MINUTES SUMMARY OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (“Meeting”)

PT.Wicaksana O.I. Tbk

PT. WICAKSANA OVERSEAS INTERNATIONAL Tbk.

MINUTES SUMMARY OF
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS (“Meeting)

The Board of Directors of PT. Wicaksana Overseas International Tbk (the “Company”) hereby announce that the Company has convened its Meeting as follows :

A. On
Day/Date : Tuesday, 6th March 2018
Time : 14.35 – 14.45 hours
Venue : Mercure Ancol Convention Center
Teluk Jakarta Room, 1st Floor
Taman Impian Jaya Ancol, Jakarta Utara
with the agenda as follows :
Changes in the composition of the Company’s Board of Directors and Board of Commissioners. (“Otoritas Jasa Keuangan or OJK”).
Explanation of the core subject is as follows :
In relation to the change of control by DKSH Holding AG as was published in the Company Report on 31st October 2017 through the Indonesia Stock Exchange website and the Company’s website, the meeting for the core subject is held in the framework of implementing the takeover agreement.

B. Members of the Board of Directors and the Board of Commissioners of the Company present at the meeting :
Board of Commissioners              Board of Directors
1. Mr Djajadi Djaja                         1. Mr Eddy Suwandi
2. Mr Hariady Hugeng                   2. Ms Elys Karis
3. Mr Haji Suhadi, SH
C. The meeting was attended by shareholders representing 1.240.541.762 shares or equal to 97.76% of all shares issued by the Company, therefore, it fulfilled the quorum to make decisions, which is more than ½ of all shares issued by the Company, thus the meeting was validly conducted and made valid resolutions.
D. In the meeting, the Shareholders/their respective proxies were given the opportunity to ask questions and/or give their opinions regarding the agenda of the Meeting.
E. There was 1 (one) shareholder who asked question and/or give an opinion.
F. The procedure for making resolutions in the Meeting is as follows :
The resolutions reached through deliberation to reach a consensus. In the event no consensus reached, hence it will be voting.
G. All Shareholders and proxies agreed, hence the results of resolutions have made through deliberation of consensus.
H. The Meeting has resolved as follows :
1. Approved the dismissal of Mr Eddy Suwandi, Ms Elys Karis and Mr Hariady Hugeng, respectively as President Director, Director and Commissioner of the Company effective on the closing date of this Meeting and provide release and discharge (acquit of de charge) for the management and supervision they have done during the time of their position as long as the actions are reflected in the financial statement and are not contrary to the prevailing laws and regulations.
2. a. Approved to appoint :
a. Mr Tay Lim Pin replacing Mr Eddy Suwandi as President Director
b. Mr Eka Hadi Djaja replacing Ms Elys Karis as Director
c. Mr Stephen John Ferraby replacing Mr Hariady Hugeng as Commissioner
This appointment is effective on the closing date of this Meeting for the remaining term of office of the Board of Directors and the Board of Commissioners who were replaced up to the closing of the Annual General Meetings held in 2018.
b. Approved to appoint :
a. Mr Damien Dimitri Morot as Independent Director
b. Mr Andreas Wust as Commissioner
c. Mr Paul Harry Graham as Independent Commissioner
This appointment is effective on the closing date of this Meeting until the ending of Annual General Meetings held in 2018.
Thus the composition of the Board of Directors and Commissioners of the Company is as follows :
Board of Commissioners :
President Commissioner : Mr Djajadi Djaja
Commissioner : Mr Stephen John Ferraby
Commissioner : Mr Andreas Wust
Independent Commissioner : Mr Haji Suhadi, SH
Independent Commissioner : Mr Paul Harry Graham
Board of Directors
President Director : Mr Tay Lim Pin
Director : Mr Eka Hadi Djaja
Independent Director : Mr Damien Dimitri Morot
3. Provided the authorization and attorney to the Board of Directors of the company and/or.
together as well as personally to declare the Meeting Resolution in a separate Notarial Deed and report the change of the company’s data to the Minister of Law and Human Rights of the Republic of Indonesia.

Jakarta, 8th March 2018
The Board of Directors

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