NR Instant Produce Public Company Limited (NRF), the issuer of NRF254A bond, will electronically convene the Bondholders’ Meeting No. 4/2025 on 30 May 2025 at 14.00 hours to consider the following matters:         

(1) Revising the bond debt repayment terms from the original five installments to two installments, whereby the first installment in the amount of 130 million baht will be paid on 20 April 2026, and the remaining amount of 1,170 million baht will be paid on the maturity date;  

(2) Allowing the bond issuer to redeem the bonds, in full or in part, without any  minimum principal amount requirement, and granting an exemption from the early redemption fee in the event that the bond issuer elects to exercise the early redemption right prior to the maturity date;      

(3) Granting an exemption from an event of default under the terms and conditions, effective from the date on which such event occurred, in respect of the bond issuer’s inability to repay the principal on 20 April 2025 (which was the original due date provided that the accrued interest due for the interest period on 20 April 2025 has been fully paid, including the bond issuer’s plan not to repay the bond debt pursuant to the demand for immediate repayment);  

The SEC requires that the bondholders’ representative analyzes the benefits and shortcomings as well as the potential impacts on the bondholders both in cases of approval and decline of approval for the above matters with respective supporting reasons and the opinions of the bondholders’ representative. The bondholders are, therefore, encouraged to thoroughly review the information and exercise their rights to protect their own interests. They should also make necessary inquiries to the bondholders’ representative to obtain comprehensive information before making a voting decision at the bondholders’ e-meeting.      

Remark:
Bank of Ayudhya Public Company Limited is the bondholders’ representative for the NRF254A bond due on 20 April 2027.