20240508_FWCT_Pemanggilan RUPS_31636863_lamp3.pdf

                 INVITATION
                 ANNUAL GENERAL MEETING OF SHAREHOLDERS BY ELECTRONIC MEANS
                 The Board of Directors of PT Wijaya Cahaya Timber Tbk, having domicile and headquartered in West Jakarta (the
                 “Company”), hereby invites the Shareholders of the Company to attend the Annual General Meeting of Shareholders
                 (the “Meeting”), which will be held by electronic means on:
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                                                       Day/        Monday/
                                                        Date       03 June 2024


                                                       Time        At 14.00 pm – Onwards
                                                                   Western Indonesian Time


                                                        Video      AKSes.KSEI
                                                 Conferencing      Zoom webinar format


                                                     Venue         eASY.KSEI System




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                 MEETING’S AGENDA AND EXPLANATION
                 The Company’s Board of Directors proposes the following agenda for discussion and/or approval from the
                 Shareholders of the Company
                          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.
                          Pursuant to Article 66, Article 67, Article 68, and Article 69 of the Company Law No. 40 of 2007 (the “Company Law”),
                          and Article 19 of the Company’s Articles of Association (the “Company’s AOA”), the Company will explain the main points
                          of the Annual Report and Financial Statements of the Company for the 2023 Financial Year, which including the submission
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                          Supervisory Duties Report of the Company’s Board of Commissioners (“BOC”).

                          Allocation of the Company’s Net Profit for the Financial Year Ended on 31 December 2023.
                          Pursuant to Article 71 of the Company Law and Article 19 Paragraph 2 Letter b and Article 25 of the Company’s
                          AOA, the Company's net profits for the financial year ended December 31, 2023, shall be determined for its use by the
                          Meeting.
                          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.
                          Pursuant to Article 68 of the Company Law, Article 16 of the Financial Services Authority Regulation (“Otoritas Jasa
                          Keuangan (“OJK”) Regulation) No. 09 of 2023 regarding The Services Usage of Public Accountant and Public Accountant
                          Firm in the Financial Services Activities, Article 19 paragraph 2 letter c of the Company’s AOA, as well as the
                          Recommendation from Audit Committee of the Company, whereas the appointment of a Public Accountaing Firm and/or
                          Public Accountant to audit the Annual Financial Statements of the Company should be approved by the Meeting.
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                 MEETING’S AGENDA AND EXPLANATION

                      Determination of Remuneration for the Board of Directors and/or Board of Commissioners of the Company for the
                      Year of 2024.
                      Pursuant to Article 11 paragraph 8 and Article 14 paragraph 6 the Company’s AOA, whereas members of the Board of
                      Directors and/or members of the Board of Commissioners are given a salary, facilities and other benefits, which the type and
                      its amount is determined by the GMS with due observanceof the prevailing laws and regulations.
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                      Report On The Realization Use of Funds from the Initial Public Offering.
                      Pursuant to the provisions of the Financial Services Authority Regulation Number 30/POJK.04/2015 concerning Reports on
                      the Realization of the Use of Funds from Initial Public Offerings, the Company will submit a Report on the Use of Funds that
                      have been used according to their intended use.




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                                               MEETING ARRANGEMENTS



    ATTENDANCE QUORUM AND MEETING RESOLUTION

1. The Meeting is valid and entitled to take the lawful and binding resolutions if attended by the Shareholders or their authorized
   proxies representing more than 1/2 (half) of the total shares issued by the Company with valid voting rights.

2. The Meeting’s resolutions are made based on deliberation for consensus. In terms of the deliberation for consensus fails to be reached,
   the resolutions shall be valid if it is approved by more than 1/2 (half) of the total shares with valid voting rights present or be
   represented at the Meeting.




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                                                    MEETING ARRANGEMENTS
      GENERAL PROVISIONS

1.   This Meeting Invitation is the official invitation to the Company’s Shareholders, the Company will not send a separate meeting invitation to each
     Shareholders.
2.   Shareholders who are entitled to attend or be represented in the Meeting are Shareholders whose names are registered in the Shareholders
     Register of the Company on 07 May 2024 at 4:30 p.m. Western Indonesia Time, whereas for Shareholders whose shares are in collective custody
     of Indonesian Central Securities Depository ("KSEI"), shall be based on the record of share account balance at the closing of Indonesia Stock
     Exchange trading session on 07 May 2024 (“Recording Date”).
3.   In connection with the issuance of KSEI's letter No. KSEI-4012/DIR/0521 dated 31 May 2021 regarding the Implementation of the e-Proxy
     Module and e-Voting Module on the Application of eASY.KSEI along with the General Meeting of Shareholders, KSEI has now provided e-GMS
     Platform to convene an electronic GMS. Therefore, the Company decides to hold the GMS electronically whereby Shareholders of the Company
     can attend the Meeting electronically through the Electronic General Meeting System application accessible through the following link
     https://easy.ksei.co.id/egken (eASY.KSEI) provided by KSEI.
4.   Shareholders who are unable to attend or choose to not attend the Meeting on electronically may be represented by their proxies, with the
     following terms:
       a. Granting their authority via electronic means (e-Proxy) to Independent Parties appointed by the Company to represent and vote at the
       Meeting through eASY.KSEI. The Independent Party are staffs from the Securities Administration Bureau (the "Registrar") specially appointed by
       the Company for the Meeting, namely PT Adimitra Jasa Korpora. If the power of attorney is granted by e-Proxy, legalization as stipulated in letter
       (b) as mention below is not required. Parties who can be a recipient of e-Proxy must be legally competent and not a member of the Board of
       Commissioners, Directors and employees of the Company, and follow other provisions as stipulated in POJK No. 15/2020; or




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                                               MEETING ARRANGEMENTS
 GENERAL PROVISIONS
b.   Granting authorization by filling out a Proxy Form which can be downloaded on the Company's website, with the conditions of:
     1) Granting power of attorney to an Independent Party appointed by the Company as mentioned above is highly recommended and can also
         be done through conventional way using the Proxy Form, in addition to electronically via eASY.KSEI as described in point (a) above;
     2) Any member of the BOC, BOD, and any employee of the Company may act as a proxy for the Shareholders in the Meeting, but any
         vote they cast as proxy in the Meeting will not be counted in the voting (including if such person act as the Shareholders);
     3) The Shareholders are not allowed to split their authority of some shares to more than one proxy with different vote;
     4) Proxy Form from the Shareholders executed overseas must be legalized by the local public notary and the official representative
         Embassy/Consulate Office of the Government of the Republic of Indonesia;
     5) The completed Proxy Form as well as the copy of valid ID or proof of valid personal identity document of the authorizer/grantor must be
         submitted to the Company, at the latest three (3) working days before the Meeting, through the Registrar : PT Adimitra Jasa Korpora, with
         registered address: Jalan Kirana Avenue III Blok F3 Nomor 5, Kelapa Gading, North Jakarta, Daerah Khusus Ibukota Jakarta, Indonesia.
         Phone (021) 29745222, Faks. (021) 29289961, E-mail: opr@adimitra-jk.co.id, Website: www.adimitrajk.co.id.




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                                                  MEETING ARRANGEMENTS
     GENERAL PROVISIONS

            6) Proxy of Shareholders who are legal entities (Legal Entity Shareholders) are obliged to submit:
                 a) Copy of the applicable Articles of Association;
                 b) Documents referring to appointment of Directors/legal representative;
                 to the Company through the Registrar as per above mentioned address, no later than 29 May 2024 at 4:00 p.m. Western Indonesia
                 Time.
5.   All materials for the Meeting, including description/explanation of each Meeting’s agenda, Proxy Form, and Meeting’s Rules of Conduct, etc, can be
     accessed/obtained by scanning the QR Code below or through website of KSEI/eASY.KSEI application and the Company's website
     (www.wijayacahayatimber.com).
6.   Shareholders of the Company are expected to carefully read the Meeting’s Rule of Conduct, including for those who will attend the Meeting
     electronically,        the      electronic       Meeting        guideline      available      at      eASY.KSEI       application’s      website
     (https://easy.ksei.co.id/egken/Education_global.jsp).
7.   Any changes and/or additional information related to the implementation procedures of the Meeting which has not incorporated under this
     Invitation will be further updated on website of KSEI/eASY.KSEI application and the Company's website.




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                                               MEETING ARRANGEMENTS

   MEETING MATERIALS

Completed and up-to-date information regarding the Agenda of the Meeting, including other information related to the Meeting, is available on
the following website of the Company: www.wijayacahayatimber.com or by scanning the following QR Code:




                                                       Due to the Electronic AGMS
                              The Company will not be providing printed materials for the Agenda of the Meeting



                                                       Jakarta, May 08, 2024
                                               BOARD OF DIRECTORS OF THE COMPANY




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THANK YOU