ARTICLES OF ASSOCIATION

1. ARTICLES OF ASSOCIATION

The Company was established based on Deed No. 8, November

2, 1971, in conjunction with the Deed of Amendment No. 71, December 29, 1971, made by Komar Andasasmita SH, Notary in Bandung. Both deeds were approved by the Minister of Justice of the Republic Indonesia by Decree No. Y.A.5/34/21, January 20, 1973 and it was publicized in the State Gazette of the Republic of Indonesia No. 34, April 2, 1973, Supplement No. 313.

The Articles of Association have been amended several times. The last change made to conform with the Financial Services Authority Regulations of the Capital Market 2014, ie by the Deed of Statement of the General Meeting of Shareholders No. 2 dated December 3, 2015 made by Fathiah Helmi SH, Notary in Jakarta. The deed was accepted and recorded in Legal Administration System, Ministry of Justice and Human Rights, Company Register No. AHU-3588517.AH.01.11.in 2015 dated December 3, 2015.

The Company’s Articles of Association regulates among others: the Company’s Name and Location (Article 1), Establishment Period (Article 2), Purpose and Objectives as well as Business Activities (Article 3), other details regarding the Capital (Article 4), and other details regarding the Companys Shares (Article

5 to Article 10). This Company’s Article of Association also regulates provision

related to the General Meeting of Shareholders (Article 11 to Article 14), the Board of Directors (Article 15 to Article 17), the Board of Commissioners (Article 18 to Article 20), stipulation of Work Plan, Fiscal Year and Annual Report (article 21), stipulation of Profit Usage and Dividend Payment (article 22), Corporate Social and Environment Responsibilities (article 23), the Use of Retained Earnings (article 24), and other important and fundamental points needed for managing the Company. All of these reflect appropriate measures to protect the Company’s shareholders’ right and interests.

Anggaran Dasar Perseroan telah dimuat dalam laman (web- The Company’s Article of Association has been uploaded into site) Perseroan.

the Company’s website.

2. ORGAN PERSEROAN

2. THE COMPANY ORGANS

Didalam Undang-undang Nomor 40 Tahun 2007 tentang As stated in Law No. 40, 2007 regarding Limited Companies, Perseroan Terbatas yang dimaksudkan Organ Perseroan

the Company Organs are General Meeting of Shareholders, adalah Rapat Umum Pemegang Saham, Dewan Komisaris,

the Board of Commissioners and Directors. dan Direksi.

A. RAPAT UMUM PEMEGANG SAHAM (RUPS)

A. GENERAL MEETING OF SHAREHOLDERS (RUPS)

Di dalam Undang-undang No. 40 Tahun 2007 tentang As stated in Law No. 40, 2007 regarding Limited Companies Perseroan Terbatas dan Peraturan Otoritas Jasa

and Regulation of Financial Services Authority No. 32/ Keuangan Nomor 32/POJK.04/2014 tentang Rencana

POJK.04/2014 regarding Planning and Implementation dan Penyelenggaraan Rapat Umum Pemegang Saham

of General Meeting of Shareholders of Public Company, Perusahaan Terbuka disebutkan bahwa Rapat Umum

it is stated that General Meeting of Shareholders is a Pemegang Saham merupakan Organ Perseroan yang

Company Organ that holds an authority that is not given mempunyai wewenang yang tidak diberikan kepada

to Directors and the Board of Commissioners, as stated Direksi atau Dewan Komisaris dalam batas yang

by the law and/or the Company’s Articles of Association. ditentukan dalam undang-undang dan/atau Anggaran Dasar Perseroan.

Rapat Umum Pemegang Saham (RUPS) terdiri dari Rapat The Company has two types of GMS, i.e. Annual General Umum Pemegang Saham Tahunan (RUPST) dan Rapat

Meeting of Shareholders (AGMS) and other General Umum Pemegang Saham Lainnya yang disebut Rapat

Meeting of Shareholders or calles as Extraordinary Umum Pemegang Saham Luar Biasa (RUPSLB).

General Meeting of Shareholders (EGMS). Direksi bertanggungjawab untuk menyelenggarakan

The Board of Directors is responsible for organizing the RUPS Tahunan dan RUPS Lainnya, namun RUPS dapat

Annual General Meeting of Shareholders and Others juga diselenggarakan atas permintaan Dewan Komisaris

GMS, however GMS can also be organized at the request Perseroan, atau atas permintaan 1 (satu) orang atau lebih

of the Board of Commissioners, or at the request of 1 pemegang saham yang bersama-sama mewakili 1/10

(one) or more shareholders who together represent 1/10 (satu per sepuluh) atau lebih dari jumlah seluruh saham

(one-tenth) or more than the number of shares with dengan hak suara, dengan memperhatikan ketentuan-

voting rights, with due regard to the provisions stipulated ketentuan yang diatur dalam Anggaran Dasar Perseroan.

in the Company’s Articles of Association. Rapat Umum Pemegang Saham Tahunan (RUPST) wajib

Annual General Meeting of Shareholders (AGMS) is diselenggarakan dalam jangka waktu paling lambat 6

mandatory to be held at least 6 (six) months after the end (enam) bulan setelah tahun buku berakhir, dan dalam

of fiscal year and in this AGMS, the Board of Directors RUPST ini Direksi menyampaikan:

shall conveys:

a. The Annual Report, include the annual financial report pengawasan Dewan Komisaris, untuk disetujui dan

a. Laporan keuangan tahunan serta laporan tugas

as well as the report on the supervisory function of disahkan oleh RUPS.

the Board of Commissioners, to be approve and ratify by AGMS.

b. Proposal on the use of Company’s profit, if the net mempunyai saldo laba yang positif.

b. Usulan penggunaan laba Perseroan, jika Perseroan

income has positive balances.

c. Usulan penunjukan Akuntan Publik yang akan

c. Proposal of Public Accountant appointment to review memeriksa pembukuan Perseroan,

and audit the Company’s book,

d. Others agenda as long as the agenda complies with sesuai dengan ketentuan Anggaran Dasar Perseroan

d. Agenda lain sepanjang agenda tersebut diajukan

the Company’s Articles of Association and laws and dan peraturan perundang-undangan lain yang terkait

regulations related to the Company’s status and dengan status atau kegiatan usaha Perseroan.

business activities.