First AGMS, MR. DIY Decides Not To Divide Dividends

JAKARTA - the use of Yasa Tbk or MR.D.IY Indonesia (emitenan code: MDIY) decided not to distribute dividends from net profit in 2024 at the Annual General Meeting of Shareholders (AGMS) which was held by the company for the first time.

Shareholders in the MDIY AGMS agreed to allocate 11.73 percent of the 2024 net profit as mandatory reserves and the remaining 88.27 percent were designated as retained earnings. For information, MDIY posted a net profit of IDR 1.07 trillion in 2024.

"With the trust of shareholders, MR.D.I.Y will continue to build a solid foundation for a sustainable growth strategy," said MR.D.I.Y Indonesia President Director Edwin Cheah quoting Antara.

Edwin said the company is committed to continuing to provide consistent value for customers, business partners, and all stakeholders, supported by careful financial calculations, leadership excellence, and a measurable expansion strategy.

The AGMS also reviewed the realization of the use of funds from the company's initial public offering (IPO) on December 31, 2024, in accordance with the Financial Services Authority Regulation (OJK) No. 30/POJK.04/2015.

According to the company, the allocation of responsible net profit as well as the 2024 Fiscal Year Annual Report submitted and approved in the AGMS reflects prudent financial management and is committed to transparency.

To strengthen the company's governance structure, the AGMS approved the appointment of Loh Kok Leong as the company's commissioner. Loh has more than two decades of leadership experience, including as Partner and Managing Director of Boston Consulting Group (BCG).

"His experience in transformation and strategic growth in Southeast Asia will strengthen the company's supervisory capabilities and support a balanced and visionary approach in long-term expansion and value creation for all stakeholders," said Edwin.

Since the closing of the MDIY AGMS, the composition of the board of commissioners and directors of the company has become as follows:

Board of Commissioners

President Commissioner: Ong Chu Jin AdrianCommissioner: Darwin Cyril NoerhadiCommissioner: Loh Kok LeongIndependent Commissioner: Istini Tatiek SiddhartaIndependent Commissioner: Loo Chong Peng

Directors

President Director: Edwin Cheah Yew HongDirector: Rika Juniaty TanzilDirector: Frida Herlina Marpaung Director: Hendra Kurniawan Director: Michael

In terms of governance and accountability, the AGMS also gave the authority to the board of commissioners to appoint independent public accountants and public accounting firms (KAP) with global networks and good track records in auditing open companies.

This decision, according to MDIY, reinforces the company's focus on strategic operational scalability and governance.

Shareholders also grant full responsibility (acquit et de charge) to the board of directors and board of commissioners for the implementation of management and supervision tasks during 2024, as reflected in the consolidated financial statements that have been audited.