Committee

Duties and Responsibilities of the Audit Committee

• Reviewing the financial information that will be issued by the Company to the public and/or authorities, including financial reports, projections and other reports related to the Company's financial information;
• Conduct a review of compliance with laws and regulations related to the Company's activities;
• Provide an independent opinion in the event of a difference of opinion between management and the Accountant for the services provided;
• Provide recommendations to the Board of Commissioners regarding the appointment of an Accountant based on independence, scope of assignment and fee;
• Reviewing the implementation of inspections by the internal auditors and supervising the implementation of follow-up actions by the Board of Directors on the findings of the internal auditors;
• Reviewing the risk management implementation activities carried out by the Board of Directors;
• Examine complaints related to the Company's accounting and financial reporting processes;
• Review and provide advice to the Board of Commissioners regarding the potential conflict of interest of the Company; and
• Maintain the confidentiality of the Company's documents, data and information.

Audit Committee Member

The Board of Commissioners of MBMA has formed an Audit Committee based on Decree of the Board of Commissioners of PT Merdeka Battery Materials Tbk. No. 002/SK-DK/MBM/I/2023 dated 17 January 2023 concerning the Establishment of the Audit Committee and the Audit Committee Charter of PT Merdeka Battery Materials Tbk.

Effective on 20 October 2023, the Board of Commissioners of MBMA appointed Dr. Didi Achjari, M.Com., AK. as the Head of Audit Committee based on Decree of the Board of Commissioners of PT Merdeka Battery Materials Tbk. No. 007/SK-DK/MBM/X/2023, so that the Audit Committee has the following composition:

The Nomination and Remuneration Committee was formed by MBMA in order to comply with OJK regulations no. 34/ POJK.04/2014 dated 8 December 2014 concerning the Nomination and Remuneration Committee of Issuers or Public Companies (POJK No. 34). The Nomination and Remuneration Committee was formed based on the Decree of the Board of Commissioners of PT Merdeka Battery Materials Tbk No. 001/SK-DK/MBM/I/2023 dated 17 January 2023 with the primary responsibility of assisting the Board of Commissioners in determining nominations and remuneration for members of the Board and executive officers of the Company.

The Board of Commissioners of MBMA amended the composition of the members of Nomination and Remuneration Committee by appointing Dr. Didi Achjari, M.Com., AK. based on Decree of the Board of Commissioners of PT Merdeka Battery Materials Tbk. No. 006/SK-DK/MMB/X/2023. Therefore, the Nomination and Remuneration Committee has the following composition: