Wastech Exponential Co., Ltd. (WTX) (formerly Suntech Recycle & Decarbon Co., Ltd.), the issuer of STRD24DA bond, will electronically convene the Bondholders’ Meeting No. 2/2025 on 9 July 2025 at 14.00 hours. 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 failure to pay bond interest due on 10 March 2025 (later paid in full on 30 May 2025) and the bond interest due for the June 2025 period, and considering approval for the cancellation of accelerated maturity calling for immediate due and payable of the bond as well as the cancellation of related actions taken by the bondholders’ representative in connection with such event of default; 

          (2) Granting an exemption from an event of default under the terms and conditions for the bond issuer’s entry into negotiations with financial institutions or other creditors to seek debt restructuring, including any deferral or modification of debt repayment schedules;  

          (3) Requesting to revise the partial principal repayment, from the original 25 percent of the bond value as of the issuance date to 10 percent of the bond value as of the issuance date, to be repaid on 30 June 2026, with the entire remaining principal to be repaid on the maturity date;       

          (4) Extending the redemption maturity period from the original due date of 9 December 2026 to 30 June 2027;  

          (5) Requesting to revise the interest payment dates, from payment on 9 March, 9 June, 9 September, and 9 December throughout the bond term to payment on 30 March, 30 June, 30 September, and 30 December throughout the bond term;  

          (6) Increasing the bond interest rate from 7.75 percent per year to 7.80 percent per year, effective from 9 March 2025 until the maturity date, and providing for partial interest payments at a rate of 5.00 percent per year, with the remaining interest at a rate of 2.80 percent per year to be deferred from 9 March 2025 until 30 June 2027, and the deferred interest to be aggregated and paid on the maturity date or on any early redemption date (as the case may be);  
          (7) Providing additional security for the bond obligations, whereby Mr. Supamongkol Manoch agrees to act as a guarantor to provide additional security for the repayment of the bond.

In this regard, the bondholders’ meeting has stipulated conditions for voting on Agenda Items 4–7, as these agenda items are interrelated and must be considered and approved together. Accordingly, if the bondholders’ meeting resolves not to approve Agenda Item 4, the company will not propose Agenda Items 5–7 for the bondholders’ meeting’s consideration.
 
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:  
Daol Securities (Thailand) Public Company Limited serves as the bondholders’ representative for STRD24DA bond, to be due on 9 December 2026.