JAKARTA: On November 9, 2026, PT United Tractors Tbk (the “Company”) holds its 2026 Extraordinary General Meeting of Shareholders (EGMS) at the UT Head Office in Jakarta. During the meeting, shareholders discuss and approve the following three agenda items:
1. Changes to the Composition of the Company’s Board of Commissioners
At the 2026 EGMS, shareholders approve the resignation of one member of the Board of Commissioners and appoint two new members:
- Mr. Irwandy Arif as Independent Commissioner; and
- Mr. Christopher Suprayogie Ganis as Commissioner.
Accordingly, the composition of the Company’s Board of Commissioners for the period commencing from the closing of the 2026 EGMS until the 2027 Annual General Meeting of Shareholders (AGMS) is as follows:
Board of Commissioners
- President Commissioner: Frans Kesuma
- Independent Commissioner: Paulus Bambang Widjanarko
- Independent Commissioner: Bruce Malcolm Cox
- Independent Commissioner: Irwandy Arif
- Commissioner: Djoko Pranoto Santoso
- Commissioner: Rudy
- Commissioner: Gita Tiffani Boer
- Commissioner: Lincoln Lin Feng Pan
- Commissioner: Christopher Suprayogie Ganis
2. Approval of the Company’s Capital Reduction Through the Cancellation of Treasury Shares Acquired Through Share Buyback Activities
The 2026 EGMS approves the Company’s plan to cancel 238.79 million treasury shares, representing 6.4% of the Company’s issued and paid-up capital. The Company acquires these shares through share buyback programs conducted from July 2022 to January 2023 and from October 2025 to June 2026.
The cancellation is carried out through a reduction of the Company’s issued and paid-up capital, followed by amendments to the relevant provisions of the Company’s Articles of Association in accordance with applicable laws and regulations.
3. Approval of the Amendment to Article 4 Paragraph (2) of the Company’s Articles of Association in Connection with the Reduction of Issued and Paid-Up Capital
In line with the approved capital reduction, the 2026 EGMS also approves an amendment to Article 4 Paragraph (2) of the Company’s Articles of Association to reflect the adjustment to the Company’s issued and paid-up capital. Following the capital reduction, a total of 3,491,343,936 shares, with an aggregate nominal value of Rp872,835,984,000, are issued and fully paid up by shareholders whose names are recorded in the Company’s Register of Shareholders.
Through the 2026 EGMS, UT continues to strengthen the implementation of good corporate governance principles in every decision-making process. This reflects the Company’s commitment to maintaining transparency, accountability, and sustainable corporate management while ensuring compliance with applicable laws and regulations.
About United Tractors
Established in 1972, PT United Tractors Tbk (UT) is recognized as one of Indonesia’s largest heavy equipment distributors. Today, UT continues to expand its business through its Mining Solutions and Heavy Equipment business pillars. In line with its commitment to supporting the achievement of the Sustainable Development Goals (SDGs), UT consistently implements various initiatives that uphold sustainability principles.
United Tractors’ ESG Commitment
As a world-class heavy equipment, mining, and energy company with more than 54 years of experience in Indonesia, UT is committed to creating a sustainable future. This commitment is demonstrated through the effective implementation of Environmental, Social, and Governance (ESG) principles, which encompass environmental protection, positive social impact, and the application of good corporate governance across all levels of its business operations. UT also continues to optimize its competencies, expertise, and strategic assets to create added value for all stakeholders and the Indonesian people.
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For more information, please contact: Ari Setiyawan Corporate Secretary PT United Tractors Tbk Email : ir@unitedtractors.com and corcom@unitedtractors.com Address : Jl. Raya Bekasi Km.22 Cakung, Jakarta Timur 13910 Telp. : (62-21) 3511961, Fax : (62-21) 3441413 Medsos : IG (@unitedtractorsofficial & @ceritadi.unitedtractors) Website: www.unitedtractors.com LinkedIn: PT United Tractors Tbk |