Annual 2023 General Meeting of Shareholders

May 28, 2024

PT Bekasi Fajar Industrial Estate Tbk (the Company) held its Annual General Meeting of Shareholders (AGMS) on May 28, 2024, at Hotel Enso, MM2100 Industrial Estate, Bekasi. The AGMS was also followed by a Public Expose. The main agenda of the event was to designate all of the Company's net profit as retained earnings to enhance working capital in line with the Company's business development plans.

In 2023, the Company recorded marketing land sales of 9 hectares. Total revenue for 2023 remained stable at IDR 544 billion. Revenue was contributed by land sales amounting to IDR 357 billion and recurring income of IDR 188 billion, with recurring income experiencing a 12% increase compared to 2022, mainly contributed by maintenance fees and water, rental, and hotel income. The Company successfully improved operational profitability by recording a 17% increase in net profit to IDR 40 billion.

For 2024, the Company targets marketing sales of IDR 600 billion, focusing on resilient and growing industries such as warehouse logistics, electronics, consumer goods, data centers, and electric vehicles. As of the first quarter of 2024, the Company recorded marketing sales of IDR 26 billion.

The Company continues to develop services, facilities, supporting infrastructure, and infrastructure in the MM2100 Industrial Town to support the business continuity of business actors. The MM2100 Industrial Town is one of the most strategically located industrial areas in Indonesia, where this industrial area will be the only one around Greater Jakarta to be traversed and directly accessed by the Jakarta Outer Ring Road 2.