PT Megapolitan Developments Tbk held its Annual General Meeting of Shareholders (AGMS) on Monday, June 5, 2023, conducted in a hybrid format at the Function Room of The Bellagio Mall.

The Annual General Meeting of Shareholders (AGMS) was attended by Shareholders and/or Proxies representing 82.91 percent of the total shares of the issuer with the code EMDE, and the meeting was chaired by Commissioner Mrs. Jennifer Barak Rimba. Mr. Radian Wena Wahyudi, as a member of the Board of Directors, reported that the Company's performance in the residential segment has improved, increasing by 16% compared to the previous year, although the Company has not yet recorded a profit in 2022. Looking ahead, the Company expects performance to further improve as Indonesia and the world emerge from the Covid-19 pandemic, according to Indonesian and global market analysis.

Today's AGMS, in accordance with quorum requirements, has approved all proposed agenda items, including the ratification of the 2022 Financial Statements, the appointment of a Public Accounting Firm or the delegation of authority to the Board of Commissioners to appoint a Public Accounting Firm to audit the Company's financial statements for the 2023 fiscal year, as well as changes and/or reaffirmations of the Company's Board of Commissioners and Directors.

In accordance with the resolutions of today's AGMS, the composition of the Board of Commissioners and Directors for the remaining term until the 2024 fiscal year is as follows:

BOARD OF DIRECTORS President Director: Mrs. Lora Melani Lowas Barak Rimba Director: Mr. Ronald Trisna Wihardja Director: Mr. Radian Wena Wahyudi, ST Director: Mrs. Ouw Desiyanti

BOARD OF COMMISSIONERS President Commissioner: Mrs. Barbara Angela Barak Rimba Commissioner: Mrs. Jennifer Barak Rimba Independent Commissioner: Mrs. Hongisisilia, SE Independent Commissioner: Mr. Drs. Anton Bachrul Alam, SH

This management structure is a strategic step expected to lead the Company towards achieving its projected growth and targets.

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