Aqua Corporation Public Company Limited (AQUA), the issuer of AQUA275A bond, will electronically convene Bondholders’ Meeting No. 2/2025 on 6 November 2025 at 15.30 hours to consider the following matters:    

(1) Granting an exemption from an event of default under the terms and conditions for the following actions: 

    (1.1) Closing the bondholder register for convening the bondholders’ meeting less than 14 days before the meeting date; 

    (1.2) Notifying or arranging for the registrar to notify the Thai Bond Market Association less than seven days before the first closing date of the bond register; 

    (1.3) Calling to convene the bondholders’ meeting less than seven days before the meeting date.  

(2) Granting an exemption from an event of default under the terms and conditions for the issuer’s proposal to the bondholders’ meeting to restructure the bond repayment by extending the maturity period, adjusting the bond interest rate, partially repaying the principal, and approving the entering into any agreements, arrangements, or related documents. Such actions shall be deemed as initiating negotiations or entering into any agreements with any creditor for the purpose of debt restructuring, whether the proposal is submitted to the bondholders’ meeting for AQUA25NA and AQUA275A bonds, including any postponed or subsequent meetings;      

(3) Granting approval for the following actions:  

    (3.1) Extending the maturity period for bond redemption by six months and 16 days, to be due on 30 November 2027;  

    (3.2) Repaying the principal in two installments, as follows (such installment repayments do not constitute early redemption before maturity):  

Installment 1: 10 percent of the principal value as of the bond issuance date;

  Installment 2: 90 percent of the principal value as of the bond issuance date; 

    (3.3) Increasing the bond interest rate by 0.25 percent per year, from 7.25 percent per year to 7.50 percent per year, throughout the extended maturity period. 

The company will propose Agenda Item (3) for consideration when the AQUA25NA bondholders' meeting passes a resolution approving Agenda Item 2 regarding the extension of the bond maturity date, the increase of the bond interest rate, and the principal repayment in installments at the AQUA25NA bondholders' meeting on 30 October 2025 (including any adjourned meeting). 

The SEC requires that the bondholders’ representative 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’ 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’ e-meeting. 

Remark: 

Beyond Securities Public Company Limited serves as the bondholders’ representative for the AQUA275A bond, to be due on 14 May 2027.