Financial Services Authority Regulation Number 4 of 2024 on Reporting of Ownership or Any Changes in Ownership of Shares of Public Companies and Reporting of Activities to Pledge Shares of Public Companies

FINANCIAL SERVICES AUTHORITY
REPUBLIC OF INDONESIA
COPY
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 4 OF 2024
CONCERNING
REPORTING OF OWNERSHIP OR ANY CHANGES IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES AND REPORTING OF ACTIVITIES TO PLEDGE SHARES OF PUBLIC COMPANIES BY THE GRACE OF GOD THE ALMIGHTY THE COMMISSIONERS COUNCIL OF THE FINANCIAL SERVICES AUTHORITY, Considering:
a. that with the enactment of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, the regulations regarding the time limit for submitting reports on ownership or any changes in share ownership have been amended; b. that the existing reports on ownership or any changes in share ownership of public companies need to be adjusted to international standards or the results of comparative studies in other countries;
c. that there are other types of transactions conducted by shareholders in the form of activities to pledge shares conducted by shareholders of public companies, thus requiring the submission of reports on activities to pledge shares of public companies;
d. that to improve the quality of information openness by certain shareholders and the quality of supervision, including the provision of electronic reporting systems, it is necessary to adjust the regulations; e. that Financial Services Authority Regulation Number 11/POJK.04/2017 concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies is no longer in line with developments and legal needs, thus it needs to be replaced; f. that based on the considerations referred to in letters a, b, c, d, and e, it is necessary to establish a Financial Services Authority Regulation concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies and Reporting of Activities to Pledge Shares of Public Companies;

Recalling:

1. Law Number 8 of 1995 concerning Capital Markets (State Gazette of the Republic of Indonesia Year 1995 Number 64, Supplement to the State Gazette of the Republic of Indonesia Number 3608) as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);
2. Law Number 21 of 2011 concerning the Financial Services Authority (State Gazette of the Republic of Indonesia Year 2011 Number 111, Supplement to the State Gazette of the Republic of Indonesia Number 5253) as amended by Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (State Gazette of the Republic of Indonesia Year 2023 Number 4, Supplement to the State Gazette of the Republic of Indonesia Number 6845);

DECIDING:
Establish: FINANCIAL SERVICES AUTHORITY REGULATION CONCERNING REPORTING OF OWNERSHIP OR ANY CHANGES IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES AND REPORTING OF ACTIVITIES TO PLEDGE SHARES OF PUBLIC COMPANIES.

CHAPTER I
GENERAL PROVISIONS
Article 1
In this Financial Services Authority Regulation, the following terms are defined as:

1. Public Company is an issuer that has conducted a public offering of equity securities or a public company.
2. Issuer is a party conducting a public offering.
3. Party is an individual, legal entity, company, joint venture, association, or organized group.
4. Board of Directors is the organ of the Public Company authorized and fully responsible for the management of the Public Company for the interests of the Public Company, in accordance with the purpose and objectives of the Public Company, and representing the Public Company, both inside and outside the court, in accordance with the provisions of the Articles of Association of the Public Company.
5. Board of Commissioners is the organ of the Public Company tasked with conducting general and/or specific supervision in accordance with the Articles of Association and providing advice to the Board of Directors of the Public Company.
6. Activities to Pledge Shares of Public Company is an activity conducted by a shareholder who pledges shares by mortgaging and/or pawning the shares of the Public Company owned by them.

CHAPTER II
REPORTING OBLIGATIONS FOR OWNERSHIP OR ANY CHANGES IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES
Article 2
(1) Members of the Board of Directors or members of the Board of Commissioners who own shares with voting rights, whether directly or indirectly, are required to submit reports on ownership of voting rights over shares and any changes in ownership of voting rights over shares of the Public Company to the Financial Services Authority. (2) In addition to members of the Board of Directors or members of the Board of Commissioners as referred to in paragraph (1), there are Parties who are also required to report to the Financial Services Authority regarding ownership of voting rights over shares and any changes in ownership of voting rights over shares of the Public Company, whether directly or indirectly, including:
a. any Party owning shares with voting rights of at least 5% (five percent); and b. Parties who are controllers of the Public Company.
(3) Any Party as referred to in paragraph (2) letter a who experiences a decrease in the percentage of share ownership with voting rights to less than 5% (five percent) is required to report changes in ownership of voting rights over shares of the Public Company to the Financial Services Authority. (4) In the event that the Party as referred to in paragraph (2) is an organized group, the reporting is conducted by one of the shareholders designated to represent the organized group. (5) The obligation to submit reports on changes in ownership of voting rights over shares of the Public Company for Parties as referred to in paragraph (2) applies to every change in the unit percentage of ownership of shares of the Public Company with voting rights from the previous percentage unit. (6) If the change in the percentage of ownership of voting rights over shares of the Public Company as referred to in paragraph (5) is a fractional number, the ownership percentage is rounded down to determine whether there is a change in the unit percentage. (7) Reports as referred to in paragraph (1) and paragraph (2) must be submitted immediately, at the latest within 5 (five) working days from the occurrence of ownership of voting rights over shares or any changes in ownership of voting rights over shares of the Public Company.

Article 3
(1) Parties as referred to in Article 2 paragraph (1) and paragraph (2) may grant a written power of attorney to another party to report ownership of voting rights over shares and any changes in ownership of voting rights over shares of the Public Company. (2) In the event that changes in ownership of voting rights over shares of the Public Company are reported by another party as referred to in paragraph (1), then:
a. the reporting obligation by the Party as referred to in Article 2 paragraph (1) and paragraph (2) is considered fulfilled; and b. it does not eliminate the responsibility of the Party as referred to in Article 2 paragraph (1) and paragraph (2) regarding the truthfulness of the report content and in the event of late submission of the report. (3) If reporting is conducted by the Party as referred to in paragraph (1), the submission time limit refers to the time limit as referred to in Article 2 paragraph (7). (4) In the event that changes in ownership of voting rights over shares occur due to inheritance, the Party receiving the inherited shares is required to report such changes. (5) Parties experiencing changes in ownership of voting rights over shares of the Public Company are exempt from the reporting obligation provisions as referred to in Article 2, if changes in ownership of shares of the Public Company occur due to:
a. corporate actions conducted by the Public Company involving capital increases with or without granting pre-emptive rights; or b. corporate actions conducted by the Public Company without any transactions conducted by shareholders.

Article 4
(1) Reports on ownership of voting rights over shares or any changes in ownership of voting rights over shares of the Public Company as referred to in Article 2 must contain at least:
a. name, place of residence, and nationality; b. name of the Public Company's shares;
c. number of shares and percentage of share ownership with voting rights over shares of the Public Company before and after the transaction;
d. type of transaction conducted; e. number of shares bought, sold, or transferred; f. information regarding share classification; g. purchase or sale price per share, if the change in ownership is due to a payment transaction; h. transaction date;
i. purpose of the transaction;
j. status of share ownership, whether direct or indirect; k. information regarding shareholders recorded in the Public Company's shareholder register for beneficial ownership purposes, if there is indirect share ownership;
l. name of the shareholder granting the power of attorney to report and information that the reporting is a power of attorney granted to themselves, if the share ownership report is delegated; and
m. information regarding the details of members of the organized group, if it is a share ownership report by an organized group.
(2) In the event that changes in ownership are conducted by the controller of the Public Company, an explanation is added for the controller of the Public Company regarding whether they will maintain their control or not. (3) The form and content of the report as referred to in paragraph (1) must be prepared in accordance with the format for reporting ownership or any changes in share ownership of public companies contained in Appendix I, which is an integral part of this Financial Services Authority Regulation.

Article 5
Report information as referred to in Article 2 is available to the public.

CHAPTER III
REPORTING OBLIGATIONS FOR ACTIVITIES TO PLEDGE SHARES OF PUBLIC COMPANIES
Article 6
(1) Shareholders conducting Activities to Pledge Shares of Public Companies are required to submit reports on Activities to Pledge Shares of Public Companies to the Financial Services Authority. (2) The obligation to submit reports as referred to in paragraph (1) applies to Activities to Pledge Shares of Public Companies of at least 5% (five percent) of voting rights. (3) The percentage as referred to in paragraph (2) is calculated from one (1) time or accumulated from several times of Activities to Pledge Shares of Public Companies. (4) The obligation to submit reports on Activities to Pledge Shares of Public Companies for Parties as referred to in paragraph (2) applies to every change in the unit percentage of the number of shares of the Public Company pledged from the previous percentage unit of pledged shares. (5) If the change in the percentage of shares of the Public Company pledged as referred to in paragraph (4) is a fractional number, the percentage of shares of the Public Company pledged is rounded down to determine whether there is a change in the unit percentage. (6) Reports as referred to in paragraph (1) must be submitted immediately, at the latest within 5 (five) working days from the signing of the Agreement on Activities to Pledge Shares of Public Companies that causes the conditions as referred to in paragraph (2) to be met. (7) Reports on Activities to Pledge Shares as referred to in paragraph (1) must contain at least:
a. name, place of residence, and nationality; b. name of the Public Company's shares pledged;
c. number of shares and percentage of share ownership pledged;
d. loan value with share collateral; e. type of transaction/event causing changes in the number of pledged shares, if there are changes in the number of pledged shares; f. agreement date and agreement duration; and g. nature of affiliation relationships between Parties conducting Activities to Pledge Shares of Public Companies, if there are affiliation relationships. (8) The form and content of the report as referred to in paragraph (1) must be prepared in accordance with the format for reporting Activities to Pledge Shares of Public Companies contained in Appendix II, which is an integral part of this Financial Services Authority Regulation.

CHAPTER IV
SUBMISSION OF REPORTS ELECTRONICALLY
Article 7
(1) In the event that the Financial Services Authority has provided an electronic reporting system, the submission of:
a. reports on ownership or any changes in share ownership of public companies as referred to in Article 2 paragraph (1) and paragraph (2); and b. reports on Activities to Pledge Shares of Public Companies as referred to in Article 6 paragraph (1), must be submitted to the Financial Services Authority through the electronic system. (2) Submission of reports as referred to in paragraph (1) must be conducted immediately, at the latest within 3 (three) working days from:
a. the occurrence of ownership of voting rights over shares or any changes in ownership of voting rights over shares of the Public Company; or b. the signing of the Agreement on Activities to Pledge Shares of Public Companies that causes the conditions as referred to in Article 6 paragraph (2) to be met. (3) In the event that the electronic reporting system as referred to in paragraph (1) is not yet available, reports are submitted via printed documents or electronic documents. (4) Further provisions regarding the electronic system as referred to in paragraph (1) are established by the Financial Services Authority.

Article 8
(1) If the submission deadline for reports as referred to in Article 2 paragraph (7), Article 3 paragraph (3), Article 6 paragraph (6), and Article 7 paragraph (2) falls on a holiday, reports must be submitted to the Financial Services Authority at the latest on the next working day. (2) If the submission of reports as referred to in Article 2 paragraph (7), Article 3 paragraph (3), Article 6 paragraph (6), and Article 7 paragraph (2) exceeds the deadline as referred to in paragraph (1), the calculation of the number of days of late submission of reports is calculated from the first day after the final submission deadline as referred to in paragraph (1).

CHAPTER V
ADMINISTRATIVE SANCTIONS
Article 9
(1) Any Party violating the provisions as referred to in Article 2 paragraph (1), paragraph (2), paragraph (3), paragraph (7), Article 3 paragraph (4), Article 6 paragraph (1), paragraph (6), Article 7 paragraph (1), paragraph (2), and Article 8 paragraph (1) shall be subject to administrative sanctions. (2) Sanctions as referred to in paragraph (1) are also imposed on Parties who cause the violation as referred to in paragraph (1) to occur. (3) Sanctions as referred to in paragraph (1) and paragraph (2) are imposed by the Financial Services Authority. (4) Administrative sanctions as referred to in paragraph (1) consist of:
a. written warning; b. fines, namely the obligation to pay a certain amount of money;
c. restriction of business activities;
d. suspension of business activities; e. revocation of business licenses; f. cancellation of approvals; and/or g. cancellation of registration.
(5) Administrative sanctions as referred to in paragraph (4) letters b, c, d, e, f, or g may be imposed with or without prior imposition of administrative sanctions in the form of written warnings as referred to in paragraph (4) letter a. (6) Administrative sanctions in the form of fines as referred to in paragraph (4) letter b may be imposed separately or together with the imposition of administrative sanctions as referred to in paragraph (4) letters c, d, e, f, or g. (7) The procedure for imposing sanctions as referred to in paragraph (3) is conducted in accordance with the provisions of applicable legislation.

Article 10
In addition to administrative sanctions as referred to in Article 9 paragraph (4), the Financial Services Authority may take specific actions against any Party violating the provisions of this Financial Services Authority Regulation.

Article 11
The Financial Services Authority may announce the imposition of administrative sanctions as referred to in Article 9 paragraph (4) and specific actions as referred to in Article 10 to the public.

CHAPTER VI
CLOSING PROVISIONS
Article 12
At the time this Financial Services Authority Regulation takes effect, Financial Services Authority Regulation Number 11/POJK.04/2017 concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies (State Gazette of the Republic of Indonesia Year 2017 Number 48, Supplement to the State Gazette of the Republic of Indonesia Number 6032) is repealed and declared invalid.

Article 13
This Financial Services Authority Regulation takes effect after 6 (six) months from the date of its enactment.

This copy is in accordance with the original
Director of Legal Development
Legal Department
Aat Windradi

To ensure everyone knows, order the enactment of this Financial Services Authority Regulation by placing it in the State Gazette of the Republic of Indonesia. Established in Jakarta on February 26, 2024 CHAIRMAN OF THE COMMISSIONERS COUNCIL FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA, MAHENDRA SIREGAR

Enacted in Jakarta on February 28, 2024
MINISTER OF LAW AND HUMAN RIGHTS
REPUBLIC OF INDONESIA,
YASONNA H. LAOLY

STATE GAZETTE OF THE REPUBLIC OF INDONESIA YEAR 2024 NUMBER 6/OJK signed

EXPLANATION
OF
FINANCIAL SERVICES AUTHORITY REGULATION
REPUBLIC OF INDONESIA
NUMBER 4 OF 2024
CONCERNING
REPORTING OF OWNERSHIP OR ANY CHANGES IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES AND REPORTING OF ACTIVITIES TO PLEDGE SHARES OF PUBLIC COMPANIES

I. GENERAL
The obligation to report to the Financial Services Authority regarding ownership of shares of Public Companies of at least 5% (five percent) has been regulated in Financial Services Authority Regulation Number 11/POJK.04/2017 concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies. However, to improve the quality of information openness by certain shareholders and the supervision conducted, it is necessary to replace the regulations regarding information openness regarding ownership of shares of Public Companies of at least 5% (five percent) with current reports on ownership or any changes in share ownership of Public Companies in accordance with best practices in other countries. Improvements are made, among others, by regulating:
a. the reporting obligation for Parties owning shares with voting rights of Public Companies of at least 5% (five percent), whether directly or indirectly. b. the obligation to report changes in ownership of shares of Public Companies applies to every change in ownership from the previous percentage unit of ownership, and if the change in the percentage unit of ownership is a fractional number, it is rounded down to determine whether there is a change in the percentage unit.
c. the reporting obligation for Activities to Pledge Shares of Public Companies.
The addition of reporting for Activities to Pledge Shares of Public Companies is motivated by several activities by shareholders where no reporting is conducted, thus there is a risk when default occurs resulting in the execution of collateral in the form of shares significantly changing share ownership in Public Companies, which in certain cases can result in changes in control that cannot be monitored by shareholders or regulators. Considering the above, it is necessary to replace Financial Services Authority Regulation Number 11/POJK.04/2017 concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies by establishing a Financial Services Authority Regulation concerning Reporting of Ownership or Any Changes in Share Ownership of Public Companies and Reporting of Activities to Pledge Shares of Public Companies.

II. ARTICLE BY ARTICLE
Article 1
Clearly sufficient.

Article 2
Paragraph (1)
What is meant by "members of the Board of Directors or members of the Board of Commissioners" are members of the Board of Directors or members of the Board of Commissioners who own shares of the Public Company where the members of the Board of Directors or members of the Board of Commissioners serve. What is meant by "ownership of voting rights over shares of Public Companies" is ownership of shares of Public Companies that have voting rights.

Paragraph (2)
What is meant by "Parties owning shares indirectly" are Parties who own shares of Public Companies through other parties.
Such parties are the actual beneficial owners of the shares and/or part of the ownership chain up to the actual owner.

Letter a
The calculation of share ownership percentage refers to the comparison of the number of shares owned to the number of outstanding shares.
The calculation of voting rights of at least 5% (five percent) is based on the number of shares that have been placed and fully paid up with voting rights.
Parties owning shares with voting rights of at least 5% (five percent), whether directly or indirectly, include Shareholders with multiple voting rights and Parties who are beneficiaries of legal entities that are shareholders with multiple voting rights.

Letter b
What is meant by "controller of Public Companies" is a controller with ownership of more than 5% (five percent) or less than 5% (five percent).

Paragraph (3)
The decrease in share ownership percentage to less than 5% (five percent) only occurs when there is a decrease in percentage from 5% (five percent) or more to less than 5% (five percent). Ownership that has become less than 5% (five percent) no longer has reporting obligations.

Paragraph (4)
What is meant by "organized group" is Parties who make plans, agreements, or decisions to cooperate to achieve specific goals.
Example:
There are 3 (three) shareholders, namely A, B, and C, who form an organized group. The Party representing the organized group, for example, A, conducts reporting for the entire share ownership in the organized group.

Paragraph (5)
What is meant by "change in unit percentage" is a change in the whole number before the decimal.
Example:

1. Change in percentage from 5.1% (five point one percent) to 6.2% (six point two percent), which means a change from 5% (five percent) to 6% (six percent).
2. Change in percentage from 6.9% (six point nine percent) to 10% (ten percent), which means a change from 6% (six percent) to 10% (ten percent).
3. Change in percentage from 8.1% (eight point one percent) to 7.9% (seven point nine percent), which means a change from 8% (eight percent) to 7% (seven percent).

Paragraph (6)
Change in percentage from 6.1% (six point one percent) to 6.99% (six point nine nine percent) is not considered a change because rounding down 6.99% (six point nine nine percent) is 6% (six percent).

Paragraph (7)
Clearly sufficient.

Article 3
Paragraph (1)
This power of attorney does not eliminate the responsibility of the Party as the share owner to ensure the submission of reports as regulated in this Financial Services Authority Regulation. Other parties granted power of attorney in practice can be given to, among others, securities administration bureaus, custodian banks, securities companies, and Public Companies.

Paragraph (2)
Clearly sufficient.

Paragraph (3)
Clearly sufficient.

Paragraph (4)
The reporting obligation is conducted since the change in share ownership name becomes the name of the Party receiving the inherited shares.

Paragraph (5)
Example 1:
The Public Company conducts a capital increase without granting pre-emptive rights where there are new investors who become shareholders. As a result, the number of shares owned by other shareholders who did not conduct transactions changes. Thus, diluted shareholders and new investors are exempt from the reporting obligation.

Example 2:
The Public Company conducts a share buyback from specific shareholders. As a result, the number of shares owned by other shareholders who did not conduct transactions changes. Thus, reporting on changes in share ownership is not required.

Article 4
Paragraph (1)
Letter a
Clearly stated.
Letter b
Clearly stated.
Letter c
Clearly stated.
Letter d
The term "type of transaction" includes, among others, purchase, sale, exercise of equity securities, gift, inheritance, or execution of shares of a Public Company that are pledged. In the event that the transaction is a purchase or sale due to a repurchase agreement transaction, the Public Company adds its disclosure. Letter e Clearly stated. Letter f The term "share classification" refers to ordinary shares or shares with multiple voting rights. The term "shares with multiple voting rights" refers to a share classification where 1 (one) share provides more than 1 (one) voting right to shareholders who meet the requirements as regulated in the Financial Services Authority Regulation regarding the application of share classification with multiple voting rights by issuers with high innovation and growth levels that conduct a public offering of equity securities in the form of shares. Letter g Clearly stated. Letter h Clearly stated. Letter i Clearly stated. Letter j Clearly stated. Letter k Clearly stated. Letter l Clearly stated. Letter m Clearly stated. Paragraph (2) Clearly stated. Paragraph (3) Clearly stated.
Article 5
Clearly stated.

Article 6
Paragraph (1)
Pledging Activities of Shares of Public Companies include, among others, pawning shares, fiduciary guarantees, pledging shares, and/or mortgaging shares in accordance with the provisions of applicable laws and regulations, which do not cause a change in ownership of the pledged shares. Paragraph (2) The calculation of voting rights of at least 5% (five percent) is based on the number of shares that have been placed and fully paid up and have voting rights. Paragraph (3) Multiple Pledging Activities of shares of a Public Company include, among others, shareholders pledging shares of a Public Company in stages within a certain period so that the total reaches 5% (five percent). Reporting obligations arise when, cumulatively, the total number of pledged shares reaches at least 5% (five percent). Paragraph (4) The term "change in percentage unit" refers to a change in the whole number before the decimal point. Example:

1. Change in the percentage of pledged shares of a Public Company from 5.1% (five point one percent) to 6.2% (six point two percent), which means a change from 5% (five percent) to 6% (six percent).
2. Change in the percentage of pledged shares of a Public Company from 7.3% (seven point three percent) to 6.2% (six point two percent), which means a change from 7% (seven percent) to 6% (six percent).
   Paragraph (5)
   A change in the percentage of pledged shares of a Public Company from 6.1% (six point one percent) to 6.99% (six point nine nine percent) is not considered a change because rounding down 6.99% (six point nine nine percent) results in 6% (six percent). Paragraph (6) Clearly stated. Paragraph (7) Letter a Clearly stated. Letter b Clearly stated. Letter c Clearly stated. Letter d Clearly stated. Letter e Changes in the number of pledged shares include, among others, changes in the loan amount or partial repayment of the loan.

Letter f
The term "agreement date" refers to the date of occurrence or effectiveness of the Pledging Activities of Shares of Public Companies.
Letter g
The term "affiliation relationship" refers to the affiliation relationship as referred to in the Law on the Capital Market.
Paragraph (8)
Clearly stated.
Article 7
Clearly stated.
Article 8
Paragraph (1)
Clearly stated.
Paragraph (2)
Example:
If the deadline for submitting the report falls on a Saturday, the Reporting Party is obligated to submit the said report at the latest on the next 1 (one) working day, which is Monday. For the Reporting Party submitting the report on Wednesday, the calculation of late submission of the report is calculated starting from Tuesday. Thus, the Reporting Party in question has a late submission of the report for 2 (two) days.
Article 9
Paragraph (1)
Clearly stated.
Paragraph (2)
Parties causing the violation include, among others, members of the Board of Directors and members of the Board of Commissioners of the Public Company.
Paragraph (3)
Clearly stated.
Paragraph (4)
Clearly stated.
Paragraph (5)
Clearly stated.
Paragraph (6)
Clearly stated.
Paragraph (7)
Clearly stated.
Article 10
Certain actions may include members of the Board of Directors, members of the Board of Commissioners and/or shareholders of a Public Company not being allowed to be the Principal Party at a financial services institution.
Article 11
Clearly stated.

Article 12
Clearly stated.
Article 13
Clearly stated.
SUPPLEMENT TO THE STATE GAZETTE OF THE REPUBLIC OF INDONESIA NUMBER 74/OJK

APPENDIX I
FINANCIAL SERVICES AUTHORITY REGULATION
NUMBER 4 OF 2024
CONCERNING
REPORT ON OWNERSHIP OR ANY CHANGE IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES AND REPORT ON ACTIVITIES OF PLEDGING SHARES OF PUBLIC COMPANIES REPORT ON OWNERSHIP OR ANY CHANGE IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES ………. (City), ………. (date, month, year) Number :
Attachment :
Subject :
To
The Executive Head of Capital Market, Derivative Financial and Carbon Exchange Supervision, Financial Services Authority in Jakarta I, whose signature is below:
Name : (name according to Single Investor Identification Number (SID)) Full Address : (full address according to SID) Phone number :
Nationality :
Email address :
in accordance with Article … of Financial Services Authority Regulation Number …. concerning Report on Ownership or Any Change in Ownership of Shares of Public Companies and Activities of Pledging Shares of Public Companies, report that I have owned shares of a Public Company with the following details:

1. Name of the Public Company's shares

2. Number of shares and percentage
   of share ownership with voting rights before and after transaction Before After Number of Shares: Number of Shares:
   Voting Rights Percentage*): Voting Rights Percentage*):

3. Type of transaction conducted 1. Purchase;

4. Sale;

5. Exercise of Equity Securities );

6. Gift;

7. Inheritance;

8. Execution of shares of a Public Company
   that are pledged;

9. Others: …
   Is the purchase or sale transaction a repurchase agreement transaction?
   Yes
   No
   Number of Equity
   Securities not yet exercised:
   End date of exercise period:

10. Number of shares purchased, sold,
    or transferred

11. Share classification ordinary shares
    shares with multiple voting rights

12. Purchase or sale price
    per share

13. Transaction date *)

14. Purpose of the transaction

15. Ownership status (direct or
    indirect)
    Direct
    Indirect ), through …

16. Controller information Yes
    If Yes, will you maintain control?
    Yes
    No
    No

17. Name of the shareholder who
    grants power of attorney to report, if the share ownership report is authorized

18. Information regarding details of members
    of an organized group, if it is a share ownership report by an organized group *) ……………………………………… (clear name and signature)

EXPLANATION OF FILLING OUT THE REPORT FORM ON OWNERSHIP OR ANY CHANGE IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES *) : 1. Voting rights percentage takes into account multiple voting rights, if the reporting shareholder holds shares with multiple voting rights.
2. Calculation of voting rights percentage does not take into account
treasury shares.
) : Additional information on the number of Equity Securities not yet exercised and the end date of the exercise period *) : In the event that the transaction is conducted on more than one date, details of the transaction for each date should be provided. ) : Filled with the name of the Party, whether individual or corporate, owning indirectly *) : Filled with information regarding details of the names of members of the organized group.

APPENDIX II
FINANCIAL SERVICES AUTHORITY REGULATION
NUMBER 4 OF 2024
CONCERNING
REPORT ON OWNERSHIP OR ANY CHANGE IN OWNERSHIP OF SHARES OF PUBLIC COMPANIES AND REPORT ON ACTIVITIES OF PLEDGING SHARES OF PUBLIC COMPANIES REPORT ON ACTIVITIES OF PLEDGING SHARES OF PUBLIC COMPANIES ………. (City), ………. (date, month, year) Number :
Attachment :
Subject :
To
The Executive Head of Capital Market, Derivative Financial and Carbon Exchange Supervision, Financial Services Authority in Jakarta I, whose signature is below:
Name : (name according to Single Investor Identification Number (SID)) Full Address : (full address according to SID) Phone number :
Nationality :
Email address :
in accordance with Article ….. of Financial Services Authority Regulation Number …. concerning Report on Ownership or Change in Ownership of Shares of Public Companies and Activities of Pledging Shares of Public Companies, report that I have pledged shares of a Public Company with the following details:

1. Name of the Public Company's shares
   pledged
2. Number of shares and percentage
   of ownership of shares of the Public
   Company that are pledged
3. Loan value with share guarantee
4. Type of transaction/event that
   causes a change in the number of pledged shares, if

This copy is in accordance with the original
Director of Legal Development
Legal Department
Aat Windradi there is a change in the number of pledged shares
5. Agreement date and duration
of the Pledging Activities of Shares
Agreement
6. Nature of affiliation relationship between Parties
conducting Pledging Activities of Shares of Public Companies, if there is an affiliation relationship ……………………………………… (clear name and signature) Determined in Jakarta on February 26, 2024 CHAIRMAN OF THE COMMISSIONERS BOARD FINANCIAL SERVICES AUTHORITY REPUBLIC OF INDONESIA, MAHENDRA SIREGAR signed signed