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Holding an AGM, ecoCare Group Company (HYGN) Sets a Dividend of 30% of Profit

Jakarta, 6 June 2024 – PT Ecocare Group Company held its Annual General Meeting of Shareholders (AGMS) at the Jakarta Design Center, Floor 6, Orchid Room 3 offline and online using the application provided by PT Kustodian Sentral Efek Indonesia ("KSEI"), namely KSEI Electronic General Meeting System (“eASY.KSEI”).

The results of the AGMS decisions agreed to the following matters:

  1. Approval of the Company's Annual Report and Financial Statements for the financial year ending 31 December 2023, including ratification of the Annual Financial Report and Supervisory Duties Report of the Board of Commissioners, as well as granting full release and discharge of responsibilities (acquit et de charge) to all members of the Board of Directors and the Board Commissioner for management and supervision actions carried out during the financial year.

  2. Determine the use of the Company's net profit for the financial year ending 31 December 2023 amounting to IDR 18,171,670,799 as follows: a. Distribute dividends of 30% with a value of IDR 5,454,000,000 or IDR 2.1 per share, to Shareholders proportionally according to their respective share ownership percentages. b. Add the remaining net profit of IDR 12,717,670,799 to the retained earnings balance.

  3. Approved the granting of power to the Company's Board of Commissioners to appoint a Public Accounting Firm to audit the Company's books for the financial year ending 31 December 2024, as well as granting power to the Company's Directors to determine the honorarium and other requirements related to the appointment of the Public Accounting Firm.

  4. Grant authority to the Company's Board of Commissioners to: a. Determine the maximum amount of salary, allowances and/or other income for all members of the Company's Board of Directors for the 2024 financial year. b. Determine the salaries, allowances and/or income of members of the Company's Board of Commissioners for the 2024 financial year, and authorize the President Commissioner of the Company to determine the distribution of honorarium among members of the Board of Commissioners.

  5. Ratification of the Realization Report on the Use of Public Offering Proceeds and the realization of its use for warehouse purchases, working capital and subsidiary development.

With the decisions taken at this AGMS, PT Ecocare Indo Pasifik Tbk shows its commitment to continue contributing to the welfare of shareholders and ensuring sustainable growth. Dividend distribution of 30% of net profit and strengthening retained earnings reserves reflect the company's strategic steps in maintaining financial stability and supporting future expansion. It is hoped that in the future, PT Ecocare Indo Pasifik Tbk can continue to provide added value for all stakeholders and achieve greater success in the years to come.

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