Alumindo Light Metal Industry Tbk

Investor Relations

NEWS and ANNOUCEMENT

Monday, Jul 01 2019

Announcement of Summary of Minutes of The Annual General Meeting of Shareholders

It is hereby announced that PT Alumindo Light Metal Industry Tbk ("Company") has convened the Annual General Meeting of Shareholders ("Meeting”) on Thursday, June 27, 2019, at Quest Hotel - Ruang Ronggolawe III – Lt. 1, Jl. Ronggolawe No.27 - 29, Surabaya , as follows:

Members of Board of Directors and Board of Commissioners in attendance:
Board of Commissioners : Board of Directors :
Welly Muliawan (President Commisioner)   Alim Markus (President Director)
Supranoto Dipokusumo (Independent Commisioner)   Alim Prakasa (Director)
      Wibowo Suryadinata (Director)
      Soefianto Djunaedi (Director)

Agenda of the Meeting:
  1. To approve the Directors’ Report of the Company concerning the Company's business operational and the Supervisory Report of the Board of Commissioners -for the fiscal year 2018, and the approval of Annual Report and Audited Financial Statements for the fiscal year 2018.
  2. To determine the use of the Company's Profit for the fiscal year 2018.
  3. To determine the Remuneration of the Board of Commissioners and Board of Directors’ members of the Company.
  4. To determine the Public Accountant for the fiscal year 2018, and to authorize the Board of Directors to determine the amount of honorarium.
  5. To authorize the Board of Directors of the Company to pledge the Company's assets, in order to obtain loans and/or provide Corporate Guarantee, in accordance with applicable regulations.
  6. To authorize the Board of Directors of the Company in obtaining and/or granting loans from and/or to related parties, to increase the effectiveness and efficiency of the Company funds allocation for operational purposes, in accordance with applicable regulations.
  7. Adjustment of Article 3 of the Articles of Association of the Company to align the Purpose and Objectives and Business Activities of the Company with the Standard Classification of Indonesian Business Fields (KBLI 2017).

Notes:
  1. The meeting was opened at 13:14 pm and closed at 14:09 Western Indonesia Time by Independent Commissioner, Supranoto Dipokusumo, as Chairman of the Meeting.
  2. Number of shares with voting rights in attendance: 518.645.600 shares (84.20%) The number of shares has met the quorum of attendance and quorum of the Meeting decision.
  3. The shareholders and/or their proxies were given the opportunity to ask questions and/or provide opinions related to the agenda of the Meeting. There were no recommendations from the shareholders present or represented, in relation to the agenda of the Meeting.
  4. The decision making mechanism of the Meeting is conducted by way of deliberation for consensus. If deliberations for consensus is not reached, then voting will be held. All agendas have been understood and approved by the shareholders and / or their proxies through consensus, so there were no agenda decided by way of voting.

Meeting Decision:
Meeting unanimously accepted and approved:
  1. Board of Directors’ Report of the Company regarding the Company's business activities as well as the Supervisory Report of the for the fiscal year 2018. In this regard, the Meeting granted a full release and discharge of responsibility (acquit et decharge) to the Board of Commissioners and Directors for all their conducts in 2018, as long as their actions are reflected in the Company's reports, except for embezzlement, fraud and other criminal acts, and subsequently, the Meetings approved and ratify the Annual Report and Audited Financial Report of 2018.
  2. Approved the use of Profit of the Current Year 2018 amounting to Rp 6.544.635.062 (Six Billion Five Hundred Forty-Four Million Six Hundred Thirty Five Thousand Sixty Two Rupiah) - to be recorded entirely in the Retained Earnings, as part of the Company's capital structure.
  3. Granted authority to the Controlling Shareholder, with regard to the Board of Commissioners recommendation, to determine the structure and amount of remuneration for each member of the Board of Commissioners and Board of Directors of the Company, with implementation in January of the relevant year, and to complete other requirements related to this implementation.
    1. Approved to appoint Public Accountant Mrs. Titik Elsje Dwiyanti, CPA, with Public Accountant number AP.1187 from the Accounting Firm of Paul, Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partners, as Public Accountant and independent institution to audit the Company's Financial Statements for the financial year ended on December 31, 2019.
    2. Approved to provide authority to the Board of Directors of the Company to determine the Public Accountant's honorarium and other requirements.
  4. Approved to authorize the Board of Directors to pledge the Company's assets, if necessary, in order to obtain extension of the matured loan facility or obtain new loan facility and/or provide Corporate Guarantee with the approval of the Board of Commissioners, with validity period up to a new decision of the next Annual General Meeting of Shareholders.
  5. Approved to authorize the Board of Directors of the Company with the approval of the Board of Commissioners, in the event of obtaining and/or providing loans from and / or to the Parties, provided that the terms and conditions of interest are in accordance with existing market conditions, until the next Annual General Meeting of Shareholders decision.
  6. Adjustment of Article 3 of the Articles of Association of the Company to align the Purpose and Objectives and Business Activities of the Company with the Standard Classification of Indonesian Business Fields (KBLI 2017).
    1. The purpose and objective of the Company as follows:
      Doing business in the field of industry and trade related to aluminum.
    2. To achieve the aforementioned purposes and objectives, the Company will carry out Business Activities as follows:
      1. Manufacture of Non-Iron Base Metals (KBLI-24202)
        Includes business purification, smelting, integration and pouring of non-ferrous metals in basic forms (ingots, billets, slabs, rods, pellets, blocks, sheets, pigs, alloys and powders).
      2. Non-Iron Metal Milling Industry (KBLI - 24203)
        Includes milling of non-ferrous metals, both hot milling and cold milling.
      3. Non-Iron and Steel Metal Casting Industry (KBLI - 24320)
        Includes smelting, integration and casting or pouring of non-ferrous metals in basic forms.
      4. Large Trade of Metal and Metal Ore (KBLI -46620)
        Includes business of trading large quantities of metal ore and base metals.
      5. Metal Recycling (KBLI - 38301)
        Includes business of processing used goods from metals and metal scraps into secondary raw materials.
      6. Trade in Scrap used goods and scrap (KBLI-46697)
        Includes business of trading used and used waste and scrap metal and non-metallic materials for recycling.


Sidoarjo, July 1, 2019
Board of Directors PT Alumindo Light Metal Industry Tbk


Wednesday, May 29 2019

Invitation to The Annual General Meeting of Shareholders

The Board of Directors of PT Alumindo Light Metal Industry Tbk ("the Company") hereby invites all the Company's Shareholders to attend the Annual General Meeting of Shareholders ("Meeting"), to be held on:
Date : Thursday, June 27, 2019
Time : 13.30 PM – finished (Registration starts at 13.00 PM)
Venue : Quest Hotel Ruang Ronggolawe III – Lt. 1 Jl. Ronggolawe No.27 - 29, Surabaya

Agenda of the Meeting:
  1. To approve the Directors’ Report of the Company concerning the Company's business operational and the Supervisory Report of the Board of Commissioners -for the fiscal year 2018, and the approval of 2018 Annual Report and Audited Financial Statement.
  2. To determine the use of the Company's Profit for the fiscal year 2018
  3. To determine the Remuneration of the Board of Commissioners and Board of Directors’ members of the Company.
  4. To determine the Public Accountant for the fiscal year 2019, and to authorize the Board of Directors to determine the amount of honorarium.
  5. To authorize the Board of Directors of the Company to pledge the Company's assets, in order to obtain loans and/or provide Corporate Guarantee, in accordance with applicable regulations.
  6. To authorize the Board of Directors of the Company in obtaining and/or granting loans from and/or to related parties, to increase the effectiveness and efficiency of the Company funds allocation for operational purposes, in accordance with applicable regulations.
  7. Adjustment of Article 3 of the Articles of Association of the Company to align the Purpose and Objectives and Business Activities of the Company with the Standard Classification of Indonesian Business Fields (KBLI 2017).


Explanation of the Annual General Meeting of Shareholders:
  1. The 1st to 6th Agendas are routine Agendas held in each of the Company's AGMS in accordance to the Company's Articles of Association and POJK number 32 / POJK-04/2014 along with the amendments.
  2. The 7th Agenda was scheduled in connection with Government Regulation Number 24 of 2018 concerning Electronic Integrated Licensing Services, followed by a Joint Announcement from the Indonesian Ministry of Law and Human Rights (Cq Director General of General Legal Administration) and the Indonesian Coordinating Ministry for Economic Affairs (Cq. OSS Institute - Online Single Submission) dated October 11, 2018 concerning the obligation to amend the Articles of Association of Article 3 concerning "Purpose and Objectives and Business Activities" to conform with KBLI in 2017.


Note:
  1. This announcement constitutes an official invitation to all Shareholders of the Company
  2. The Shareholders and/or Proxies who are entitled to attend the Meeting are those whose names are registered in the Company Shareholder List as maintained by the Share Registrar (DPS) of the Company on May 28, 2019, at 16.30 (WIB) Western Indonesia Time, whether or not in Collective Custody.
  3. Shareholders who are not able to attend the Meeting in person may appoint proxies who must provide a legitimate Power of Attorney Letter with the condition that any members of the Board of Directors, Board of Commissioners and the Company’s employees may act as the Shareholder's proxies in the Meeting, but their votes shall not be included in the total number of Votes cast during the Meeting. The Power of Attorney form can be obtained during regular office hours at the Company's office at Jalan Kembang Jepun No. 38-40, Surabaya 60162.
  4. The Shareholders and/or their proxies are required to submit a valid copy of the Identity Card (KTP) or other valid identification documents before entering the Meeting room. For Shareholders who represent companies must provide a copy of Articles of Association and latest amendments, including the latest composition of the Board of Commisioners and Directors.
  5. The materials to be discussed in the meeting and the Company's Annual Report 2018 are available on the Company's website and office, and can be obtained by written request from the shareholders.
  6. The Shareholders or their proxies are requested to be present before the Meeting begins.


Surabaya, May 29, 2019
Board of Directors of PT Alumindo Light Metal Industry Tbk


Tuesday, May 14 2019

Announcement To Shareholders: "Annual General Meeting Of Shareholders"

We hereby annouce tol all Shareholders of PT Alumindo Light Metal Industry Tbk (hereinafter referred to as "the Company"), domiciled in Sidoarjo, East Java, that the Company will hold the Annual General Meeting of Shareholders ("Meeting") on Thursday, June 27, 2019, located in Surabaya.

Referring to the Regulation of Financial Services Authority No 32/POJK.04/2014 concerning Plan and Implementation of General Meeting of Shareholders, Invitation of the Meeting and its agenda shall be announced in a daily newspaper and the Company’s website on Wednesday, May 29, 2019.

Those entitled to attend or to be represented in the Meeting are the Shareholders whose names are registered in the Shareholder Registration on May 28, 2019, until 16.00 PM.

Any proposal from Shareholders may be included in the agenda of the Meeting - if it is complied with the provisions of Article 12 POJK No 32/POJK.04/2014 and must be received by the Board of Directors no later than 7 (seven) days prior to the date of the Meeting Invitation.

Surabaya, May 14, 2019
Board of Directors of PT Alumindo Light Metal Industry Tbk


Tuesday, October 02 2018

Announcement on Corporate Secretary Changes

Referring to the Regulation of the Financial Services Authority (OJK) No. 35/POJK.04/ 2014 concerning the Corporate Secretary of the Issuer or Public Company, we hereby inform that the Directors of PT Alumindo Light Metal Industry Tbk (the Company) have appointed:
EKA BUDI PRASETYA
to serve as the Corporate Secretary of the Company, succeeding Melynda Prayogo, starting September 28, 2018.


Thursday, July 03 2018

Summary of Minutes of the Annual General Meeting of Shareholders

It is hereby announced that PT Alumindo Light Metal Industry Tbk ("Company") has convened the Annual General Meeting of Shareholders ("Meeting”) on Friday, June 29, 2018, at Sky Ballroom - Fave Hotel-MEX , Jl. Pregolan 1, Surabaya:

Members of Board of Directors and Board of Commissioners in attendance:
Board of Commissioners:
  • Drs. Supranoto Dipokusumo : Independent Commissioner
  • Lim, Budiprajogo Limanto : Independent Commissioner

Board of Directors :
  • Alim Markus : President Director
  • Alim Prakasa : Director
  • Welly Muliawan, Lie : Director
  • Tjoe, Soefianto Djunaedi : Director

Agenda of the Meeting:
  1. To approve the Directors’ Report of the Company concerning the Company's business operational and the Supervisory Report of the Board of Commissioners -for the fiscal year 2017, and the approval of Annual Report and Audited Financial Statements for the fiscal year 2017.
  2. To determine the use of the Company's Profit for the fiscal year 2017
  3. To determine the Remuneration of the Board of Commissioners and Board of Directors’ member of the Company.
  4. To determine the Public Accountant for the fiscal year 2018, and to authorize the Board of Directors to determine the amount of honorarium.
  5. To authorize the Board of Directors of the Company to pledge the Company's assets, in order to obtain loans and/or provide Corporate Guarantee, in accordance with applicable regulations.
  6. To authorize the Board of Directors of the Company in obtaining and/or granting loans from and/or to related parties, to increase the effectiveness and efficiency of the Company funds allocation for operational purposes, in accordance with applicable regulations.
  7. To approve the changes on the Company Directors and Board of Commissioners composition.

Note :
The meeting was opened at 14:44 and closed at 15:46 Western Indonesia Time by Independent Commissioner, Supranoto Dipokusumo, as Chairman of the Meeting.
  1. Number of shares with voting rights in attendance: 530,151,810 shares (86.06%). The number of shares has met the quorum of attendance and quorum of the Meeting decision.
  2. The shareholders and/or their proxies are given the opportunity to ask questions and/or provide opinions related to the agenda of the Meeting. There were no recommendations from the shareholders present or represented, in relation to the agenda of the Meeting.
  3. The decision making mechanism of the Meeting is conducted by way of deliberation for consensus. If deliberations for consensus is not reached, then voting will be held. All agendas have been understood and approved by the shareholders and / or their proxies through consensus, so there were no agenda decided by way of voting.

Meeting Decision:
Meeting unanimously accepted and approved:
  1. Directors’ Report of the Company concerning the Company's business activities as well as the Supervisory Report of the Board of Commissioners for the fiscal year 2017. In this regard, the Meeting granted a full release and discharge of responsibility (acquit et decharge) to the Board of Commissioners and Directors for all their conducts in 2017, as long as their actions are reflected in the Company's reports, except for embezzlement, fraud and other criminal acts, and subsequently, the Meetings approved and ratify the Annual Report and Audited Financial Report of 2017.
  2. Approved the use of Profit of the Current Year 2017 amounting to Rp 8,446,455,684.- to be recorded entirely in the Retained Earnings, as part of the Company's capital structure.
  3. Granted authority to the Controlling Shareholder, with regard to the Board of Commissioners recommendation, to determine the structure and amount of remuneration for each member of the Board of Commissioners and Board of Directors of the Company, with implementation in January of the relevant year, and to complete other requirements related to this implementation.
    1. Approved to appoint Public Accountant Mrs. Titik Elsje Dwiyanti, CPA, with Public Accountant number AP.1187 from the Accounting Firm of Paul, Hadiwinata, Hidajat, Arsono, Retno, Palilingan & Partners, as Public Accountant and independent institution to audit the Company's Financial Statements for the financial year ended on December 31, 2018.
    2. Approved to provide authority to the Board of Directors of the Company to determine the Public Accountant's honorarium and other requirements.
  4. Approved to authorize the Board of Directors to pledge the Company's assets, if necessary, in order to obtain extension of the matured loan facility or obtain new loan facility and/or provide Corporate Guarantee with the approval of the Board of Commissioners, with validity period up to a new decision of the next Annual General Meeting of Shareholders.
  5. Approved to authorize the Board of Directors of the Company with the approval of the Board of Commissioners, in the event of obtaining and/or providing loans from and / or to the Parties, provided that the terms, conditions, and interest rate are in accordance with existing market conditions, until the next Annual General Meeting of Shareholders decision.
  6. To Change the Composition of Board of Commissioners and Directors of the Company by:
    1. Accept the resignation of Lim, Budiprajoto Limanto from his position as Commissioner of the Company, and to grant a full release and discharge of responsibility (acquit et decharge) for his responsibility on the actions taken during his tenure, as long as reflected in the Company’s reports, except for embezzlement, fraud, and/or other criminal acts,
    2. To honorably dismiss Welly Muliawan, Lie from his position as Director of the Company, and to grant a full release and discharge of responsibility (acquit et decharge) for his responsibility on the actions taken during his tenure, as long as reflected in the Company’s reports, except for embezzlement, fraud, and/or other criminal acts, and to re-appoint Welly Muliawan, Lie as the President Commissioner of the Company,
    3. To appoint Wibowo Suryadinata, as Director of the Company.

    for the same Boards term of office as decided by the Annual General Shareholder Meeting in 2017; up to the closing of Annual General Meeting of Shareholders in 2020

The composition of the Company’s Board of Commissioners and Directors after the above decisions, is changed to

Board of Commissioners:
President Commissioner : Welly Muliawan, Lie
Commissioner : Gunardi, Go
Commissioner (Independent) : Drs. Supranoto Dipokusumo

Board of Directors:
President Director : Alim Markus
Director : Alim Mulia Sastra
Director : Alim Prakasa
Director : Wibowo Suryadinata
Director : Tjoe, Soefianto Djunaedi

This decision shall be made without prejudice to the right of the General Meeting of Shareholders to amend the Board of Commissioners and Directors of the Company at any time.

Surabaya, July 3, 2018
Board of Directors PT Alumindo Light Metal Industry Tbk

Thursday, June 28 2018

Information Disclosure Resignation of Board of Commissioners’ member of PT. Alumindo Light Metal Industry Tbk

Herewith PT. Alumindo Light Metal Industry Tbk announces the resignation of Mr. Lim, Budiprajogo Limanto from his position as a member of the Board of Commissioners of the Company, effective from the date of the General Meeting of Shareholders approval, which shall be held on June 29, 2018.


Surabaya, June 28, 2018
Board of Directors of the Company

Thursday, June 7 2018

Invitation to the Annual General Meeting of Shareholders

The Board of Directors of PT Alumindo Light Metal Industry Tbk ("the Company") hereby invites all the Company's Shareholders to attend the Annual General Meeting of Shareholders ("Meeting"), to be held on:

Date : Friday, June 29, 2018
Time : 14.30 PM - finished
Venue : Sky Ballroom, Fave Hotel - MEX Building, Lt. 7, Jl. Pregolan No. 1, Surabaya

Agenda of the Meeting :
  1. To approve the Directors’ Report of the Company concerning the Company's business operational and the Supervisory Report of the Board of Commissioners -for the fiscal year 2017, and the approval of 2017 Annual Report and Audited Financial Statement.
  2. To determine the use of the Company's Profit for the fiscal year 2017.
  3. To determine the Remuneration of the Board of Commissioners and Board of Directors’ members of the Company.
  4. To determine the Public Accountant for the fiscal year 2018, and to authorize the Board of Directors to determine the amount of honorarium.
  5. To authorize the Board of Directors of the Company to pledge the Company's assets, in order to obtain loans and/or provide Corporate Guarantee, in accordance with applicable regulations.
  6. To authorize the Board of Directors of the Company in obtaining and/or granting loans from and/or to related parties, to increase the effectiveness and efficiency of the Company funds allocation for operational purposes, in accordance with applicable regulations.
  7. To approve the changes on the Company Directors and Board of Commissioners composition.

Note :
  1. This announcement constitutes an official invitation to all Shareholders of the Company.
  2. The Shareholders and/or Proxies who are entitled to attend the Meeting are those whose names are registered in the Company Shareholder List as maintained by the Share Registrar (DPS) of the Company on June 6, 2018, at 16.00 Western Indonesia Time, whether or not in Collective Custody.
  3. Shareholders who are not able to attend the Meeting in person may appoint proxies who must provide a legitimate Power of Attorney Letter with the condition that any members of the Board of Directors, Board of Commissioners and the Company’s employees may act as the Shareholder's proxies in the Meeting, but their votes shall not be included in the total number of Votes cast during the Meeting.
  4. The Power of Attorney form can be obtained during regular office hours at the Company's office at Jalan Kembang Jepun No. 38-40, Surabaya 60162.
  5. The Shareholders and/or their proxies are required to submit a valid copy of the Identity Card (KTP) or other valid identification documents before entering the Meeting room. For Shareholders who represent companies must provide a copy of Articles of Association and latest amendments, including the latest composition of the Board of Commisioners and Directors.
  6. Information related to the agenda of the Meeting, Annual Report, Balance Sheet and the Income Statement for the fiscal year 2017, are available at the Company's office, and may be obtained by written request.
  7. The Shareholders or their proxies are requested to be present before the Meeting begins.


Surabaya, June 7, 2018
Board of Directors of PT Alumindo Light Metal Industry Tbk

Tuesday, May 22 2018

Announcement of the Annual General Meeting of Shareholders

We hereby annouce tol all Shareholders of PT Alumindo Light Metal Industry Tbk (hereinafter referred to as "the Company"), domiciled in Sidoarjo, East Java, that the Company will hold the Annual General Meeting of Shareholders ("Meeting") on Friday, June 29, 2018, located in Surabaya.

Referring to the Regulation of Financial Services Authority No 32/POJK.04/2014 concerning Plan and Implementation of General Meeting of Shareholders, Invitation of the Meeting and its agenda shall be announced in daily newspaper and the Company’s website on Thursday, June 7, 2018.

Those entitled to attend or to be represented in the Meeting are the Shareholders whose names are registered in the Shareholder Registration on June 6, 2018, until 16.00 PM.

Any proposal from Shareholders may be included in the agenda of the Meeting - if it is complied with the provisions of Article 12 POJK No 32/POJK.04/2014 and must be received by the Board of Directors no later than 7 (seven) days prior to the date of the Meeting Invitation.

Surabaya, May 22, 2018
Direksi PT Alumindo Light Metal Industry Tbk

Friday, October 13 2017

Audit Committee Members Change Notification

Referring to the Financial Services Authority Regulation Number 55 / POJK.04 / 2015 concerning the Establishment and Work Guidelines of the Audit Committee, we would like to inform that the Audit Committee of PT.Alumindo Light Metal Industry, Tbk. (The Company) has undergone the following changes:

Originally :
- Head : Lim, Budiprajogo Limanto
- Member : Heri Kustiyono Rudiantoro
- Member : Sali Adi Nugroho
Become :
- Head : Drs. Supranoto Dipokusumo
- Member : Bambang Sukristiono
- Member : Yuma Romansyah

We thank you for your kind attention.

Thursday, June 22 2017

NOTICE TO SHAREHOLDERS
SUMMARY OF THE MINUTES OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

It is hereby announced to all PT Alumindo Light Metal Industry Tbk ("the Company") Shareholders, that the Company has held an Annual General Meeting of Shareholders ("Meeting") on Tuesday, June 20, 2017, at the Sky Ballroom - Fave Hotel-MEX , Jl. Pregolan 1, Surabaya, as follows:

The Company Management present:
Directors
- Alim Markus (President Director)
- Alim Prakasa (Director)
- Welly Muliawan (Director)
- Soefianto Djunaedi (Director)
Board of Commissioners
- Supranoto Dipokusumo (Independent Commissioner)
- Budi Prajogo Limanto (Independent Commissioner)

Agenda of the Meeting:
  1. Approval of the Company's Directors 'Report on the Company's business activities as well as the Board of Commissioners' Supervision Report for the Fiscal Year 2016, and the audited ratification of the 2016 Annual Report and Financial Statements for the Fiscal Year.
  2. Determination of remuneration of members of the Board of Commissioners and Directors of the Company.
  3. Determination of Public Accountants for Fiscal Year 2017, and authorizes the Directors of the Company to determine the amount of honorarium along with other requirements.
  4. Granting authority to the Company's Directors in terms of pledging the Company's assets, in order to obtain loans and / or providing corporate guarantees.
  5. Granting authority to the Directors of the Company in terms of obtaining and / or providing loans from and / or to related parties in connection with increasing the effectiveness and efficiency of the allocation of funds for operational purposes.
  6. Approval of Changes in the Management Structure of the Company.

Note:
  1. The meeting was opened at 13:33 p.m. WIB and closed at Pkl. 14:37 WIB by an Independent Commissioner, Mr. SupranotoDipokusumo, as Chair of the Meeting.
  2. The number of shares with voting rights present: 527,072,300 shares (85.56%). The number of shares has met the quorum of attendance and quorum decisions.
  3. Shareholders and / or their proxies are given the opportunity to raise questions and / or provide opinions regarding the agenda of the Meeting. In the Meeting there were no proposals from the shareholders present or representing the agenda of the Meeting.
  4. The decision making mechanism of the Meeting is conducted by means of deliberation to reach consensus. If deliberations for consensus are not reached, then a vote is held. All the aforementioned agenda items have been understood and agreed by the shareholders and / or their proxies through musyarawah, so that no agenda was decided by voting method.

Meeting Decision:
  1. Reports of the Company's Directors regarding the Company's business activities as well as the Board of Commissioners' Supervision Report for the financial year 2016. In connection with this, the Meeting gives full relief and release of responsibilities (acquit et decharge) to the Board of Commissioners and Directors from their responsibility for actions taken in in 2016, as long as those actions appear in the Company's books, except fraud and fraud and other criminal acts and the Meeting approves and ratifies the audited Annual Report and Company Financial Statements for the 2016 financial year.
  2. Give authority to the Controlling Shareholders by taking into account the recommendations of the Board of Commissioners, to determine the structure and amount of remuneration for each member of the Board of Commissioners and Directors of the Company, whose implementation is in January of the year concerned, and to complete other requirements related to this matter.
  3. a. Determined to appoint Public Accountant Ms. TITIK ELSJE DWIYANTI, CPA, with the permission of Public Accountant number AP.1187 from the Accounting Office PAUL HADIWINATA, HIDAJAT, ARSONO, ACHMAD, SUHARLI &Rekan, as Public Accountants and independent institutions to conduct audits of the Company's Financial Statements for financial year ending 31 December 2017.
    b. Give authority to the Company's Board of Directors to determine the honorarium of the Public Accountant along with other requirements.
  4. Authorize the Board of Directors to guarantee the Company's assets, if needed, in order to obtain an extension of the maturing loan facility or obtain a new loan facility and / or provide a Corporate Guarantee with the approval of the Board of Commissioners, with a validity period until a new decision The next Annual General Meeting of Shareholders.
  5. 5. Authorize the Board of Directors with the approval of the Board of Commissioners, in terms of obtaining and / or providing loans from and / or to related parties, with reasonable terms, conditions and interest rates according to existing market conditions, with validity periods up to new decisions The next Annual General Meeting of Shareholders.
  6. 6. Dismissing the Board of Commissioners and Board of Directors of the Company as well as giving full remedies and exemptions of responsibility (acquit et decharge) to the Board of Commissioners and Directors from their responsibility for actions taken during their tenure, as long as those actions are evident from the Company's books, except embezzlement, fraud and / or other criminal acts. Then appoint the Board of Commissioners and Directors of the Company in the following order :

  7. Board of Commissioners
    - President Commissioner : ANGKASA RACHMAWATI
    - Commissioner : GUNARDI GO
    - Commissioner (Independent) : Drs. SUPRANOTO DIPOKUSUMO
    - Commissioner (Independent) : LIM, BUDIPRAJOGO LIMANTO
    Directors
    - President Director : ALIM MARKUS
    - Director : ALIM MULIA SASTRA
    - Director : ALIM PRAKASA
    - Director : WELLY MULIAWAN,LIE
    - Director : TJOE, SOEFIANTO DJUNAEDI

    For the term of office starting from the date of this Meeting until the closing of the Annual General Meeting of Shareholders in 2020. This decision was made by not reducing the rights of the General Meeting of Shareholders to change the composition of the Company's Management at any time.

Sidoarjo, 22 June 2017
Directors of PT Alumindo Light Metal Industry Tbk

Monday, May 29 2017

Invitation to the Annual General Meeting of Shareholders

Alumindo Light Metal Industry Tbk ("the Company") Board of Directors hereby invites the Company's Shareholders to attend the Annual General Meeting of Shareholders ("Meetings") to be held on:

Day, Date : Tuesday, June 20, 2017
Time : 13.30 PM until finished
Place : Sky Ballroom Fave Hotel – MEX Building, Lt. 7 Jl. Pregolan No. 1, Surabaya

Annual Meeting Agenda:

1. Approval of the Company's Directors 'Report on the Company's business activities as well as the Board of Commissioners' Supervision Report for the financial year 2016, and the audited ratification of the Annual Report and Financial Statements for the 2016 financial year.
2. Determination of the Remuneration of the Board of Commissioners and Directors of the Company.
3. Determination of Public Accountants for the 2017 financial year, and authorizes the Company's Directors to determine the amount of honorarium.
4. Granting authority to the Company's Directors in terms of pledging the Company's assets, in order to obtain loans and / or providing Corporate Guarantees, in accordance with applicable regulations.
5. Granting authority to the Company's Directors in terms of obtaining and / or providing loans from and / or to related parties, in connection with increasing the effectiveness and efficiency of fund allocation for operational purposes, in accordance with applicable regulations.
6. Approval of changes in the composition of the Company's management.


Note:

1. This advertisement also applies as an official invitation to all of the Company's Shareholders.
2. Those entitled to attend or be represented at the Meeting are the Shareholders or their authorized Proxy, who are registered in the List of Shareholders (DPS) of the Company on 26 May 2017, at 16.00 West Indonesia Time, for shares of the Company, whether or not in Collective Custody.
3. Shareholders who are unable to attend the Meeting can be represented by their Proxy with a valid power of attorney, provided that members of the Board of Directors, Board of Commissioners and employees of the Company are allowed to act as Shareholders at the Meeting, but the votes issued are not taken into account. voting. The power of attorney form can be obtained on every working day, at the Company's office at JalanKembangJepun No 38-40, Surabaya 60162.
4. The Shareholders or their Proxies are requested to submit a copy of the Citizen Identity Card or other identification marks of the Shareholder or their Proxy to the Company's officers, before entering the Meeting Room. And for Shareholders in the form of legal entities, in order to submit a copy of the Articles of Association and the latest amendments, as well as the final appointment certificate of the Management.
5. Materials related to the agenda of the Meeting, Annual Report, Balance Sheet along with the 2016 Annual Income Statement, are available at the Company's office, and can be obtained by written request.
6. The Shareholders or their Proxies are requested to be present before the Meeting begins.

Surabaya, May 29, 2017
Directors of PT Alumindo Light Metal Industry Tbk

Tuesday, March 01 2016

Announcement on Corporate Secretary Changes

Referring to the Regulation of the Financial Services Authority (OJK) No. 35/POJK.04/ 2014 concerning the Corporate Secretary of the Issuer or Public Company, we hereby inform that the Directors of PT Alumindo Light Metal Industry Tbk (the Company) have appointed:

Melynda Prayogo


to serve as the Corporate Secretary of the Company, succeeding TjiangTiandyAlvianCianto, starting March 1, 2016.

We thank you for your kind attention..