Watergate Hotel Co., Ltd., the issuer of WGH216A bond, will electronically convene the Bondholders’ Meeting No. 1/2025 on 9 June 2025 at 14.00 hours to consider the following matters:  

          (1) Extending the redemption maturity period by another year, to be due on 19 June 2026;    

          (2) Increasing the bond interest rate, from the original rate of 7.25 percent per year to 7.75 percent per year, throughout the extended maturity period;      

          (3) Dividing the principal repayment into two installments, with the first installment repaying 50 percent of the principal value as of the bond issuance date on 19 June 2025, and the other installment repaying the entire remaining amount on the extended maturity date.  

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’ meeting.      

Note:
Bank of Ayudhya Public Company Limited serves as the bondholders’ representative for WGH216A bond, to be due on 19 June 2025.