Tangerang, 28 June 2024 – PT Garuda Maintenance Facility Aero Asia Tbk (“GMFI”, Stock Code: “GMFI”) held its Annual General Meeting of Shareholder (AGM) for the 2023 Fiscal Year and Extraordinary General Meeting of Shareholder on Friday (06/28). Held at Garuda Indonesia Auditorium, the GMFI AGM was attended by 25,437,601,300 votes or 90.10% of the shareholders and decided on seven meeting agendas, including Approval of Binding the Company's Guarantees and Assets with a value of more than 50% of the Company's Net Worth based on the Credit Agreement between the Company and PT Bank Rakyat Indonesia (Persero) Tbk; Amendments to the Company's Articles of Association; and Reorganization in the Company's Management Composition.

At the Extraordinary General Meeting of Shareholders (EGMS), GMF decided to reappoint Ali Gunawan and Agit Atriantio as Independent Commissioners after their terms ended this year. Therefore, there are no changes to the composition of the company's board of commissioners or directors.

GMFI Chief Executive Officer (CEO), Andi Fahrurrozi, stated, “2023 was a year full of challenges but also provided many opportunities for GMFI. We successfully improved efficiency, reduced costs, and served customers better. We continue to strengthen our strategy in enhancing profitability, debt restructuring, and equity improvement to achieve sustainable growth.”