PT Anabatic Technologies Tbk (IDX: ATIC) held a series of General Meeting of Shareholders (GMS) on Wednesday (21/06/2024), at Graha Anabatic in Tangerang. The company opened the meetings with the Annual GMS and then conducted an Extraordinary GMS and Bondholders’ General Meeting.

During the Annual GMS, Anabatic Technologies announced a remarkable performance for the fiscal year 2023. The company reported a net profit increase of 138.6%, translating to 342.5 billion Rupiah compared to the previous year. This impressive growth highlights the company’s successful strategies and strong market position in the technology sector.

“All achievements in the company’s financial position have also met the targets set by management for 2023. The achievement was also supported by good risk management and the implementation of the right strategy,” said Ignasius Jonan, President Commissioner and Independent Commissioner of PT Anabatic Technologies Tbk.

Anabatic Technologies attributed the growth to a key factor, which is a strengthened focus on developing the main business line of providing IT solutions and services which has a significant contribution to revenue and has positive prospects in the future. Anabatic Technologies has been focusing on expanding its market reach and enhancing its technological capabilities to meet the evolving demands of users.

The results of the Annual GMS decide the following matters:

Agenda I

1. Approve and accept the Annual Report of the Company’s Directors regarding the condition and course of the Company’s business activities, which includes but is not limited to the Board of Directors Management Report on the Company’s Business Activities and the Board of Commissioners’ Supervisory Task Report for the Financial Year ending December 31, 2023, as well as giving approval and ratification of the Company’s Annual Financial Statements for the Fiscal Year ending December 31, 2023, which have been audited by the Public Accounting Firm Purwantono, Sungkoro & Surja, a member of Ernst & Young Global Limited, as stated in the Independent Auditor’s Report dated March 31, 2024 No. 00472/2.1032/AU.1/05/0705-3/1/III/2024 which includes the Company’s Statement of Financial Position and Profit and Loss Report for the financial year ending December 31, 2023; And

2. Grant full release and discharge (acquit et de charge) to all members of the Company’s Board of Directors and Board of Commissioners for their management and supervisory actions for the financial year ending December 31, 2023, as long as these actions are reflected in the Annual Report and The Company’s Annual Financial Report.

Agenda II

Determined that the Net Profit recorded by the Company amount of IDR 235,158,456,582,- (two hundred and thirty-five billion one hundred and fifty-eight million four hundred fifty-six thousand five hundred eighty-two Rupiah) which is the portion of Net Profit for the Year Attributable to Owners of the Parent Entity.

Agenda III

Delegate the authority to the Board of Commissioners of the Company to appoint an Independent Public Accounting Firm that will audit the Company’s Financial Statements for the Financial Year ending on December 31, 2024, provided that the appointed Independent Public Accounting Firm has been registered with the Financial Services Authority and has a good reputation and has determined the honorarium, as well as other requirements in connection with the appointment of the, said Public Accounting Firm.

Agenda IV

Delegate the authority to the Company’s Board of Commissioners to determine remuneration for members of the Company’s Board of Commissioners and Directors, considering the Company’s financial capabilities and fairness by the labor market.

Agenda V

1. Honorably discharged all members of the Board of Commissioners and Directors of the Company from their respective positions as the Board of Commissioners and Directors of the Company, with gratitude for the contribution of energy and thoughts and energies given by the parties during their tenure as members of the Board of Commissioners and Board of Directors of the Company, granting full release and discharge (acquit et de charge) for the management actions that have been carried out until the management that has been carried out until the closing of this Meeting, to the extent that all such actions are reflected in the Company’s annual report and financial statements for which approval is sought at the Annual General Meeting of Shareholders of the Company for the financial year ending on 31-12-2023 (thirty-one December two thousand twenty-three).

2. Determine and approve the reappointment Board of Commissioners and Board of Directors, so that the composition of the Board of Commissioners and Directors of the Company as of the closing of this Annual GMS until the closing of the Annual GMS which will be held in the year 2027 (two thousand twenty-seven), without prejudice to the right of the GMS to dismiss them at any time, shall be as follows:

Board of Commissioners

1) President Commissioner/Independent Commissioner: Ignasius Jonan
2) Commissioner: Antonius Agus Susanto
3) Commissioner : Josaku Yanai

Board of Directors

1) President Director: Harry Surjanto Hambali
2) Director: Lie David Limina
3) Director : Adriansyah Adnan
4) Director: Hideaki Ohashi
5) Director : Rieko Kawaguchi

3. Grant power and authority with the right of substitution to the Board of Directors of the Company to carry out the resolutions declared by the General Meeting of Shareholders, including but not limited to making or requesting the making of all deeds, letters, and documents that are necessary, appear before the authorized parties/officials, including Notary, submitting authorized parties/officials, including Notary, submitting applications to the authorized party/official to obtain an approval or report the matter to the authorized party/official as referred to in the applicable laws and regulations.

“We are optimistic to continue strengthening our position in 2024, going forward the need for systems that can support digital transformation that continues to take place in all sectors of the industry will continue and have a positive impact on the company’s business,” explained Harry Surjanto Hambali, President Director of PT Anabatic Technologies Tbk.

Driving Continued Growth

The Extraordinary GMS also brought positive outcomes, with key resolutions passed to support the company’s future endeavors. These meetings facilitated discussions on strategic initiatives and financial policies that are set to define the company’s growth path for the upcoming year.

In the Bondholders’ General Meeting attended by PT Bank Rakyat Indonesia (Persero) Tbk as the Trustee of the 2018 Anabatic Convertible Bonds, it was decided to approve the extension of the 2018 Anabatic Convertible Bonds term by one year, changing the maturity date from July 11, 2024, to July 11, 2025.

“The company remains committed to fulfilling its obligations to bondholders by making timely bond yield payments as scheduled. We are sincerely grateful for the support and trust of our bondholders,” said Harry Surjanto Hambali, President and Director of PT Anabatic Technologies Tbk.

As Anabatic Technologies moves forward, the company remains committed to delivering value to stakeholders through sustained financial performance, innovation, and excellence in service delivery. The significant profit increase in 2023 sets a strong foundation for the company’s future growth and reaffirms its position as a leading player in the technology industry.