Sahakol Equipment Public Company Limited (SQ), the issuer of SQ256A bond, will convene the Bondholders’ Meeting No. 1/2025 on 6 June 2025 at 14.00 hours at Orchid 3 Room, G Floor, Rama Garden Hotel, Bangkok. The matters for consideration are as follows:
          (1) Granting an exemption from an event of default under the terms and conditions for the company’s arrangement for the bond registrar to notify the closing of the bondholder register to the Thai Bond Market Association less than seven days prior to the first closing date of the bond register;      
          (2) Extending the maturity date by three years, to be due on 19 June 2028;
          (3) Dividing the principal repayment into four installments, as follows:   
                     Installment 1: 5 percent of the principal amount at the bond issuance date;  
                     Installment 2: 10 percent of the principal amount at the bond issuance date;  
                     Installment 3: 35 percent of the principal amount at the bond issuance date;
                     Installment 4: The remaining balance in full.
                     The principal amount at the bond issuance date is 550 million baht     
          (4) Increasing the bond interest rate from 4.90 percent per year to 6.25 percent per year throughout the extended maturity period;  
          (5) Allowing the bond issuer to redeem the bond, in full or in part, on any interest payment date occurring prior to the extended maturity date.

The SEC requires that the bondholders’ representatives analyze 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’ representatives. 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’ representatives to obtain comprehensive information before making a voting decision at the bondholders’ meeting.      

Remark:
Bank of Ayudhya Public Company Limited is the bondholders’ representative for the SQ256A bond due on 19 June 2025.