Astra International Restructures Leadership Through EGM

Significant Changes in Board Composition

PT Astra International Tbk (ASII) conducted an Extraordinary General Meeting of Shareholders (EGM) on November 19, 2025, where shareholders approved major restructuring of the company's board of commissioners and directors ¹

²

Source 2

https://investasi.kontan.co.id/news/gelar-rupslb-rombak-komisaris-dan-direksi-begini-rekomendasi-saham-asii

. The meeting resulted in the acceptance of resignations from two commissioners: John Raymond Witt and Hsu Hai Yeh, as well as one director: Chiew Sin Cheok ²

Source 2

https://investasi.kontan.co.id/news/gelar-rupslb-rombak-komisaris-dan-direksi-begini-rekomendasi-saham-asii

.

New Appointments Strengthen Corporate Structure

The EGM approved the appointment of Lincoln Lin Feng Pan and Lee Liang Whye as new commissioners, bringing fresh perspectives to the company's oversight ²

. Additionally, Hsu Hai Yeh was appointed as a new director, creating continuity between the previous and new leadership structures. These changes are effective for the term determined by the company's Articles of Association ²

Source 2

https://investasi.kontan.co.id/news/gelar-rupslb-rombak-komisaris-dan-direksi-begini-rekomendasi-saham-asii

.

Market Reaction and Analyst Outlook

On the day of the EGM, ASII's stock price experienced a 0.39% decline to Rp 6,400 per share ¹

. Despite this short-term negative reaction, Muhammad Wafi, Head of Research at KISI Sekuritas, maintains that ASII's prospects remain stable. The market's measured response suggests that investors view the leadership changes as structural rather than strategic shifts.

Implications for Corporate Governance

The restructuring demonstrates Astra International's commitment to maintaining good corporate governance practices through regular board refreshment. The simultaneous appointment of new members while accepting resignations ensures continuity in the company's operations while bringing in fresh perspectives.