20260610_ISSP_Ringkasan Risalah//Risalah RUPS_32099469_lamp2.pdf

   6. Approval to guarantee more than 1/2 or the entire wealth of the Company in the context of
      credit facilities that the Company will obtain from Banks and/or Financial Institutions,
      including for the issuance of Bonds and/or Sukuk in the Capital Market
   7. Amendment to Article 3 of the Company’s Articles of Association in order to align with
      the 2025 Indonesian Standard Industrial Classification (KBLI)
    (Hereinafter referred to as the Meeting)
For the benefit of the Company, a deed of Minutes of the Annual General Meeting of Shareholders
of the Company, dated 08 June 2026, numbered 83


The Attendance of the Members of the Board of Directors and Board of Commissioners:
Members of the Board of Directors present at the Meeting:
President Director                              : Mr. IBNU SUSANTO
Vice President Director                         : Mr. TEDJA SUKMANA HUDIANTO
Director                                        : Mr. THE, HANNY PURNOMO
Director                                        : Mr. NICO GUNAWAN
Board of Commissioners:
President Commissioner
(Independent Commissioner)                      : Mr. MAKMUR WIDJAJA
Independent Commissioner                        : Mr. BING HARTONO PURNOMOSIDI

Chairman of Meeting:
The meeting was chaired by Mr. MAKMUR WIDJAJA, as the President Commissioner
(Independent Commissioner) of the Company.


Shareholders Attendance:
  - The meeting was attended by the shareholders and their proxies representing 5,717,270,697
     shares or 81.08% of 7,051,475,435 shares which are all shares with valid voting rights that
     have been issued by the Company (after deducting the number of shares issued) repurchased
     by the Company).


Submission of Questions and/or Opinions:
  - Shareholders and their proxies are given the opportunity to ask questions and/or opinions for
    each agenda item of the Meeting, but no shareholders and their proxies ask questions and/or
    opinions.

Decision Making Mechanism
   - Decision-making on all agenda items is conducted based on deliberation to reach
       consensus. In the event that consensus cannot be reached, decisions are made by voting.

Voting Results:

- The first agenda:
    -Number of blank votes (abstained)    : 6,739,554 votes.
    -Number of disapproving votes         : -- votes.
    -Number of approve votes              : 5,710,531,143 votes.
    -The total of approve votes           : 5,717,270,697 votes, or 100%, or more than 1/2
                                            part of the total number of votes legally cast in the
                                            Meeting.

 - Second agenda item:
    -Number of blank votes (abstained)     :   2,000 votes
    -Number of disapproving votes          :   -- votes
    -Number of approve votes               :   5,717,268,697 votes.
    -So that the total of approve votes    :   5,717,270,697 votes, or 100%, or more than
                                               1/2 part of the total number of votes legally
                                               cast in the Meeting.

 - Third agenda item:
    -Number of blank votes (abstained)     :   159,243,100 votes.
    -Number of disapproving votes          :   4,880,783 votes.
    -Number of approve votes               :   5,553,146,814 votes.
    -So that the total of approve votes    :   5,712,389,914 votes, or 99.91%, or more than
                                               1/2 part of the total number of votes legally
                                               cast in the Meeting.

 - Fourth agenda item:
    -Number of blank votes (abstained)     :   159,243,100 votes.
    -Number of disapproving votes          :   4,880,783 votes.
    -Number of approve votes               :   5,553,146,814 votes.
    -So that the total of approve votes    :   5,712,389,914 votes, or 99,91%, or more than
                                               1/2 part of the total number of votes legally
                                               cast in the Meeting.

 - Fifth agenda item:
    -Number of blank votes (abstained)     :   177,000 votes.
    -Number of disapproving votes          :   - votes.
    -Number of approve votes               :   5,717,093,697 votes.
    -So that the total of approve votes    :   5,717,270,697 votes, or 100%, or more than
                                               1/2 part of the total number of votes legally
                                               cast in the Meeting..

 - Sixth agenda item:
    -Number of blank votes (abstained)     :   279,600 votes.
    -Number of disapproving votes          :   37,972,862 votes.
    -Number of approve votes               :   5,679,018,235 votes

    -So that the total of approve votes       :   5,679,297,835 votes, or 99,34%, or more than
                                                  3/4 part of the total number of votes legally
                                                  cast in the Meeting

 - Seventh agenda item:
    -Number of blank votes (abstained)        :   279,600 votes.
    -Number of disapproving votes             :   -- votes.
    -Number of approve votes                  :   5,716,991,097 votes
    -So that the total of approve votes       :   5,717,270,697 votes, or 100%, or more than
                                                  2/3 part of the total number of votes legally
                                                  cast in the Meeting

Meeting Resolutions:

First agenda decision:
  - Approved and ratified the Company's Annual Report for the 2025 financial year including
       the Company's Activity Report, the Supervisory Report of the Board of Commissioners and
       the 2025 Financial Report, as well as providing full settlement and discharge of
       responsibilities (acquit et de charge) to the Board of Directors and the Board of
       Commissioners of the Company for the management and supervisory actions they carried
       out in the 2025 financial year as long as these actions are reflected in the Annual Report.


Second agenda decision:
   a. Approving the use of the Company's net profit for the fiscal year 2025, as follows:
      i. Amounting to Rp20.00 (twenty rupiah) per share, to be distributed as cash dividends to
           the Company's shareholders, in compliance with the schedule applicable tax
           regulations;
      ii. Amounting to Rp10,000,000,000.00 (ten billion rupiahs) to be set aside and recorded
           as a reserve fund;
      iii. The remainder to be retained and recorded as retained earnings, to increase the
           Company's working capital.
   b. Granting power and authority to the Company's Board of Directors to undertake any and
      all necessary actions related to the above decisions, in accordance with applicable laws and
      regulations.

Third agenda decision:
 - Granted authority and power to the Board of Commissioners of the Company, to appoint a
      Public Accountant and/or Public Accountant Firm, with independent criteria and registered
      with the Financial Services Authority, which will audit the Company's financial statements
      for the financial year 2026, because it is being considered and evaluated for appointment
      Further Public Accountants and/or Public Accounting Firms, as well as to determine the
      honorarium of the said Public Accountants and/or Public Accounting Firms, and to
      determine the conditions relating to the appointment and dismissal of the said Public

      Accountants and/or Public Accounting Firms, as well as the appointment of a replacement
      Public Accountant and/or Public Accountant Firm in the event that there is a replacement of
      the Public Accountant and/or Public Accountant Firm concerned.

Fourth agenda decision:
 a. Determining the remuneration along with other facilities and allowances for members of the
     Company's Board of Commissioners as a whole for the fiscal year 2026, with a maximum
     amount equal to that of the fiscal year 2025, or if there is an increase, the increase shall not
     exceed 10% (ten percent) of the fiscal year 2025, and granting authority to the President
     Commissioner to determine the allocation;
 b. Granting authority to the Company's Board of Commissioners to determine the remuneration
     along with other facilities and allowances for members of the Company's Board of Directors.


Fifth agenda decision:
    - Received reports on the realization of the use of proceeds from the Sustainability Linked-
        Bond I Spindo 2024

Sixth agenda decision:
    - Approving to pledge the Company's assets, amounting to more than 1/2 or the entirety of
       the Company's assets, as collateral for loan facilities that the Company will obtain from
       Banks and/or other Financial Institutions, including for the issuance of Bonds and/or Sukuk
       in the Capital Market.

Seventh agenda decision:
   a. To approve and amend Article 3 of the Company's Articles of Association regarding the
       Company's Purposes, Objectives, and Business Activities in order to align with the 2025
       Indonesian Standard Industrial Classification (Klasifikasi Baku Lapangan Usaha Indonesia
       – KBLI 2025), including any amendments, updates, or other wording as may be required
       by the competent authorities, provided that such amendments do not constitute a change in
       business activities as regulated under OJK Regulation No. 17/POJK.04/2020 concerning
       Material Transactions and Changes in Business Activities, as presented at the Meeting.
   b. To grant authority and power to the Board of Directors of the Company and/or Mr. IBNU
       SUSANTO, acting jointly or individually, with the right of substitution, to undertake any
       and all actions necessary in connection with the aforementioned resolution, including but
       not limited to declaring and/or recording such resolution in deeds executed before a Notary,
       amending, adjusting, and/or restating the provisions of Article 3 of the Company's Articles
       of Association in accordance with the 2025 Indonesian Standard Industrial Classification
       (KBLI 2025), including any amendments or updates thereto (if any), or other wording as
       may be determined by the competent authorities, as required by and in compliance with
       the prevailing laws and regulations; furthermore, to submit applications for approval of this
       Meeting resolution and/or the amendment to the Company's Articles of Association as
       resolved in this Meeting to the relevant competent authorities, provided that the execution

of the relevant deeds and the application for approval of the amendment to Article 3 of the
Company's Articles of Association shall be carried out when, or immediately after, KBLI
2025 has been implemented in the database of the competent authorities for the purpose of
processing such approval application, and to perform any and all other actions necessary
in accordance with the prevailing laws and regulations.

                                  Surabaya, 8 June 2026
                       PT Steel Pipe Industry of Indonesia Tbk
                               The Board of Directors