Audit Committee

Audit Committee of PT Alamtri Minerals Indonesia Tbk ("AMI" or "the Company") is a committee established to support the Board of Commissioners (BoC) in carrying out its supervisory function, to provide direction on the implementation of internal control and corporate audit, and to ensure that the Company's management is in accordance with Good Corporate Governance principles and Financial Services Authority Regulation Number 55/POJK.04/2015 of 2015 on the Establishment and Guidelines for the Work Implementation of the Audit Committee.

The Audit Committee has the Audit Committee Charter, which can be improved and updated to follow the development of the applicable laws and regulations and the latest condition.

As stipulated in the Audit Committee Charter, AMI’s Audit Committee is committed to complying with the Audit Committee Charter in carrying out their duties and functions in such a manner that consistently supports the BoC in accordance with the GCG principles and the applicable rules and regulations, including ensruing that all activities are reported to the BoC and included in the annual report.

Currently, AMI's Audit Committee consists of 3 (three) members: one independent commissioner, who also acts as Chair, and two experts. The composition of AMI's Audit Committee is as follows:

Mohammad Effendi

Chairman

Lindawati Gani

Member

Ignatius Robby Sani

Member

Nomination and Remuneration Function

The BoC has decided that the function of nomination and remuneration for the BoC and Board of Directors (BoD) shall be carried out by the BoC without establishing a committee of nomination and remuneration. As the party performing the nomination and remuneration function, the BoC delivers its expertise in providing professional supervision and strives to deliver the best in performing the duties, responsibilities and authority according to the Guideline for the Function of Nomination and Remuneration for the BoC and BoD.

In the implementation, the BoC acts independently by referring to Financial Services Authority Regulation Number 34/POJK.04/2014 of 2014 on Nomination and Remuneration Committee for Issuers or Public Companies. AMI also has the Guideline for the Nomination and Remuneration Function, which is included in the BoC Charter.

In regard to the implementation, the BoC acts independently by referring to the Guideline of Nomination and Remuneration Function, which specifies the BoC’s relevant duties and responsibilities.

Regarding Nominations:

1. Establish policies regarding: the composition of the BoC and BoD members' positions; the criteria for nomination process; and the performance evaluation of BoC and BoD members;
2. Evaluating the performance of BoC and BoD members based on the parameters developed for the evaluation;
3. Establishing the policies on the competency development of BoC and BoD members; and
4. Determining the candidates qualified to be BoC and BoD to members to be recommended to the GMS.

Remuneration function:

1. Establishing policies regarding: the remuneration structure; remuneration policy; and remuneration amounts; and
2. Evaluating the performance against the remuneration received by each BoC and BoD members’.

The structure, policy and value of the BoC and BoD's remuneration shall be established by considering the following:

1. The remuneration applied within the companies in the industry and business size comparable to AMI's;
2. The duties, responsibilities and authority of the BoC and BoD related to the achievement of AMI’s goals and performance;
3. The performance target of the performance of each member of BoC and BoD;
4. The balance between fixed and variable allowances; and
5. The structure, policy and value of the BoC and BoD’s remuneration must be evaluated by the BoC at least once in 1 (one) year.

Corporate Secretary

In accordance with Financial Services Authority Regulation Number 35/POJK.04/2014 of 2014 on Corporate Secretary of Issuers or Public Companies (POJK 35/2014), AMI is obliged to appoint a corporate secretary who serves as a liaison between company and the shareholders and other stakeholders to ensure that the company complies with the capital market rules and regulations, provides inputs for the BoC and BoD for the fulfillment of capital market regulatory provisions, assists the BoC and BoD in corporate governance implementation, and fulfills other duties and responsibilities as stipulated by the provisions of POJK 35/2014.

The corporate secretary functions are carried out by a division, namely Corporate Secretary Division, which reports directly to the President Director and maintains active communications with all BoD members and the personnel of other functions within the company. The corporate secretary is appointed and dismissed by a decision of the BoD. The appointment of the corporate secretary is one of the steps in implementing GCG principles. The corporate secretary is prohibited from holding any concurrent positions in other issuers or public companies.

Based on the Letter of Corporate Secretary Appointment of June 3, 2025, AMI's Corporate Secretary is Mahardika Putranto. Corporate secretary is appointed and dismissed by the BoD’s Decision. The appointment of Corporate secretary is one of the measures within GCG implementation.

Internal Audit

The Internal Audit Function has carried out its duties and responsibilities in accordance with the Internal Audit Charter. BoD has given its full support to the internal audit activities and there were no restrictions on the scope and access for the Internal Audit Function. The Internal Audit Function also plays the role of providing an objective and independent assurance and consultancy services for AMI and its subsidiaries in the areas of governance, risk management and control, to add value and improve the Company’s operations.

The Internal Audit Function has an Internal Audit Charter as a mandate from the BoD to perform and execute its duties and responsibilities. The Internal Audit Charter was established by the BoD and was approved by the BoC on September 6, 2021. The Internal Audit Charter was formulated based on the Financial Services Authority Regulation Number 56/POJK.04/2015 of 2015 on the Establishment and Guidance for Preparing Internal Audit Unit Charter. The Charter is also developed in accordance with the International Standards for the Professional Practice of Internal Auditing issued by The Institute of Internal Auditors (IIA). The establishment of the Internal Audit Charter was carried out on September 6, 2021, with the approval of the President Director and BoC.

The Internal Audit Function is independent and reports directly to the President Director. To maintain objectivity, the internal auditors are not allowed to have duties and positions concurrent with the implementer of the operational activities of the Company and its subsidiaries. In addition, the internal auditors must sign a Conflict-of-Interest Statement every year to ensure that they have no potential conflict of interest in carrying out their duties and responsibilities. If there is any conflict of interest, the Company will take the necessary measures to address the risk.

Currently, the Internal Audit Function is led by Erny based on the Decree of the Appointment of the Head of the Internal Audit Unit, dated December 9, 2024.