GMS Introduction

ITM held the Annual General Meeting of Shareholders (AGMS) within 3 months after the end of the fiscal year.

The AGMS is held in accordance with the arrangements in the Articles of Association, Limited Liability Company Act, as well as the Financial Services Authority (Otoritas Jasa Keuangan) and the Indonesia Stock Exchange.

In order to fulfill the rules of the Articles of Association, notice to shareholders regarding AGMS is given at leat 32 days before the date of the AGMS. To encourage or increase the level of attendance of shareholders at the Annual and Extraordinary GMS, the Company publishes the date of the eventon the Company's website in addition to publication in national daily newspaper. The publication also contains procedures and proxy forms proxies in case shareholders are unable to attend the shareholders' meeting and wish to be represented. Thus, it can facilitate and enhance the voting of all shareholders equally. In organizing the GMS, at the end of the agenda the shareholders are invited to submit questions or give input on the concerned agenda

In general, decisions made in the AGMS have to do with request for approval of the financial statements and annual reports as part of theBoard of Directors and Board of Commissioners’ accountability for the company. Other regular agendas include requests for AGMS approval of Board compensation and appointment of public accountants, and if necessary the appointment of members of the Board of Directors and / or the Board of Commissioners in accordance with the provisions of the Articles of Association at the end of the period of service or if they retire or resign before their term of office expires. Besides the above agendas, the company also reports usage of remaining IPO funds so long as any remain, an action that does not require the approval of the AGMS.