JC Kevin Development Company Limited (JCKD) convened the Bondholders’ Meeting No. 1/2025 for the JCKD206A bond on 1 December 2025 but the number of attending bondholders did not constitute a quorum as required by the terms and conditions. The company will re-convene the meeting electronically to consider the following matters:     

(1) Extending the maturity period for the bond redemption by one year, to be due on 13 December 2027;            

(2) Revising the bond principal repayment conditions by reducing the number of installments from four to three;      

(3) Increasing the interest rate from 7.75 percent per year to 8.00 percent per year, effective from 13 December 2025 until the new maturity date, and adjusting the interest payment conditions as follows: payment of partial interest at 5.0 percent per year, with the remaining 3.00 percent per year suspended from 13 December 2025 until 13 December 2027. The suspended interest will accrue and be  payable together with the principal on the new maturity date or on the date of early redemption of the entire outstanding amount.    

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:
Asia Plus Securities Co., Ltd. serves as the bondholders’ representative for the JCKD206A bond, to be due on 13 December 2026.