TPC Power Holding Public Co., Ltd., the issuer of TPCH25NA bond, will electronically convene the Bondholders’ Meeting No. 1/2025 on 4 November 2025 at 14.00 hours to consider the following matters:    

(1) Approving the following actions:      
       - Extending the maturity period for bond redemption for two years, to be due on 30 November 2027;  
       - Dividing the principal repayment into five installments, as follows:
                    - Installment 1: At least 20 percent of the principal value at bond issuance date;
                    - Installment 2-4: At least 5 percent of the principal value at bond issuance date;     
                    - Installment 5: The entire remaining amount of the principal value. 
In the event that the bondholders’ meeting resolves not to approve the matters under (1), the company will not propose the matters under (2) – (3) for the bondholders’ meeting’s approval;  

(2) Increasing the bond interest rate by 0.75 percent per year, from 5.50 percent per year to 6.25 percent per year, throughout the extended maturity period;  

(3) Opening a deposit account for the purpose of accumulating funds for bond repayment, and providing additional security for bond repayment (to be added later) by registering a business security agreement over the claims on the deposit account as collateral for bond repayment, with the bondholders’ representative as the secured party.  

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 TPCH25NA bond, to be due on 30 November 2025.