Bukit Asam Holds Extraordinary General Meeting to Enhance Governance

Key Decisions Made During the EGM

PT Bukit Asam Tbk (PTBA), a leading Indonesian coal mining company, conducted an Extraordinary General Meeting of Shareholders (EGM) on December 16, 2025, at Hotel Borobudur in Jakarta. The EGM was held as part of the company's commitment to maintaining good corporate governance practices and ensuring compliance with prevailing laws and regulations.

Agenda and Key Resolutions

The EGM addressed two significant agendas that will shape the company's future operations and strategic direction. Firstly, the shareholders approved amendments to the company's Articles of Association, which is crucial for adapting to changing regulatory requirements and enhancing the company's legal framework. Secondly, the meeting resulted in the delegation of authority to the Board of Commissioners to approve the 2026 Work Plan and Budget (RKAP) and the Long-Term Corporate Plan (RJPP) for the period of 2026-2030, including any potential amendments.

Implications for Corporate Governance and Strategy

This EGM demonstrates PTBA's proactive approach to corporate governance and its commitment to maintaining transparency and accountability in its operations. By amending its Articles of Association, the company is better positioned to respond to evolving regulatory landscapes and business challenges. The delegation of authority to the Board of Commissioners for approving key strategic documents provides flexibility in managing the company's plans for 2026 and beyond, allowing for more agile decision-making processes.

Market and Industry Context

The decisions made during the EGM are particularly significant given the current dynamics in the coal mining industry. As PTBA continues to navigate the challenges and opportunities in the energy sector, these governance enhancements position the company to potentially capitalize on future growth opportunities while maintaining strong oversight and compliance practices.