20240628_SWID_Ringkasan Risalah//Risalah RUPS_31676812_lamp2.pdf

                               Directors Report, the Company's Board of Commissioners
                               Supervisory Report for the 2023 financial year, and Ratification of
                               the Company's and Subsidiaries Consolidated Financial
                               Statements which have been audited by a Public Accounting Firm
                               Paul Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partners as
                               referred to in their Report Number 00505/2.1133/AU.1/05/0345-
                               3/1/III/2024 dated March 24th, 2024, on the financial statements for
                               the 2022 Fiscal Year with the opinion, "Reasonably, in all material
                               respects, the financial position of PT Saraswanti Indoland
                               Development Tbk as of December 31st, 2023, as well as its
                               financial performance and cash flows are in accordance with
                               Indonesian Financial Accounting Standards."
                            2. At the same time providing full release and adventure of
                                responsibility (acquit et de charge) to the Board of Directors and
                                the Board of Commissioners for the management and supervision
                                of the Company that has been carried out during the 2023 Fiscal
                                Year, as long as it is not a crime or violation of applicable laws and
                                legal procedures and is recorded in the company's financial
                                statements and does not conflict with laws and regulations.


2nd Agenda              Approval for the use of Current Year Company's Net Profit according to
                        Company's Financial Statements as of December 31st, 2023.
Questions/Suggestions   -
Voting                           Agree                      Disagree                 Abstain
                          5,045,263,400 shares                 -                        -
Decision                     1. Determine the distribution of dividends in the amount of
                                 IDR5.888.960.697,- (Five Billion Eight Hundred Eighty Eight
                                 Million Nine Hundred Sixty Thousand Six Hundred and Ninety
                                 Seven Rupiah) which will be distributed in the form of cash
                                 dividends, whose names are recorded in the Register of Company
                                 Shareholders on July 8th, 2024 at 16.00 West Indonesia Time
                                 (“Recording Date”), taking into account Indonesia Stock Exchange
                                 regulations for trading shares on the Indonesia Stock Exchange,
                                 provided that for the Company's shares that are in collective
                                 custody, the following conditions apply:
                                      • Cum Dividend in the Regular and Negotiation Market on
                                          July 4th, 2024
                                      • Ex Cash Dividend at the Regular and Negotiation Market
                                          on July 5th, 2024
                                      • Cum Dividend in Cash Market on July 8th, 2024
                                      • Ex Cash Dividend at the Cash Market on July 9th, 2024
                                  Payment of cash dividends to eligible shareholders will be made
                                  no later than July 26th, 2024.
                             2. Determine the Company's reserve funds to fulfill the requirements
                                 of Article 70 paragraph (1) of the Company Law in the amount of
                                 IDR6,300,000,000,- (Six Billion Three Hundred Million Rupiah);
                             3. Determine the remaining net profit for the year for the financial
                                 year ending December 31st, 2023 is recorded as retained earnings
                                 by the Company or retained earnings.
                             4. Give power to the Board of Directors of the Company to carry out
                                 everything related to the dividend distribution mentioned above by
                                 the prevailing laws and regulations.

3rd Agenda              Submission of Realized Use of Fund from the Public Report Offering for
                        December, 2023 period.
Questions/Suggestions   -
Voting                           Agree                  Disagree                  Abstain
                          5,045,263,400 shares              -                        -
Decision                     1. Received and approved the submission of realization of the use of
                                 proceeds report from the public offering for the December 2023
                                 period.


4th Agenda              Approval for the delegation of Company's Board of Commissioners
                        authority to appoint a Public Accounting Firm registered with the OJK in
                        order to conduct examinations and audits of the historical financial
                        statements for the financial year ending on December 31st, 2024, and the
                        delegation of authority to Company's Directors to determine the amount of
                        honorarium and other terms of appointment.
Questions/Suggestions   -
Voting                           Agree                    Disagree                 Abstain
                          5,045,263,400 shares                -                        -
Decision                     1. Appoint a Public Accounting Firm registered on the Financial
                                 Services Authority that will audit the Company's books for the
                                 2024 financial year and;
                             2. Determine the criteria for the Public Accountant Office to audit the
                                 Company's financial statements for the 2024 financial year in
                                 accordance with applicable regulations, and authorize the
                                 Company's Directors to determine the honorarium and other
                                 requirements for the Public Accountant Office.


5th Agenda              Approval for granting authority to the Company's Board of Commissioners
                        to determine the amount of salary, allowances and other facilities for
                        members of Company's Board of Directors and Board of Commissioners.
Questions/Suggestions   -
Voting                           Agree                   Disagree                  Abstain
                          5,045,263,400 shares               -                        -
Decision                     1. Approved the delegation of authority to the Company's Board of
                                 Commissioners to determine salaries and other benefits, the
                                 amount which is determined by the General Meeting of
                                 Shareholders.
                             2. Approved the granting of authority to the President Commissioner
                                 to determine the salary or honorarium and other benefits for
                                 members of the Board of Commissioners by taking into account
                                 the proposal and recommendations from the Nomination and
                                 Remuneration Committee to be subsequently determined by the
                                 Board of Commissioners.


6th Agenda              Approval for Amendments to the Company's Articles of Association.
Questions/Suggestions   -
Voting                           Agree                   Disagree                  Abstain
                          5,045,263,400 shares               -                         -
Decision                     1. Approve and ratify the resignation of Mrs. Ratri Paramita from her
                                 position as Marketing Director, effective from the closing date of

                                this Meeting and grant release and settlement (acquit et decharge)
                                for the management and/or supervision actions she has carried out
                                throughout 2023 until the closing date This meeting, as long as the
                                actions are reflected in the Company's financial reports.
                             2. Approved changes to the composition of the Board of Directors as
                                of the closing date of this Meeting to become as follows:
                                Board of Directors
                                President Director              : Mr. Bogat Agus Riyono
                                Director                         : Mrs. Gentina Ratna Octanti
                                Director                         : Mr. Yohanes Indro Laksono
                                Director & Corporate Secretary: Mr. Agung Cucun Setiawan
                             3. Grant power and authority to the Company's Board of Directors to
                                take all necessary actions in connection with changes to the
                                composition of the Board of Directors, without exception in
                                accordance with applicable laws and regulations.


Procedure for Cash Dividends Distribution

   1. Cash dividends will be distributed to the Shareholders whose names are recorded in the Company’s
      Register of Shareholders on July 8th, 2024, until 16:00PM Western Indonesia Time (“Record Date”).
   2. For a Shareholder whose shares are placed in the collective custody of PT Kustodian Sentral Efek
      Indonesia (“KSEI”), the cash dividends will be distributed by KSEI no later than July 26th, 2024
      through the Securities Company and/or the Custodian Bank with which the Shareholder opened a
      securities account. A confirmation of the proceeds from cash dividends distribution will be provided
      by KSEI to the Securities Company and/or the Custodian Bank with which the Shareholder has opened
      a securities account. Furthermore, the Shareholder will obtain information regarding the cash
      dividends’ distribution from the Securities Company and/or the Custodian Bank with which the
      Shareholder has opened a securities account.
   3. The cash dividends to be paid to a Shareholder with status as a Domestic Taxpayer (“Wajib Pajak
      Dalam Negeri, or WPDN”) will not be subject to Income Tax withholding, whereas the cash dividends
      to be paid to a Shareholder with status of Foreign Taxpayer (“Wajib Pajak Luar Negeri, or WPLN”)
      will subject to Income Tax withholding in accordance with the applicable tax provisions as of the
      Record Date. The Income Tax obligation arising in connection with the dividends received by the
      Shareholder with status of WPDN constitutes the responsibility of the relevant Shareholder and must
      be fulfilled by the relevant Shareholder with status of WPDN on their own.
   4. A Shareholder with WPDN status in the form of legal entity, that has not provided the Taxpayer
      Identification Number (“Nomor Pokok Wajib Pajak, or NPWP”) to the Securities Company and/or the
      Custodian Bank with which the Shareholder has opened a securities account, such Shareholder is
      required to provide the NPWP to KSEI through the Securities Company and/or the Custodian Bank
      with which the Shareholder has opened a securities account, no later than July 8th, 2024, at 16:00 PM
      Western Indonesia Time.
   5. A Shareholder with WPLN status from a country with which the Republic of Indonesia has entered
      into a Double Taxation Agreement (“DTA”) or Tax Treaty, may take advantage of withholding tax with
      a lower rate (according to DTA), being less than the normal rate of Income Tax withholding (“PPh, or
      Income Tax”) of 20% provided that such Shareholder meets the requirements stipulated in Regulation
      of the Directorate General of Taxes No. PER-25/PJ/2018 dated 21 November 2018 concerning the
      Procedure for Implementing of DTAs, namely by submitting a Certificate of Domicile (“CoD”) of
      WPLN in the form of the original DGT form, which has been filled out correctly, completely, clearly,
      signed, and certified by the competent officer in the country of the counterparty (if there is no

    validation, such document may be substituted with the original Certificate of Residence (“CoR”) in
    English language to KSEI in accordance with the provisions stipulated by KSEI). However, if during
    the year 2022, WPLN has conducted a transaction and has provided the original DGT form
    accompanied by the CoR to a Taxpayer in Indonesia, the CoD in the form of the DGT Form may be
    substituted with a softcopy of the CoD Receipt that has been registered on the e-CoD official website.
    If the said document has not been submitted by the time limit determined by KSEI, then the payment
    of cash dividends to a Shareholder with WPLN status will be subject to Income Tax withholding under
    Article 26 at the maximum rate imposed of 20%.
6. According to the provisions of the current tax regulations, the dividends received by Domestic
    Individual Taxpayer (“Wajib Pajak Orang Pribadi Dalam Negeri, or WPODN”) are no longer deducted
    from Income Tax and are excluded as tax objects, as long as the dividends are invested in Indonesia
    within a certain period of the time, and there is an obligation to submit an investment realization report.
    Furthermore, if the WPOPDN does not meet the investment requirements, then the dividends received
    by the WPOPDN is payable with income tax when the dividends is received/earned and must be paid
    by the WPOPDN itself; as regulated in Government Regulation No. 9 of 2021 (“PP9”) and Minister
    of Finance Regulation No. 18 of 2021 (“PMK18”).
7. The Income Tax withholding is carried out in accordance with the applicable tax regulations on the
    Record Date. If a new tax regulation is issued after the Income Tax withholding is made but applies
    retroactively to the Record Date, and resulting overwithholding of Income Tax, then the settlement of
    the refund of the overwithheld tax is carried out through a tax refund mechanism that should not be
    payable in accordance with the applicable tax provisions (as of the date of this announcement is
    published, namely Regulation of the Minister of Finance No. 187/PMK.03/2015) which is carried out
    by each Shareholder affected by the regulation.
8. For a Shareholder whose shares are placed in the collective custody of KSEI, the proof of withholding
    tax for cash dividends can be collected at the Securities Company and/or the Custodian Bank with
    which the Shareholder has opened a securities account. For any holder of shares with physical
    certificates, the proof of withholding tax for cash dividends can be collected at the Company’s
    Securities Administration Bureau, namely PT BIMA REGISTRA, Satrio Tower, 9th floor Zone AA,
    Jalan Prof. Dr. Satrio Block C4, Kav. 6-7, Kuningan Setiabudi, South Jakarta – 12950, Indonesia,
    Telp.:(+6221) 25984818.
9. The Securities Company and/or the Custodian Bank that retains the electronic records of the
    Company’s shares that are placed in the collective custody of KSEI are kindly requested to provide
    the Shareholders’ data and any documents showing their tax status to KSEI within the period
    determined by the provisions of KSEI.
10. In the event of any tax issues hereafter arising or any claims in relation to the cash dividends already
    paid out to and received by the Shareholders whose shares are placed in the collective custody of
    KSEI, other than the circumstances described above, the relevant Shareholders are kindly requested
    to settle the issues or claims with the Securities Company and/or the Custodian Bank with which the
    Shareholders have opened a securities account in accordance with applicable tax provisions.




                                     Sleman, June 28th, 2024
                             PT Saraswanti Indoland Development Tbk
                                       Board of Directors