Jakarta, May 19, 2025 – PT Pantai Indah Kapuk DuaTbk (“PANI”) is a property developer based in North Jakarta, specifically located in Pantai Indah Kapuk 2 (PIK2), which is situated along the northern coast of Jakarta and Tangerang, focuses on developing a district with a philosophy of dynamic and modern living, incorporating innovations that align with market trends. PANI is a property issuer worth considering as one of the top investment options for both local and international investors, including institutional and retail sectors. 

PANI has successfully held its Annual General Meeting of Shareholders (AGMS) for the 2024 financial year with an outstanding shareholder participation rate of 90.59% of the total shares with valid voting rights of 461 attending shareholders, both offline and online. 

Held in a hybrid format (both physical and electronic) at the Mezzanine Ballroom, Agung Sedayu Group Office Tower, North Jakarta, PANI's Annual General Meeting of Shareholders (AGMS) proceeded smoothly from 11:42 to 12:36 Western Indonesian Time (WIB), and resulted in several key decisions, particularly PANI's plan to distribute dividends earlier than the normal payment schedule. PANI will pay a cash dividend of IDR 4 per share on June 10, 2025. This series of decisions reflects the Company’s commitment to sustainable growth, strong governance, and delivering value to shareholders, including: 

1. Approved the Annual Report of the Company including the Board of Directors’ Report on the Company’s activities for the financial year 2024, the Board of Commissioners’ Supervisory Report for the financial year 2024, and the ratification of the Company’s Consolidated Financial Statements for the financial year ended on December 31, 2024; 

2. Approved the determination of the Company’s Comprehensive Income (attributable to owners of the parent entity) for the 2024 financial year amounting to IDR 626 billion to be utilized as follows: 

An amount of IDR 1 billion shall be allocated to the reserve fund in accordance with Article 70 of the Indonesian Company Law (UUPT); 
An amount of IDR 67.5 billion or IDR 4 per share shall be distributed as cash dividends for the 2024 financial year to shareholders entitled to receive such dividends; 
The remaining amount of IDR 557.5 billion shall be recorded as Retained Earnings. 

3. Approved the determination of remuneration (salary or honorarium and benefits) for the Board of Commissioners of the Company for the financial year ended on December 31, 2025 and delegated authority to the Board of Commissioners to determine the remuneration of the Board of Directors members of the Company for the financial year ending on December 31, 2025. 

4. Approved the Appointment of Public Accountant/Public Accounting Firm for the purpose of carrying out audit on the Company’s Financial Statements for the financial year ended on December 31, 2024 by adhering to the recommendation from the Audit Committee of the Company. 

Message from Board of Directors 

Mr. Sugianto Kusuma, as the President Director of PANI, shared his views regarding this year’s AGMS resolutions: The exceptional level of shareholder participation in this year's Annual General Meeting reflects strong enthusiasm for the Company’s strategic direction and performance. The decision to distribute a cash dividend of IDR 4 per share early, on June 10, 2025, demonstrates PANI’s tangible commitment to prioritizing investor interests and creating sustainable value for its shareholders. Going forward, PANI will remain focused on long-term growth by upholding strong governance principles and advancing the innovative and modern development strategy of the PIK2 area. The Company firmly believes that PIK2’s position as a world-class integrated township will further enhance its investment appeal and solidify PANI’s role as a leading property developer in Indonesia.