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Page 1
                                                            THE SUMMARY MINUTES OF
                                                    ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                                             PT LIPPO KARAWACI TBK


The Board of Directors of PT Lippo Karawaci Tbk, having domicile and headquartered in Tangerang (the “Company”), hereby announces to the Shareholders
that the Company has convened the Annual General Meeting of Shareholders (the “Meeting”), with the following summary:

        Day/ Date                 :     Monday/ 24 June 2024
        Time                      :     2:18 p.m. - 3:45 p.m Western Indonesia Time
        Venue                     :     Hotel Aryaduta Jakarta, Jl. Prajurit KKO Usman dan Harun No. 44-48, Gambir, Jakarta Pusat 10110
        Media Conferencing        :     AKSes.KSEI in Zoom webinar format

I.    Chairman of the Meeting
      The Meeting was chaired by Mr. John A. Prasetio as President Commissioner/ Commissioner Independent of the Company, in accordance with the
      Minutes of the Board of Commissioners’ Meeting on 25 June 2024.

II.   Attendance of Members of the Board of Commissioners, the Board of Directors, and Committees under the Board of Commissioners
       Board of Commissioners                                               Board of Directors
                                                            (*)
       President Commissioner       :    John A. Prasetio                    President Director    :    Ketut Budi Wijaya (*)
       (Independent)                                                         Director              :    John Riady (**)
                                                                  (*)
       Independent Commissioner     :    Anangga W Roosdiono                 Director              :    Marshal Martinus Tissadharma (**)
                                                              (*)
       Independent Commissioner     :    Dr. Kartini Sjahrir                 Director              :    Phua Meng Kuan (Daniel Phua) (**)
                                                   (**)
       Commissioner                 :    Kin Chan                            Director              :    Dominique Dion Leswara (**)
                                                        (**)
       Commissioner                 :    Anand Kumar                         Director              :    Gita Irmasari (**)

       Audit Committee                                                         Nomination and Remuneration Committee
       Chairman                     :     John A. Prasetio (*)                  Chairman              :    Anangga W Roosdiono (*)
       Member                       :     Yani Bardan (**)                      Member                :    John A. Prasetio (*)
       Member                       :     Rajiv Krishna (**)
       (*)                   (**)
           Attend Physically; Attend via media conference
Page 2
III. Attendance Quorum
     The Meeting was also attended by Shareholders and/or Proxy Holder representing 54,605,897,063 shares in the Company, constituting 77.043% of
     the total 70,877,317,769 shares issued by the Company after deducting the Company's Treasury Stock.

IV. Submission of Questions and/or Opinions related to the Meeting Agenda
    In every discussion of the Meeting’s agenda, the Company has provided an opportunity for the Shareholders or their Proxies to be able to ask questions
    and/or opinions related to the discussion of each agenda of the Meeting.

V.   Voting Mechanism
     - Resolution on each Meeting agenda was adopted by deliberation to reach a consensus. If deliberation to reach consensus is not reached, then the
       resolution in the Meeting is conducted private;
     - Voting can be carried out (a) by electronically (e-Voting) through the eASY.KSEI application or through a system owned by the appointed Securities
       Administration Bureau, where the e-Voting guide and/or video guide has been uploaded to the Company's website since the date Invitation to the
       Meeting and (b) physically/directly in the Meeting room via a voting card given to the Securities Administration Bureau;
     - Each holder of 1 (one) share is entitled to cast 1 (one) vote;
     - Shareholders or their Proxies who did not vote or cast abstain vote are considered casting the same vote as the majority of voting result;
     - Implementation of voting is carried out after the presentation of each agenda of the Meeting;
     - For agenda that require the Meeting’s approval, resolutions will be adopted provided if it is approve: for the first, second, third, fourth, fifth and
       sixth agenda of the Meeting, more than 1/2 (one-half) of the total votes validly casted in the Meeting;
     - For agenda that require the Meeting’s approval, resolutions will be adopted provided if it is approve: for the seventh agenda of the Meeting, more
       than 2/3 (two-third) of the total votes validly casted in the Meeting.

VI. Appointed Independent Parties and/or Capital Market Supporting Professionals
    1) Mrs. Novita Puspitarini, S.H. as a Public Notary;
    2) PT Sharestar Indonesia as the Securities Administration Bureau (BAE); and
    3) Mr. Eishennoraz as Public Accountant from the Accounting Public Firm Amir Abadi Jusuf, Aryanto, Mawar & Rekan.
Page 3
VII. Meeting’s Agenda and Voting Results

     First Agenda            :     Approval of the Annual Report of the Company including the Board of Commissioners’ Supervisory Duties Report as
                                   well as Ratification of the Financial Statements of the Company for the Financial Year Ended on 31 December 2023.
                        Agree                                            Not Approve                                            Abstain
            54,218,125,613 shares (99.290%)                        222,500 shares (0.000%)                           387,548,950 shares (0.710%)
     Total Agree             :     54,605,674,563 shares (99.999%)
     Resolutions             :     1. Approving the Annual Report of the Company for the financial year ended on 31 December 2023 including the
                                        Supervisory Duties Report of the Board of Commissioners, as well as to ratify the Financial Statements of the
                                        Company for the financial year ended on 31 December 2023 which had been audited by the Public Accounting Firm
                                        of "Amir Abadi Jusuf, Aryanto, Mawar & Rekan” as stated in its report dated 25 March 2024, with “unqualified
                                        opinion”;
                                   2. Granting release and discharge (“volledig acquit et decharge”) to the members of BOC and Board of Directors of
                                        the Company for the management and supervision performed in the financial year 2023, provided that the
                                        management and supervision actions were reflected in the said Annual Report and Financial Statements of the
                                        Company for the financial year 2023 and they are not criminal acts or violation of the prevailing regulations.
     Total questions/        :     None
     opinions

     Second Agenda            :    Allocation of the Company’s net profit for the Financial Year Ended on 31 December 2023
                        Agree                                            Not Approve                                       Abstain
            54,242,485,863 shares (99.334%)                       15,057,900 shares (0.028%)                     348,353,300 shares (0.638%)
     Total Agree              :    54,590,839,163 shares (99.972%)
     Resolutions              :    1. Approve to allocate an amount of Rp150,000,000 (one hundred fifty million Rupiah) as reserve fund
                                   2. Approve that the remaining net income of the Company after deducted by the reserve fund as mentioned above,
                                        will be recorded as retained earnings of the Company
                                   3. Approve to not distribute dividends for the financial year ended on 31 December 2023
     Total questions/         :    1 (one) question/opinion
     opinions
Page 4
Third Agenda             :    Appointment of Public Accounting Firm and/or Public Accountant to Perform Audit on the Company for the Financial
                              Year Ended on 31 December 2024 including any other audited Financial Statements as required by the Company.
                   Agree                                            Not Approve                                        Abstain
       54,227,426,933 shares (99.307%)                      30,116,930 shares (0.055%)                       348,353,200 shares (0.638%)
Total Agree             :     54,575,780,133 shares (99.945%)
Resolutions             : 1. Grant power and authority to the Company's Board of Commissioners to appoint a Public Accountant and/or Public
                                 Accounting Firm, to provide audit services on the Company's Financial Statements for the financial year of 2024,
                                 including appointing a Public Accountant and/or other Public Accounting Firm registered with OJK if for one reason
                                 and other matters the Public Accountant and/or the Public Accounting Firm above are unable to carry out their
                                 duties, taking into account the recommendations of the Audit Committee on their duties.
                             2. Grant authority to the Board of Directors of the Company to determine the amount of professional honorarium, sign
                                 documents, and all actions related to the appointment of the Public Accountant and/or Public Accounting Firm.
Total questions/        :     None
opinions

Fourth Agenda            :    Changes and/or restatement of the composition of the members of the Board of Directors and/or the Board of
                              Commissioners of the Company
                   Agree                                             Not Approve                                             Abstain
       49,380,249,830 shares (90.430%)                      2,879,493,933 shares (5.273%)                       2,346,153,300 shares (4.297%)
Total Agree              :    51,726,403,130 shares (94.727%)
Resolutions              :    1. Approve the resignation of Mr. Ketut Budi Wijaya from his position as President Director, Mr. Dicky Setiadi Moechtar
                                  from his position as Vice President Director, Mr. John Riady from his position as Director, Mr. Phua Meng Kuan from
                                  his position as Director and Mr. John A. Prasetio from his position as President Commissioner/Independent
                                  Commissioner and provide release and discharge (volledig acquit et de charge), for management actions and
                                  supervisory actions carried out since their appointment, respectively, as member of the Board of Directors and
                                  member of the Board of Commissioners, until the end of term of office namely until the closing of this Meeting,
                                  provided that the actions are reflected in the books, records and financial statements of the Company
                              2. Approve the appointment of Mr. Marlo Budiman as President Director of the Company, to replace and continue the
                                  remainder of Mr. Ketut Budi Wijaya’s term of office effective from the closing of this Meeting
Page 5
                       3. Approve the appointment of Mr. Prof. DR. IR. Ginandjar Kartasasmita as President Commissioner/Independent
                          Commissioner of the Company, to replace and continue the remainder of Mr. John A. Prasetio’s term of office
                          starting from the closing of this Meeting
                       4. Approve the appointment of Mr. Ketut Budi Wijaya as Commissioner of the Company, effective from the closing of
                          this Meeting, with the term of office following the remaining term of office of the other members of the Board of
                          Commissioners
                       5. In relation to the above decisions, the Company intends to restate the composition of the members of the Board of
                          Directors and Board of Commissioners of the Company, for the period from the closing of the Meeting until the
                          closing of the Annual General Meeting of Shareholders to be held in 2028, without prejudice to the rights of the
                          General Meeting of Shareholders to dismiss them from time to time, shall be as follows:
                          Board of Commissioners
                           President Commissioner              :    Prof. DR. IR. Ginandjar Kartasasmita
                           (Independent)
                           Independent Commissioner            :    Anangga W. Roosdiono
                           Independent Commissioner            :    DR. Kartini Sjahrir
                           Commissioner                        :    Anand Kumar
                           Commissioner                        :    Kin Chan
                           Commissioner                        :    George Raymond Zage III
                           Commissioner                        :    Ketut Budi Wijaya
                           Board of Directors
                           President Director                  :    Marlo Budiman
                           Director                            :    Marshal Martinus Tissadharma
                           Director                            :    Surya Tatang
                           Director                            :    Dominique Dion Leswara
                           Director                            :    Gita Irmasari
                           Director                            :    David Iman Santosa
                       6. Grant the power and authority with rights of substitution to the Board of Directors and/or Corporate Secretary of
                          the Company to take any actions required in connection with the appointment of the members of Board of
                          Directors and Board of Commissioners as mentioned above, including but not limited to record or to request
                          before the Notary as well as to sign any documents for the purpose of notarizing the changes thereof, and to
                          register the aforementioned changes of into the Company Register as deemed required by the prevailing laws and
                          regulations.
Total questions/   :   None
opinions
Page 6
Fifth Agenda             :    Determination of Remuneration for the Board of Directors and/or Board of Commissioners of the Company for the
                              Year of 2024.
                   Agree                                           Not Approve                                         Abstain
       54,242,485,863 shares (99.334%)                      15,057,900 shares (0.028%)                     348,353,300 shares (0.638%)
Total Agree             :     54,590,839,163 shares (99.972%)
Resolutions             :      1. Grant the power and authority to the Board of Commissioners of the Company or the Nomination and
                                   Remuneration Committee to determine the amount of salary, tantiem, allowances and other remuneration for
                                   members of the Board of Directors in accordance with the structure and amount of remuneration based on the
                                   Company's remuneration policy for the financial year ending on 31 December 2024.
                               2. Grant the power and authority to the Nomination and Remuneration Committee to determine the amount of salary
                                   and other allowances for members of the Board of Commissioners in accordance with the structure and amount of
                                   remuneration based on the Company's remuneration policy for the financial year ending on 31 December 2024.
Total questions/        :     1 (one) question/opinion
opinions


Sixth Agenda             :    Approval on the Proposed Addition of Business Activity of the Company, including Discussion Regarding Feasibility
                              Study on the Addition of Business Activity of the Company
                   Agree                                             Not Approve                                          Abstain
       54,257,321,263 shares (99.362%)                          9,100 shares (0.000%)                          348,566,700 shares (0.638%)
Total Agree              :    54,605,887,963 shares (100%)
Resolutions              :    Approve the addition of Company’s business activity by adding KBLI namely On-Street Parking Activities and Off-Street
                              Parking Activities which will be stated in the Company’s Articles of Associations by taking into account the feasibility
                              study report from Public Appraiser Febriman, Siregar, dan Rekan as stated under the Feasibility Study Report on the
                              Addition of Business Activity of PT Lippo Karawaci Tbk No. 00410/2.0109-05/BS/03/0069/1/V/2024 dated 13 May 2024
                              dan No. 00460/2.0109-05/BS/03/0069/1/V/2024 dated 31 May 2024
Total questions/         :    1 (one) question/opinion
opinions
Page 7
      Seventh Agenda           :    Amendment and Restatement of the Articles of Associations of the Company
                         Agree                                            Not Approve                                           Abstain
             54,257,321,363 shares (99.362%)                          9,100 shares (0.000%)                           348,566,600 shares (0.638%)
      Total Agree              :    54,605,887,963 shares (100%)
      Resolutions              :     1. Approve the amendment of Article 3 paragraph (2), Article 16 paragraph (7) and (8), Article 17 paragraph (4), and
                                         Article 20 paragraph (2) of the Articles of Associations of the Company, as required and approved by the Meeting
                                         and compile and restate the entire Articles of Associations of the Company in relation with such adjustment.
                                     2. Grant authorization with substitution rights to the Board of Directors and/or the Corporate Secretary of the
                                         Company to take all actions related to the resolution of this Meeting, including but not limited to appear before
                                         the authorities, discuss, provide and/or request information, submit request for approval and/or notify any
                                         amendments to the Articles of Association of the Company to the Minister of Law and Human Rights of the Republic
                                         of Indonesia and other relevant authorities, enter into or sign any deeds and letters or other documents that are
                                         needed or deemed necessary, present before a Notary to be drawn up and sign the deed of statement of the
                                         resolutions of the Company’s Meeting and carry out other matters that must be and/or can be implemented in
                                         order to ensure the realisation/enforceability of the Meeting resolutions.
      Total questions/         :    None
      opinions


Thus, the Summary of the Minutes of this Meeting was prepared to fulfill the provisions of Article 51 and Article 52 paragraph (1) OJK Regulation No. 15/2020
and at the same time to fulfill the provisions of OJK Regulation No. 31/POJK.04/2015 concerning Disclosure of Material Information or Facts by Issuers or
Companies Public in relation with changes in members of the Board of Directors and/or members of the Board of Commissioners.

                                                                                                                                  Tangerang, 24 June 2024
                                                                                                                        Board of Directors of the Company

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Names mentioned 24 people and organisations named in the text · linked when the evidence is strong

linked org LIPPO KARAWACI TBK p.1 ×8
linked person Anangga W Roosdiono p.1 ×3
linked person Marshal Martinus Tissadharma p.1 ×2
linked person Phua Meng Kuan p.1 ×2
linked person Dominique Dion p.1 ×2
linked person Yani Bardan p.1
linked person Rajiv Krishna p.1
linked person Amir Abadi Jusuf p.2 ×2
linked person Dicky Setiadi Moechtar p.4
linked person George Raymond Zage III p.5
linked person Surya Tatang p.5
possible person John Riady p.1 ×2
possible person Dr. Kartini Sjahrir p.1 ×3
possible person Anand Kumar p.1 ×2
possible person Gita Irmasari p.1 ×2
possible person Marlo Budiman · President Director p.4 ×2
possible person Ketut Budi Wijaya’s · Commissioner p.4 ×6
possible person John A. Prasetio’s · President Commissioner p.5 ×7
unresolved person Novita Puspitarini p.2
unresolved org PT Sharestar Indonesia p.2
unresolved person Eishennoraz p.2
unresolved org Mawar & Rekan p.2 ×2
unresolved person Prof. DR. IR. Ginandjar Kartasasmita · President Commissioner p.5 ×2
unresolved org Minister of Law and Human Rights p.7

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