20240527_BEEF_Pemanggilan RUPS_31642735_lamp2.pdf

      Explanation:
      The appointment of Public Accountant from a Public Accountant Firm is proposed to be authorized
      to the Board of Commissioners, taking into account the recommendations of the Audit Committee
      and applicable laws and regulations.

3.    Determination of the honorarium and other benefits and delegation of authority to the Board of
      Commissioners of the Company to determine the honorarium and other benefits for the Board of
      Directors and Board of Commissioners of the Company respectively for the financial year 2024.

      Explanation:
      The Company proposes to delegate authority to the Board of Commissioners to determine the
      salaries, honorariums and other benefits for members of the Board of Directors and the Board of
      Commissioners for the financial year 2024.

The agenda that will be discussed in the EGMS is:

Independent shareholders' approval for the Company's business development through the acquisition of
99% (ninety nine percent) of the issued shares of PT Fajar Jaya Anugerah, PT Sinar Wijaya Utama and PT
Sukses International Anugerah Pratama. (each referred to as a “Target Company”), which is a Material
Transaction and Affiliated Transaction as referred to in the Financial Services Authority Regulation No.
17/POJK.04/2020 on Material Transactions and Change in Business Activity (“POJK No. 17/2020”) and
the Financial Services Authority Regulation No. 42/POJK.04/2020 on Affiliate Transactions and Conflict
of Interest Transactions (“POJK No. 42/2020”).

Explanation:
For the Company’s business development, the Company is planning to acquire 99% (ninety-nine percent)
of the shares issued by each of the Target Company from the selling shareholders, among others Hj. Diana
Dewi, SE, Aldi Imam Wibowo and Dimas Wibowo, who are the Company's ultimate beneficial owner and
the ultimate beneficial owner’s children, with a material transaction value (hereinafter referred to as the
“Proposed Transaction”).

The Proposed Transaction is a material transaction as referred to in POJK No. 17/2020 which contains an
affiliate transaction as referred to in POJK No. 42/2020, which was originally using the audited Financial
Statement as of 30 September 2023 is corrected and changed by using the audited Financial Statement as
of 31 December 2023. Therefore, based on Article 14 of POJK No. 17/2020 and Article 4 paragraph (1)
letter d number 1 of POJK No. 42/2020, the Proposed Transaction requires the approval of the Company's
independent shareholders.

This EGMS is a postponement of the Extraordinary General Meeting of Shareholders which was originally
planned to be held on March 15th, 2024, but due to some additional information that needs to be completed
by the Company, the Company changed the use of Financial Statements which originally used Financial
Statements as of September 30, 2023 to use Financial Statements as of December 31, 2023. Furthermore,
the Company will re-announce the Information Disclosure in order to comply with POJK No. 17/2020 and
POJK No. 42/2020 on the date of the EGMS Announcement, and if there is a change or additional
information on the Company's Information Disclosure, the Company will announce the change or
additional information no later than 2 (two) business days before the execution of the EGMS.


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This Correction Invitation only changes the provisions regarding the date of the Meeting. There are
no other changes in information in connection with this Meeting, so that other information remain
in accordance with the provisions in the Meeting invitation announced on May 7th, 2024.

                                      Jakarta, 27 May 2024
                                    PT Estika Tata Tiara Tbk
                                       Board of Directors




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