GCG Principles

The corporate governance principles applied by the company are:

1. Transparency

Transparency entails openness in decision-making processes and the provision of relevant material information to the company. In conducting business, the company must ensure that material and relevant information is easily accessible and understood by stakeholders. Corporate policy decisions should be documented and effectively communicated to stakeholders in proportion to their significance.

2. Accountability

This includes clarity of functions, implementation, and responsibility of corporate organs to ensure effective company management. The company believes that accountability is linked to the presence of a system that regulates relationships within the company, as well as relationships between the company and stakeholders. Corporate accountability is essential as a solution to address issues stemming from differences between individual interests, company interests, and stakeholder interests. The company recognizes three levels of accountability:

• Individual Accountability refers to the accountability relationship between superiors and subordinates that applies to both parties, whether they have authority or are assigned by shareholders.
• Team Accountability refers to the joint accountability of a workgroup for the achieved performance conditions.
• Corporate Accountability refers to the company's accountability in carrying out its role as a business entity.

3. Responsibility

This refers to compliance with applicable laws and regulations, as well as principles of good corporate governance and healthy business ethics in managing the Company. Responsibility is the Company's commitment to always uphold good corporate governance practices.

4. Independence

The company is managed professionally without any conflict of interest and free from influence or pressure from any party that contradicts applicable laws, regulations, and principles of sound corporate governance. Independence is essential to ensure that Corporate Organs can fulfill their duties properly and make the best decisions for the Company while always respecting the rights, obligations, duties, responsibilities, and authorities of each Corporate Organ.

5. Fairness

This entails fairness and equality in fulfilling the rights of stakeholders according to agreements and applicable laws and regulations. The company ensures that every shareholder and stakeholder receives equitable treatment and can exercise their rights in accordance with applicable laws and regulations.