Audit Committee Activities | 2025

    As set out in the job description above, in 2025 the Company’s Audit Committee held 12 meetings attended by the Chairman and all members.

    During 2025, the Audit Committee carried out the following activities:

    1. Reviewing financial information prepared by the Company, including:
      • Financial Statements for the year 2024;
      • Quarterly Financial Reports for 2025, consisting of Quarter I, Quarter II, and Quarter III.
    2. Reviewing the Business Plan and Financial Projections prepared by Management in relation to the financing facilities obtained by the Company.
    3. Reviewing the level of objectivity, independence, and adequacy of the audit conducted by Heliantono & Partners, the Company’s public accountant, concerning the audit of the Company’s Financial Statements for the year ended 31 December 2024.
    4. Reviewing the effectiveness of the Company’s internal control system and providing recommendations for further improvements, including enhancing the performance of the internal audit function.
    5. Evaluating compliance with applicable laws and regulations related to the Company’s work plans and business activities during 2025.
    6. Conducting Audit Committee meetings as well as meetings with the Board of Commissioners and the Directors in accordance with the scheduled agenda.

    In carrying out its duties and responsibilities, the Audit Committee undertook various activities, including providing recommendations and findings presented during meetings with members of the Board of Commissioners and the Directors. The Audit Committee has effectively supported the implementation of the duties of both the Directors and the Board of Commissioners.

    During 2025 and 2024, the Chairman and members of the Audit Committee participated in education and training programs, including non-formal training such as seminars and regulatory socialization programs organized by relevant institutions.

    The Chairman and members of the Audit Committee are independent parties and are not affiliated with the Board of Commissioners, the Directors, or the Company’s shareholders.