Dividend Policy

The distribution of the Company’s final dividend is determined by the Board of Directors with approval from the Board of Commissioners and proposed at the time of the GMS. Meanwhile, the distribution of the Company’s interim dividends is determined by the Board of Directors with approval from the Board of Commissioners, without needing approval from the GMS, and carried out in accordance with the applicable laws and regulations without prejudice to the rights of the Shareholders. Dividend is distributed in consideration of the Company’s net profit, financial condition, liquidity, and capital expenditure.

Meanwhile, the Company’s dividend distribution amount is determined based on Law No. 40/2007 on Public Companies. Based on the regulation, the Company must set aside a certain amount of net profit in each period for reserves in the event that the Company has positive retained earnings. The provision must at least reach 20% of the total issued and fully paid share capital. Thus, the realization and target of the Company’s dividend distribution amount should be pursued in accordance with these regulations.