AGMS 2016

On 8 June 2017 at Auditorium / Multi Function Room MM2100 Industrial Estate, Bekasi, PT Bekasi Fajar Industrial Estate Tbk ("the Company") has held the Annual General Meeting of Shareholders of 2016 with the following results:

1. Receive Annual Report as submitted by the Board of Directors including the Board of Directors Responsibility and Supervisory Duties of the Board of Commissioners regarding the conduct of the Company and the Company's Financial Statements for the year ending on December 31, 2016.
2. Validate the Company's Financial Statement for the December 31, 2016 audit
3. Determine the use of net income for the year 2016 of Rp 26.3 billion as a reserve and amounting to Rp 33.1 billion or Rp 3.43 per share as cash dividend.
4. Extend the term of the member of the Board of Commissioners and the Board of Directors until the closing of the Annual General Meeting of Shareholders for the financial year ended 31 December 2019.

In 2016, the Company managed to record a pre-sale of 31 hectares of industrial land from a target of 25-30 hectares. For the year 2017, the Company targets pre-sale of industrial land by 30-40 hectares. Until May 2017, the Company has recorded a pre - sale of 12 hectares of industrial land.

BEST remains focused on the development of the industrial estate in the MM2100 Industrial Area, largely supported by the more conducive economic conditions and infrastructure development that supports the industry in Bekasi and its surroundings.

The Company also conducts business development to support activities in industrial areas. Currently BEST has a Modern Logistic Center, Standard Factory Building, Hotel Enso, and BEST office. Hotel Enso is a business hotel with 192 new soft opening rooms in February 2017. While the BEST office has been ground breaking in April 2017 and is expected to start operations in early 2018.