SHAREHOLDERS INVITATION (November 13, 2024)

PT. GUNAWAN DIANJAYA STEEL TBK.

Jl. Margomulyo No. 29A, Surabaya

SHAREHOLDERS  INVITATION

Shareholders of PT. Gunawan Dianjaya Steel Tbk. (the Company) are hereby invited to attend Extraordinary General Meeting of Shareholders (meeting /EGMS) that will be held on:

1. Approval of asset guarantee that amounting to more than 50% of nett company asset.
   Explanation
   To fullfill the Company’s Article of Association article 12 point 6a and Law No. 40 year 2007 concerning a Publicly-listed Company article 89, the board of directors is required to request approval from the GMS if they wish to pledge company assets amounting to more than 50% of the company's net assets.
   
   
2. Approval of the reduction of the company's issued and paid-up capital by withdrawing the company's treasury shares.
   Explanation :
   To fulfill the Law No. 40 year 2007 concerning a Publicly-listed Company article 47 and the FSA Regulation (POJK) No. 29 dated December 29, 2023 regarding Share Buyback of Public Company, the company plan to withdraw the company’s tresury shares amounting to 287,513,600 shares if they can’t be sold.

1. The Company do not disperse individual invitations to shareholders. This serves as a invitation or announcement.
2. Those who reserve the rights to attend are shareholders whose names are recorded in the list of shareholders of the Company on Tuesday November 12, 2024 at 16:00 WIB.
3. Meeting will be held physically with limited attendance due to limited space and facilities, and electronically using eASY.KSEI application provided by KSEI with regard to FSA (OJK) Rule No. 16/POJK.04/2020 regarding Electronically Organizing a General Meeting of Shareholders of a Registered Company.
4. A shareholder who are unable to attend may appoint a proxy to represent him/her in the meeting and the first can give authorization electronically (e-Proxy) via eASY.KSEI to the Independent Proxy provided by the Company which is Biro Administrasi Efek Perseroan (PT. BSR Indonesia) and submit his/her vote at latest 1 (one) working day at 12:00 (WIB) before the AGM. In prioritizing precaution and vigilance against the development of the COVID-19 pandemic condition, the Company encourages its shareholders to give their authorization and votes electronically (e-Proxy).
5. A shareholder or a proxy who is at the venue but unable to enter the Meeting hall due to the limited capacity is still able to exercise his/her rights by attending electronically or to give authorization (to attend and give his/her votes on each agenda) to independent parties appointed by the Company, namely PT BSR Indonesia, by filling and signing on written authorization letter provided by the Company at the venue.
6. Shareholders whose shares are placed in the KSEI collective custodian are to submit Written Confirmation for Meeting (KTUR) when entering the meeting hall.
   KTUR may be obtained from securities agents of each shareholders.
7. A shareholder and/or a proxy who attend the meeting must follow these procedures:
   a. To submit a copy of their Identity Cards (KTP) and to show the cards or other valid identification (A representation of a shareholder which is a legal entity must be accompanied by a proof of authorization to represent by the entity) before entering the hall.
   b. Registration will be closed 30 (thirty) minutes before the meeting starts. For the orderliness of the meeting, shareholders or proxies, attending the meeting, are expected to have filled the list of attendants before registration time closed.
8. Meeting materials are available in the Company’s office and can be obtained by written request from shareholders starting from today.