Extraordinary General Meeting of Shareholders (EGMS) 2021

By continuing to implement strict health protocols, PT Chandra Asri Petrochemical Tbk held an Extraordinary General Meeting of Shareholders (EGMS) on 8 November 2021. The meeting which took place at Wisma Barito Pacific, Jakarta, was attended by the Board of Commissioners and Directors of Chandra Asri directly and virtually. In the meeting, the plan to amend the articles of association was approved. The Company hereby intends to propose amendments to several articles in the Company's Articles of Association, namely Article 14 paragraph (1) regarding the Board of Directors and Article 18 paragraph (1) regarding the Board of Commissioners. The proposed changes are specifically regarding the maximum number of members of the Board of Directors and members of the Board of Commissioners to a maximum of 15 members of the Board of Directors and 15 members of the Board of Commissioners. The plan to increase the composition of the Company's Board of Directors and Board of Commissioners was also approved by the shareholders. To support the Company's operational activities which are increasingly high and complex, as well as with the presence of new investors who have committed to contribute to the Company, the Company deems it necessary to add members of the Board of Directors and Board of Commissioners with a term of office of each member is 3 years.