Chayo Group Public Company Limited (CHAYO) convened a bondholders’ meeting for CHAYO273A and CHAYO279A bond series on 29 July 2025 but the meeting failed to meet the quorum requirement under the terms and conditions. The company will electronically reconvene the bondholders’ meeting on 8 August 2025 at 14.00 hours to consider the following matters: 
          (1) Extending the redemption maturity periods for another two years, and dividing the principal repayment into two installments; The first installment, totaling at least 10 percent of the current unredeemed bond value, will be made on the original maturity date, and the second installment will repay the entire remaining balance on the extended maturity date; 
          (2) Increasing the bond interest rate by 0.125 percent per year throughout the extended maturity periods, as follows:
              - For CHAYO273A bond series, from the original rate of 6.25 percent per year to 6.375 percent per year;  
              - For CHAYO279A bond series, from the original rate of 6.40 percent per year to 6.525 percent per year.  

          CHAYO will propose the bond interest rate increase for consideration upon the bondholders’ approval of the extension of the redemption maturity periods under Item (1).
          (3) Adding an obligation requiring the bond issuer to allocate at least 50 percent of the net proceeds received from the sale of land located on Koh Yao Yai, Phang Nga Province, after deducting relevant expenses, to repay all bond series for which the extension of the maturity periods have been approved.
          CHAYO will propose this additional obligation for consideration after the bondholders approve the redemption maturity periods as per Item (1).      
          (4) Allowing the bond issuer to exercise the right to repay the bonds before the maturity dates, either in whole or in part, without incurring any prepayment fees.
 

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:

Asia Plus Securities Public Company Limited serves as the bondholders’ representative for the two bond series, as follows:             
           - CHAYO273A bond series, to be due on 15 March 2027
           - CHAYO279A bond series, to be due on 6 September 2027