Erajaya

Jakarta, 30 June 2023 – PT Erajaya Swasembada Tbk ("Company") held an Annual General Meeting of Shareholders ("Meeting") today with several agendas, including:

AGMS

1. Approval on the Company’s Annual & Sustainability Report for the financial year 2022 and ratification of the Company's Consolidated Financial Statements for the financial year ended December 31, 2022.
2. Approval on determination of the use of the Company’s net profit for the the financial year ended December 31, 2022.
3. Approval for granting the authority to the Company’s Boards of Commissioners to appointment of Public Accountant and/or Public Accounting Firm to audit the Company’s Financial Statements for the Fiscal Year 2023 and the determination of honorarium of Public Accountant Firm and other requirements.
4. Determination of Salaries and Allowances of the Members of the Board of Commissioners of the Company, and Delegation of Authorities to the Board of Commissioners to Determine Remuneration, and any other Allowances of the Board of Directors in 2023.
5. Approval of the changes in the composition of the Company’s management.

The Company's Annual General Meeting of Shareholders approved the determination of the use of profit, profit for the year attributable to owners of the parent entity in the amount of IDR 1,012,872,952,998 (one trillion twelve billion eight hundred seventy two million nine hundred fifty two thousand nine hundred ninety eight rupiah). To the owner of the Company's parent entity, with a proposal approved by the GMS as follows:

1. Distribution of cash dividends of IDR 19 (nineteen Rupiah) per share, for a total of IDR 299,886,213,100 (two hundred ninety-nine billion eight hundred eighty-six million two hundred thirteen thousand one hundred Rupiah) before tax, to be paid for 15,783,484,900 shares, and authorizes the Board of Directors to take all dividend distribution actions.
2. IDR 1,000,000,000 (one billion Rupiah) as a reserve in compliance with Article 70 of the Limited Liability Company Law; and
3. The remainder is included as retained earnings.

The new composition of the Company's Management was appointed at the AGMS

The Company's Annual GMS approved the appointment of Andreas Harun Djumadi as Commissioner and Elly as Director, as well as the new composition of the Company's Board of Directors and Board of Commissioners from the closing of this Meeting until the closing of the Company's Annual GMS for the fiscal year 2026, which will be held in 2027, as follows:

Board of Commissioners

Board of Directors

The Company's Performance

Throughout 2022, the Company managed to record Net Sales of IDR 49.5 trillion, with profit attributable to parent entity reaching IDR 1.0 trillion. As of December 31, 2022, the Company had 1,689 retail outlets spread nationally and internationally in Singapore and Malaysia, supported by 89 distribution centers and around 66,200 third-party retailers.

Continued in the first quarter of 2023, the Company's Net Sales grew by 29% to IDR 14.8 trillion compared to IDR 11.5 trillion in the same period in 2022. One of these accomplishments was made possible by an aggressive store expansion strategy, which resulted in the opening of 194 new stores by March 31, 2023. This strategy also increased gross profit by 24% to IDR 1.6 trillion compared to IDR 1.3 trillion in the first quarter of 2022, but it also caused higher operating expenses, particularly rental and salary expenses, resulting in lower profit for the year attributable to parent entity owners to Rp239 billion.

Until the end of the first quarter of 2023, through its four business verticals namely Erajaya Digital, Erajaya Active Lifestyle, Erajaya Food & Nourishment and Erajaya Beauty & Wellness, the Company had 1,849 retail outlets spread nationally and internationally in Singapore and Malaysia, supported by 95 distribution centers, and around 67,100 third-party retailers. The Company will continue to develop existing business lines while also exploring new business opportunities for future growth.