The General Meeting of Shareholders (“GMS”) is the highest organ in the company which is the highest decision making forum for shareholders as mandated in the Limited Liability Company Law Number: 40 of 2007 (“UUPT”).

The holding of the GMS is regulated in the Company’s Articles of Association and Financial Services Authority (OJK) Regulation Number: 15/POJK.04/2020 concerning Planning and Organizing the General Meeting of Shareholders of Public Companies (“POJK 15”).

The Annual GMS for the 2022 financial year was held on 31 May 2023 at the Meeting Room of the PT Mutuagung Lestari Tbk office, Jl. Raya Bogor KM. 33.5 No. 19 Cimanggis – Depok which was conducted face to face and attended by all Commissioners and Directors of the Company.

In connection with the planned Initial Public Offering (IPO) of the Company’s shares, on March 21 2023 the Company held an Extraordinary General Meeting of Shareholders (“EGMS”) as stated in Deed number 05 dated March 21 2023 drawn up before Notary Rahayu Ningsih, S.H., Notary in the Administrative City of South Jakarta, which among other things, the EGMS decided (i) to approve the change in the status of the Company from being a Closed/Non-Public Company to a Public Company; (ii) approve the Company’s plan to conduct an Initial Public Offering of the Company’s Shares (IPO) to the public, including approving the issuance of shares in the Company’s savings or portfolio to be offered to the public through an Initial Public Offering (IPO); (iii) appoint members of the Company’s Board of Directors and Board of Commissioners, including appointing new Independent Commissioners, and (iv) Approve changes to all provisions of the Company’s Articles of Association in order to become a Public/Open Company.