Prime Road Power Public Company Limited (PRIME), the issuer of PRIME253B, PRIME253A, PRIME25DA and PRIME25DB bond series, will hold the Bondholders’ Meeting No. 2/2025 electronically on 22 August 2025 at 14.00 hours. The matters for consideration are as follows:     
 
For PRIME253B and PRIME253A bond series:

(1) Approving actions related to both bond series with details as follows:   

     - exemption from an event of default under the terms and conditions for the company’s inability to repay the principals and interest of PRIME253B and PRIME253A bond series on 31 July 2025;  

    - cancellation of the call default prescribed in the bondholders’ representative letters dated 1 August 2025, as well as all related actions taken by the bondholders’ representatives regarding the event of default;

    - exemption from an event of default under the terms and conditions for the company’s failure to repay the principals and interest of PRIME253B and PRIME253A bond series on 31 July 2025, which constitutes a default in payment of any debt in a total amount exceeding 300 million baht;

    - exemption from an event of default under the terms and conditions for the company’s failure to repay the principals and interest of PRIME253B and PRIME253A bond series on 31 July 2025 and/or the company’s proposal to the Bondholders’ Meeting No. 2/2025 to revise repayment terms and/or the company’s negotiations with financial institutions or other creditors for debt restructuring within one year from the date of the Bondholders’ Meeting No. 2/2025 (if applicable), with the outstanding debt value exceeding 300 million baht.   

(2) Rescheduling partial principal repayment of not less than 30 percent of the par value per unit as of the bond issue date, from the original due date of 31 July 2025 to 28 November 2025;

(3) Extending the maturity periods for redemption of both bond series as follows:  

    - For PRIME253B series, the maturity period to be extended for eight months and 20 days from the original due date;

    - For PRIME253A series, the maturity period to be extended for eight months and 18 days from the original due date.  

(4) Approving an increase in the interest rate of 0.50 percent per year, from the original rate of each series, effective from 31 July 2025 throughout the extended maturity period;  

(5) Providing additional collateral for the bond repayment (to be specified later), subject to approval, of all four bond series meetings on all the matters proposed by the company at the Bondholders’ Meeting No. 2/2025, by registering a mortgage over the land under the Utilization Certificate (Nor Sor 3) located in Bo Phloi District, Kanchanaburi Province, in favor of the bondholders’ representatives.   

In the event that the bondholders’ meeting does not approve Item (1), the company will not propose Items (2)–(5) for consideration and approval.  

 
For PRIME25DA and PRIME25DB series:

(1) Approving actions related to both bond series with details as follows:

         - exemption from an event of default under the terms and conditions for the company’s inability to repay the principals and interest of PRIME253B and PRIME253A bond series on 31 July 2025, which constitutes a default in payment of any debt in a total amount exceeding 300 million baht;

         - exemption from an event of default under the terms and conditions for the company’s inability to repay the principals and interest of PRIME253B and PRIME253A bond series on 31 July 2025 and/or the company’s proposal to the Bondholders’ Meeting No. 2/2025 to revise repayment terms and/or the company’s negotiations with financial institutions or other creditors for debt restructuring within one year from the date of the Bondholders’ Meeting No. 2/2025 (if applicable), with the outstanding debt value exceeding 300 million baht.  

(2) Providing additional collateral for the bond repayment (to be specified later), subject to approval of all four bond series meetings on all the matters proposed by the company at the Bondholders’ Meeting No. 2/2025, by registering a mortgage over the land under the Utilization Certificate (Nor Sor 3) located in Bo Phloi District, Kanchanaburi Province, in favor of the bondholders’ representatives. 

In the event that the bondholders’ meeting does not approve Item (1), the company will not propose Item (2) for consideration and approval.  

 
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’ e-meeting.

Remark:
- Bluebell Securities Co., Ltd. serves as the bondholders’ representative for the PRIME253B bond due on 8 March 2026 and the PRIME25DB bond due on 8 December 2026.  
 - Globlex Securities Co., Ltd. serves as the bondholders’ representative for PRIME253A bond due on 10 March 2026.  

- Asia Plus Securities Co., Ltd. serves as the bondholders’ representative for PRIME25DA bond due on 2 December 2026.