audit dan tindakan perbaikan yang diperlukan.                     findings and necessary corrective actions.
                                                                                                                                                          a.   Membantu tugas Direktur Utama dan Dewan Komisaris                a.    Assisting the President Director and the Board of Commissioners of
                                                                                                                                                          Perseroan, khususnya Komite Audit Perseroan yang ditunjuk oleh        the Company, especially the Company’s Audit Committee appointed
Dengan adanya kerja sama dengan organ dan unit lain di Perseroan,        Through collaboration with other organs and units within the Company,
                                                                                                                                                          Dewan Komisaris Perseroan, dalam melakukan pengawasan dan             by the Board of Commissioners, in overseeing and evaluating
Unit Audit Internal dapat memperoleh akses yang diperlukan untuk         the Internal Audit Unit gains necessary access to conduct comprehensive
                                                                                                                                                          evaluasi atas pelaksanaan pengendalian internal dan manajemen         the implementation of internal controls and risk management in
melakukan audit dan penilaian yang komprehensif terhadap operasi         audits and assessments of the Company’s operations and internal control
                                                                                                                                                          resiko agar sesuai dengan kebijakan Perseroan.                        accordance with the Company’s policies.
dan sistem pengendalian internal Perseroan.                              systems.




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                                            Ikhtisar Kinerja                  Laporan Manajemen                        Profil Perusahaan                                   Analisis Dan Pembahasan Manajemen                       Tata Kelola Perusahaan              Laporan Keberlanjutan
                                         Performance Highlights                Management Report                        Company Profile                                     Management Discussion And Analysis                      Corporate Governance                Sustainability Report




b. Menyusun dan melaksanakan rencana Audit Internal Tahunan           b.    Developing and implementing the Company’s Annual Internal Audit          Pelaksanaan Tugas dan Tanggung Jawab Unit Audit                          Implementation of the Duties and Responsibilities of the
     Perseroan.                                                             Plan.                                                                    Internal Tahun 2024                                                      Internal Audit Unit in 2024
c.   Mengkaji independensi, efisiensi dan efektifitas semua fungsi    c.    Assessing the independence, efficiency, and effectiveness of all
     manajemen dalam Perseroan.                                             management functions within the Company.                                 Seluruh tugas dan tanggung jawab yang dimiliki oleh Unit Audit           All duties and responsibilities of the Internal Audit Unit have been carried
d. Menilai efektifitas sistem pengendalian internal, termasuk         d.    Assessing the effectiveness of the internal control system, including    Internal telah dilaksanakan pada tahun 2024 melalui kegiatan             out in 2022 through the following activities:
     kepatuhan terhadap kebijakan, prosedur, pedoman, dan                   compliance with policies, procedures, guidelines, and established        sebagai berikut:
     batasbatas yang telah ditetapkan.                                      limits.                                                                  1.    Memeriksa dan mengevaluasi pelaksanaan sistem pengenda             1.      Examined and evaluated the implementation of the internal control
e.   Menilai sistem pelaporan serta mengkaji atas keakuratan dan      e.    Assessing the reporting system and reviewing the accuracy and                  lian internal dan manajemen risiko sesuai dengan kebijakan                 system and risk management in accordance with Company policy.
     ketetapan waktu penyampaian laporan kepada manajemen.                  timeliness of report submissions to management.                                Perseroan.                                                         2.      Developed and implemented an annual internal audit work plan.
f.   Menilai kelayakan dan kewajaran pedoman dan perlakuan            f.    Assessing the suitability and reasonableness of accounting guide         2.    Menyusun dan melaksanakan rencana kerja audit internal             3.      Conducted special investigation tasks delegated by the Board of
     akuntansi yang digunakan dan menguji ketaatan terhadap                 lines and treatments used and testing compliance with established              tahunan.                                                                   Directors.
     kebijakan dan pedoman akuntansi yang telah ditetapkan.                 accounting policies and guidelines.                                      3.    Melaksanakan tugas penyidikan khusus yang didelegasi oleh          4.      Examined and evaluated efficiency and effectiveness in finance,
g.   Menyelenggarakan Audit Internal secara efektif dengan            g.    Conducting Internal Audits effectively through current audits,                 Direksi.                                                                   accounting, operations, human resources, marketing, and
     melakukan current audit, regular audit maupun spesial audit.           regular audits, and special audits. The implementation of Internal       4.    Memeriksa dan mengevaluasi efisiensi dan efektivitas di bidang             information technology.
     Pelaksanaan Audit Internal tersebut harus didukung oleh                Audits must be supported by independent, competent, and                        keuangan, akuntansi, operasional, sumber daya manusia,             5.      Examined and evaluated periodic reports submitted by all
     Auditor yang independen, kompeten, dan profesional.                    professional Auditors.                                                         pemasaran, dan teknologi informasi.                                        departments, as well as ensuring that reports have been presented
h. Melaporkan hasil temuan pemeriksaan secara langsung kepada         h.    Reporting examination findings directly to the President Director        5.    Memeriksa dan mengevaluasi laporan berkala yang disam                      in accordance with applicable laws and regulations.
     Direktur Utama dan Dewan Komisaris Perseroan (melalui                  and the Board of Commissioners of the Company (through the                     paikan oleh semua departemen, serta memastikan bahwa               6.      Monitored and evaluated audit findings, provide recommendations
     Komite Audit Perseroan).                                               Company’s Audit Committee).                                                    laporan telah disajikan sesuai dengan peraturan perundangan                to improve the implementation of the Company’s activities in
i.   Melakukan pemeriksaan dan penilaian atas efisiensi dan           i.    Examining and assessing the efficiency and effectiveness in the areas          yang berlaku.                                                              accordance with business developments and market dynamics, and
     efektivitas di bidang keuangan, akuntansi, operasional, sumber         of finance, accounting, operations, human resources, marketing,          6.    Memantau dan mengevaluasi temuan audit, memberikan                         submit reports to the Audit Committee and the Board of Directors.
     daya manusia, pemasaran, teknologi informasi, dan kegiatan             information technology, and other activities.                                  rekomendasi untuk meningkatkan pelaksanaan kegiatan                7.      Monitored, analyzed, and reported on the implementation of the
     lainnya.                                                                                                                                              Perseroan sesuai dengan perkembangan bisnis dan dinamika                   recommended actions.
j.   Memberikan saran perbaikan dan informasi yang obyektif           j.    Providing objective improvement suggestions and information                    pasar, serta menyampaikan laporan kepada Komite Audit dan          8.      Cooperated with the Audit Committee.
     tentang kegiatan yang diperiksa disemua tingkat manajemen.             about the activities examined at all management levels.                        Direksi.
k.   Memantau, menganalisis dan melaporkan pelaksanaan tindak         k.    Monitoring, analyzing, and reporting on the implementation of            7.    Memantau, menganalisa, dan melaporkan pelaksanaan tinda
     lanjut perbaikan yang telah disarankan.                                recommended corrective actions.                                                kan yang direkomendasikan.
l.   Bekerja sama dengan Komite Audit Perseroan.                      l.    Cooperating with the Company’s Audit Committee.                          8.    Melakukan kerja sama dengan Komite Audit.
m. Menyusun program untuk mengevaluasi mutu kegiatan Audit            m.    Developing programs to evaluate the quality of Internal Audit
     Internal yang dilakukan.                                               activities conducted.
n.   Melakukan investigasi apabila terjadi indikasi penipuan,         n.    Conducting investigations in cases of suspected fraud, embezzle
     penggelapan dan indikasi-indikasi lainnya yang merugikan               ment,and other indications that may harm the Company.

                                                                                                                                                    SISTEM PENGENDALIAN INTERNAL
     Perseroan.
o.   Dalam melaksanakan tugasnya, Unit Audit Internal Perseroan       o.    In carrying out its duties, the Company’s Internal Audit Unit is
     wajib mematuhi peraturan perundangundangan yang berlaku.               obligated to comply with applicable laws and regulations.
                                                                                                                                                    Internal Control System


Peningkatan Kompetensi Unit Audit Internal                            Competency Improvement of Internal Audit Unit                                 Dalam rangka menjaga ketertiban dan kepatuhan terhadap peraturan          In order to maintain order and compliance with applicable regulations,
                                                                                                                                                    yang   berlaku,     Perseroan    melaksanakan   implementasi    Sistem    the Company implements an effective Internal Control System. This
Hingga akhir tahun 2024, Unit Audit Internal tidak mengikuti pro-     Until the end of 2024, the Internal Audit Unit did not participate in such    Pengendalian Internal dengan cara yang efektif. Sistem ini berperan       system plays a crucial role in supporting the Company in safeguarding
gram peningkatan kompetensi dalam bentuk pendidikan dan/atau          competency improvement program in the form of education and/or                penting dalam mendukung Perseroan dalam menjaga dan melindungi            and protecting its assets, providing accurate and standardized reporting
pelatihan.                                                            training.                                                                     aset, menyediakan proses pelaporan yang akurat dan sesuai standar,        processes, enhancing compliance with applicable regulations, and
Walaupun pada tahun 2024        belum terdapat adanya pelatihan       Although in 2022 there has not yet such training or education                 meningkatkan kepatuhan terhadap peraturan yang berlaku, serta             assisting the Company in reducing the risks of violations and deviations
maupun pendidikan yang diikuti oleh Unit Audit Internal, Perseroan    attended by the Internal Audit Unit, the Company remains committed            membantu Perseroan dalam mengurangi risiko pelanggaran dan                in its business processes. The Internal Control System is implemented
tetap berkomitmen untuk mendukung peningkatan kualitas kinerja        to supporting the improvement of the quality of the Internal Audit Unit’s     penyimpangan dalam proses bisnisnya. Sistem Pengendalian Internal         comprehensively in the operational and financial aspects of the Company
Unit Audit Internal di masa-masa mendatang.                           performance in the future.                                                    diterapkan secara menyeluruh dalam aspek operasional dan keuangan         to ensure that all processes run efficiently and in accordance with the
                                                                                                                                                    Perseroan untuk memastikan bahwa semua proses berjalan dengan             applicable provisions.
                                                                                                                                                    efisiensi     dan    sesuai     dengan   ketentuan   yang      berlaku.




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                                              Ikhtisar Kinerja                       Laporan Manajemen                        Profil Perusahaan                                Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                   Laporan Keberlanjutan
                                           Performance Highlights                     Management Report                        Company Profile                                  Management Discussion And Analysis                    Corporate Governance                     Sustainability Report




                                                                                                                                                          Risiko kredit adalah risiko bahwa pihak lain gagal memenuhi kewajiban    Credit risk is the risk that another party fails to meet obligations related to
                                                                                                                                                          terhadap instrumen keuangan atau kontrak pelanggan, yang dapat           financial instruments or customer contracts, which can result in financial
                                                                                                                                                          menyebabkan kerugian keuangan. Perseroan hanya melakukan                 losses. The Company only engages in sales transactions with reputable and
Tinjauan Efektivitas Sistem Pengendalian Internal                           2024 Internal Control System Effectiveness Review
                                                                                                                                                          transaksi penjualan dengan pihak ketiga yang memiliki reputasi baik      trustworthy third parties. The Company’s policy requires credit verification
Tahun 2024
                                                                                                                                                          dan dapat dipercaya. Kebijakan Perseroan mengharuskan verifikasi         for all customers conducting credit sales transactions. Additionally,
Perseroan    telah   mengevaluasi     bahwa      implementasi    Sistem     The Company has evaluated that the implementation of the Internal
                                                                                                                                                          kredit bagi semua pelanggan yang melakukan transaksi penjualan           accounts receivable balances are continuously monitored to ensure that
Pengendalian Internal pada tahun 2024 berjalan dengan baik dan              Control System in 2024 has been successful and in line with expectations.
                                                                                                                                                          secara kredit. Selain itu, saldo piutang dipantau secara terus-menerus   the risk of bad credit remains low.
sesuai dengan harapan. Sistem tersebut telah terbukti efektif dalam         The system has proven to be effective in supporting the Company in
                                                                                                                                                          untuk memastikan risiko kredit macet tetap rendah.
mendukung Perseroan dalam menciptakan lingkungan bisnis yang                creating a healthy and optimal business environment while ensuring
sehat, optimal, dan tetap mematuhi peraturan yang berlaku. Dengan           compliance with applicable regulations. With the effective Internal
                                                                                                                                                          Risiko likuiditas adalah risiko bahwa Perseroan menghadapi kesulitan     Liquidity risk is the risk that the Company faces difficulties in meeting
adanya Sistem Pengendalian Internal yang efektif, Perseroan dapat           Control System in place, the Company is able to conduct its business
                                                                                                                                                          dalam memenuhi kewajiban keuangan karena kekurangan dana. Risiko         financial obligations due to a lack of funds. Liquidity risk is generally
menjalankan aktivitas bisnisnya dengan pengawasan yang baik,                activities with proper oversight, minimize the risks of non-compliance, and
                                                                                                                                                          likuiditas umumnya terkait dengan ketidaksesuaian antara jatuh tempo     associated with the mismatch between the maturity of assets and
meminimalkan risiko pelanggaran, serta meningkatkan kualitas                enhance the quality of financial reporting and compliance with the rules
                                                                                                                                                          aset dan liabilitas keuangan. Perseroan melakukan pengawasan yang        financial liabilities. The Company exercises careful supervision over the
pelaporan keuangan dan kepatuhan terhadap aturan-aturan yang                and regulations.
                                                                                                                                                          cermat terhadap profil jatuh tempo aset dan liabilitas untuk mengelola   maturity profile of assets and liabilities to effectively manage liquidity risk.
berlaku.
                                                                                                                                                          risiko likuiditas dengan baik.

Pernyataan Dewan Komisaris dan Direksi atas                                 Statement of the Board of Commissioners and the Board
                                                                                                                                                          Risiko mata uang asing terkait dengan fluktuasi nilai tukar mata         Foreign exchange risk is related to fluctuations in foreign currency
Kecukupan Sistem Pengendalian Internal Perseroan                            of Directors on the Adequacy of the Company’s Internal
                                                                                                                                                          uang asing. Perseroan menghadapi risiko ini karena terlibat dalam        exchange rates. The Company faces this risk because it engages in
Tahun 2024                                                                  Control System in 2024
                                                                                                                                                          transaksi dengan mata uang asing. Upaya dilakukan untuk mengelola        transactions involving foreign currencies. Efforts are made to manage
Dewan Komisaris dan Direksi menilai bahwa implementasi Sistem               The Board of Commissioners and Directors have assessed that the
                                                                                                                                                          risiko mata uang asing dengan memantau perubahan nilai tukar dan         foreign exchange risk by monitoring exchange rate changes and utilizing
Pengendalian Internal di tahun 2024 telah dilakukan dengan baik dan         implementation of the Internal Control System in 2024 has been carried
                                                                                                                                                          menggunakan        instrumen     lindung   nilai   jika   diperlukan.    hedging instruments when necessary.
memadai. Sistem tersebut telah memberikan dukungan yang cukup               out well and adequately. The system has provided sufficient support to the
                                                                                                                                                          Perseroan berkomitmen untuk mengelola risiko-risiko ini secara           The Company is committed to effectively managing these risks through the
bagi Perseroan dalam membangun pelaksanaan kegiatan usaha yang              Company in building optimal business operations and achieving its goals
                                                                                                                                                          efektif melalui penggunaan strategi dan kebijakan yang tepat guna,       use of appropriate strategies and policies, as well as continuous monitoring
optimal       dan       mencapai        tujuan       dengan         baik.   successfully.
                                                                                                                                                          serta melakukan pemantauan dan evaluasi secara terus-menerus             and evaluation of market conditions and relevant risk factors.
pendidikan yang diikuti oleh Unit Audit Internal, Perseroan tetap
                                                                                                                                                          terhadap kondisi pasar dan faktor risiko yang relevan.
berkomitmen untuk mendukung peningkatan kualitas kinerja Unit
Audit Internal di masa-masa mendatang.




SISTEM MANAJEMEN RISIKO                                                                                                                                   Tinjauan Efektivitas Sistem Manajemen Risiko                             2024 Risk Management System Effectiveness Review
Risk Management System                                                                                                                                    Tahun 2024
                                                                                                                                                          Pada tahun 2024, Sistem Manajemen Risiko Perseroan dianggap              In 2023, the Company’s Risk Management System was deemed effective
Gambaran Sistem Manajemen Risiko di Perseroan                               Overview of the Company’s Risk Management System                              efektif dan mampu mengurangi dampak negatif dari berbagai risiko         in reducing the negative impacts of various risks faced. This enabled the
                                                                                                                                                          yang dihadapi. Hal ini memungkinkan Perseroan untuk menjalankan          Company to operate its business without significant obstacles and achieve
Perseroan menerapkan Sistem Manajemen Risiko sebagai salah satu             The Company implements a Risk Management System as a tangible                 bisnis tanpa hambatan yang signifikan dan mencapai tujuan bisnisnya.     its business objectives. The system helped the Company identify, measure,
bentuk komitmen nyata dalam menjaga kelangsungan usahanya                   commitment to ensure its business continuity through the management           Sistem ini membantu Perseroan mengidentifikasi, mengukur, dan            and manage these risks through measures such as the use of financial
melalui pengelolaan dan mitigasi risiko yang dihadapi. Sistem               and mitigation of risks. This Risk Management System plays a crucial role     mengelola risiko-risiko tersebut dengan langkah-langkah seperti          instruments, credit management policies, liquidity management, and
Manajemen Risiko ini memiliki peran penting dalam membantu                  in helping the Company identify and manage various risks effectively,         penggunaan instrumen keuangan, kebijakan pengelolaan kredit,             hedging instruments. The Company will continue to update and improve
Perseroan mengidentifikasi dan mengelola berbagai risiko dengan cara        thereby reducing the potential losses that may occur. Risk management is      manajemen likuiditas, dan instrumen lindung nilai. Perseroan akan        the Risk Management System to face future challenges.
yang efektif, sehingga dapat mengurangi potensi kerugian yang dapat         a responsibility undertaken by the Company’s Directors.                       terus memperbarui dan memperbaiki Sistem Manajemen Risiko untuk
ditimbulkan. Manajemen Risiko ini merupakan tanggung jawab yang                                                                                           menghadapi tantangan di masa depan.
diemban oleh Direksi Perseroan.


Jenis Risiko dan Cara Mitigasi                                              Types of Risks and Mitigation Methods

Perseroan menghadapi beberapa risiko, termasuk risiko kredit utama          The Company faces several risks, including the primary credit risks that      Pernyataan Dewan Komisaris dan Direksi atas                              Statement of the Board of Commissioners and the Board
yang muncul dari instrumen keuangan. Risiko-risiko ini meliputi risiko      arise from financial instruments. These risks include interest rate risk,     Kecukupan Sistem Manajemen Risiko Perseroan                              of Directors on the Adequacy of the Company’s Risk
suku bunga, risiko kredit, risiko likuiditas, dan risiko mata uang asing.   credit    risk,    liquidity   risk,   and    foreign     exchange    risk.   Tahun 2024                                                               Management System in 2024
                                                                            Interest rate risk occurs when the value or future cash flows of financial
Risiko suku bunga terjadi ketika nilai atau arus kas masa depan dari        instruments are affected by changes in market interest rates. This risk is    Berdasarkan pandangan dan penilaian Dewan Komisaris dan Direksi,         Based on the views and assessments of the Board of Commissioners
instrumen keuangan dipengaruhi oleh perubahan suku bunga pasar.             mainly related to bank borrowings and financing debts. The Company            Sistem Manajemen Risiko telah memiliki kecukupan yang tepat              and the Board of Directors, the Risk Management System has the
Risiko ini terutama terkait dengan utang bank dan utang pembiayaan.         evaluates various interest rates offered by creditors to obtain the most      dan memadai dalam mendukung proses pengelolaan risiko-risiko             appropriate and adequate adequacy to support the Company’s overall risk
Perseroan melakukan evaluasi terhadap berbagai suku bunga yang              favorable interest rates before taking on debt.                               Perseroan secara keseluruhan di tahun 2024.                              management process in 2024.
ditawarkan oleh kreditur untuk memperoleh suku bunga yang paling
menguntungkan sebelum mengambil utang.




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                                              Ikhtisar Kinerja                        Laporan Manajemen                     Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                    Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                           Performance Highlights                      Management Report                     Company Profile                                    Management Discussion And Analysis                   Corporate Governance                    Sustainability Report




PERKARA HUKUM DAN SANKSI ADMINISTRATIF                                                                                                                     manajemen, tetapi juga mencakup seluruh karyawan Perseroan.             of the Company. The Company is fully committed to consistently and
                                                                                                                                                           Perseroan berkomitmen penuh untuk menerapkan dan menegakkan             fairly implementing and enforcing this Code of Ethics, creating a healthy,

Legal Matters and Administrative Sanctions                                                                                                                 Kode Etik ini secara konsisten dan adil, sehingga tercipta lingkungan   conducive, and harmonious work environment for all parties involved. With
                                                                                                                                                           kerja yang sehat, kondusif, dan harmonis bagi semua pihak yang          collective awareness and commitment to upholding the Code of Ethics,
                                                                                                                                                           terlibat. Dengan adanya kesadaran dan komitmen bersama dalam            the Company fosters a positive corporate culture, maintains integrity, and
Sampai sampai 31 Desember 2024, Perseroan dan UKL tidak tercatat           As of December 31, 2024, the Company and its subsidiaries are not
                                                                                                                                                           menjalankan Kode Etik, Perseroan menciptakan budaya perusahaan          respects the rights and dignity of every individual within the organization.
sedang terlibat perkara pada Pengadilan Negeri manapun di seluruh          involved in any litigation cases in any District Courts throughout
                                                                                                                                                           yang positif, menjaga integritas, dan menghormati hak dan martabat
Indonesia, sengketa yang tercatat di Badan Arbitrase Nasional              Indonesia, disputes registered with the Indonesian National Arbitration
                                                                                                                                                           setiap individu di dalam organisasi.
Indonesia (BANI) atau badan-badan arbitrase lainnya, sengketa              Board (BANI) or other arbitration bodies, tax disputes in Tax Courts,
perpajakan di Pengadilan Pajak, perselisihan tata usaha negara di          administrative disputes in Administrative Courts throughout Indonesia,
Pengadilan Tata Usaha Negara manapun di seluruh Indonesia, dan             bankruptcy petitions, Suspension of Debt Payment Obligations (PKPU),
gugatan pailit, Penundaan Kewajiban Pembayaran Utang (PKPU),               and/or disputes related to Intellectual Property Rights (IPR) registered in
dan/atau sengketa Hak Kekayaan lntelektual (HKI) yang terdaftar di         Commercial Courts throughout Indonesia, as well as industrial relations
Pengadilan Niaga manapun di seluruh Indonesia, serta perselisihan          disputes registered in Industrial Relations Courts throughout Indonesia.
hubungan industrial yang terdaftar di Pengadilan Hubungan Industrial
manapun di seluruh Indonesia.                                                                                                                              PROGRAM KEPEMILIKAN SAHAM OLEH MANAJEMEN
                                                                                                                                                           (MSOP) DAN KARYAWAN (ESOP)
                                                                                                                                                           Management Stock Option Program (Msop) and Employee Stock Option Program (Esop)
KODE ETIK
Code of Conducts

Perseroan telah menerapkan kode etik sebagai panduan untuk                 The Company has implemented a code of conducts as a guideline to ensure
memastikan bahwa seluruh kegiatan bisnis Perseroan dilakukan               that all business activities are conducted with ethical principles and create
dengan prinsip-prinsip etika dan menciptakan nilai positif. Kode           positive value. This code of conducts is comprehensively applied to guide       Hingga akhir tahun 2024, Perseroan belum memiliki program               Until the end of 2024, the Company has not have a share ownership
etik ini diterapkan secara komprehensif untuk mengarahkan sikap            positive attitudes and behaviors of all members of the Company, both            kepemilikan saham oleh manajemen (Management Stock Option               program by management (Management Stock Option Program/MSOP)
dan perilaku yang positif dari semua anggota Perseroan, baik dalam         in internal interpersonal relationships and in interactions with external       Program/MSOP) dan oleh karyawan (Employee Stock Option Program/         and    by   employees     (Employee     Stock    Option    Program/ESOP).
hubungan antar-individu internal maupun dalam interaksi dengan             parties.                                                                        ESOP).
pihak eksternal.


Sosialisasi dan Upaya Penegakan Kode Etik                                  Socialization and Efforts to Enforce the Code of Conducts

Perseroan melakukan upaya yang komprehensif untuk mendukung                The Company has made comprehensive efforts to support the effective
penerapan kode etik yang efektif. Salah satu langkah yang diambil adalah   implementation of the code of ethics. One of the steps taken is to conduct
melakukan sosialisasi dan penegakan kode etik di seluruh struktur          socialization and enforcement of the code of ethics throughout the
organisasi Perseroan. Sosialisasi dilakukan dengan menyebarkan kode        Company’s organizational structure. Socialization is done by disseminating
etik kepada seluruh insan Perseroan dan memberikan pemahaman               the code of ethics to all members of the Company and providing in-depth
mendalam mengenai poin-poin yang terkandung di dalamnya.                   understanding of its contents.
Hal ini bertujuan agar setiap individu di Perseroan memahami,              This aims to ensure that every individual in the Company understands,
mengetahui, dan mematuhi seluruh isi kode etik yang telah ditetapkan.      knows, and complies with the entire code of ethics that has been
Dengan demikian, upaya ini memastikan bahwa nilai-nilai etika              established. Thus, these efforts ensure that the ethical values contained
yang terkandung dalam kode etik dapat diimplementasikan secara             in the code of ethics can be consistently implemented in all activities and
konsisten   dalam    semua     aktivitas   dan   interaksi   Perseroan.    interactions of the Company.



Pemberlakuan Kode Etik di Perseroan                                        Enforcement of the Code of Conducts in the Company

Perseroan menjunjung tinggi prinsip kesetaraan dan kesamaan                The Company upholds the principles of equality and equal treatment for all
perlakuan terhadap seluruh insan yang berada di dalamnya. Oleh             individuals within it. Therefore, the implementation of the Code of Ethics
karena itu, penerapan Kode Etik tidak hanya terbatas pada jajaran          is not limited to the management level but also includes all employees




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                                                     Ikhtisar Kinerja                     Laporan Manajemen                       Profil Perusahaan                                Analisis Dan Pembahasan Manajemen                     Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                                  Performance Highlights                   Management Report                       Company Profile                                  Management Discussion And Analysis                    Corporate Governance                    Sustainability Report




KEBIJAKAN PENGUNGKAPAN INFORMASI
Information Disclosure Policy

Perseroan       menjalankan     kewajiban         pengungkapan     informasi      The Company fulfills its obligation to disclose share ownership information
kepemilikan saham secara menyeluruh dan transparan. Informasi                     comprehensively and transparently. This information is communicated
tersebut disampaikan melalui berbagai saluran komunikasi, seperti                 through various channels, such as the Annual Report, Financial Statements,
                                                                                                                                                                Cara Penyampaian Laporan                                               Submission Report
Laporan Tahunan, Laporan Keuangan, situs web Perseroan, dan situs                 the Company’s website, and websites managed by the Indonesia Stock
                                                                                                                                                                Pelanggaran yang ditemukan oleh pelapor dapat disampaikan melalui      Such violations found by the complainant are able to be submitted through
yang dikelola oleh Bursa Efek Indonesia.                                          Exchange.
                                                                                                                                                                Sistem Pelaporan Pelanggaran atau Whistleblowing System Perseroan      the Violation Reporting System or the Company’s Whistleblowing System
                                                                                                                                                                melalui media seperti email, telepon, atau disampaikan langsung ke     through media such as email, telephone, or submitted directly to its Head
Dalam hal pengungkapan informasi kepemilikan saham Dewan                          Regarding the disclosure of share ownership information by the Board of
                                                                                                                                                                atasan. Laporan harus didukung dengan bukti kuat dan disampaikan       of Departments/Divisions. The reports must be supported by strong
Komisaris dan Direksi, Perseroan memastikan kepatuhan terhadap                    Commissioners and Directors, the Company ensures compliance with the
                                                                                                                                                                berdasarkan fakta serta bukan bersifat fitnah atau bertujuan           evidence and submitted based on facts and not slanderous or aimed at
ketentuan yang diatur dalam POJK No. 11/POJK.04/2017 tentang                      provisions stipulated in POJK No. 11/POJK.04/2017 concerning Reports
                                                                                                                                                                menjatuhkan orang lain.                                                bringing down others.
Laporan Kepemilikan atas Setiap Perubahan Kepemilikan Saham                       on Ownership of Changes in Shares of Public Companies. The Company
Perseroan Terbuka. Perseroan memastikan bahwa laporan kepemi-                     ensures that share ownership reports from the Board of Commissioners
likan saham dari Dewan Komisaris dan Direksi disampaikan se-                      and Directors are provided in a timely manner and in accordance with
                                                                                                                                                                Perlindungan bagi Pelapor
cara tepatwaktu dan sesuai dengan ketentuan yang berlaku.                         applicable regulations.
                                                                                                                                                                                                                                       Protection for Whistleblowers
                                                                                                                                                                Seluruh pelapor yang menyampaikan laporan pengaduan pelanggaran        All whistleblowers who submit reports of complaints of violations by
                                                                                                                                                                oleh Perseroan dipastikan keamanannya. Perseroan berkomitmen           the Company are ensured of their safety. The Company is committed to
Dengan adanya keterbukaan dan transparansi dalam pengungkapan                     Through openness and transparency in disclosing share ownership
                                                                                                                                                                untuk memberikan perlindungan bagi pelapor dari tindakan-tindakan      providing protection for whistleblowers from unethical actions, potentially
informasi kepemilikan saham, Perseroan memberikan akses yang jelas                information, the Company provides clear and reliable access for
                                                                                                                                                                tidak etis, berpotensi menekan atau mempengaruhi pelapor, serta        suppressing or influencing the whistleblower, as well as other actions that
dan terpercaya bagi para pemangku kepentingan, termasuk pemegang                  stakeholders, including shareholders, to understand and comprehend
                                                                                                                                                                tindakan lainnya yang bersifat merugikan pelapor. Keamanan dan         are detrimental to the reporter. The Company maintains the security and
saham, untuk mengetahui dan memahami struktur kepemi-                             the share ownership structure in the Company. This is an effort by the
                                                                                                                                                                kerahasiaan identitas pelapor dijaga oleh Perseroan dengan baik.       confidentiality of the identity of the whistleblower.
likan    sahamdi    Perseroan.        Hal   ini    merupakan    upaya      Per-   Company to comply with standards and regulatory requirements and
seroan     dalam     memenuhi          standar      dan    ketentuan    pera-     strengthen trust and transparency in its relationship with stakeholders.
turan    yang     berlaku     serta     memperkuat        kepercayaan      dan
transparansi dalam hubungan dengan pemangku kepentingan.
                                                                                                                                                                Penanganan Pengaduan                                                   Report Handling
                                                                                                                                                                Setelah laporan diterima, Perseroan menindaklanjuti laporan tersebut   As the report is received, the Company follows up on the report by
                                                                                                                                                                dengan memeriksa bukti dan hal-hal yang mendukung kebenaran            examining evidence and matters that support the veracity of the report
                                                                                                                                                                laporan tersebut untuk membantu Perseroan menentukan tindakan          to help the Company determine further actions. If proven correct, the
                                                                                                                                                                selanjutnya. Jika terbukti benar, proses dilakukan dengan mengikuti    process is carried out by following the applicable policies and regulations.
                                                                                                                                                                kebijakan dan ketentuan peraturan yang berlaku. Perseroan              The company ensures that the entire process is carried out by prioritizing
                                                                                                                                                                memastikan seluruh proses dilakukan dengan mengutamakan etika,         ethics, independency, and free from the intervention of certain parties.
                                                                                                                                                                independen, dan bebas dari pengaruh dan intervensi pihak-pihak

SISTEM PELAPORAN PELANGGARAN                                                                                                                                    tertentu.


Whistleblowing System                                                                                                                                           Pengelola Pengaduan                                                    Complaint Management
                                                                                                                                                                Sistem Pelaporan Pelanggaran atau Whistleblowing System dikelola       The Whistleblowing System is managed by the Company.
                                                                                                                                                                oleh Perseroan.
Perseroan menyadari pentingnya Sistem Pelaporan Pelanggaran atau                  The Company recognizes the importance of a Whistleblowing System or
Whistleblowing System dalam menciptakan lingkungan kerja yang                     Reporting of Violations System in creating a healthy and conducive work
sehat dan kondusif. Sistem ini memberikan sarana bagi insan internal              environment. This system provides a means for internal individuals of the     Penanganan Pengaduan Tahun 2024                                        Complaint Handling in 2024
Perseroan untuk melaporkan aduan atau laporan terkait tindakan atau               Company to report complaints or disclosures related to suspicious actions     Hingga akhir tahun 2024, Perseroan tidak menerima laporan              Until the end of 2024, the Company did not receive any reports of
perilaku yang mencurigakan atau melanggar ketentuan yang berlaku                  or behaviors that violate the applicable provisions within the Company.       pengaduan pelanggaran yang dilakukan oleh insan Perseroan.             violations committed by individuals within the Company.
di Perseroan.


Dalam penerapan Sistem Pelaporan Pelanggaran, Perseroan menjamin                  In implementing the Whistleblowing System, the Company ensures
kerahasiaan pelapor serta perlindungan terhadap pelapor dari segala               the confidentiality of the reporter and protects them from any form of
bentuk tindakan pembalasan. Perseroan juga memberikan jaminan                     retaliation. The Company also guarantees that every report will be taken
bahwa setiap laporan akan ditangani dengan serius dan diinvestigasi               seriously and thoroughly investigated. Reports received through this
secara menyeluruh. Laporan yang diterima melalui sistem ini akan                  system will be processed with integrity and fairness, in accordance with
diproses dengan integritas dan keadilan, sesuai dengan prosedur yang              established procedures.
telah ditetapkan.




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                                            Ikhtisar Kinerja                     Laporan Manajemen                       Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                            Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                         Performance Highlights                   Management Report                       Company Profile                                    Management Discussion And Analysis                           Corporate Governance                   Sustainability Report




KEBIJAKAN ANTI KORUPSI                                                                                                                                 PENERAPAN ATAS
Anti-Corruption Policy                                                                                                                                 PEDOMAN TATA KELOLA PERSEROAN TERBUKA
                                                                                                                                                       Implementation of Corporate Governance Guidelines
Perseroan menegaskan komitmennya dalam mencegah praktik korupsi          The Company reaffirms its commitment to preventing corruption practices
di lingkungan kerja dan memastikan kepatuhan terhadap ketentuan          in the workplace and ensuring compliance with applicable regulations.
                                                                                                                                                              Prinsip                                  Rekomendasi                                                         Penerapan
yang berlaku. Perseroan menjalankan kebijakan anti korupsi yang          The Company implements a comprehensive anti-corruption policy in all                Principles                              Recommendationst                                                    Implementations
diterapkan secara menyeluruh dalam seluruh aktivitas operasionalnya.     its operational activities. This is aimed at creating a work environment
                                                                                                                                                         Aspek A: Hubungan Perseroan Terbuka dengan Pemegang Saham dalam Menjamin Hak-hak Pemegang Saham
Hal ini bertujuan untuk menciptakan lingkungan kerja yang bebas dari     free from corruption practices and providing confidence to all individuals      Aspect A: Relationship between Public Companies and Shareholders in Assuring the Rights of Shareholders.
praktik korupsi dan memberikan keyakinan kepada seluruh insan            within the Company that the Company is serious about maintaining
                                                                                                                                                                              Cara atau prosedur teknis pengumpulan suara (voting) baik          Perseroan telah memiliki prosedur teknis pengumpulan suara
Perseroan bahwa Perseroan serius dalam menjaga integritas dan etika      integrity and business ethics.
                                                                                                                                                                              secara terbuka maupun tertutup yang mengedepankan                  (voting) sebagaimana diatur dalam Tata Tertib RUPS.
bisnis.                                                                                                                                                                       independensi, dan kepentingan pemegang saham.                      Terpenuhi
                                                                                                                                                       Prinsip 1.
                                                                                                                                                       Meningkatkan nilai     Options or technical procedures of opened and closed voting,       The Company has a technical procedure for voting as regulated in
Perseroan juga melakukan pemeriksaan dan evaluasi rutin terhadap         The Company also conducts regular examinations and evaluations of the         penyelenggaraan        observing independency and the interests of shareholders.          the GMS Rules of Conduct.
                                                                                                                                                       Rapat Umum                                                                                Comply
proses bisnis yang dilakukan oleh seluruh insan Perseroan. Tujuan dari   business processes carried out by all individuals within the Company.
                                                                                                                                                       Pemegang Saham
pemeriksaan ini adalah untuk mendeteksi aktivitas yang mencurigakan      The purpose of these examinations is to detect suspicious activities or                                                                                                 Selama 20223, Perseroan tidak melaksanakan RUPS sehingga
                                                                                                                                                                              Anggota Direksi dan Dewan Komisaris hadir dalam RUPS               tidak ada Anggota Direksi maupun Dewan Komisaris yang
atau melanggar kebijakan yang telah ditetapkan. Jika ditemukan           violations of established policies. If indications of corruption practices    1st Principle.         Tahunan.                                                           hadir di RUPS.
                                                                                                                                                       Increase the value     The members of the Board of Commissioners and the Board
indikasi praktik korupsi atau tindakan negatif lainnya, Perseroan akan   or other negative actions are found, the Company will take immediate                                                                                                    Penjelasan
                                                                                                                                                       of                     of
segera mengambil tindakan pencegahan untuk mencegah dampak               preventive     measures     to   mitigate     any   detrimental     impact.   General Meeting of     Directors of public company attend the AGMS.                       During 2023, the Company did not hold a General Meeting of
                                                                                                                                                       Shareholders.                                                                             Shareholders (AGMS), therefore, no members of the Board of
yang merugikan.
                                                                                                                                                                                                                                                 Directors or Board of Commissioners were present at the AGMS.
                                                                         Furthermore, the Company conducts awareness campaigns and                                                                                                               Explain
Selain itu, Perseroan melakukan sosialisasi komitmen dan upaya           prevention efforts against corruption practices for all levels within the
                                                                                                                                                                                                                                                 Selama 2023, Perseroan belum melaksanakan RUPS sehingga
pencegahan praktik korupsi kepada seluruh lapisan dalam Perseroan.       organization. These campaigns aim to ensure that all individuals within                              Ringkasan risalah RUPS tersedia dalam situs web paling             ringkasan risalah RUPS 1 (satu) tahun terakhir belum tersedia
                                                                                                                                                                              sedikit                                                            pada situs web Perusahaan.
Sosialisasi ini bertujuan untuk memastikan bahwa seluruh insan           the Company have a good understanding of the importance of preventing                                1 (satu) tahun.                                                    Penjelasan
Perseroan memiliki pemahaman yang baik tentang pentingnya                corruption practices and can actively contribute to supporting these
                                                                                                                                                                              GMS minutes available on the website of a public company           During 2023, the Company did not conduct AGMS. Thus, the
pencegahan praktik korupsi dan dapat berperan aktif dalam                efforts. Through these awareness campaigns, the Company hopes to build
                                                                                                                                                                              for at                                                             summary of the minutes of the AGMS for the last 1 (one) year is
mendukung upaya tersebut. Melalui sosialisasi, Perseroan berharap        an organizational culture that upholds integrity and compliance with                                 least 1 (one) year.                                                not yet available on the Company’s website.
                                                                                                                                                                                                                                                 Explain
dapat membangun budaya organisasi yang berintegritas dan menjaga         sound business practices.
kepatuhan terhadap praktik bisnis yang sehat.
                                                                                                                                                       Prinsip 2.                                                                                Perusahaan telah memiliki kebijakan komunikasi dengan
                                                                         Therefore, the Company takes concrete steps in preventing corruption          Meningkatkan           Memiliki kebijakan komunikasi Perseroan Terbuka dengan             pemegang saham atau investor, antara lain melalui laporan
Dengan demikian, Perseroan menjalankan langkah-langkah konkret           practices in the workplace, including the implementation of anticorruption    kualitas               pemegang saham atau investor.                                      keuangan dan laporan tahunan.
                                                                                                                                                       komunikasi                                                                                Terpenuhi
dalam pencegahan praktik korupsi di lingkungan kerja Perseroan,          policies,    routine   examinations,   and    awareness   campaigns     for   Perseroan              Has communications policy concerning its interaction with
                                                                                                                                                       Terbuka dengan         shareholders or investors.                                         The Company has a communication policy with shareholders or
termasuk kebijakan anti korupsi, pemeriksaan rutin, dan sosialisasi      all individuals within the Company. This demonstrates the Company’s
                                                                                                                                                       Pemegang                                                                                  investors, including through financial reports and annual reports.
kepada seluruh insan Perseroan. Hal ini merupakan wujud komitmen         commitment to maintaining integrity, business ethics, and creating a work     Saham atau                                                                                Comply
Perseroan dalam menjaga integritas, etika bisnis, dan menciptakan        environment free from corruption practices.                                   Investor.
                                                                                                                                                                                                                                                 Perseroan melaksanakan kebijakan komunikasi Perseroan
lingkungan kerja yang bebas dari praktik korupsi.                                                                                                      2nd Principles:                                                                           Terbuka dengan pemegang saham a tau investor melalui
                                                                                                                                                       Enhancing quality                                                                         penyampaian informasi secara terbuka mengenai Perseroan
                                                                                                                                                                              Mengungkapkan kebijakan komunikasi Perseroan Terbuka
                                                                                                                                                       of communications                                                                         yang dapat diakses pemegang saham a tau investor melalui
                                                                                                                                                       between the public     dalam situs web.                                                   situs web.
                                                                                                                                                       companies with         Discloses its communications policy with shareholders or           Terpenuhi
                                                                                                                                                       shareholders or        investors via website.
                                                                                                                                                       investors.                                                                                The Company implements a policy of communication with
                                                                                                                                                                                                                                                 shareholders or investors through the disclosure of information
                                                                                                                                                                                                                                                 about the Company that is accessible to shareholders or investors
                                                                                                                                                                                                                                                 via the website.
                                                                                                                                                                                                                                                 Comply




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                                             Ikhtisar Kinerja                         Laporan Manajemen                        Profil Perusahaan                                   Analisis Dan Pembahasan Manajemen                         Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                          Performance Highlights                       Management Report                        Company Profile                                     Management Discussion And Analysis                        Corporate Governance                   Sustainability Report




       Prinsip                                 Rekomendasi                                                        Penerapan                                         Prinsip                                  Rekomendasi                                                       Penerapan
      Principles                             Recommendationst                                                   Implementations                                    Principles                              Recommendationst                                                  Implementations
  Aspek B: Fungsi dan Peran Dewan Komisaris                                                                                                                    Aspek C: Fungsi dan Peran Direksi
  Aspect B: The Board of Commissioners Function and role                                                                                                       Aspect C: The Board of Directors Function and Role

                       Penentuan jumlah anggota Dewan Komisaris                          Penentuan jumlah anggota Dewan Komisaris Perusahaan telah                                   Penentuan jumlah anggota Direksi mempertimbangkan kondisi       Penentuan jumlah anggota Direksi Perseroan telah dilakukan
                       mempertimbangkan kondisi Perseroan.                               dilakukan dengan mempertimbangkan kondisi Perusahaan                                        Perseroan serta efektivitas dalam pengambilan keputusan.        dengan mempertimbangkan kondisi Perusahaan serta
                                                                                         serta ketentuan yang berlaku.                                                                                                                               ketentuan yang berlaku.
Prinsip 3.             The determination of number of the Board of Commissioners         Terpenuhi                                                                                   The determination of number of the Board of Directors mem-      Terpenuhi
                                                                                                                                                             Prinsip 5.
Memperkuat             members considers the condition of company.                                                                                           Memperkuat              ber
keanggotaan dan                                                                          The determination of the number of members of the Company’s                                                                                                 The determination of the number of members of the Company’s
                                                                                                                                                             keanggotaan             considers the condition of company and decision-making
Komposisi Dewan                                                                          Board of Commissioners has been carried out by taking into                                                                                                  Board of Directors has been carried out taking into account the
                                                                                         account the conditions of the Company and the applicable            dan Komposisi
Komisaris                                                                                                                                                    Direksi
                                                                                         regulations.
                                                                                         Comply
3rd Principle:                                                                                                                                               5th Principle:
Strengthen the                                                                                                                                                                                                                                       Pemilihan dan penentuan komposisi Direksi telah dilakukan
                                                                                                                                                             Strengthen the                                                                          dengan memperhatikan keberagaman keahlian, pengetahuan,
Board                                                                                    Pemilihan dan penentuan komposisi Dewan Komisaris telah             Board of Directors
of Commissioners                                                                         dilakukan dengan memperhatikan keberagaman keahlian,                                        Penentuan komposisi anggota Direksi memperhatikan               pengalaman, serta kondisi dan kompleksitas bisnis Perusahaan.
                                                                                                                                                             membership and          keberagaman keahlian, pengetahuan dan pengalaman yang           Terpenuhi
membership and         Penentuan komposisi anggota Dewan Komisaris                       pengetahuan, pengalaman, serta kondisi dan kompleksitas bisnis      composition.
composition.           memperhatikan keberagaman keahlian.                               Perusahaan.                                                                                 dibutuhkan.
                                                                                         Terpenuhi                                                                                   t                                                               The selection and determination of the composition of the
                                                                                                                                                                                     The determination of composition of the Board of Directors      Board of Directors has been carried out by taking into account
                       The Board of Commissioners considers diversity of skills and                                                                                                                                                                  the diversity of expertise, knowledge, experience, as well as the
                       knowledge.                                                        The selection and determination of the composition of the Board                             member reflects necessary diversity of skills, knowledge, and
                                                                                         of Commissioners has been carried out by taking into account                                                                                                conditions and complexity of the Company’s business.
                                                                                                                                                                                     experience.
                                                                                         the diversity of expertise, knowledge, experience, as well as the                                                                                           Comply
                                                                                         conditions and complexity of the Company’s business.
                                                                                         Comply                                                                                                                                                      Direksi yang membawahi bidang akuntansi atau keuangan
                                                                                                                                                                                     Anggota Direksi yang membawahi bidang akuntansi atau            dalam Perseroan telah memiliki pengetahuan dan pengalaman
                       Dewan Komisaris mempunyai kebijakan penilaian sendiri             Prosedur penilaian sendiri atau self-assessment Dewan                                       keuangan memiliki keahlian dan/atau pengetahuan di              yang cukup di bidang akun tansi.
                                                                                         Komisaris sedang disusun oleh Perusahaan.                                                   bidang                                                          Terpenuhi
                       (selfassessment)
                       untuk menilai kinerja Dewan Komisaris.                            Penjelasan                                                                                  akuntansi.
                                                                                                                                                                                                                                                     The Board of Directors in charge of accounting or finance within
                                                                                         The Company’s self-assessment or self-assessment procedure is                               The member of the Board of Directors responsible for            the Company has sufficient knowledge and experience in the
                       The Board of Commissioners has self-assessment policy to                                                                                                                                                                      accounting field.
                                                                                         being prepared by the Company                                                               accounting
                       measure their performances.                                                                                                                                                                                                   Comply
                                                                                         Explain                                                                                     or finance have relevant expertise and/or knowledge.

                                                                                         Prosedur penilaian sendiri atau self-assessment Dewan
                       Kebijakan penilaian sendiri diungkapkan dalam L aporan            Komisaris sedang disusun oleh Perusahaan.                                                   Direksi memiliki kebijakan penilaian sendiri untuk menilai      Prosedur penilaian sendiri atau self-assessment Direksi sedang
                       Tahunan.                                                          Penjelasan                                                                                  kinerja Direksi.                                                disusun oleh Perusahaan.
                                                                                                                                                             Prinsip 6.                                                                              Penjelasan
                       Self-assessment policy is disclosed in the Annual Report.         The Board of Commissioners’ self-assessment procedure is being      Meningkatkan            The Board of Directors have self-assessment policy to
Prinsip 4.                                                                               prepared by the Company.                                                                                                                                    The Board of Directors’ self-assessment procedure is being
                                                                                                                                                             pelaksanaan             measure
Meningkatkan                                                                             Explain                                                                                                                                                     developed by the Company.
                                                                                                                                                             tugas dan tanggung      their performances.
kualitas pelaksa-                                                                                                                                                                                                                                    Explain
                                                                                                                                                             jawab Direksi.
naan                   Dewan Komisaris mempunyai kebijakan pengunduran diri              Dewan Komisaris telah memiliki kebijakan terkait
tugas dan tanggung     apabila terlibat dalam kejahatan keuangan.                        pengunduran diri apabila terlibat dalam kejahatan keuangan.         6th Principle.                                                                          Prosedur penilaian sendiri atau self-assessment Direksi sedang
jawab Dewan                                                                                                                                                                          Kebijakan penilaian sendiri diungkapkan dalam Lapor an
                                                                                         Terpenuhi                                                           The execution                                                                           disusun oleh Perusahaan.
Komisaris.             The Board of Commissioners has the policy concerning                                                                                                          Tahunan.
                                                                                                                                                             of impovement                                                                           Penjelasan
                       members’                                                          The Board of Commissioners has a policy regarding resignation if    on duties and
4th Principle:         resignation in the event that a member is involved in finan-      involved in a financial crimes.                                                             Self-assessment policy is disclosed in Annual Report.
                                                                                                                                                             responsibilities                                                                        The Board of Directors’ self-assessment procedure is being
Enhance the quality    cial                                                              Comply                                                              of the                                                                                  developed by the Company.
of the Board of
                                                                                                                                                             Board of Directors.                                                                     Explain
Commissioners                                                                            Salah satu tugas Komite Nominasi dan Remunerasi adalah
duties                                                                                   untuk memberikan rekomendasi kepada Dewan Komisaris
and responsibilities   Dewan Komisaris atau Komite Nominasi dan Remunerasi                                                                                                           Direksi memiliki kebijakan pengunduran diri apabila terlibat    Direksi telah memiliki kebijakan terkait pengunduran diri
                                                                                         terkait evaluasi kinerja dan usulan calon yang memenuhi                                                                                                     apabila terlibat dalam kejahatan keuangan.
performance.           menyusun kebijakan suksesi dalam Proses Nominasi ang-                                                                                                         dalam kejahatan keuangan
                                                                                         syarat sebagai anggota Direksi.                                                                                                                             Terpenuhi
                       gota                                                              Terpenuhi
                       Direksi.                                                                                                                                                      The Board of Directors has the policy concerning members’
                                                                                                                                                                                     resignation in the event that a member is involved in finan-    The Board of Directors has a policy regarding resignation if
                                                                                         One of the tasks of the Nomination and Remuneration Committee                                                                                               involved in a financial crimes.
                       The Board of Commissioners or committee that exercises            is to provide recommendations to the Board of Commissioners                                 cial
                                                                                                                                                                                                                                                     Comply
                       the                                                               regarding performance evaluation and proposals for candidates                               crimes.
                       nomination and remuneration function develop succession           who comply the requirements as members of the Board of
                       policy                                                            Directors.
                       in the process of the Directors nomination.                       Comply




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                                              Ikhtisar Kinerja                      Laporan Manajemen                           Profil Perusahaan                           Analisis Dan Pembahasan Manajemen                           Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                           Performance Highlights                    Management Report                           Company Profile                             Management Discussion And Analysis                          Corporate Governance                    Sustainability Report




       Prinsip                                  Rekomendasi                                                       Penerapan                                     Prinsip                                 Rekomendasi                                                        Penerapan
      Principles                              Recommendationst                                                  Implementations                                Principles                             Recommendationst                                                   Implementations

  Aspek D: Partisipasi Pemangku Kepentingan                                                                                                                Aspek E: Meningkatkan Keterbukaan Informasi
  Aspect D: Stakeholders Participation                                                                                                                     Aspect E: Enhance Information Transparency

                                                                                                                                                                               Memanfaatkan penggunaan teknologi informasi secara lebih           Perseroan sudah memiliki sarana lain selain Situs Web
                      Memiliki kebijakan untuk mencegah Insider Trading.               Perseroan telah memiliki kebijakan terkait pencegahan praktik
                                                                                                                                                                               luas selain Situs Web sebagai media keterbukaan informasi.         sebagai media keterbukaan informasi. Perseroan masih
                                                                                       Insider Trading.                                                  Prinsip 8.                                                                               mengembangkan dan menyesuaikan media tersebut dengan
                      Has the policy to prevent insider tradings.                      Terpenuhi                                                         Meningkatkan          Utilises range of information technology platforms other than      kebutuhan Perusahaan.
                                                                                                                                                         keterbukaan           website as channels of information disclosure.                     Terpenuhi
                                                                                       The Company has a policy regarding the prevention of Insider      Informasi
                                                                                       Trading practices.
                                                                                                                                                                                                                                                  The Company does not yet have other facilities besides the
                                                                                       Comply
                                                                                                                                                         8th Principle:                                                                           Website as a medium for information disclosure. The Company
                                                                                                                                                         Enhance informa-                                                                         is still developing and adapting the media to the needs of the
                                                                                       Perseroan telah memiliki kebijakan Anti Korupsi dan Anti
                                                                                                                                                         tion                                                                                     Company.
                      Memiliki kebijakan Anti Korupsi dan Anti Fraud.                  Fraud.
                                                                                                                                                         transparency                                                                             Comply
                                                                                       Terpenuhi
                      Has the anticorruption and anti-fraud policies.
                                                                                       The Company already has an Anti-Corruption and Anti-Fraud                               Laporan Tahunan Perseroan mengungkapkan pemilik
                                                                                                                                                                                                                                                  Informasi pemilik manfaat akhir dalam kepemilikan saham
                                                                                       policy.                                                                                 manfaat
                                                                                                                                                                                                                                                  Perseroan paling sedikit 5% sudah disampaikan dalam Lapor an
                                                                                       Comply                                                                                  akhir dalam kepemilikan saham Perseroan, paling sedikit 5%         Tahunan.
                                                                                                                                                                               selain Pemegang Saham Utama dan Pengendali.                        Terpenuhi
                                                                                       Perseroan telah memiliki kebijakan yang berkaitan dengan
Prinsip 7.            Memiliki kebijakan tentang Seleksi dan Peningkatan               seleksi dan peningkatan kemampuan dari pemasok dan vendor                               Annual report of public company discloses the ultimate             The ultimate beneficial owner in the Company’s share ownership
Meningkatkan          Kemampuan Pemasok dan Vendor.                                    yang bekerja sama dengan Perusahaan.                                                    beneficiaries of at least 5% (fiv e percent) shareholding in the   information of at least 5% has be en submitted in the Annual
aspek tata                                                                             Terpenuhi                                                                               public company, in addition to the disclosures of ultimate         Report.
kelola Perseroan      Has the policy on suppliers or vendors selection and capabilit                                                                                           beneficiaries of shareholding in a public c ompany through         Comply
melalui                                                                                The Company already has a policy regarding to the selection and                         majority and controlling shareholders.
partisipasi                                                                            capacity improvement of suppliers and vendors that cooperate
pemangku                                                                               with the Company.
kepentingan.                                                                           Comply

7th Principle:        Memiliki Kebijakan Pemenuhan Hak-hak Kreditur.                   Perusahaan telah memiliki kebijakan pemenuhan hak-hak
Enhance                                                                                kreditur.
corporate gover-                                                                       Terpenuhi
                      Has in place the policy to fulfill the rights of creditors.
nance
through stakehold-                                                                     The company already has a policy to fulfill creditors’ rights.
ers                                                                                    Comply
participation.
                                                                                       Perseroan telah memiliki Whistleblowing System.
                      Memiliki Kebijakan Whistleblowing System.
                                                                                       Terpenuhi
                                                                                       The Company has Whistleblowing System
                      Has Whistleblowing policy.                                       Comply


                                                                                       Perseroan telah memiliki kebijakan pemberian insentif
                      Memiliki Kebijakan pemberian insentif jangka panjang             dalam skema remunerasi yang diberikan kepada Direksi dan
                      Direksi                                                          karyawan.
                      dan Karyawan.                                                    Terpenuhi

                      Has the policy of longterm incentives for the Board of           The Company has a policy of providing incentives in the
                      Directors                                                        remuneration scheme given to the Board of Directors and
                      and the employees.                                               employees.
                                                                                       Comply




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                                                                               LAPORAN KEBERLANJUTAN
                                                                                                       Sustainability Report




      6
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                                           Ikhtisar Kinerja                     Laporan Manajemen                       Profil Perusahaan                                  Analisis Dan Pembahasan Manajemen                        Tata Kelola Perusahaan              Laporan Keberlanjutan
                                        Performance Highlights                   Management Report                       Company Profile                                    Management Discussion And Analysis                       Corporate Governance                Sustainability Report




STRATEGI KEBERLANJUTAN                                                                                                                                IKHTISAR KINERJA ASPEK KEBERLANJUTAN
Sustainability Strategy                                                                                                                               Performance Highlights of Sustainability Aspects


Dengan komitmen yang teguh terhadap kinerja berkelanjutan, Per-         The Company is strongly committed to achieving sustainable performance        Aspek Ekonomi                                                                                                                    (dalam jutaan Rupiah)
seroan berupaya menciptakan nilai tambah bagi seluruh pemangku          that adds value to stakeholders and supports the sustainability of the        Economic Aspect                                                                                                                      (in Million Rupiah)

kepentingan sekaligus memperkuat keberlangsungan bisnis. Pen-           Company’s business. The Company recognizes the important role of
gakuan akan peran vital para pemangku kepentingan mendorong             stakeholders and prioritizes the enhancement of aspects related to them,                Keterangan
                                                                                                                                                                                                          2024                              2023                                        2022
                                                                                                                                                                Descriptiont
Perseroan untuk memprioritaskan peningkatan kualitas layanan dan        such as service and product quality, environmental protection, health and
produk, perlindungan lingkungan, kesehatan dan keselamatan kerja,       safety, and corporate social responsibility.                                  Penjualan bersih
                                                                                                                                                                                                     592.245.382.192                     515.679.963.404                      506.432.465.665
                                                                                                                                                      Net sales
serta tanggung jawab sosial perusahaan.
                                                                                                                                                      Laba bersih tahun berjalan
                                                                                                                                                                                                     23.801.141.150                      20.014.765.634                       20.014.765.634
                                                                                                                                                      Net income for the year




                                                                                                                                                      Aspek Lingkungan
                                                                                                                                                      Environmental Aspect

                                                                                                                                                                Keterangan                 Satuan                            2024                            2023                       2022
                                                                                                                                                                Descriptiont                Unit
                                                                                                                                                      Penggunaan Listrik
                                                                                                                                                                                            Rupiah                     22.159.674.542               19.883.549.911                  11.700.000.000
                                                                                                                                                      Electric Usage




                                                                                                                                                      Aspek Sosial
                                                                                                                                                      Social Aspect

                                                                                                                                                                Keterangan                 Satuan                            2024                            2023                       2022
                                                                                                                                                                Descriptiont                Unit
                                                                                                                                                       Jumlah Karyawan
                                                                                                                                                       Total Employees                      Orang                          1.090                          1.041                      1.026

                                                                                                                                                       Jumlah Program CSR                   Jumlah                          1                          1                                 1
                                                                                                                                                       Total of CSR Programs




Peningkatan aspek-aspek tersebut menjadi fokus Perseroan dalam          The Company considers the focus on improving these aspects as part of its
strategi keberlanjutan, yang merupakan bagian integral dari keseluru-   sustainability strategy, which is an integral component of the Company’s
han strategi bisnis. Dengan dukungan penuh dari seluruh karyawan,
Perseroan berkomitmen untuk mengimplementasikan kinerja keber-
                                                                        business strategy. With the support of all individuals within the Company,
                                                                        the Company is committed to gradually implementing sustainable                PROFIL PERSEROAN
lanjutan secara progresif demi mencapai tujuan-tujuan Sustainable       performance with the ultimate goal of achieving the Sustainable               Company Profile
Development Goals (SDGs).                                               Development Goals (SDGs).


Meskipun implementasi kinerja keberlanjutan masih dalam tahap           The implementation of sustainable performance is still in its early stages,   Informasi mengenai profil Perseroan yang memuat penjelasan                Information regarding the Company’s profile which contains an explanation

inisiasi, Perseroan menyadari krusialnya pelibatan para pemangku        but the Company has realized the importance of involving stakeholders         mengenai visi, misi, dan nilai; alamat Perseroan; skala usaha yang        of the vision, mission, and values; company’s address; business scale which

kepentingan dalam operasional bisnis. Dengan memprioritaskan pen-       in its business operations. By focusing on improving aspects relevant to      mencakup total aset, jumlah karyawan, nama dan persentase                 includes total assets, number of employees, names and percentage of

ingkatan aspek-aspek yang relevan bagi pemangku kepentingan dan         stakeholders and adopting a sustainability strategy, the Company aims to      pemegang saham; dan wilayah operasional seluruhnya dapat dilihat          shareholders; and all operational areas can be seen in the descriptions in

mengadopsi strategi keberlanjutan, Perseroan memiliki harapan un-       provide sustainable benefits to the community and the environment, as         pada uraian-uraian dalam Bab “Profil Perseroan” yang dimulai dari         the “Company Profile” Chapter starting from page 30.

tuk memberikan dampak positif yang berkelanjutan bagi masyarakat        well as achieve long-term business goals.                                     halaman 30.

dan lingkungan, sekaligus mencapai sasaran bisnis jangka panjang.




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                                                Ikhtisar Kinerja                       Laporan Manajemen                       Profil Perusahaan                                Analisis Dan Pembahasan Manajemen                            Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                             Performance Highlights                     Management Report                       Company Profile                                  Management Discussion And Analysis                           Corporate Governance                   Sustainability Report




TATA KELOLA KEBERLANJUTAN
Sustainability Governance
                                                                                                                                                                          Pemangku
                                                                                                                                                                                                          Metode Pelibatan                                                   Isu dan Pertimbangan Terkait
                                                                                                                                                               No.       Kepentingan
                                                                                                                                                                                                         Method of Engagingt                                               Related Issues and Considerations
                                                                                                                                                                         Stakeholders
Penanggung Jawab Penerapan Kinerja Berkelanjutan                               Party in Charge for the Implementation of Sustainable
                                                                                                                                                                                           • Pelaporan wajib yang sesuai kebijakan yang berlaku              • Pemenuhan kewajiban yang telah ditentukan dalam
                                                                               Performance                                                                                                 • Sosialisasi terkait pemberlakuan kebijakan terbaru              ketentuan yang berlaku
                                                                                                                                                                                           maupun perubahan dan pembaharuan kebijakan                        • Pemenuhan kepatuhan pada peraturan
                                                                                                                                                                                                                                                             • Perwujudan relasi kemitraan dalam menciptakan
Kinerja keberlanjutan secara menyeluruh menjadi tanggung jawab                 The overall sustainability performance is the responsibility of all                                                                                                           komitmen keberlanjutan
                                                                                                                                                                                           • Mandatory reporting in accordance with applicable
semua individu di Perseroan, yang didorong untuk berkomitmen dan               individuals within the Company, who are encouraged to commit and                1.         Regulator        policies
                                                                                                                                                                                           • Socialization related to the implementation of the latest       • Compliance of obligations that have been determined
terlibat dalam mewujudkan kinerja berkelanjutan. Selain itu, Perseroan         engage in achieving sustainable performance. Additionally, the Company                                      policies as well as changes and renewals of policies              in the applicable provisions
memiliki tim khusus, yaitu Divisi/Departemen Legal, yang bertanggung           has a dedicated team, namely the Legal Division/Department, that                                                                                                              • Compliance with regulations
jawab secara khusus dalam menerapkan kinerja berkelanjutan secara              is specifically responsible for implementing sustainable performance                                                                                                          • Realization of partnership relationships in creating
                                                                                                                                                                                                                                                             sustainability commitments
optimal. Tim ini bekerja sama dengan berbagai pihak, memberikan                optimally. This team collaborates with various stakeholders, provides legal
nasihat hukum terkait isu-isu berkelanjutan, dan terlibat dalam analisis       advice on sustainability issues, and participates in risk analysis, policy                                                                                                   • Perubahan yang terjadi dalam Perseroan
                                                                                                                                                                                           • RUPS (RUPST dan RUPSLB)                                        (Manajemen, Anggaran Dasar, dan/atau Aksi Korporasi)
risiko, pengembangan kebijakan, dan penanganan perizinan, sebagai              development, and licensing processes as part of the Company’s efforts to                                    • Penyajian informasi mengenai laporan keuangan di               • Informasi mengenai kinerja Perseroan
bagian dari upaya Perseroan dalam mencapai tujuan keberlanjutan.               achieve sustainability goals.                                                                               media cetak                                                      • Kesinambungan usaha dan pertumbuhannya
                                                                                                                                                                      Investor &           • Laporan Tahunan dan Laporan Keberlanjutan                      • Realisasi penerapan Tata Kelola Perseroan
                                                                                                                                                                      Pemegang Saham
                                                                                                                                                               2.     Investors &          • GMS (AGMS and EGMS)
                                                                                                                                                                                                                                                            • Changes that occur within the Company (Management,
                                                                                                                                                                      Shareholders         • Presentation of information regarding financial reports
Penilaian Risiko atas Penerapan Kinerja Berkelanjutan                          Risk Assessment on the Implementation of Sustainable                                                        in print media
                                                                                                                                                                                                                                                            Articles of Association, and/or Corporate Action)
                                                                                                                                                                                                                                                            • Information regarding the Company’s performance
                                                                               Performance                                                                                                 • Annual and Sustainability Report
                                                                                                                                                                                                                                                            • Business continuity and growth
                                                                                                                                                                                                                                                            • Realization of the implementation of Good Corporate
Risiko-risiko yang diidentifikasi oleh Perseroan dalam menjalankan             The risks identified by the Company in carrying out its business activities                                                                                                  Governance

aktivitas bisnisnya memiliki dampak terhadap upaya Perseroan dalam             have an impact on the Company’s efforts to achieve sustainability
                                                                                                                                                                                                                                                             • Peran karyawan dalam keberlanjutan Perseroan
mencapai kinerja keberlanjutan. Selain mempengaruhi operasional,               performance. In addition to affecting operations, these risks can also                                                                                                        • Keamanan, kesehatan, dan keselamatan karyawan
risiko-risiko tersebut juga dapat berdampak pada kinerja keberlanjutan         impact the overall sustainability performance of the Company.                                                                                                                 • Pemenuhan kesejahteraan
                                                                                                                                                                                                                                                             • Remunerasi yang sesuai
Perseroan secara keseluruhan.                                                                                                                                                              • Program peningkatan kompetensi                                  • Pengembangan karier
Informasi terkait risiko-risiko yang diidentifikasi, dikelola, dan ditangani   Information related to the identified risks, their management, and                                          • Perjanjian Kerja Bersama (PKB)                                  • Sarana K3
                                                                                                                                                                                           • Pemanfaatan media internal
dengan mitigasi yang tepat dapat ditemukan dalam bagian “Sistem                appropriate mitigation measures can be found in the “Risk Management                                                                                                          • Pengembangan diri (program kompetensi)
                                                                                                                                                                                           t
                                                                                                                                                                          Karyawan                                                                           • Kualitas hubungan industrial
Manajemen Risiko” yang terdapat dalam Bab “Tata Kelola Perseroan”              System” section, located in the “Corporate Governance” chapter on page          3.                          • Competency improvement program
                                                                                                                                                                          Employees        • Collective Labor Agreement
pada halaman 96.                                                               96.                                                                                                         • Utilization of internal media                                   • The role of employees in the Company’s sustainability
                                                                                                                                                                                                                                                             • Employee safety, health and safety
                                                                                                                                                                                                                                                             • Fulfillment of welfare
                                                                                                                                                                                                                                                             • Appropriate remuneration
Hubungan dengan Pemangku Kepentingan                                           Stakeholders Relations                                                                                                                                                        • Career development
                                                                                                                                                                                                                                                             • OHS Facilities
Perseroan mengutamakan pentingnya hubungan yang harmonis                       The Company prioritizes the importance of maintaining harmonious                                                                                                              • Self development (competency program)
dengan para pemangku kepentingan dalam menjalankan proses                      relationships with stakeholders in conducting its business processes.                                                                                                         • Industrial relations quality

bisnisnya. Oleh karena itu, Perseroan secara berkesinambungan                  Therefore, the Company consistently strives to establish balanced,
                                                                                                                                                                                           • Situs web                                                       • Informasi mengenai produk dan jasa Perseroan
berusaha untuk menjalin hubungan yang seimbang, beretika,                      ethical, and healthy relationships with stakeholders. The Company has                                       • Informasi dalam media cetak                                     • Laporan aduan atas produk dan jasa Perseroan
dan sehat dengan para pemangku kepentingan. Perseroan telah                    implemented various methods and measures to build positive connections,                                     • Layanan konsumen                                                • Peningkatan kualitas produk dan jasa Perseroan
                                                                                                                                                               4.         Pelanggan        • Survei kepuasan pelanggan
mengimplementasikan        berbagai      metode    dan    langkah    untuk     including:                                                                                 Customers        • Website                                                         • Information about the Company’s products and services
membangun          koneksi        yang       positif,     antara       lain:                                                                                                               • Information in Print Media                                      • Complaint reports on the Company’s products and
                                                                                                                                                                                           • Customer service
Hingga akhir tahun 2024, Perseroan tidak menerima laporan                                                                                                                                                                                                    services
                                                                                                                                                                                           • Customer satisfaction survey
                                                                                                                                                                                                                                                             • Quality enhancement of the Company’s products and
pengaduan pelanggaran yang dilakukan oleh insan Perseroan.                                                                                                                                                                                                   services

                                                                                                                                                                                          • Pelaksanaan Tanggung Jawab Sosial dan Lingkungan (TJSL)          • Kepercayaan kepada Perseroan
                                                                                                                                                               5.        Masyarakat
                                                                                                                                                                                                                                                             • Manfaat dan nilai tambah bagi masyarakat
                                                                                                                                                                           Public
                                                                                                                                                                                          • Implementation of Social and Environmental Responsibility
                                                                                                                                                                                                                                                             • Trust in the Company
                                                                                                                                                                                                                                                             • Benefits and added value for the community




                                                                                                                                                             Tantangan dalam Penerapan Kinerja Keberlanjutan                               Challenges in Implementing Sustainability Performance
                                                                                                                                                             Dalam menjalankan penerapan kinerja keberlanjutan, Perseroan                  In implementing sustainability performance, the Company faces certain
                                                                                                                                                             menghadapi kendala dan tantangan tertentu. Salah satunya adalah               constraints and challenges. One of them is the limited understanding
                                                                                                                                                             keterbatasan pemahaman terkait kinerja keberlanjutan dan kebutuhan            of sustainability performance and the high need for adaptation from all
                                                                                                                                                             adaptasi yang tinggi dari seluruh insan Perseroan. Keterbatasan               Company personnel. These limitations in understanding and knowledge,
                                                                                                                                                             pemahaman dan pengetahuan ini, serta proses penerapan kinerja                 coupled with the early stage of implementing sustainability performance,
                                                                                                                                                             keberlanjutan yang masih dalam tahap awal, menjadi tantangan yang             present challenges that need to be effectively addressed by the Company.
                                                                                                                                                             perlu diatasi dengan baik oleh Perseroan.




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                                             Ikhtisar Kinerja                    Laporan Manajemen                       Profil Perusahaan                                     Analisis Dan Pembahasan Manajemen                                Tata Kelola Perusahaan                                  Laporan Keberlanjutan
                                          Performance Highlights                  Management Report                       Company Profile                                       Management Discussion And Analysis                               Corporate Governance                                    Sustainability Report




KINERJA KEBERLANJUTAN                                                                                                                                 Pemanfaatan Energi
Sustainability Performance                                                                                                                            Energy Utilization

                                                                                                                                                                Keterangan                                       Satuan                                             2023                                                  2022
                                                                                                                                                                Descriptiont                                      Unit
Komitmen dan Upaya Perseroan Membangun Budaya                            The Company’s Commitment and Efforts to Build a
                                                                                                                                                        Listrik
Keberlanjutan                                                            Sustainability Culture                                                         Electricity
                                                                                                                                                                                                                  Rupiah                                      0000000                                       11.700.000.000


Demi mencapai kinerja keberlanjutan yang diharapkan, Perseroan           In order to achieve the desired sustainability performance, the Company      *)Perhitungan penggunaan energi dalam GJ menggunakan situs web: www.inchcalculator.com/convert/energy
                                                                                                                                                      \*) Energy usage calculations in GJ using the website: www.inchcalculator.com/convert/energy
menyadari    pentingnya    membangun      budaya    keberlanjutan   di   recognizes the importance of building a culture of sustainability in the
lingkungan kerja. Perseroan berkomitmen dan berupaya untuk               workplace. The Company is committed and strives to take steps in building
mengambil langkah-langkah dalam membangun budaya keberlanjutan.          a culture of sustainability.                                                 Perseroan       selalu   berusaha       untuk     mengoptimalkan          efisiensi     The Company always strives to optimize the efficiency of daily
Komitmen     dan   upaya     tersebut   dimulai   dengan   melakukan     This commitment and effort begin with the dissemination of sustainability    penggunaan energi listrik sehari-hari di lingkungan kerjanya. Upaya                     electricity      usage        in      its    working       environment.       This   effort    is
sosialisasi budaya dan kinerja keberlanjutan ke seluruh jajaran          culture and performance throughout the organization. The Company             ini dilakukan dengan menggunakan alat hemat energi dan kebiasaan                        made by using energy-saving devices and adopting habits of
organisasi. Perseroan memastikan bahwa setiap individu dalam             ensures that every individual within the organization understands and        untuk mematikan lampu dan barang elektronik ketika tidak digunakan.                     turning off lights and electronic appliances when not in use.
organisasi memahami dan dapat menerapkan prinsip-prinsip kinerja         can apply the principles of sustainability performance in their respective   Hal ini bertujuan untuk mengurangi konsumsi energi yang tidak perlu                     The    aim       is    to     reduce         unnecessary          energy    consumption       and
keberlanjutan dalam tanggung jawabnya masing-masing. Perseroan           roles. The Company also seeks to develop awareness and understanding         dan berkontribusi pada penghematan energi secara keseluruhan.                           contribute        to        overall         energy   savings.        With     this   awareness
juga berupaya untuk mengembangkan kesadaran dan pemahaman                of sustainability performance at all levels of the organization, both in     Dengan kesadaran dan tindakan ini, Perseroan berkomitmen untuk                          and      action,        the         Company          is     committed          to    preserving
mengenai kinerja keberlanjutan di semua tingkatan organisasi,            economic, environmental, and social aspects, in both internal and external   menjaga keberlanjutan sumber daya energi dan mengurangi dampak                          energy        resources            and       reducing       its     environmental      impact.
baik dalam aspek ekonomi, lingkungan, maupun sosial, baik dalam          relationships.                                                               lingkungan yang dihasilkan.
hubungan internal maupun eksternal.

                                                                                                                                                      Penggunaan Air                                                                          Water Usage

Kinerja Ekonomi                                                          Economic Performance                                                         Perseroan juga mengutamakan efisiensi dalam penggunaan sumber                           The Company also prioritizes efficiency in the use of water resources within
Perbandingan Kinerja Perseroan dengan Target Tahun 2024                  Company Performance Comparison with 2024 Target                              daya air di lingkungannya. Air digunakan terutama dalam aktivitas                       its environment. Water is primarily used in the Company’s office activities,
Di tahun 2024, Perseroan senantiasa mengupayakan kinerja                 In 2024, the Company has strived for its best performance in seizing         perkantoran Perseroan, dan untuk itu, upaya dilakukan untuk                             and efforts are made to ensure efficient water usage that aligns with the
terbaiknya dalam meraih peluang dan menjaga keberlangsungan              opportunities and maintaining sustainability through achieving targets.      memastikan penggunaan air yang efisien dan sesuai dengan kebutuhan.                     actual needs. The Company adopts practices such as repairing water pipe
melalui pencapaian target.                                                                                                                            Perseroan mengadopsi praktik seperti memperbaiki kerusakan pipa                         leaks, installing water-saving fixtures, and educating its employees about
                                                                                                                                                      air, memasang perlengkapan hemat air, dan mengedukasi insan                             the importance of wise water usage. By promoting water efficiency, the
                                                                                                                                                      Perseroan tentang pentingnya penggunaan air yang bijaksana. Dengan                      Company contributes to the conservation of water resources and overall
Kinerja Lingkungan                                                       Environmental Performance                                                    melakukan efisiensi dalam penggunaan air, Perseroan berkontribusi                       environmental sustainability.
Biaya Lingkungan Hidup Tahun 2024                                        Environmental Costs in 2024                                                  dalam pelestarian sumber daya air dan menjaga keberlanjutan
Perseroan senantiasa berkomitmen dalam mengutamakan kelestari-           The Company is always committed to prioritizing environmental                lingkungan secara keseluruhan.
an lingkungan hidup yang direalisasikan dalam bentuk anggaran un-        sustainability, which is realized through budget allocations for the
tuk lingkungan hidup.                                                    environment.                                                                 Aspek Keanekaragaman Hayati                                                             Biodiversity Aspect
                                                                         In 2024, the Company allocated a total amount of Rp20,000,000 to
Di tahun 2024, Perseroan telah merealisasikan biaya sejumlah             support its efforts in implementing environmental programs.                  Sebagai perusahaan yang bergerak di sektor manufaktur ban luar dan                      As a company operating in the manufacturing sector of outer and inner
Rp20.000.000 untuk mendukung upaya Perseroan dalam menjalank-                                                                                         dalam, Perseroan memiliki kesadaran yang tinggi terhadap pentingnya                     tires, the Company has a high awareness of the importance of biodiversity
an program-program yang berkaitan dengan lingkungan hidup.                                                                                            menjaga keanekaragaman hayati. Hingga akhir tahun 2024, Perseroan                       conservation. Until the end of 2024, the Company upholds this principle
                                                                                                                                                      menjunjung tinggi prinsip ini dengan memastikan bahwa wilayah                           by ensuring that its operational areas are not located in conservation
                                                                                                                                                      operasional Perseroan tidak berada di daerah konservasi dan tidak                       areas and do not have negative impacts on the surrounding environment.
Penggunaan Material dalam Proses Bisnis                                  Utilization of Materials in Business Process                                 memberikan         dampak       negatif    terhadap       lingkungan       sekitar.
Perseroan secara khusus menggunakan material dalam proses                The Company specifically uses materials in its business processes, such      Perseroan memiliki komitmen yang kuat dalam menjaga kelestarian                         The Company is strongly committed to environmental preservation, and
bisnisnya seperti karet.                                                 as rubber.                                                                   lingkungan, dan salah satu langkah konkret yang diambil adalah                          one concrete step taken is compliance with applicable regulations and
                                                                                                                                                      mematuhi peraturan yang berlaku serta secara berkala melaksanakan                       regular implementation and reporting of Environmental Impact Analysis
                                                                                                                                                      dan menyampaikan laporan Analisis Mengenai Dampak Lingkungan                            (AMDAL). This ensures that all operational activities of the Company
                                                                                                                                                      (AMDAL). Hal ini memastikan bahwa seluruh aktivitas operasional                         are conducted with consideration for their environmental and societal
                                                                                                                                                      Perseroan dilakukan dengan memperhatikan dampaknya terhadap                             impacts. With this commitment, the Company aims to minimize or
                                                                                                                                                      lingkungan dan masyarakat sekitar. Dengan adanya komitmen ini,                          avoid negative influences on the environment and actively contribute to
                                                                                                                                                      Perseroan berupaya untuk meminimalkan atau menghindari pengaruh                         maintaining ecosystem balance and environmental sustainability.
                                                                                                                                                      negatif terhadap lingkungan serta berperan aktif dalam menjaga
                                                                                                                                                      keseimbangan          ekosistem        dan      keberlanjutan        lingkungan.




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                                                  Ikhtisar Kinerja                         Laporan Manajemen                        Profil Perusahaan                                 Analisis Dan Pembahasan Manajemen                        Tata Kelola Perusahaan                  Laporan Keberlanjutan
                                               Performance Highlights                       Management Report                        Company Profile                                   Management Discussion And Analysis                       Corporate Governance                    Sustainability Report




                                                                                                                                                                  Kesetaraan Kesempatan Bekerja                                               Equalty in Employment Opportunity
                                                                                                                                                                  Perseroan menjunjung tinggi prinsip kesetaraan di lingkungan kerja          The Company upholds the principle of equality in the workplace and en-
                                                                                                                                                                  dan memastikan adanya kesempatan kerja yang sama bagi semua calon           sures equal employment opportunities for all prospective employees.
Emisi                                                                              Emission                                                                       karyawan. Dalam proses seleksi, Perseroan hanya mempertimbangkan            During the selection process, the Company only con-
Perseroan     memahami          bahwa      dalam     menjalankan       aktivitas   The Company recognizes that in carrying out its operational activities,        faktor-faktor yang relevan, seperti kesesuaian dengan jabatan, latar        siders relevant factorssuch as suitability for the posi-
operasionalnya, produksi emisi tidak dapat dihindari dan berpotensi                emissions production cannot be avoided and has the potential to impact         belakang keahlian dan pengalaman, serta kompetensi yang dimiliki            tion, qualifications, expertise, experience, and competen-
berpengaruh pada lingkungan. Oleh karena itu, Perseroan mengambil                  the environment. Therefore, the Company takes responsibility to monitor        oleh calon karyawan. Perseroan dengan tegas menegaskan bahwa                cies possessed by the prospective employees. The Company
tanggung jawab untuk memperhatikan dan mengendalikan produksi                      and control the emissions produced.                                            tidak ada diskriminasi berdasarkan latar belakang suku, agama, ras,         firmly asserts that there is no discrimination based on ethnicity, religion,
emisi yang dihasilkan.                                                                                                                                            dan antargolongan dalam proses seleksi.                                     race, or social background in the selection process.
Perseroan melakukan kontrol, pengelolaan, dan penanganan yang                      The Company implements effective control, management, and handling of
baik terhadap produksi emisi tersebut melalui langkah-langkah                      emissions production through established control measures. The Compa-          Selain memberikan kesempatan kerja yang sama, Perseroan juga                In addition to providing equal employment opportunities, the Company
pengendalian yang telah ditetapkan. Perseroan berkomitmen untuk                    ny is committed to implementing energy efficiency, thereby minimizing and      memberikan kesempatan pengembangan karier yang setara bagi                  also offers equal career development opportunities for all employees
menerapkan efisiensi dalam penggunaan energi, sehingga produksi                    controlling the emissions production at a manageable level.                    semua karyawan yang sudah bekerja di Perseroan. Setiap karyawan             already working within the Company. Each employee has an equal chance
emisi yang dihasilkan dapat diminimalisir dan dikendalikan pada                                                                                                   memiliki peluang yang sama untuk mengembangkan karier mereka                to           advance            their        career            accord-
tingkat yang terkontrol.                                                                                                                                          sesuai dengan jabatan yang tersedia dan keahlian yang relevan.              ing      to     available     positions   and      relevant      skills.
                                                                                                                                                                  Perseroan memastikan bahwa keputusan terkait promosi dan                    The Company ensures that decisions regarding promotions and career
Dengan mengedepankan efisiensi energi, Perseroan berusaha untuk                    By prioritizing energy efficiency, the Company strives to reduce the nega-     pengembangan karier didasarkan pada kualifikasi dan prestasi kerja,         development are based on qualifications and job performance, without
mengurangi dampak negatif produksi emisi terhadap lingkungan.                      tive impact of emissions production on the environment. In this regard, the    tanpa   adanya   diskriminasi   atau   preferensi    yang   tidak   adil.   any discrimination or unfair preferences.
Dalam         hal        ini,       Perseroan              berupaya         un-    Company endeavors to continuously improve best practices related to
tuk            terus              meningkatkan                   praktikpraktik    emissions management to minimize its environmental impact, aligning            Dengan pendekatan ini, Perseroan berkomitmen untuk menciptakan              Through this approach, the Company is committed to creating a fair
terbaik yang berhubungan dengan pengelolaan emisi agar dapat                       with the Company’s commitment to sustainability and environmental              lingkungan kerja yang adil dan inklusif, di mana setiap individu            and inclusive work environment where every individual has an equal
meminimalkan dampaknya pada lingkungan sejalan dengan komitmen                     preservation.                                                                  memiliki kesempatan yang sama untuk berkarier dan berkembang                opportunity to pursue a career and grow within the organization.
Perseroan terhadap keberlanjutan dan pelestarian lingkungan.                                                                                                      dalam organisasi.


Limbah dan Efluen                                                                  Waste and Effluent                                                             Komitmen Pencegahan Tenaga Kerja Anak dan Tenaga Kerja                      Commitment to Prevention of Child Labor and Forced Labor
Perseroan menyadari pentingnya pengelolaan limbah yang dihasilkan                  The Company recognizes the importance of managing the waste generated          Paksa
dari aktivitas perkantoran. Sebagian besar limbah yang dihasilkan                  from its office activities. The majority of the waste generated consists of
merupakan     limbah     rumah      tangga     yang    berasal    dari   kegia-    household waste resulting from the Company’s operational activities. The       Perseroan menjalankan seluruh proses bisnisnya dengan mematuhi              The Company conducts its entire business processes in compliance with
tan   operasional      Perseroan.        Perseroan    berkomitmen        untuk     Company is committed to responsibly managing this waste to prevent any         peraturan yang berlaku, termasuk dalam penggunaan tenaga kerja.             applicable regulations, including those related to labor practices. The
mengelola     limbah     tersebut    dengan        penuh    tanggung     jawab     negative effects on the surrounding environment.                               Perseroan mengikuti ketentuan dari Perseroan sendiri dan kebijakan          Company adheres to its own policies as well as government regulations
agar tidak menimbulkan efek negatif bagi lingkungan sekitar.                                                                                                      pemerintah terkait penggunaan tenaga kerja. Salah satu hal yang             regarding the use of labor. One important aspect is ensuring that the
                                                                                                                                                                  diperhatikan adalah memastikan bahwa Perseroan tidak menggunakan            Company does not employ child labor. The Company only hires individuals
Pengaduan terkait Lingkungan Hidup                                                 Environmental Complaints                                                       tenaga kerja anak. Perseroan hanya mempekerjakan individu yang              who have reached the minimum age set by both the Company and
Di tahun 2024, Perseroan tidak menerima adanya pengaduan                           In 2024, the Company did not receive any complaints from the public            telah mencapai usia minimal yang ditetapkan oleh Perseroan dan              government policies, which is 18 years and above.
yang disampaikan masyarakat terkait lingkungan hidup, terutama                     regarding the environment, especially concerning the areas surrounding         kebijakan pemerintah, yaitu usia 18 tahun ke atas.
lingkungan     yang     berada      di     sekitar    wilayah     operasional.     its operational sites.
                                                                                                                                                                  Perseroan juga menjunjung tinggi prinsip ketidakadilan tenaga kerja         The Company also upholds the principle of eliminating forced labor. No
                                                                                                                                                                  paksa. Tidak ada individu yang dipaksa untuk bekerja di Perseroan.          individual is coerced into working for the Company. Prior to commencing
Kinerja Sosial                                                                     Social Performance                                                             Sebelum memulai pekerjaan, seluruh karyawan telah membaca dan               employment, all employees have read and understood the employment
Komitmen Memberikan Produk dan Layanan Terbaik                                     Commitment to Providing the Best Products and Services                         memahami kontrak kerja yang diatur oleh Perseroan. Perseroan                contract provided by the Company. The Company ensures that employees
bagi Pelanggan                                                                     for Customers                                                                  memastikan bahwa karyawan bekerja secara sukarela dan sesuai                work voluntarily and in accordance with the terms stated in the
                                                                                                                                                                  dengan ketentuan yang tercantum dalam kontrak kerja. Perseroan              employment contract. The Company also ensures that the human rights of
Kemampuan Perseroan untuk terus memberikan nilai tambah bagi                       The Company’s ability to continue to provide added value for stakeholders      juga memastikan bahwa hak asasi manusia karyawan dihormati dan              employees are respected, and no forms of exploitation are imposed upon
para pemangku kepentingan sekaligus keberlanjutan bisnis Perseroan                 as well as the Company’s business sustainability is able to be achieved        tidak ada bentuk eksploitasi yang dilakukan terhadap mereka.                them.
dapat tercapai berkat dukungan, kepercayaan, dan loyalitas dari                    by the support, trust, and loyalty from the customers. For this reason,        Dengan komitmen ini, Perseroan berusaha menciptakan lingkungan              Through this commitment, the Company strives to create a fair, ethical,
pelanggan. Untuk itu, Perseroan senantiasa mengutamakan hanya                      the Company always prioritizes only providing the best products and            kerja yang adil, etis, dan menghormati hak asasi manusia. Perseroan         and human rights-respecting work environment. The Company maintains
memberikan produk dan layanan terbaik kepada pelanggan. Perseroan                  services to the customers. The Company always checks and ensures that          menjaga agar seluruh karyawan bekerja dalam kondisi yang aman,              that all employees work in safe and dignified conditions, in line with
selalu memeriksa dan memastikan seluruh produk dan layanan yang                    all products and services received by the customers are products and           bermartabat, dan sesuai dengan kebijakan yang telah ditetapkan.garuh        established policies.
diterima pelanggan adalah produk dan layanan yang sudah dievaluasi                 services that have been evaluated for safety and quality. Accordingly, the     negatif terhadap lingkungan serta berperan aktif dalam menjaga
keamanan dan kualitasnya, sehingga pelanggan dapat terus percaya                   customers are able to continue to trust the Company and always make the        keseimbangan ekosistem dan keberlanjutan lingkungan.
kepada Perseroan dan tetap menjadikan Perseroan sebagai pilihan                    Company as the first choice in order to fulfilling the need for high-quality
utama dalam memenuhi kebutuhan akan produk ban berkualitas.                        tire products.




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                                            Ikhtisar Kinerja                   Laporan Manajemen                        Profil Perusahaan                                 Analisis Dan Pembahasan Manajemen                   Tata Kelola Perusahaan                 Laporan Keberlanjutan
                                         Performance Highlights                 Management Report                        Company Profile                                   Management Discussion And Analysis                  Corporate Governance                   Sustainability Report




Kebijakan Remunerasi Karyawan                                          Employee Remuneration Policy                                                    Di tahun 2024, Perseroan telah melaksanakan program-program yang      In 2024, the Company has implemented programs incorporated in
Perseroan menjalankan tanggung jawabnya untuk memberikan imbal         The Company fulfills its responsibility to provide fair compensation to         tergabung dalam Tanggung Jawab Sosial Perseroan dengan rincian        Corporate Social Responsibility with the following details:
jasa yang layak kepada karyawan dengan penuh komitmen. Perseroan       its employees with utmost commitment. The Company ensures that the              sebagai berikut:
memastikan bahwa remunerasi yang diberikan kepada karyawan             remuneration given to employees corresponds to their workload and
sesuai dengan beban kerja dan jabatan yang mereka emban. Selain        positions. Additionally, the Company complies with the government’s
itu, Perseroan juga mematuhi kebijakan pengupahan yang ditetapkan      wage policy.
oleh pemerintah.                                                       To ensure appropriate compensation, the Company meticulously designs
Untuk memastikan imbal jasa yang sesuai, Perseroan secara teliti       a remuneration scheme that considers the Company’s conditions, industry
menyusun skema remunerasi yang mempertimbangkan kondisi                benchmarks, and adheres to relevant policies. In doing so, the Company
Perseroan, perbandingan dengan industri sejenis, dan mematuhi          also meets the requirements of the Provincial Minimum Wage (UMP) by
kebijakan yang berlaku. Dalam melaksanakan hal ini, Perseroan          providing compensation higher than the prescribed minimum wage.
juga memenuhi ketentuan Upah Minimum Provinsi (UMP) dengan
memberikan imbal jasa yang lebih tinggi dari upah minimal yang telah
ditetapkan.


Mengedepankan Lingkungan Kerja yang Layak dan                          Prioritizing a Decent and Safe Work Environment
Aman                                                                   The Company is fully committed to creating a dignified, safe, and conducive
Perseroan berkomitmen penuh untuk menciptakan lingkungan kerja         working environment for all employees involved in its operational activities,
yang layak, aman, dan kondusif bagi seluruh karyawan yang terlibat     particularly those in the field. In order to achieve this goal, the Company
dalam kegiatan operasionalnya yang berfokus pada lapangan. Dalam       implements various measures, including providing necessary safety                                            Program CSR                                                        Tanggal Pelaksanaan
                                                                                                                                                                                    CSR Program                                                                Date
rangka mencapai tujuan ini, Perseroan melaksanakan berbagai            facilities and infrastructure, effectively monitoring operational activities,
langkah, termasuk menyediakan sarana dan prasarana keselamatan         adapting the work environment to business developments, and regularly                                                                                                             27 Maret 2025
                                                                                                                                                              Berbagi Berkah Ramadhan bersama, PT King Tire Indonesia Tbk
                                                                                                                                                                                                                                                         March 27, 2025
yang diperlukan, mengawasi pelaksanaan operasional secara efektif,     evaluating workplace safety aspects in the field.
menyesuaikan lingkungan kerja dengan perkembangan bisnis, serta
secara rutin mengevaluasi aspek keselamatan kerja di lapangan.


Dampak Operasi bagi Masyarakat Sekitar Wilayah                         Impact of Operations for Communities Around the
Operasional                                                            Operational Area                                                                Inovasi dan Pengembangan Produk dan Layanan                           Innovation and Development of Product and Service
Hingga akhir tahun 2024, Perseroan tidak menemukan adanya              Until the end of 2024, the Company did not identify any operational             Upaya untuk membangun dan menjaga kepercayaan dan loyalitas           One of the efforts to build and maintain customer trust and loyalty is
dampak operasi yang mempengaruhi kehidupan masyarakat umum             impacts that affected the livelihood of the general public residing in the      pelanggan salah satunya dilakukan melalui inovasi dan pengem-         through         innovation         and        development          of
yang berada di sekitar wilayah operasional. Perseroan berupaya un-     vicinity of its operational sites. The Company strives to maintain and          bangan dari produk dan layanan yang dimiliki sebuah badan usaha.      products and services owned by such business entity.
tuk menjaga dan mempertahankan hal ini agar keberlanjutan Perse-       uphold this situation to ensure the sustainability of the Company and its
roan dapat tercapai dan kehadiran Perseroan di tengah masyarakat       continued presence in the community, providing benefits and value-added         Selama tahun 2024, Perseroan belum menjalankan praktik inovasi        During 2024, the Company has not implemented any innova-
dapat selalu memberikan manfaat dan nilai tambah.                      contributions                                                                   dalam bentuk apapun pada bisnis, layanan, hingga produk yang          tion practices in the business, services, and products offered by
                                                                                                                                                       ditawarkan Perseroan. Untuk menjaga dan mempertahankan                the Company. In order to maintain and manage this trust and
                                                                                                                                                       kepercayaan serta loyalitas tersebut, Perseroan berfokus pada         loyalty, the Company focuses on improving the quality of per-
Pengaduan dari Masyarakat                                              Public Complaints                                                               peningkatan kualitas kinerja dan optimalisasi strategi bisnis untuk   formance and optimizing business strategies to achieve ide-
Hingga akhir tahun 2024, Perseroan mencatat tidak ada pengaduan        Until the end of 2024, the Company recorded no complaints from the              meraih perolehan hasil yang ideal, sehingga tetap dapat mendorong     al results to encourage the level of trust and loyalty enhanced.
yang diberikan masyarakat terkait aktivitas operasional dan proses     public regarding its operational activities and business processes.             tingkat kepercayaan dan loyalitas terus meningkat.
bisnis Perseroan.


Program Tanggung Jawab Sosial Perseroan                                Corporate Social Responsibility Program                                         Evaluasi Keamanan Produk dan Layanan                                  Product and Service Safety Evaluation
Komitmen Perseroan untuk memberikan nilai tambah bagi mas-             The Company’s commitment to provide added value for the community is            Dalam rangka menghadirkan produk dan layanan berkualitas,             In order to provide quality products and services, the Company evaluates
yarakat direalisasikan melalui pelaksanaan program Tanggung Jawab      realized through the implementation of the Corporate Social Responsibility      Perseroan mengevaluasi sisi keamanan seluruh produk dan layanan       the safety side of all products and services provided to customers.
Sosial Perseroan atau Corporate Social Responsibility (CSR).           (CSR) program.                                                                  yang diberikan kepada pelanggan. Evaluasi dilakukan dalam bentuk      Evaluation is carried out in the form of regular inspection of all products
                                                                                                                                                       pemeriksaan seluruh produk dan layanan dengan teratur dan             and services and the Company ensures that all products and services
                                                                                                                                                       Perseroan menjaga agar seluruh produk dan layanan yang diberikan      provided are safe.
                                                                                                                                                       sudah dipastikan keamanannya.




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              Laporan Tahunan & Keberlanjutan 2024                                                      PT King Tire Indonesia TBK                             PT King Tire Indonesia TBK                                                          2024 Annual & Sustainability Report
Page 61
                                            Ikhtisar Kinerja                     Laporan Manajemen                        Profil Perusahaan                                    Analisis Dan Pembahasan Manajemen                          Tata Kelola Perusahaan                     Laporan Keberlanjutan
                                         Performance Highlights                   Management Report                        Company Profile                                      Management Discussion And Analysis                         Corporate Governance                       Sustainability Report




Dampak dari Produk dan Layanan                                            Impact of Products and Services                                                KELOMPOK PEMANGKU KEPENTINGAN
Sampai dengan 31 Desember 2024, produk dan layanan Perseroan              As of December 31, 2024, the Company’s products and services have not          STAKEHOLDERS GROUP
tidak menimbulkan dampak negatif yang merugikan pelanggan                 caused any harmful negative impacts on its customers or the community.
maupun masyarakat. Perseroan berkomitmen untuk mengawasi mutu             The Company is committed to monitoring the quality of all its products
                                                                          and services to ensure they do not have any potential negative effects that                                                               Lembaga Swadaya Masyarakat (LSM)                     Lain-lain
seluruh produk dan layanannya agar tidak memberikan pengaruh
                                                                                                                                                                Regulator                                           Non-Governmental Organization (NGO)                  Other
negatif yang berpotensi mengurangi kepercayaan pelanggan dan              could diminish trust from customers and the public in the Company.
                                                                                                                                                                Pemegang Saham/Investor                             Industri Swasta
masyarakat pada Perseroan.                                                                                                                                      Shareholder/investor                                Private Industry

                                                                                                                                                                Karyawan                                            Media Massa
                                                                                                                                                                Staff                                               Press Media
Jumlah Produk yang Ditarik Kembali                                        Number of Products Recall
                                                                                                                                                                Pemasok/Vendor/Mitra Bisnis                         Masyarakat/Komunitas
Pada tahun 2024, tidak terdapat adanya produk ban luar dan dalam          In 2023, there were no instances of the Company’s outer and inner tire                Supplier/Vendor/Business Partner                    Public/Community
Perseroan yang ditarik kembali dari peredaran karena alasan apapun        products being recalled from circulation for any reason.


Survei Kepuasan Pelanggan                                                 Customer Satisfaction Survey                                                   PENILAIAN ATAS LAPORAN BERKELANJUTAN
Sepanjang tahun 2024, Perseroan belum menjalankan aktivitas survei        During 2023, the Company has not carried out customer satisfaction
                                                                                                                                                         ASSESMENT OF SUSTAINABILITY REPORT
kepuasan pelanggan.                                                       survey activities.
Mekanisme yang dimiliki Perseroan untuk mengetahui masukan,
                                                                                                                                                         Informasi material dan lengkap telah tersaji dalam Laporan Keberlanjutan ini.
kritik, dan aspek-aspek terkait kepuasan dalam hal bisnis Perseroan       The Company’s mechanism to obtain suggestion, criticism, and such
                                                                                                                                                         Material and complete information has been presented in this Sustainability Report
dari seluruh pihak adalah dengan melalui sarana kontak Perseroan          aspects related to satisfaction in terms of the Company’s business from all
seperti nomor telepon, email, dan situs web. Melalui sarana tersebut,     parties is through the Company’s contact facilities such as via telephone,            Ya |Yes                                             Tidak |No
Perseroan dapat meninjau kembali masukan, kritik, hingga kepuasan         emails, and website. Through these facilities, the Company is able to review
                                                                                                                                                         Informasi di dalam Laporan Keberlanjutan ini sudah jelas dan mudah dipahami.
yang diberikan untuk kemudian menjadi bahan evaluasi dalam                the suggestion, criticism, and satisfaction given to become such evaluation
                                                                                                                                                         The information in this Sustainability Report is clear and convenient to understand.
memperbaiki dan menyempurnakan bisnis yang dijalankan Perseroan.          material in improving and accomplishing the Company’s business.
                                                                                                                                                                Ya |Yes                                             Tidak |No

                                                                                                                                                         Informasi yang dibutuhkan dapat ditemukan dalam Laporan Keberlanjutan ini.
                                                                                                                                                         The required information is able to be found in this Sustainability Report.


LEMBAR UMPAN BALIK                                                                                                                                              Ya |Yes                                             Tidak |No

                                                                                                                                                         Informasi dalam Laporan Keberlanjutan ini sudah disampaikan secara transparan.
Feedback Form                                                                                                                                            The information in this Sustainability Report has been presented in a transparent man-

                                                                                                                                                                Ya |Yes                                             Tidak |No
Terima kasih atas kesediaannya membaca Laporan Keberlanjutan              Thank you for your willingness in reading the 2024
PT        King       Tire    Indonesia     Tbk        Tahun       2024.   PT    King    Tire   Indonesia   Tbk     Sustainability   Report.              Silakan sampaikan masukan dalam bentuk saran hingga kritik atas Laporan Keberlanjutan pada kotak di bawah ini:
Kami mohon partisipasi seluruh pihak untuk membantu kami                  We would like to request the participation of all parties to help              Please write down your input in the form of suggestions to criticism of the Sustainability Report in the box below:
meningkatkan kualitas laporan dengan mengisi Lembar Umpan                 us improve the quality of the report by filling out this Feed-
Balik    ini   dan   mengirimkannya   kembali    kepada   kami.   Kami    back Sheet and sending it back to us. We appreciate all input,
menghargai seluruh masukan, saran, dan kritik yang diberikan atas         suggestions, and criticisms given to this Sustainability Report.
Laporan Keberlanjutan ini.




DATA PROFIL ANDA
                                                                                                                                                         Terima kasih atas partisipasinya dalam mendukung peningkatan kualitas Laporan Keberlanjutan ini melalui pengisian Lembar Umpan Balik.
YOUR PROFILE DATA
                                                                                                                                                         Silakan kirimkan kembali Lembar Umpan Balik ini kepada kami melalui:
                                                                                                                                                         Thank you for your participation in supporting the improvement of the quality of this Sustainability Report through filling out the Feedback Sheet. Please
 Nama (opsional)
 Name (optional)                                                                                                                                         re-submit this Feedback Sheet to us via:

 Jenis Kelamin
 Gender

 Usia
 Age

 Institusi/Perseroan
 Institution/Corporate                                                                                                                                                                              PT King Tire Indonesia Tbk                                       Telp. : +62-254 402675
                                                                                                                                                                                                    Jl. Raya Serang KM. 68, Desa Nambo Ilir                          Fax.: +62-254 400268
 Surel
 Email                                                                                                                                                                                              Kecamatan Kibin, Kabupaten Serang, Banten 42185                  Surel/Email : corsec@kingland.co.id
                                                                                                                                                                                                                                                                     Situs Web/Website: www.kingland.co.id




120                                                                                                                                                                                                                                                                                                           121
               Laporan Tahunan & Keberlanjutan 2024                                                       PT King Tire Indonesia TBK                              PT King Tire Indonesia TBK                                                                   2024 Annual & Sustainability Report
Page 62
                                          Ikhtisar Kinerja                    Laporan Manajemen                   Profil Perusahaan
                                       Performance Highlights                  Management Report                   Company Profile




    Surat Pernyataan Anggota Dewan Komisaris Dan Direksi Tentang
       Pertanggungjawaban Atas Laporan Tahunan Dan Laporan
             Keberlanjutan 2024 PT King Tire Indonesia Tbk
                Statement Of The Boards Of Commissioners And Directors On The
                Responsibility Of 2024 Annual Report And Sustainability Report Of
                                    PT King Tire Indonesia Tbk
Kami yang bertanda tangan di bawah ini menyatakan bahwa semua          We, the undersigned, declare that all the information contained
informasi dalam Laporan Tahunan dan Laporan Keberlanjutan PT           in the 2024 Annual Report and Sustainability Report of PT King
King Tire Indonesia Tbk tahun 2024 telah dimuat secara lengkap, dan    Tire Indonesia Tbk is comprehensively presented, and we are ful-
kami bertanggung jawab penuh atas kebenaran isi laporan tahunan        ly responsible for the accuracy of the Company’s annual report.
Perseroan.

                                            Demikian pernyataan ini dibuat dengan sebenarnya
                                      This statement has been made truthfully to the best of our knowledge


                                                              Jakarta, Desember 2024
                                                               Jakarta, December 2024



                                                    DEWAN KOMISARIS
                                               THE BOARD OF COMMISSIONERS


                                                                                                                                                                            LAPORAN
                                                           Indra Muliawan
                                                            Komisaris Utama
                                                         President Commissioner
                                                                                                                                                                        KEUANGAN
                            Hardi Muliawan                                                         Danny Setiawan                                                      Financial Statements
                              Komisaris                                                          Komisaris Independent
                             Commissioner                                                      Independent Commissioner




                                                           DIREKSI
                                                    THE BOARD OF DIRECTORS




                                                           Harris Muliawan
                                                             Direktur Utama
                                                            President Director




      Ferry Chandra Kusuma                                  Aneka Warna                                       Habibullah
                 Direktur                                       Direktur                                        Direktur
                 Director                                       Director                                        Director




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          PT KING TIRE INDONESIA TBK
     Jl. Raya Serang KM. 68, Desa Nambo Ilir
Kecamatan Kibin, Kabupaten Serang, Banten 42185
               Telp. : +62-254 402675
               Fax.: +62-254 400268
        Surel/Email : corsec@kingland.co.id
     Situs Web/Website: www.kingland.co.id

File

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Published30 Apr 2025
Pages103
Characters707,405
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Names mentioned 103 people and organisations named in the text · linked when the evidence is strong

linked org King Tire Indonesia Tbk p.2 ×418
linked person Harris Muliawan · Direktur Utama p.12 ×21
linked org Sumber Global Energy Tbk p.21 ×10
linked org Gajah Tunggal Tbk p.21 ×5
linked org PT KINGLAND INVESTINDO p.24 ×6
linked person Audit Committee Chairman p.41 ×2
possible org T KING TIRE INDONESIA TBK p.16 ×2
possible org Bursa Efek Indonesia p.16 ×3
possible org Lautan Luas Tbk p.22 ×5
possible — Ketapang Indah p.25
possible org Otoritas Jasa Keuangan p.42 ×3
possible person Indra Muliawan’s · Komisaris Utama p.43 ×23
possible org King King Tire Indonesia Tbk p.62 ×2
unresolved org King Tire Indone-nesia Tbk p.2
unresolved person On The Responsibility · Corporate Secretary p.3
unresolved person Commitments Related · Director p.3
unresolved org Pusat p.13
unresolved org Pusat Statistik p.14 ×3
unresolved person Ferry Chandra Kusuma · Direktur p.14 ×3
unresolved person Aneka Warna · Direktur p.14 ×4
unresolved person Habibullah · Direktur p.14 ×3
unresolved person Humberg Lie p.16
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik p.16
unresolved org PT King Tire Berlokasi p.16
unresolved org Minister of Law and Human Rights p.16
unresolved org Indonesia Stock Exchange p.16 ×3
unresolved person Domicile · Komisaris Utama p.20
unresolved person Kewarganegaraan · Direktur p.20
unresolved org PT Sumatera Asia Mandiri p.20
unresolved org PT Sumatera Asia Mandiri Indonesia Nationality p.20
unresolved org PT Indralaya Agro Lestari p.20 ×7
unresolved org PT Indralaya Agro Lestari Umur Age p.20
unresolved org PT Lingga Djaja p.20 ×4
unresolved org PT Lingga Djaja Domisili p.20
unresolved org Exxon Mobil Pte Ltd p.20 ×2
unresolved org di PT King Tire Indonesia Tbk · President Commissioner at PT King Tire Indonesia Tbk p.20
unresolved org PT United Kingland p.20 ×10
unresolved org PT Sritrang p.20
unresolved — di PT Sritrang Lingga · President Commissioner at PT Sritrang Lingga Indonesia p.20
unresolved org PT Sritrang Lingga Indonesia p.20 ×4
unresolved org PT Lingga Djaja. Career History p.20
unresolved person Career History · Komisaris p.20 ×2
unresolved org PT Sritrang Rangkap p.20
unresolved org PT Lingga Djaja. Concurrent Position p.20
unresolved org PT Lingga Djaja. Memiliki p.20
unresolved — & Keberlanjutan 2024 · PT King Tire Indonesia TBK p.20 ×4
unresolved org King Tire Indonesia President Director Tbk p.21 ×2
unresolved org PT Sentra Solusi Sejahtera p.21 ×4
unresolved org PT Supra Pritama Nusantara p.21 ×2
unresolved org PT Lotte Mart Indonesia p.21 ×2
unresolved — Auditor di Deloitte · Auditor at Deloitte Indonesia p.21
unresolved — Manager Audit di KPMG · Audit Manager at KPMG Indonesia p.21
unresolved person Rangkap · Komisaris Independen p.21
unresolved — Concurrent Position · Independent Commissioner at PT King Tire Indonesia Tbk and CEO at PT Sentra Solusi Sejahtera (Trusvation). p.21
unresolved org PT United Kingland Hubungan Afiliasi Has p.21
unresolved org PT United Kingland. Concurrent Position p.21
unresolved org PT United Kinglandt p.22
unresolved org PT Grand Multi Chemicalt p.22
unresolved org PT Grand Multi Chemical p.22
unresolved org PT Kemakmuran Perkasa p.23 ×2
unresolved org PT United Kingland Dasar Hukum Pengangkatan p.23
unresolved org PT Kingland Investindo Nusantara p.24 ×5
unresolved org PT KING TIRE INDONESIA Komposisi Pemegang Saham p.24
unresolved org PT UNITED KINGLAND President Commissioner Hardi Muliawan p.24
unresolved person Hardi Muliawan · Komisaris p.24 ×2
unresolved — Nama Akuntan Publik p.25
unresolved org PT Sumber Global Energy Generali Tower p.25
unresolved person KRONOLOGI PENCATATAN SAHAM Morhan Tirtonadi p.25
unresolved org Gran Rubina Business Park Morhan & Rekan p.25
unresolved org Morhan & Rekan p.25
unresolved person KH. Zainul Arifin p.25
unresolved org Kantor Notaris Christina Dwi Utami p.25
unresolved — twenty-one million one hundred eighty thousand) p.25
unresolved org PT Kustodian Sentral Efek Rukan Kirana Boutique Office p.25
unresolved — seventy-eight million twenty thousand) shares, representing 100.00% p.25
unresolved org PT Adimitra Jasa Korpora p.25
unresolved org (one hundred percent) of the issued and fully paid-up capital after this IPO. p.25
unresolved org Kementerian Perindustrian Republik Indonesia p.26 ×2
unresolved org Ministry of Industry p.26 ×2
unresolved person Meetings · Komisaris p.37
unresolved person Committees · Komisaris p.38
unresolved person Bertugas · Direktur Utama p.39 ×4
unresolved — 2022, dan ketentuan peraturan perundangan-undangan · Association, Deed No. 143 dated December 14, 2022, and the provisions p.39
unresolved person Prosedur Nominasi · Komisaris p.40
unresolved person Danny Besaran Remunerasi p.41
unresolved org PT King Tire Audit Committee p.41
unresolved org PT Rental Crane Indonesia p.41 ×4
unresolved org PT King Tire p.41
unresolved — Lindah · Audit Committee Member p.41
unresolved person Committee · Member p.41
unresolved person Committee Charter · Komisaris p.42
unresolved org Financial Services Authority p.42
unresolved org PT King p.43 ×2
unresolved org Tire Indonesia Tbk. p.43 ×3
unresolved person Danny Setiawan’s · Komisaris Independen p.43 ×5
unresolved person Hardi Setiawan’s p.43 ×2
unresolved — memastikan pelaksanaan tugas Komite Nominasi p.45
unresolved — kepentingan, intervensi, serta pengaruh pihak-pihak tertentu p.45
unresolved — dapat memengaruhi fungsi nominasi dan remunerasi di p.45
unresolved — menegaskan pentingnya independensi Komite Nominasi p.45
unresolved — tentang Komite Nominasi dan Remunerasi p.45
unresolved — fungsi nominasi dan remunerasi di Perseroan dapat p.45
unresolved — Peningkatan Kompetensi Komite Nominasi p.45

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