20241113_MBMA_Pemanggilan RUPS_31767467_lamp1.pdf

         changes in the use of funds obtained from the Company's initial public offering related to the plan to use
         funds from the Company's initial public offering that has not been realized, namely the Company's
         plan to make a capital deposit to MIN which will then be used for capital deposits and provide
         loans to SIP, each amounting to 50%, which will be used by SIP to finance part of the capital
         expenditure needs arising from the construction of HPAL 1a at IKIP as disclosed in the Company's
         2023 initial public offering prospectus issued on 12 April 2023.

         The Company intends to change the Company's initial public offering plan based on the reasons and
         considerations that the construction of HPAL 1a at IKIP will be built by the Company together with Ningbo
         Brunp Contemporary Amperex Co., Ltd. (as disclosed in the Prospectus where the Company has signed
         a Term Sheet on 16 March 2023 with Ningbo Brunp Contemporary Amperex Co., Ltd, an affiliate of
         Contemporary Amperex Technology Co., Limited) is still in the process of completing the feasibility study.
         After the completion of the process, engineering and construction work can begin. With this development,
         the Company views that the financing needed for the construction of HPAL 1a can be carried out in stages,
         so that there is sufficient time to obtain funding from financial institutions and not use funds from the
         Company's initial public offering.

         Taking the above into consideration and in order to increase the efficiency of cash funds that have been
         specifically allocated by the Company for the construction of HPAL 1a, the Company plans to change the
         plan to use the funds from the Initial Public Offering to be used for capital expenditure for the construction
         of the HPAL factory which will require immediate financing.

    4.   Approval of changes to the composition of the Board of Directors of the Company.

         Explanation:
         This EGMS agenda is held in order to fulfill the provisions of Article 17 paragraphs (2) and (9) of the
         Company's Articles of Association, Article 3 paragraph (1) in conjunction with Article 8 POJK No.
         33/POJK.04/2014 concerning the Board of Directors and Board of Commissioners of Issuers or Public
         Companies, Article 94 paragraph (1) of Law No. 40 of 2007 concerning Limited Liability Companies as
         amended from time to time which stipulates that members of the Board of Directors are appointed by the
         general meeting of shareholders of the Company.

Note:

    1.   Announcement of the EGMS has been announced by the Company on 30 October 2024.

    2.   The Company will not send a separate invitation to each of the shareholders of the Company, thus this
         invitation is an official invitation for the shareholders of the Company.

    3.   Shareholders who are entitled to attend the EGMS are the shareholders of the Company whose names
         are registered in the Register of Shareholders of the Company and/or the owners of the shares of the
         Company in the securities sub-account at PT Kustodian Sentral Efek Indonesia ("KSEI") on the closing
         day of share trading on the Exchange Indonesian Securities on 13 November 2024.

    4.   Materials related to the EGMS are available and can be accessed via the website of the Company at
         www.merdekabattery.com and eASY.KSEI on the link easy.ksei.co.id, from the date of the invitation until
         the date of the EGMS. Copies of physical documents can be provided to the shareholders of the Company
         upon written request to the Corporate Secretary.

5.   Power of Attorney

     (a) The Company prepares 2 (two) types of power of attorney for individual shareholders, namely (i)
         Electronic Power of Attorney (e-Proxy) which can be accessed electronically on the eASY.KSEI
         platform via www.ksei.co.id and (ii) Conventional Power of Attorney.

         (i)      e-Proxy via eASY.KSEI – a power of attorney system provided by KSEI to facilitate and
                  integrate power of attorney from scripless shareholders whose shares are in KSEI's
                  collective custody to their proxies electronically. The power of attorney available at
                  eASY.KSEI is an independent party appointed by the Company. Information regarding the
                  independent proxy appointed by the Company can be obtained via the eASY.KSEI platform
                  via www.ksei.co.id. The e-Proxy will be subject to the procedures, terms and conditions as
                  set out by KSEI. In accordance with the provisions of POJK No. 15/POJK.04/2020
                  concerning Plans for Holding General Meetings of Shareholders of Public Companies, the
                  granting of power must be done no later than 1 (one) working day before the EGMS is held.

         (ii)     Conventional Power of Attorney – form which covers voting. A Power of Attorney that has
                  been completed and signed by the shareholder along with supporting documents must be
                  submitted to the Company no later than 29 November 2024 at 3 p.m WIB via e-mail to
                  corsec@merdekabattery.com or delivered directly to PT Datindo Entrycom, the Share
                  Registrar appointed by the Company whose address is at Jl. Hayam Wuruk No. 28, Jakarta
                  10210, Indonesia.

          The power of attorney form and information regarding the independent proxy appointed by the
          Company can be obtained via:

          (i)      the Company's website at www.merdekabattery.com; or
          (ii)     by contacting the Corporate Secretary via e-mail corsec@merdekabattery.com; or
          (iii)    at PT Datindo Entrycom, the Share Registrar of the Company at the address Jl. Hayam
                   Wuruk No. 28, Jakarta 10210, Indonesia.

     (b) Only a validated Power of Attorney as provided by the shareholders of the Company are entitled to
         attend with a Power of Attorney at the EGMS and will be counted as a quorum for decision making.

6.   In order to facilitate the arrangement and orderliness of the EGMS, shareholders or their legal proxies are
     kindly requested to attend at the eASY.KSEI accordance to the EGMS schedule.




                                    Jakarta, 14 November 2024
                              PT MERDEKA BATTERY MATERIALS TBK
                                        Board of Directors