Audit Committee

The Board of Commissioners has an Audit Committee as a supporting unit to ensure the Company’s management is conducted in accordance with prudential principles and applicable regulations. The establishment of the Audit Committee refers to OJK Regulation No. 55/POJK.04/2015, which serves as the legal basis for its duties.

The Audit Committee is responsible for reviewing the quality of financial statements, the effectiveness of internal controls, the conduct of internal and external audits, risk management, and compliance with regulations. Through this function, the Audit Committee helps maintain the integrity and accountability of the Company’s management processes.

All members of the Audit Committee are appointed and dismissed by the Board of Commissioners and reported to the GMS. The Audit Committee plays an essential role in reinforcing the implementation of Good Corporate Governance (GCG) throughout the Company’s operations and development initiatives.

Qualifications of Audit Committee Members

Qualifications and requirements for the Company’s Audit Committee are as follows:

1. Have high integrity, ability, knowledge, experience in accordance with their field of work, and good communication skills;
2. Understand financial statements, the Company’s business, especially those related to the Company’s services or business activities, audit processes, risk management, and laws and regulations in the Capital Market sector and other related laws and regulations;
3. Comply with the Audit Committee code of conduct set by the Company;
4. Have a commitment to continuously improving competence through education and training; and
5. Meet the independence requirements as stipulated in OJK Regulation No. 55/POJK.04/2015 on the Establishment and Guidelines for the Implementation of the Audit Committee.

Composition of the Audit Committee

In 2025, there were no changes made in the composition of the Audit Committee. The composition of the Audit Committee was established by the Board of Commissioners’ Decree concerning Changes in the Membership of the Audit Committee, Number 001/SM/SK-DEKOM/VIII/2024, dated August 1, 2024. As of December 31, 2024, the composition of the Audit Committee members is as follows:

INDEPENDENCY OF AUDIT COMMITTEE

The Company’s Audit Committee conducts its role by upholding high standards of governance, guided by objectivity, professionalism, and independence. Each decision is made independently, without pressure or intervention from any party, and with due vigilance toward potential conflicts of interest.

Members of the Audit Committee have no affiliation with the Board of Commissioners, the Board of Directors, or the Major and/or Controlling Shareholders. Through selection based on competence and integrity, the Audit Committee has fully complied with the independence requirements in accordance with Financial Services Authority Regulation No. 55/POJK.04/2015. The independence information of the Audit Committee members is presented as follows:

Audit Committee Charter

The Company has established the Audit Committee Work Implementation Guidelines, ratified by the Board of Commissioners’ Decree No. 001/SM/SK-DEKOM/VII/2019 dated July 17, 2019, regarding the Changes in Membership and Term of the Audit Committee The Audit Committee’s charter regulates:

1. Establishment and objectives;
2. Composition, structure, and membership;
3. Duties and responsibilities;
4. Authorities;
5. Meetings;
6. Reporting;
7. Work relations, and
8. Handling complaints or reporting of suspected violations related to financial statements.

DUTIES AND RESPONSIBILITIES OF THE AUDIT COMMITTEE

Duties and responsibilities of the Audit Committee are as follows:

1. Review financial information to be released by the Company to the public and/or authorities, including financial statements, projections, and other reports related to the Company’s financial information;
2. Review compliance with laws and regulations related to the Company’s activities;
3. Provide an independent opinion in the event of a difference of opinion between management and the public accountant regarding the services provided;
4. Provide recommendations to the Board of Commissioners regarding the appointment of a public accountant based on independence, scope of assignment, and service fees;
5. Review the implementation of audits by internal auditors and supervise the implementation of follow-up actions by the Board of Directors on the findings of internal auditors;
6. Review the implementation of risk management activities conducted by the Board of Directors, if the Company does not have a risk monitoring function under the Board of Commissioners;
7. Review complaints related to the Company’s accounting and financial reporting processes;
8. Review and provide advice to the Board of Commissioners regarding potential conflicts of interest in the Company;
9. Maintain the confidentiality of the Company’s documents, data, and information.

AUTHORITIES OF THE AUDIT COMMITTEE

The Audit Committee has the following authorities:

1. Access the Company’s documents, data, and information regarding employees, funds, assets and resources as required;
2. Communicate directly with employees, including the Board of Directors and parties carrying out internal audit functions, risk management, and Accountants regarding the duties and responsibilities of the Audit Committee;
3. Involve independent parties outside the Audit Committee members as needed to assist in carrying out their duties (if necessary);
4. Carry out other authorities granted by the Board of Commissioners.

Audit Committee Meetings

Meeting Policy

The Company establishes its Audit Committee meeting policy in accordance with OJK Regulation No. 55/POJK.04/2015 concerning the Establishment and Guidelines for the Audit Committee and the Audit Committee Charter. The policies include:

1. The Audit Committee holds regular meetings at least once in 3 (three) months;
2. Audit Committee meetings can be held if attended by more than ½ (half) of the total members;
3. Decisions of the Audit Committee meeting are taken based on deliberation to reach consensus;
4. All discussions in the Audit Committee meeting are outlined in the minutes of the meeting, including if there are dissenting opinion. The minutes of the meeting are signed by all members of the Audit Committee present and submitted to the Board of Commissioners.

Implementation of the Audit Committee’s Duties in 2025

The Audit Committee performs its supervisory functions on an ongoing basis and reports on its performance to the Board of Commissioners in accordance with prevailing regulations. Throughout 2025, the Audit Committee has carried out various duties and responsibilities, including the following:

1. Reviewing and discussing the 2024 consolidated financial statements and the 2025 quarterly and semi-annual consolidated financial statements;
2. Evaluating the performance of public accountants and public accounting firms that audit the Company’s annual financial statements for the 2024 fiscal year;
3. Providing input to the Board of Commissioners for the appointment of public accountants and public accounting firms that will audit the Company’s Financial Statements for the 2025 fiscal year;
4. Providing input to the Board of Commissioners regarding internal audit procedures, work plans, and findings.