The Annual General Meeting Of the Shareholders (AGMOS)

On May 18, 2017 AGMOS was held at Company’s Representative Office in Jakarta. The meeting was attended by representative of the Company’s shareholders, Board of Commissioners and Board of Directors as well as several Company’s Executives and guests.

The AGMOS discussed the report to the shareholders on the program and activities throughout year 2016 together with audited financial report for the period ended on December 31, 2016. The shareholders approved the implementation of program, activities and financial report which accordingly an acquit et de charge was given to the Company’s Board of Directors

This AGMOS was held after the Company’s share transfer from Dana Pensiun Pupuk Kalimantan Timur (DPPKT) and Yayasan Kesejahteraan Hari Tua Pupuk Kaltim (YKHT) to Mr. Marihad Simbolon.

For the purpose of investment portfolio management, both Dana Pensiun Pupuk Kalimantan Timur (DPPKT) and Yayasan Kesejahteraan Hari Tua Pupuk Kaltim (YKHT) released their respectively 5% of Company’s shares to Mr. Marihad Simbolon referring to Sale and Purchase Deeds No. 20 dated May 15, 2017 and No. 23 dated May 16, 2017 made before Notary Esther Mercia Sulaiman.

Accordingly, as of May 16, 2017 the Company’s shares with immediate effect owned by PT Parna Raya with 90% shares and Mr. Marihad Simbolon with 10% shares.

With such shares ownership composition, the Company is determined to continue its operation and activities by prioritizing safety and continuously contribute to the petrochemical industry in Indonesia.