Strengthening Corporate Governance, SEI Conducts GCG Assessment Exit Meeting with BPKP West Java

Bandung (10/02/2026) — As a form of a real commitment in strengthening corporate governance that is transparent and accountable, SEI successfully hosted the Exit Meeting Assessment Good Corporate Governance (GCG) for the 2024 Financial Year.

This event was attended in person by Head of West Java BPKP, Ikhwan Mulyawan, along with his team of auditors. From the shareholder perspective, President Director of Len, Prof. Joga Dharma Setiawan, attended virtually, accompanied by other members of the Board of Directors and Management.

 The Board of Commissioners of SEI, represented by Syahrial, also followed the meeting virtually. Meanwhile, SEI’s Board of Directors attended in person, led directly by the President Director of SEI, I Made Sandika Dwiantara, alongside relevant directors and management.

The 2024 Financial Year Assessment GCG is referring to The Regulation of the Minister of State-Owned Enterprises (SOEs) No. PER-2/MBU/03/2023 on Guidelines for Governance and Significant Corporate Activities of SOEs, alongside internal corporate provisions that regulate the principles of transparency, accountability, responsibility, independence, and fairness.

The GCG Assessment was conducted independently by BPKP West Java based on an official assignment letter dated from December 2025 to January 2026. The primary objectives of this assessment were to:

• Evaluate the implementation level of GCG principles across all corporate organs, including Shareholders / General Meeting of Shareholders (GMS), the Board of Commissioners, and the Board of Directors.
• Measure the effectiveness of the company’s structures, processes, and management mechanisms in supporting the achievement of strategic goals.
• Identify areas requiring reinforcement and improvement within the framework of corporate governance.
• Provide actionable recommendations for improvement as part of ongoing efforts to sustainably enhance governance quality.

The evaluation process employed a rigorous methodology, ranging from comprehensive document review and in-depth interviews to compliance testing of relevant policy implementation.

The assessment results are expected to provide an objective overview of the maturity level of GCG implementation within the company. Furthermore, they will serve as a baseline for management and stakeholders in formulating a governance improvement strategy based on the identified “Area of Improvement" ultimately supporting sustainable corporate performance.

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