Audit Committee

Based on the Decree of the Board of Commissioners No. 004/BBS-KOM/V/2023 dated 30 May 2023 concerning the Appointment of the Audit Committee, the Company has formed an Audit Committee in order to comply with POJK No. 55/2015, with the structure of the Audit Committee as follows :

Committee Chair
 : Shaleh Muhammad Al Jufri
Member
 : Muhammad Al’amin

: Sheila Nabila

The term of office for the composition of the Audit Committee & Corporate Governance (Corporate Governance) commences from 26 May 2023 to 26 May 2028 and be re-elected only for the next 1 (one) period, without prejudice to the Board of Commissioners' right to terminate at any time. In addition, the Company has established an Audit Committee Charter dated 29 May 2023, which was signed by the Company's Board of Commissioners. The duties, responsibilities, and authorities of the Company's Audit Committee are as follows :

Duties and responsibilities of the Audit Committee:
The Audit Committee has the task of assisting the Board of Commissioners in realizing a system and implementation of competent and independent supervision in the Company, including but not limited to the following:

1. Reviewing financial information issued by the Company to the public and/or authorities, including financial reports, projections, and other financial information related to the Company's financial information.
2. Reviewing the Company's compliance with laws and regulations relating to the Company's activities.
3. Provide independent opinion in the event of disagreements between management and accountants for the services rendered.
4. Provide recommendations to the Board of Commissioners regarding the appointment of an accountant based on independence, the scope of the assignment, and service fees.
5. Review/assess the implementation of audits by internal auditors and supervise the implementation of follow-ups by the Board of Directors on internal audit findings.
6. Providing reviews of the risk management implementation activities carried out by the Board of Directors, the Company does not have a risk monitoring function under the Board of Commissioners.
7. Review complaints relating to the accounting process and financial reporting of the Company.
8. Reviewing and providing advice to the Board of Commissioners regarding potential conflicts of interest in the Company.
9. Maintain the confidentiality of documents, data, and information of the Company.
Audit Committee Authorities:
In carrying out its duties, the Audit Committee is authorized to:
1. Access the Company's documents, data, and information regarding the required employees, funds, assets, and company resources.
2. Communicate directly with employees, including the Board of Directors and those who carry out the internal audit function, risk management, and accountants regarding the duties and responsibilities of the Audit Committee.
3. Involving independent parties outside the members of the Audit Committee who are needed to help carry out their duties (if needed).
4. Perform other powers assigned by the Board of Commissioners.
Work Mechanism
1. Meeting and their Implementation :

a. The audit Committee meeting is held at least 1 (one) time in 3 (three) months.

b. Audit Committee meetings can only be held if attended by more than ½ (one half) of the number of members.

c. The decision of the Audit Committee meeting is taken based on deliberation to reach a consensus, in this case, it cannot be fulfilled, then the decision is taken based on majority votes.

d. Each Audit Committee meeting is outlined in the minutes of the meeting, including any dissenting opinions, which are signed by all Audit Committee members present and submitted to the Board of Commissioners.
2. Reporting :

a. The Audit Committee is obliged to make a report to the Board of Commissioners on each given assignment.

b. The Audit Committee is required to prepare an annual report on the implementation of the Audit Committee's activities which is disclosed in the Company's Annual Report.

c. The Audit Committee must submit information to the Financial Services Authority regarding the appointment and dismissal of the Audit Committee no later than 2 (two) working days after the appointment or dismissal and announced on the Indonesia Stock Exchange website.
Work mechanism
1. Meetings and their Implementation :

a. Audit Committee meetings are held at last 1 (one) time in 3 (three) months.

b. Audit Committee Meetings can only be held if attended by more than ½ (one half) of the number of members.

c. The decision of the Audit Committee meeting is taken based on deliberation to reach a cosensus, int this case it cannot be fulfilled, then the decision is taken based on majority votes.

d. Each Audit Committee meeting is outlined in the minutes of the meeting including any dissenting opinions, which are signed by all Audit Committee members present and submitted to the Board of Commissioners.
2. Reporting :

a. The Audit Committee is obliged to make a report to the Board of Commissioners on each given assignment.

b. The Audit Committee is required to prepare an annual report on the implementation of the Audit Committee's activities which is disclosed in the Company's Annual Report.

c. The Audit Committee must submit information to the Financial Service Authority regarding the appointment and dismissal of the Audit Committee no later than 2 (two) working days after the appointment or dismissal and announced on the Indonesia Stock Exchange website.