Appointment and Termination of Members of the Audit Committee

According to POJK No. 55/POJK.04/2015 and the Audit Committee Charter, the Audit Committee’s term of office may not be longer than the Board of Commissioners and can only be re-elected for one subsequent period. The term of office of Committee members appointed in the middle of the term of office of the Board of Commissioners will end along with the end of the term of office of the Board of Commissioners.

The Audit Committee acts independently in carrying out its duties and responsibilities and works based on the Audit Committee Charter been approved by the Board of Commissioners. The independence of members of the Company’s Audit Committee is proven with the data of family relations, finance, management, and share ownership in other Financing companies that shows that all members of the Committee have no affiliation.