PT Paninvest Tbk : Summary of minutes AGMS 2022

SUMMARY OF MINUTES ON

GENERAL MEETING OF SHAREHOLDERS OF PT PANINVEST Tbk

The Board of Directors of PT Paninvest Tbk (the "Company") shall hereby notify to Shareholders of the Company that the Company has convened an Annual General Meeting of Shareholders (AGMS) on :

Day/Date	: Thursday, June 30, 2022
Place	: Panin Bank Building 4th Fl,
	Jalan Jend.Sudirman Kav.1, Jakarta 10270.
Time	: at 08.45 - 09.24

With Agenda :

AGMS

1. 1. Approval of the Company's Annual Report of the Company and Supervisory Report of the Board of Commissioners of the Company, as well as ratification of the Company's Financial Annual Report for the financial year ending on December 31, 2021.
   2. The Approval on the utilization of profits for the financial year ended on 31 December 2021.
   3. Determination of honorarium of members of the Company's Board of Commissioners and authorization of the Company's Board of Commissioners to determine the amount of salary and benefits for members of the Company's Board of Directors.
   4. Appointment of Public accountant to audit the books of the Company for financial year ended 31 December 2022.
   5. Appointment of members of the Board of Commissioners in connection with the expiration of the term of office.
2. Board of Directors and Board of Commissioners who attend the AGMS Independent Commissioner : Sugeng Purwanto

Board of Directors

: -

1. Number of shares with valid voting rights present at AGMS : 2.500.441.478 shares
   Percentage of the total number of shares that have valid voting rights : 61.46%
2. Providing opportunity for shareholders to ask questions and/or give an opinion related to the agenda. There are no questions and/or give opinion from the shareholders or their proxies in the first to fifth agenda of the Meetings.
3. Mechanism of making decisions in the AGMS :
   Resolutions of the Meeting shall be made in amicable deliberation. Should the deliberation not be reached amicably, then voting shall be performed.
4. Resolutions made by voting, number of votes and percentages of resolutions of the Meeting

from total shares with voting right being present in the Meeting shall be as follows :

Agendas	Jenis	Affirmative	Dissenting	Abstained
	Kehadiran
I	Elektronic	178.505.347	147.100	730.200
		(7,14%)	(0,01%)	(0,03%)
	Physical	2.321.058.831	0	0

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		(92,83%)	(0%)	(0%)
	Total	2.499.564.178	147.100	730.200
		(99,96%)	(0,01%)	(0,03%)
II	Elektronic	178.932.347	147.100	303.200
		(7,16%)	(0,01%)	(0,01%)
	Physical	2.321.058.831	0	0
		(92,83%)	(0%)	(0%)
	Total	2.499.991.178	147.100	303.200
		(99,98%)	(0,01%)	(0,01%)
III	Elektronic	178.932.347	147.100	303.200
		(7,16%)	(0,01%)	(0,01%)
	Physical	2.321.058.831	0	0
		(92,83%)	(0%)	(0%)
	Total	2.499.991.178	147.100	303.200
		(99,98%)	(0,01%)	(0,01%)
IV	Elektronic	178.704.847	347.600	303.200
		(7,15%)	(0,01%)	(0,01%)
	Physical	2.321.058.831	0	0
		(92,83%)	(0%)	(0%)
	Total	2.499.763.678	347.600	303.200
		(99,97%)	(0,01%)	(0,01%)
V	Elektronic	1.185.300	177.894.147	303.200
		(0,05%)	(7,11%)	(0,01%)
		2.321.058.831	0	0
	Physical	(92,83%)	(0%)	(0%)
		2.322.244.131	177.894.147	303.200
	Total	(92,87%)	(7,11%)	(0,01%)

F. AGMS decision:

• Agenda 1 :

1. To approve the Company's Annual Report on business activities of the Company and the Supervisory Report of the Board of Commissioner and to ratify the Company's Financial Statements for the fiscal year ended on 31 December 2021.
2. Provides full release and discharges (acquit et de charge) to all members of the Board of Directors and Board of Commissioners of the Limited Liability Company for the actions of management and supervision for the fiscal year 2021.

• Agenda 2 : Approved:

1. At the amount of Rp 2,000,000,000 as reserved fund in accordance with the Company's Articles of Association.

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2. The remaining net profit for the year 2021 of Rp816.256.319.972 is to be used for investment and working capital of the Company and posted as retained profit. Therefore, the Company shall decide not to share dividend for the 2021 fiscal year.

• Agenda 3 :
• 1. To approve the total honorarium of the Board of Commissioners of the Company for the financial year 2022 amounting to Rp 180.000.000,- and the allocations to each member of the Board of Commissioners is determined by the Company's Board of Commisioners.
  2. To provide the authority to the Board of Commissioners of the Company to determine salaries and allowances for the Members of the Board of Directors for the 2022 fiscal year.
  3. To conduct any and all other actions necessary for such purposes without any exception.

The Authorization shall be granted with the following provisions :

• 1. This authorization is valid since the closing of this Meeting; and
  2. The Meeting has agreed to authorize all actions performed by the authorized party of this power of the attorney.
• Agenda 4:

1. Agree to appoint Public Accountant Office Anwar & Partners who will audit the Financial Report of the Company for the fiscal year 2022, and therefore up to this time the Board of Commissioners has not been able to determine the name of the Public Accountants, then agree to delegate authority to the Board of Commissioners to appoint a Public Accountant of Anwar & Partners which will audit the Financial Report for the fiscal year 2022. The appointed Public Accountant must have registered permits in OJK and competence in accordance with the complexity of business, as well as qualified and applicable regulations.
2. Agree to proxy and authority to the Board of Commissioners to determine the honorarium and other requirements, in connection with the appointment of the Public Accountants and Public Accountants Office.
3. Agree ini terms of the appointed Public Accountant Office for some reason unable to perform their duties, giving authority to the Board of Commissioners to appoint Public Accountant and other Public and other Public Accountant Office that has audit experience in accordance with the complexity of business of the Company.

• Agenda 5:
  1. To reappoint Mr. Mumin Ali Gunawan as President Commissioner of the Company, to reappoint Mr. Sugeng Purwanto as Independent Commissioner of the Company and to reappoint Mr. Richard Budi Gunawan as Vice President Commissioner of the Company for another term, so the composition of the Board of Commissioners as of the closing of this Meeting up to closing of the Company's Annual General Meeting

of Shareholders, to be convened in 2024 are as follows :

President Commissioner	: Mumin Ali Gunawan
Vice President Commissioner	: Richard Budi Gunawan
Independent Commissioner	: Sugeng Purwanto

2. To fully authorize the Board of Directors of the Company :

1. to state the Meeting's resolution before a Notary, and to notify the changes in the Company's data to the Minister of Law and Human Rights of the Republic of Indonesia and to report the appointment of member of the Company's Board of Commissioners to the appropriate authority in accordance with the prevailing laws and regulations.

3

1. to conduct any and all other actions necessary for such purposes without any exception.

This authority shall be given with the Provisions :

1. This authority shall be given with the Right to substitute this authority to the other person;
2. This authorization is valid since the closing of this Meeting; and
3. The Meeting has agreed to authorize all actions performed by the authorized party of this Power of the Attorney.

Jakarta, 4 July 2022

PT PANINVEST Tbk

BOARD OF DIRECTORS

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