PT Sinar Mas Agro Resources and Technology Tbk : Summon of the Annual General Meeting of Shareholders of PT SMART Tbk

SUMMON

ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk.

("COMPANY")

The Board of Directors of the Company, herewith, invites the shareholders of the Company to attend the Annual General Meeting of Shareholders ("Meeting") that will be held on:

Day/Date	: Wednesday, 5 June 2024
Time	: 10:00 WIB (Western Indonesian Time Zone) until finish
Venue	: Danamas Room, Plaza Sinar Mas Land, Tower 2, 39th Floor
	Jalan MH. Thamrin No. 51, Central Jakarta 10350

With the following agendas of the Meeting:

1. Approval on the Annual Report of the Company for the fiscal year ended on 31 December 2023;
2. Approval and ratification of the Company's annual account and the report on supervisory duties of the Board of Commissioners for the fiscal year ended on 31 December 2023, as well as granting the full acquittal of responsibility (acquit et de charge) to the Company's Board of Directors over any management conducted during the fiscal year ended on 31 December 2023 and to the Company's Board of Commissioners over any supervisory conducted during the fiscal year ended on 31 December 2023;
3. Enactment and approval on the Company's profit appropriation for the fiscal year ended on 31 December 2023;
4. Determination of salary, honorarium, and allowances of the Company's Board of Directors and Board of Commissioners;
5. Appointment of an Independent Public Accountant to audit the Company's financial books for the fiscal year ended on 31 December 2024 and granting the authority to the Board of Directors of the Company to determine the honorarium of the Independent Public Accountant and other requirements of the appointment thereof;
6. Approval on the amendment to the Company's Articles of Association in regards to the addition of the Standard Classification of Indonesian Business Field without changing the Company's main business activities;
7. Report on the realisation of the use of proceeds of the Company's Bond Public Offering; and
8. Approval on the granting of power and authorities to the Board of Directors of the Company in order to transfer the Company's assets; or to provide the Company's assets as collateral which constitute more than 50% (fifty percent) of the Company's net assets in 1 (one) or more transactions, either relat ed to one another or not.

With hereunder explanations:

• All of the above agendas, except for the sixth, seventh, and eighth agendas, are routine agendas discussed during the Company's Annual General Meeting of Shareholders ("GMS"). These agendas are in compliance with the provisions of the Articles of Associations of the Company and Law Number 40 Year
  2007 regarding Limited Liability Company ("UUPT").
• For the sixth agenda, which is the amendment to the Company's Articles of Association on Article 3 of the
  Company's Articles of Association regarding the Purpose, Objectives, and Business Activity of the Company to add the Standard Classification of Indonesian Business Field without changing the Company's main business activities.
• Furthermore, the seventh agenda must be incorporated as one of the AGM's agenda based on Article 6 of OJK Regulation No. 30/POJK.04/2015 regarding Report on the Use of Proceeds of Public Offerings.
• Referring to the Article 21 verse 8.4 of the Articles of Association of the Company and Article 102 of UUPT, for the eighth agenda, the Board of Directors is obliged to seek approval from the GMS in the case of transferring the Company's assets or providing the Company's assets as collaterals which constitute more than 50% (fifty percent) of the Company's net assets in 1 (one) or more transactions, either related to one

another or not. In this case, the transfer or provision of the Company's assets as collaterals is conducted in order to obtain loans and/or financing in the future.

Notes:

1. The Company does not send a separate invitation letter to the Company's shareholders, hence, this summon is in accordance with the provision of article 14 verse 1 of the Company's Articles of Association which constitutes an official invitation to the Company's shareholders. This summon is also announced on
   PT Kustodian Sentral Efek Indonesia ("KSEI")'s website (www.ksei.co.id), eASY.KSEI application (easy.ksei.co.id), the Indonesia Stock Exchange's website (www.idx.co.id), and the Company's website (www.smart-tbk.com).
2. The shareholders who are entitled to attend or be represented in the Meeting are the Company's shareholders (or their proxies) whose names are legitimately recorded in the Company's Shareholders
   Register on 13 May 2024 until 16.00 of WIB (Western Indonesian Time Zone).
3. The participating shareholders or their proxies are kindly required to bring and submit copies of the Collective Shares Certificate and National Identity Card (KTP) or other valid identifications to the
   Company's official registrar before entering the Meeting room. The shareholders in the collective depository must bring a Written Confirmation for Meeting (KTUR) that can be obtained through a Stock Exchange Member or Custodian Bank. The shareholder of the Company which is a limited liability company, cooperative, foundation, or pension fund is kindly required to bring a copy of its complete articles of association and related amendments.
4. The participating shareholders can also attend the Meeting online through the KSEI Electronic General Meeting System (eASY.KSEI) facility provided by KSEI via the following linkhttps://akses.ksei.co.id/by registering in advance. The user guide for the shareholder participation in the Meeting through eASY.KSEI application can be found in the following link: https://akses.ksei.co.id/panduan.
5. The shareholders of the Company who are unable to attend the Meeting, can be represented by their proxies with the following power of attorney mechanism alternatives:
6. 1. Conventional proxy by using a proxy form which can be obtained during business day at the Head Office of the Company at Sinar Mas Land Plaza, Tower 2, 28th-30th Floor, Jl. M.H. Thamrin No. 51,
      Central Jakarta 10350 or can be downloaded from the Company's website: https://www.smart-tbk.com/en/investor/informasi-pemegang-saham/rapat-umum-pemegang-saham/.The complete and valid proxy form, including the supporting documents, must have been received by the Board of Directors of the Company at the Company's head office, at the latest 3 (three) business days prior to the Meeting date at 16.00 WIB (Western Indonesian Time Zone). Members of the Board of Directors, the Board of Commissioners, and employees of the Company may act as a proxy of the shareholder of the Company in the Meeting, however, the votes cast by such proxies will not be computed in the voting. For the shareholders of the Company whose addresses are registered overseas, its letter of proxy must be authorised by a public notary or an official of the Republic of Indonesia Embassy in the relevant country.
   2. Electronic proxy (e-Proxy) to an Independent Proxy Recipient provided by the Company through the KSEI Electronic General Meeting System (eASY.KSEI). This power of attorney is made no later than 1 (one) business day before the date of the Meeting.
7. The materials related to the Meeting's agenda are available to the shareholders since the date of this summon. Those materials can be downloaded from the Company's website:https://www.smart-tbk.com/en/investor/informasi-pemegang-saham/rapat-umum-pemegang-saham/.During the Meeting, the Company will not provide any printed or hardcopy of the materials related to the Meeting's agenda, however the Company will provide a QR Code to access the softcopy of the materials.
8. To ensure the order and smooth flow of the Meeting, the Company's shareholders or their proxies are kindly requested to arrive at the Meeting venue 30 minutes prior to the commencement of the Meeting and to adhere to the Meeting guidelines throughout the Meeting.

Jakarta, 14 May 2024

PT SINAR MAS AGRO RESOURCES AND TECHNOLOGY Tbk.

The Board of Directors