Minutes of the 2019 Annual General Meeting of Shareholders of PT Putra Mandiri Jembar Tbk compiled by Notary Emmyra Fauzia Kariana, S.H., M.Kn. dated 21 August 2020.

NOTE: This translation is for information purposes only to Non-Bahasa Indonesia speaker. For any differences in translation, please be noted, will be used the Resume in Bahasa Indonesia issued by the Notary as the Minute of Meeting of the Company.

Jakarta, 21st August 2020

Number:

04/VIII/EFK/2020

Reference:

Resume of Annual General Meeting Shareholders of PT PUTRA MANDIRI JEMBAR Tbk

To:

PT PUTRA MANDIRI JEMBAR Tbk

Dipo Tower Lt.18,

Jl. Jenderal Gatot Subroto Kav. 51, Jakarta 10260

Sincerely,

Herewith I submitted the Resume of Annual General Meeting Shareholders (hereinafter referred to as the "Meeting") of PT PUTRA MANDIRI JEMBAR Tbk, domiciled in Central Jakarta (hereinafter referred to as "the Company") which was held on:

Day/date : Friday, 21st August 2020

Time : 14.16 to 15.06 Western Indonesian Time

Venue : Jakarta Design Center, 6th floor, Room Lotus 1,

Jalan Jenderal Gatot Subroto No. 53 Central Jakarta.

Presence : A. Directors of the Company:

Mr. FRITZ GUNAWAN as the President Director;

Mr. IE PUTRA as a Director;

Mr. SANDI YOSWANDI as a Director;

Mr PETER ALEXANDER as a Director;

Mr. JIN NISHIMURA as a Director.

B. Also present in the Virtual via Zoom Meeting:

Members of the Board of Commissioners of the Company:

Mr. SUHANTI PONIMAN as the President Commissioner;

Mr. SHINYA IKEDA as a Commissioner;

Mr. YAP TJAY SOEN as an Independent Commissioner.

Number of Shareholders who are present/endorsed :

13.618.481.600 shares (99,003%) out of a total of 13.755.600.000 issued shares.

I. THE AGENDA OF THE MEETING

Approval of the Annual Report of the Company, the Financial Statements of the Company and the Supervisory Report of the Board of Commissioners of the Company for the Book Year 2019;
Determination of the usage of the Net Profit of the Company for the Book Year 2019;
Appointment of a Public Accountants Firm for the Book Year 2020;

a. Determination of salaries and allowances for the members of the Board of Directors of the Company for the Book Year 2020;
b. Determination of salaries or honorarium and other allowances for the members of the Board of Commissioners for the Book Year 2020;

4.Changes in the Composition of the Management of the Company;

5.Report of Usage of Fund Proceeds from the Initial Public Offering of the Company.

II. THE COMPLIANCE WITH LEGAL PROCEDURES FOR HOLDING THE MEETING

Notified about the plan of the Meeting of the Company to the Financial Service Authority (OJK), PT Bursa Efek Indonesia (IDX), and PT Kustodian Sentral Efek Indonesia (KSEI), all-three on July 7th, 2020;
Published the ANNOUNCEMENT of the Meeting of the Company on the website of the IDX, the website of the Company, and a newspaper daily NERACA published on July 15, 2020;
Published the INVITATION to attend the Meeting of the Company on the website of the IDX, the website of the Company and a newspaper daily NERACA published on July 30, 2020.

III. THE IMPLEMENTATION OF THE MEETING AND DECISIONS OF THE MEETING

The Meeting provided opportunities to all of shareholders and representatives of shareholders to ask questions or comment on the Agenda of the Meeting.
The Company gave opportunity to all of shareholders or representatives of shareholders for submitting any question via the Share Administration Bureau of the Company before the Meeting was held to be discussed in the Meeting, but within the time limit prescribed, the Company did not receive any question.
In the Question-and-Answer Session, no shareholders or representatives of shareholders that presents at the Meeting was asking question on the Agenda of the Meeting.
That the voting rights on the proposed agenda of the Meeting as follows:

For all of the Agenda of the Meeting:

Agreed = 13.618.481.500 shares (99,9999%)
Disagreed = 100 shares (0,0001%)
Abstain = Nil

The First Agenda of the Meeting, it decided :

Approved the Annual Report of the Company for the Book Year 2019;
Approved the Statements of Financial of the Company for the Book Year 2019 that has been audited by the Public Accountant Firm TANUBRATA SUTANTO FAHMI BAMBANG & REKAN, as mentioned on the Report of Independent Auditors Number 00478/2.1068/AU.1/05/1042-3/1/IV/2020 dated April 24, 2020 with opinion “Wajar Tanpa Modifikasian” (Unqualified Opinion);
Approved the Supervisory Report of the Board of Commissioners of the Company for the Book Year 2019; and,
Granted the release and discharge of full responsibility ("acquit et decharge") to:

(i) The members of Board of Directors of the Company on the implementation of the tasks and responsibilities for managing of the Company for the benefit of the Company in accordance with the purposes and objectives of the Company as well as the duties and responsibility to represent the Company both within and outside of any court; and,

(ii) The members of the Board of Commissioners for the implementation of the duties and responsibilities of the supervision over management policies, management in general regarding the Company or business of the Company as well as providing advice to the Board of Directors of the Company, assisting the Board of Directors of the Company, and approval to the Board of Directors of the Company,

that carried out during the book year 2019, insofar as the implementation of these duties and responsibilities are reflected in the annual report, the financial statements, and the Supervisory Report of the Board of Commissioners of the Company for the Book Year 2019.

The Second Agenda of the Meeting, it decided :

Set the usage of the net profit attributable to the owners of the Company for the Book Year 2019, amounting to IDR 95,481,469,151.- (ninety-five billion, four hundred and eighty-one million, four hundred and sixty-nine thousand, one hundred and fifty-one Rupiah) with the following details:

a. As much as IDR 6,500,000,000.- (six billion, five hundred million Rupiah) set aside as the reserve fund in order to comply with the provisions as stated in Article 84 Article of Association of the Company and Article 70 of the Corporate Law;

b. The remaining amount is IDR 88,981,469,151.- (eighty-eight billion, nine hundred and eighty-one million, four hundred and sixty-nine thousand, one hundred and fifty-one Rupiah) will be added to the account of Retained Earnings for working capital of the Company.

The Third Agenda of the Meeting, it decided :

Appointed of the Public Accountant Firm TANUBRATA SUTANTO FAHMI BAMBANG & REKAN to do financial audit of the Financial Statements of the Company for the Book Year 2020.

The Fourth Agenda of the Meeting, it decided :

Approved the delegation of authority of the Meeting to the Board of Commissioners of the Company to determine salaries and allowances of the Board of Directors of the Company as well as salary or honorarium and allowances of Board of Commissioners of the Company.

The Fifth Agenda of the Meeting, it decided :

Agreed to accept the resignation of Mr. YAP TJAY SOEN as the Independent Commissioner. And agreed to appoint Mr. NURSALAM ANDI TABUSALLA as the Independent Commissioner, with the same serving term as current members of the Board of Commissioners of the Company,
Approved to appoint Mr. ATSUSHI HANDA as a Director of the Company with the same serving term as current members of the Board of Directors of the Company, thus the members of the Board of Directors and the members of the Board of Commissioners of the Company are as follows:

The chairman of the Meeting read the Curriculum Vitae of Mr. NURSALAM ANDI TABUSALLA as the Independent Commissioner, and Mr. ATSUSHI HANDA as a Director of the Company.

The Board of Commissioners of the Company:

President Commissioner : SUHANTI PONIMAN;

Commissioner : SHINYA IKEDA;

Commissioner Independent : NURSALAM ANDI TABUSALLA.

The Board of Directors of the Company:

President Director : FRITZ GUNAWAN;

Director : IE PUTRA;

Director : SANDI YOSWANDI;

Director : PETER ALEXANDER;

Director : JIN NISHIMURA;

Director : ATSUSHI HANDA.

3.Authorized the Board of Directors of the Company to declare the Decisions of the Meeting in a deed of resolution made before a notary and deliver notifications changes of data of the Company to the Ministry of Law and Human Rights of the Republic of Indonesia to obtain a letter of notice of acceptance of the change of the Company from the Minister of Law and Human Rights of the Republic of Indonesia.

The Sixth Agenda of the Meeting, it decided :

The Board of Directors reported total proceeds from the Initial Public Offering ("IPO") of the Company as stated in the Final Report of the Usage of fund Proceeds from the IPO amounted to IDR 12,301,231.800.- (twelve billion, three hundred and one million, two hundred and thirty-one thousand, eight hundred Rupiah).

The realization of the usage of fund proceeds from the IPO amounting to IDR 12,301,231,800.- (twelve billion, three hundred and one million, two hundred and thirty-one thousand, eight hundred Rupiah) has been disbursed as working capital loan to PT DIPO INTERNASIONAL PAHALA OTOMOTIF, a subsidiary, or 100% of the proceeds fund received from the IPO.

Resolution aforementioned stated in the Meeting dated August 21, 2020, will be stated in the Deed Number 25 referring the Minutes of Meeting which is made by EMMYRA FAUZIA KARIANA, S.H., M.Kn., Notary in Jakarta.

A copy of this deed is still in process by the notary office.

This resume is submitted precedes a copy of the deed mentioned above, which will be sent to the Company once completed.

Jakarta, 21st August 2020

Notary,

(Signed and stamped)

EMMYRA FAUZIA KARIANA, S.H., M,Kn.

Berita

Notulen Rapat Umum Pemegang Saham Tahunan 2019 PT Putra Mandiri Jembar Tbk