2019 SHAREHOLDERS’ GENERAL MEETING
(AGMS starting from here and then will be referred as “meeting”)
Approval and ratification of the Report of the Board of Directors regarding the course of the Company's business and financial administration for the financial year ended on 31st December 2019 as well as the approval and ratification of the Company's Financial Statements including the Balance Sheet and Profit/Loss Statement for the year ended on 31st December 2019 that have been audited by the Independent Public Accountant, and the approval of the Company’s Annual Report, the report of the Board of Commissioners supervisory duties for the fiscal year ended on 31st December 2019, and to provide settlement and discharge of responsibility (acquit et de charge) to all members of the Board of Directors and Board of Commissioners for the actions of management and supervision that have been conducted in the fiscal year ended on 31st December 2019.
Explanation: With the agenda as mentioned above, the Company will provide explanations to the shareholders regarding the implementation of Company’s bussiness activity during the fiscal year 2019 and financial position as listed in the Company’s Financial Report for the fiscal year ended 31st December 2019. Based on the settlement Article 10 section 5 of Company’s Articles of Association, the approval of the Financial Report as it is stated above will provide release and full acquit (acquit et de charge) to all members of Director and Board of Commissioners for the actions of management and supervision which have been done in the fiscal year.
Approval for the proposed plan of the Company’s Net Income usage for the fiscal year ended 31st December 2019.
Explanation: With the agenda as mentioned above, the AGM will discuss and decide regarding the appropriation of the Company’s net income for year ended on 31st December 2019. Based on the legislation set in (i) Articels 22 section 1 of Company’s Articles of Association and (ii) Article 70 and Article 71 section (1) the Law of Limited Liabilities Companies No. 40 year 2007 (“UUPT”), The use of Company’s net income is to be decided in GMS.
Determination of salaries and other benefits of members of the Board of Directors of the Company as well as honorarium and other benefits of members of the Board of Commissioners of the Company
Explanation: With the agenda as mentioned above, The Company will propose to the Meeting to determine the salaries and benefits of members of the Directors of the Company as well as honorarium and benefits of members of the Board of Commissioners of the Company.
The appointment of an Independent Public Accounting Firm that will audit the Company's books for the year ending in December 31st December 2020.
Explanations: With the agenda as mentioned above, we will discuss about the plan to appoint theIndependent Public Accountant, registered with Financial Services Authority (“OJK”) who will appointed to conduct audit of the books of the account for fiscal year ended on 31st December 2020. The Company seek approval from shareholders to authorize the Board of Commissioners of the Company to appoint the public accountant, with the condition that the public accountant appointed shall be registered in OJK and delegate authority determine the amount of honorarium payable.
Accountability for the use of funds resulting from the Initial Public Offering of PT Repower Asia Indonesia Tbk.
Explanation: With the agenda as mentioned above, the Company reported the use of funds from the Initial Public Offering of PT Repower Asia Indonesia Tbk as the Company's responsibility for the use of funds from the Initial Public Offering under POJK 30/POJK.04/2015.