Governance

Good corporate governance is an important foundation for the success and sustainability of companies in any industry, including the travel and tourism sector. For GCT, the implementation of effective corporate governance is key to ensuring transparent, accountable, and ethical operations. Good governance helps build trust with all stakeholders, from customers, employees, and business partners to regulators.

In the competitive and dynamic travel industry, GCT understands that solid governance not only improves operational performance, but also mitigates risk, ensures regulatory compliance, and enhances the company's reputation. With good governance in place, companies can run their businesses more efficiently, manage resources better, and make more timely and informed decisions.

Corporate Governance Objectives

GCT implements corporate governance with several key objectives aimed at improving the company's performance and accountability. First, ensuring transparency and accountability in all aspects of operations. Through honest financial reporting and open shareholder meetings, Grand China Travel is committed to providing clear and accurate information to stakeholders.

Second, maintaining business integrity and ethics. By implementing a strict code of conduct and anti-corruption policies, GCT strives to create a fair and ethical business environment. This not only increases the trust of customers and business partners, but also creates a positive work culture within the company.

Third, effective risk management. GCT has a risk management framework designed to identify, evaluate, and manage risks that may arise in daily operations. This allows the company to be better prepared to face challenges and changes in the global tourism market.

Fourth, employee development and welfare. GCT realizes that employees are the company's greatest asset. Therefore, the company is committed to providing ongoing training and development for its employees, as well as ensuring their welfare and job satisfaction.

With these objectives in mind, GCT strives not only to achieve short-term success but also to ensure long-term sustainability and growth. Good corporate governance is the foundation that enables Grand China Travel to continue to grow and provide the best service to its customers, while upholding ethical principles and social responsibility.

Governance Structure

GCT is committed to implementing good corporate governance to ensure transparent, accountable, and ethical operations.

Hermawan Kartajaya

Dewan Penasihat

Hermawan Kertajaya, Warga Negara Indonesia, lahir pada tahun 1947. Beliau memperoleh gelar Sarjana di bidang Ekonomi dari Universitas Surabaya, pada tahun 1984, kemudian meraih gelar Master of Science di University of Strathclyde, United Kingdom, pada tahun 1995 dan mendapatkan gelar Honorary Doctorate Degree dari Institut Teknologi Sepuluh November, Surabaya pada tahun 2010.

Pernah menjabat sebagai Komisaris Independen Perseroan (2024-2025). Selain itu Beliau menjabat sebagai Founder & Chairman di Mcorp (1989-sekarang), Direktur Distribusi di PT HM Sampoerna (1987-1989), General Manager Pemasaran di PT Panggung Electronic Industries (1980-1986).

Riasari Prasetyawati

Corporate Secretary

Riasari Prasetyawati, an Indonesian citizen, was born in 1978. She obtained a Bachelor's degree in Communication from the Faculty of Communication Sciences at Mercu Buana University in 2013.

Serving as Corporate Secretary of the Company since 2025, responsible for all compliance with applicable regulations in Indonesia and good corporate governance.

Previously, he worked at PT Garuda Indonesia (Persero) Tbk from 2009 to 2024 and has more than 15 years of experience in corporate governance and secretarial affairs.

Yunita Widjaja

Director of Operations

Yunita Widjaja, an Indonesian citizen, was born in 1967. She obtained a diploma from the Tarakanita Secretarial Academy in 1988.

Serving as the Company's Chief Operating Officer since 2023.

Previously, she served as Senior Manager at PT Wisata Dewa (2021-2023) and General Manager at PT Bayu Buana Tbk. (1988-2020).

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.

Khoe Ting Tjen

President Director

Khoe Ting Tjen, an Indonesian citizen, was born in 1970. He obtained a Bachelor's degree in Chinese Literature from Ji Nan University in 1994.

She has been working in the Company for approximately 5 years. Previously he served as Director of PT Kemilau Cahaya Lestari (2013-2018), and was the Owner of Xin Xin Bu Xi Ban (2012-2015).

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.

Michael Anthonius Thedy

Commissioner

Michael Anhonius Thedy, an Indonesian citizen, was born in 1988. He studied Business Management at San Francisco State University from 2007 to 2010.

Serving as Commissioner of the Company since 2025.

He served as Corporate Secretary of the Company from 2024 to 2025. In addition, he has also served as Director of PT Dream Wisata Indonesia since 2022 and Director of PT Jakarta Express Utama since 2011.

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.

Ariyadi Dwi Dharmadi

Director of Finance

Ariyadi Dwi Dharmadi, Warga Negara Indonesia, lahir pada tahun 1993.  Beliau memperoleh gelar Sarjana Ekonomi dari Universitas tarumanagara, pada tahun 2015.

Menjabat sebagai Direktur Keuangan Perseroan sejak tahun 2025.

Sebelumnya Beliau menjabat sebagai Senior Manager Financial Planning & Analysis Manager di PT Cerdas Digital Nusantara (Cakap) (2023-2025), Assistant Manager Deals Advisory (Merger & Acquisition Transaction Services) di PT Deloitte Advis Indonesia (Deloitte Advisory) (2021-2023) dan Senior Associates (Assurance Services I Audit) di KAP Purwanto, Suherman & Surja (E&Y) (2015-2021)

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.

Abraham Bastari

Independent Commissioner

Abraham Bastari, an Indonesian citizen, was born in 1957. He obtained a Master of Business Administration degree from Cleveland State University, Cleveland, Ohio, USA in 1993.

Serving as Independent Commissioner of the Company since 2025.

With over 25 years of experience in the financial sector, he has developed extensive expertise in Indonesia, including through his roles at the Financial Services Authority and PT Kliring Penjaminan Efek Indonesia. His professional experience demonstrates a deep understanding of financial management and regulatory practices.

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.

Andres Soriano

President Commissioner

Andres Soriano, an Indonesian citizen, was born in 1993. He serves as President Commissioner of the Company. He obtained a bachelor's degree in economics from the University of Indonesia in 2015.

Serving as President Commissioner of the Company since 2025.

He served as Investor Relations Officer of the Company from 2024 to 2025. In addition, he served as President Director of PT Dream Wisata Indonesia (2022-present) and also served as Co-Chairman of Sendjaja & Co. (2015-present).

Previously, he worked at Big 4 Firms (Ernst & Young Indonesia, PwC Indonesia, and Deloitte Indonesia) from 2015 to 2022.

There are no affiliations with members of the Company's Board of Directors, members of the Company's Board of Commissioners, or shareholders of the Company.