20240604_FWCT_Ringkasan Risalah//Risalah RUPS_31646299_lamp3.pdf

                                 THE SUMMARY MINUTES OF
                         ANNUAL GENERAL MEETING OF SHAREHOLDERS
                               PT WIJAYA CAHAYA TIMBER TBK

PT Wijaya Cahaya Timber Tbk, a Limited Liability Company which has listed all its shares on the Indonesia
Stock Exchange, having domicile and headquartered in West Jakarta (hereinafter referred to as the
"Company") hereby announces to all the Company's Shareholders, that on June 03, 2024, the Company has
held an Annual General Meeting of Shareholders (hereinafter referred to as the "Meeting") electronically.

As regulated in Article 49 of Financial Services Authority Regulation no. 15/POJK.04/2020 concerning
Planning and Implementation of the General Meeting of Shareholders of Public Companies on 20 April 2020
("OJK Regulation No. 15"), the Company is required to prepare a Summary of the Minutes of the Meeting, in
accordance with the minutes of the Meeting as outlined in the Deed of Meeting Minutes PT Wijaya Cahaya
Timber Tbk Annual General Shareholders' General Meeting, Number 7 dated June 3, 2024, made by Dr. Sugih
Haryati, SH, M.Kn Notary in South Jakarta, with the following details:

Day/Date             : Monday/03 June 2024
Time                 : 14.00 p.m - 15.23 p.m Western Indonesia Time
Venue                : Puri Indah Financial Tower, Jl. Puri Lingkar Dalam, RT.01/RW.02, Kembangan Selatan,
                       Kembangan, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta - 11610
Mecanishm            : Electronic Meeting, using eASY.KSEI application
Media Conferencing   : AKSes.KSEI in Zoom Webinar format



                                         1

I.   Chairman of the Meeting
     The Meeting was chaired by Mr. Erwin Kurnia Winenda as President Commissioner (Independent) of the
     Company, in accordance with Articles of Associations of the Company and the Decree of the Board of
     Commissioners Regarding the Appointment of Meeting Leaders Number FWCT/SK.DIRKOM/0424/002
     dated April 18, 2024.

II. Attendance of members of the Board of Commissioners, Directors, and Committees under the Board
    of Commissioners
     Board of Commissioners
     President Commissioner/Independent   : Erwin Kurnia Winenda
     Commissioner                         : Selviana Rumondang

     Director
     President Director                   : Budi Tjahjadi
     Director                             : Stendy

     Audit Committee
      Chairman                            : Erwin Kurnia Winenda
      Member                              : Suwardy
      Member                              : Audrey Angelina



III. Attendance Quorum
     The Meeting was also attended by Shareholders and/or Proxy Holder representing 1,626,569,700 shares in
     the Company or equivalent to 86.75% of the total number 1,875,000,000 (one billion eight hundred
     seventy-five million thousand) shares issued by the Company.
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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.
   Until the end of the Meeting there were no questions and/or responses from the Shareholders or their
   Proxies.

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 by electronic
     voting (e-Voting)
   - e-Voting can be done through the eASY.KSEI system or a system which owned by the appointed
     Securities Administration Bureau, where the e-Voting guideline and/or video guidance has been uploaded
     by the Company to the Company's website since the date of the Meeting’s Invitation;
   - 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 e-Voting is carried out after the presentation of all agenda items of the Meeting;
   - For all agenda that require the Meeting’s approval, resolutions will be adopted provided if it is approved
     by more than 1/2 (one-half) of the total votes validly casted in the Meeting.


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VI. Appointed Independent Parties and/or Capital Market Supporting Professionals
   1) Ms. Dr. Sugih Haryati, S.H., M.Kn. As a Public Notary;
   2) Ms. Evanthe Rachelia as as a representative PT Adimitra Jasa Korpora as the Securities Administration
      Bureau of the Company
   3) Mr. Tjun Tjun as Public Accountant from the Accounting Public Firm Amir Abadi Jusuf, Aryanto, Mawar &
      Rekan.

VII. Meeting’s Agenda and Votings Results
    First Agenda             :    Approval of the Annual Report of the Company including the Board of Commissioners’Supervisory Statement of the
                                  Company for the Financial Year Ended on 31 December 2023
                        Agree                                           Not Approve                                            Abstain
             1,626,569,700 shares (100%)                              0 shares (0.00%)                                     0 shares (0.00%)
    Total Agree Votes        :    1,626,569,700 shares (100%)
    Resolutions              :     (a) Approve the Annual Report of the Company for the financial year ended 31 December 2023 including the
                                       Supervisory Duties Report of the Board of Commissioners, as well as ratifie the Financial Statements of the
                                       Company for the financial year ended 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 28 March 2024, with opinion that “the
                                       financial statements present fairly in all material respects”; and
                                   (b) Granting release and discharge (“volledig acquit et decharge”) to the members of BOC and Board of Directors
                                       (“BOD”) 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




                                                          4

Second Agenda            :    Allocation of the Company’s net profit for the Financial Year Ended on 31 December 2023
                    Agree                                             Not Approve                                            Abstain
         1,626,569,700 shares (100%)                               0 shares (0.00%)                                     0 shares (0.00%)
Total Agree Votes        :    1,626,569,700 shares (100%)
Resolutions              :    Approve and determine a fund of IDR 50,000,000 (fifty million rupiahs) to be allocated as Reserved Funds and stipulates
                              that there will be a Final Dividend Distribution by Rp7 per share which will be carried out no later than 30 days after the
                              announcement of the summary of the minutes of the Meeting.
Total questions/         :    None
opinions



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
         1,626,569,700 shares (100%)                              0 shares (0.00%)                                    0 shares (0.00%)
Total Agree Votes        :    1,626,569,700 shares (100%)
Resolutions              :     (a) Granting power and authority to the Board of Commissioners of the Company to appoint Public Accounting Firm
                                   and/or Public Accountant, based on Audit Committee recommendation, to audit Company’s Financial Statements
                                   for the period in the 2024 Fiscal Year, as well as the appointment of the substitute Public Accounting Firm and/or
                                   Public Accountant in case, due to whatever reasons, the Public Accounting Firm and/or Public Accountant fails in
                                   accomplishing the audit of the Consolidated Financial Statements of the Company.
                               (b) Conferring power to the Board of Commissioners (with substation rights to the Board of Directors via Board of
                                   Commissioners resolution) to determine the amount of professional fees, signing any documents and other
                                   requirements for the execution of Public Accounting Firm and/or Public Accountant appointment.
Total questions/         :    None
opinions



                                                           5

Fourth Agenda           :     Determination of Remuneration for the Board of Commissioners and Board of Directors of the Company for the
                              Year of 2024
                    Agree                                            Not Approve                                    Abstain
       1,626,568,700 shares (99,9999%)                             0 shares (0.00%)                          1000 shares (0.0001%)
Total Agree Votes        :    1,626,569,700 shares (100%)
Resolutions              :     (a) Granting power and authority to the Company's Board of Commissioners to determine the amount of
                                   honorarium/salary, allowances, bonuses, incentives and/or 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 December 31, 2024.
                               (b) Granted power and authority to the Meeting to determine the amount of honorarium/salary, allowances, and
                                   other remuneration for members of the Board of Commissioners in accordance with the structure and amount of
                                   remuneration based on the Company's remuneration policy in the amount of Rp955,714,512 for the financial year
                                   ending December 31, 2024.
Total questions/         :    None
opinions



Fifth Agenda            :    Report on The Realization Use of Funds From The Initial Public Offering
                               The agenda is a Report and/or Information to Shareholders, so there is no voting
Resolutions             :    Received and approved the Realization Report on the Use of Initial Public Offering Funds up to 31 December 2023
                             amounting to IDR 41,460,124,258, namely IDR 5,717,555,129 has been used for Capital Expenditures and IDR
                             35,742,569,129 has been used for Working Capital and/or that Funds The proceeds from the Initial Public Offering have
                             been used according to their intended purpose.
Total questions/        :    None
opinions




                                                      6

Thus, this Minutes of Meeting was prepared in accordance with the provisions of Article 49 paragraph (1)
and Article 51 paragraph (1) and paragraph (2) of the Financial Services Authority (OJK) Regulation No.
15/POJK.04/2020 regarding the Plan and Implementation of the General Meeting of Shareholders of a
Public Companies.


                                         Jakarta, 4 June 2024
                                  Board of Directors of the Company




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THANK YOU