PTPP Holds Annual General Meeting of Shareholders for Fiscal Year 2025; Set Changes to the Articles of Association and Strengthen Business Strategy

JAKARTA - PT PP (Persero) Tbk (PTPP), a national construction and investment company under the auspices of Danantara Indonesia, has completed its annual obligations as an issuer in the Capital Market, namely the implementation of the Annual General Meeting of Shareholders (Annual General Meeting of Shareholders) for the 2025 Book Year today Tuesday, May 19, at the PTPP Jakarta Head Office.

In the Annual General Meeting of Shareholders for the 2025 Fiscal Year, the Company discussed and obtained approval for seven meeting agenda items, namely:

1. Approval of the Annual Report and Approval of the Consolidated Financial Statements of the Company, Approval of the Report of the Supervisory Board's Duties, and Approval of the Financial Statements of the Micro and Small Business Funding Program (PUMK) for the 2025 Fiscal Year, as well as the Payment of Payment and Full Release of Liability (volledig acquit et de charge to the Board of Directors for the management of the Company and the Board of Commissioners for the supervision of the Company that has been carried out during the 2025 Fiscal Year;

2. Appointment of Public Accountants and/or Public Accounting Firms to audit the Company's Consolidated Financial Statements and the PUMK Program Financial Statements for the 2026 Fiscal Year;

3. Determination of salaries/honorarium, facilities and benefits for the 2026 Fiscal Year and remuneration for performance in the 2025 Fiscal Year for the Company's Directors;

4. Delegation of authority to approve the Company's Long-Term Plan (RJPP) for 2026-2030 and the Company's Work Plan and Budget (RKAP) for 2027 and its amendments from the GMS to the GMS-designated party;

5. Delegation of authority to approve changes to the Pension Fund Regulation;

6. Changes to the Company's Articles of Association;

7. Change of the Company's Board of Directors.

In the 6th agenda related to the Amendment to the Company's Articles of Association, the Shareholders approved the transfer of Series B shares of 31,619,477 (three hundred and one million six hundred and ninety-nine thousand four hundred and seventy-seven) shares from PT Danantara Asset Management (Persero) to BP BUMN.

The Series B shares will then be converted into Series A Dwiwarna shares in order to fulfill the provisions of Article 2 paragraph (3) of Law Number 16 of 2025 concerning SOEs which stipulates that the State of the Republic of Indonesia has 1 percent (one percent) of Series A Dwiwarna shares in SOEs through the Head of BP BUMN.

Furthermore, at the 7th meeting, the Shareholders approved the change in the composition of the Company's board of directors. Thus, the composition of the Company's Board of Commissioners and Board of Directors is as follows:

Board of Commissioners- Chairman of the Board of Commissioners / Independent Commissioner: Dhony Rahajoe- Commissioner: Setya Nugraha- Commissioner: Aisyah Zakiyyah- Commissioner: Giri Suprapdiono- Independent Commissioner: Tjia Marwan- Independent Commissioner: Ain Rika Armina

Board of Directors - President Director: Novel Arsyad - Financial Director: Faizal Rahmad - Director of Risk Management & Legal: Tommy Wiranata A - Corporate Strategy and HCM Director: I Gede Upeksa Negara - Director of Infrastructure Operations: Yul Ari Pramuraharjo - Director of Building Operations: Yuyus Juarsa

The Company expresses its appreciation and thanks for the dedication and contribution of the previous board of directors in supporting the transformation and development of the Company's business during the term of office.

Throughout the 2025 Fiscal Year, PTPP managed to record a new contract value of IDR 24.95 trillion. Based on the source of funding, the composition of the Company's new contract acquisition consists of 45% government projects, 35% SOEs projects, and 20% private projects.

In terms of business segmentation, the largest contribution comes from the building sector of 35%, roads and bridges 16%, mining 12%, power plants 11%, ports 10%, irrigation 6%, dams 4%, oil and gas 3%, industry 2%, and airports 1%.

Some projects with the largest contribution to the Company's new contract acquisition include the Batam PLTGU project, New Priok East Access Phase II, Itacha 2 - Provision of Procurement & Construction for Haul Road, Tol Kataraja Phase 2, Fuel Pipeline Cikampek - Plumpang, DPD IKN Building, and the Karian Dam Construction Project - Serpong Water Conveyance System (KSCS) Package 1.

The representative of BP BUMN in the Annual General Meeting of Shareholders also expressed appreciation for the Company's performance throughout the 2025 Fiscal Year, especially for the Company's success in maintaining positive operating cash flow and reducing the Company's liabilities on an ongoing basis.

This achievement is considered to reflect the effectiveness of the strategy to strengthen the fundamentals of the business and the implementation of prudent financial management in the midst of the dynamics of the national construction industry.

In addition to recording positive operational performance, the Company also continues to strengthen the implementation of good corporate governance (Good Corporate Governance/GCG). Based on the results of the ASEAN Corporate Governance Scorecard (ACGS) assessment, PTPP managed to obtain an end score of 101.69 points and entered the "Leadership in Corporate Governance" or Level 5 (>100).

This achievement shows that the GCG practices implemented by the Company have exceeded the Level 1 assessment standard (ACGS Structure) and placed PTPP as one of the leading emitters in the implementation of good corporate governance based on the ACGS standard in Indonesia.

PTPP managed to book new contract value of IDR 6.88 trillion until April 2026. The new contract acquisition was dominated by projects with government funding of 82%, followed by state-owned enterprises of 10%, and private projects of 8%.

Based on business lines, the largest contribution comes from the Road and Bridge sector at 35%, Disaster Response at 26%, Hospital at 16%, Smelter and Mining at 10%, Building at 6%, Port at 3%, Water Resources at 3%, and Water Infrastructure at 2%.

One of the projects obtained by the Company in April 2026 which has the largest contribution to the contract value is the Construction of KSPEAN WANAM - MUTING Road Segment 1 with a contract value of IDR 1.77 trillion.

PTPP Corporate Secretary, Joko Raharjo, said that the Company will continue to be committed to maintaining sustainable operational and financial performance through the implementation of prudent business strategies, strengthening the company's fundamentals, and improving the implementation of good corporate governance.

"PTPP will continue to focus on the creation of sustainable added value through the optimization of project portfolios, improvement of operational excellence, and strengthening the Company's competitiveness in the midst of the dynamics of the national construction industry," said Joko Raharjo, Tuesday, May 19.

He also added that the Company is optimistic that it can maintain its performance growth by prioritizing the principles of prudence, optimal risk management, and the implementation of Good Corporate Governance (GCG) consistently across the Company's business lines.