PT United Tractors Tbk Distributes Rp2.4 Trilion Cash Dividend for Financial Year 2020

09 April 2021 – Jakarta

JAKARTA: On Friday, 09 April 2021, United Tractors (“UT/ the Company”) conducted the 2021 Annual General Meeting of Shareholders (“AGMS”) at Catur Dharma Hall Menara Astra, Jakarta.

The AGMS adopted the resolutions in brief as follows:

1. Approved the Annual Report for the Financial Year 2020, including the ratification of the Supervisory Report of Board of Commissioners and ratification of the Consolidated Financial Statements of the Company and Subsidiaries for the Financial Year 2020 audited by the Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Rekan, as stated in its report dated 19 February 2021, rendering fair opinion in all material respects.

2. Approved the utilization of profits of Rp6.0 trillion as follows:

• • to distribute as a cash dividend Rp644 per share or equal to the total amount of Rp2.4 trilion, including the interim dividend in the amount of Rp171 per share or equal to the total amount of Rp637 billion, has been paid on 20 October 2020, whereas the remaining amount of Rp473 per share or equal to the total amount of Rp1.8 trillion will be distributed to each shareholder (whose names are listed in the shareholders registry on 21 April 2021 at 04.00 PM IWT) on 11 May 2021,
  • the remaining amount shall be recorded as retained earnings.

3. a. Appointed member of the Board of Commissioners of the Company for the term of office 2021-2023, as follows:

President Commissioner : Mr. Djony Bunarto Tjondro
Vice President Commissioner : Mr. Gidion Hasan
Commissioner : Mr. Djoko Pranoto Santoso
Commissioner : Mr. Benjamin Herrenden Birks
Independent Commissioner : Mr. Paulus Bambang Widjanarko
Independent Commissioner : Mr. Nanan Soekarna

b. Appointed member of the Board of Directors of the Company for the term of office 2021-2023, as follows:

President Director : Mr. Frans Kesuma
Director : Mr. Iman Nurwahyu
Director : Mr. Loudy Irwanto
Director : Mr. Iwan Hadiantoro
Director : Mr. Idot Supriadi
Director : Mr. Edhie Sarwono

4. Authorized the Board of Commissioners of the Company to determine the amount of remuneration and allowances of the Board of Directors, by taking into consideration the recommendation of the Nomination and Remuneration Committee of the Company; and approved the determination salary or honorarium and allowances od the Board of Commissioners of the Company for the year 2021-2022.

5. Appointed Public Accountant Firm Tanudiredja, Wibisana, Rintis & Rekan one of the public accounting firms in Indonesia, registered in the Financial Services Authority to audit the Consolidated Financial Statements of the Company and Subsidiaries for the financial year of 2021.

6. Approved the amendment of the Articles of Association of the Company regarding to comply with the Regulation of Financial Services Authority No. 15/POJK.04/2020 regarding the General Meetings of Shareholders of Public Companies and Regulation of Financial Services Authority No. 16/POJK.04/2020 regarding the implementation of the General Meetings of Shareholders of Public Companies Electronically.

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