Property Perfect Public Company Limited (PF), the issuer of 15 PF bond series, will electronically convene the Bondholders’ Meeting No. 2/2025 on 6 August 2025 at 13.00 hours. The matters for consideration are as follows:  

          (1) Granting an approval for the use of the bondholders’ record date for the payment of bond interest as the record date for convening the Bondholders’ Meeting No. 2/2025, and granting an exemption for the closing of the bond register more than 14 days prior to the bondholders’ meeting without being deemed a failure to comply with the terms and conditions;    

          (2) Granting an approval for the cancellation of the credit rating of the bond issuer and the bonds, including the submission of any related credit rating reports, and granting an approval for the cancellation of the issuer’s obligations under the terms and conditions related to credit ratings, with effect from the date on which the bondholders’ meeting approves such matters;   

          (3) Granting an approval for actions related to all 15 PF bond series, as follows: 

              (a) Granting an exemption from an event of default under the terms and conditions for the bond issuer’s proposal to the bondholders’ meeting of all 15 bond series to seek debt restructuring, which includes exemption of events that may constitute events of defaults, requests for extension of redemption maturity periods, and requests for revisions to the interest payment terms in the nature of debt payment deferrals, for the entire time until the company completes the debt restructuring; 

              (b) Extending the maturity periods for all 15 bond series by additional two years, increasing the interest rate by 0.25 percent per year effective from the date on which the Bondholders’ Meeting No. 2/2025 passes a relevant resolution, and revising the interest payment terms by providing for partial interest payments at a rate of 3.0 percent per year for eight interest periods, after which interest shall be paid at the original rate. A portion of the deferred interest from the most recent interest period prior to the bondholders’ meeting shall be paid on the due date of the third interest payment period. Any increased and deferred interest remaining unpaid shall be aggregated and paid together with the principal on the new maturity date or on any date of full early redemption of the bond series, as the case may be.  

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: 
Globlex Securities Co, Ltd. serves as the bondholders’ representative for all 15 PF bond series, as follows:  

          - PF258B bond, to be due on 9 August 2025
          - PF258A bond, to be due on 16 August 2025
          - PF25NA bond, to be due on 9 November 2025
          - PF25DA bond, to be due on 5 December 2025
          - PF261A bond, to be due on 5 January 2026
          - PF263A bond, to be due on 25 March 2026
          - PF264A bond, to be due on 7 April 2026
          - PF264B bond, to be due on 30 April 2026
          - PF265B bond, to be due on 7 May 2026
          - PF265A bond, to be due on 16 May 2026
          - PF268A bond, to be due on 7 August 2026
          - PF268B bond, to be due on 19 August 2026
          - PF26OA bond, to be due on 11 October 2026
          - PF26NA bond, to be due on 19 November 2026
          - PF271A bond, to be due on 11 January 2027