SUMMARY OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT TIGA PILAR SEJAHTERA FOOD Tbk

PT TIGA PILAR SEJAHTERA FOOD Tbk, domiciled in South Jakarta herewith notify that at Thursday 24thMarch 2016 at Harris Hotel Jl. DR. SAHARDJO no.191, Tebet, South Jakarta, had been held Extraordinary General Meeting of Shareholders (“EGM”) of PT TIGA PILAR SEJAHTERA FOOD Tbk. ( “Company”). EGM started at 10.20 WIB and the EGM attended by the member of Board of Directors and Board of Commissioners of the company as follows:

A. Attending Member of Board of Directors and Board of Commissioner of the Company

Dewan Komisaris Direksi
1. President Commissioner / Independent Commissioner: Tuan Anton Apriyantono 1. Director: Tuan Budhi Istanto Suwito
2. Vice President Commissioners: Tuan Kang Hongkie Widjaja 2. Independent Director: Tuan Jo Tjong Seng

B. Attendance Quorum for the Shareholders

  • That the EGM held in accordance with Article 86 paragraph (1) of the Law of the Republic of Indonesia Number 40 Year 2007 regarding Limited Liability Company, which requires the presence of shareholders representing at least ½ (one half) of the total shares issued by the Company valid voting rights.
  • The EGM attended by 2,677,002,413 shares which represented by shareholders or their attorney with valid voting rights or as much as 83.17% from 3,218,600,000 shares which are the total shares issued and fully paid in the Company.

C. EGM Agendas

EGM Agenda is:

  • Changes of Company’s Management.

Explanation of Agenda Single EGM are as follows:

  • In the discussion of EGM’s single Agenda, it was explained regarding the changes in the new composition of the Board of Commissioners and received the resignation of Mr. Ridha DM Wirakusumah from his position as Commissioner and appoint Mr. Jaka Prasetya as Commissioner replacing and continue the remaining term of the Mr. Ridha DM Wirakusumah be effective since the EGM was closed.

D. Questioning opportunity

Before taking decision, Chief of the EGM provides enough opportunity for shareholders to ask questions and / or give an opinion on the EGM single agenda . But no shareholder or authorized attorneys ask questions on the single EGM agenda.

E. Decision Making Mechanism

The decision taken by majority vote verbally by raising hand, but if Proxy of the Shareholders is authorized by shareholders to issue a dissenting vote or blanks but at the time of the decision by the Chairman of the meeting did not raise their hands to vote disagree or blank, they are considered approved the proposal.

F. EGM Decision:

EGM Decision is as follows:

EGM Agenda
Total of Shareholders asking question [-]
Voting Results Approve Abstention Don’t Aproove
Meeting approved 2,527,586.622 shares or 94.42% of which comes with such approved unanimously. 10,978,859 shares. 149,415,791 or 5.58%
EGM Decision Accepting the resignation of Mr. Ridha DM Wirakusumah from his position as Commissioner to grant exemptions and repayment in full (acquit et de charge) to him for the actions of supervision that has been carried out and appointed Mr.Jaka Prasetya to serve as Commissioner replacing and continue the remaining term of Mr. Ridha DM Wirakusumah effective since the Meeting was closed.

So that the composition of the Board of Commissioners, from the closing of the Meeting until the conclusion of the Annual General Meeting of Shareholders of the Company in 2018 (two thousand and eighteen) with the following composition:

Commissioner

  • President Commissioner and Independent Commissioner : Mr. ANTON APRIYANTONO
  • Vice President Commissioner : Mr. KANG HONGKIE WIDJAJA
  • Commissioner : Mr. HENGKY KOESTANTO
  • Commissioner : Mr. JAKA PRASETYA
  • Commissioner Independen: Mr. BONDAN HARYO WINARNO

Meeting hereby authorizes and empowered the Board of Directors to undertake all necessary actions in connection with the changes in composition of Board of Commissioners of the Company the authorities and relevant parties.

The EGM adjourned at 10.30 WIB

 

Jakarta, 28th March 2016
PT TIGA PILAR SEJAHTERA FOOD Tbk.
DIREKSI