Clover Power Public Company Limited (CV), the issuer of CV251A bond, will electronically convene the Bondholders’ Meeting No. 2 /2025 on 20 January 2025 at 10.00 hours. The e-meeting contains matters for consideration as follows:

1.) Granting an exemption such that the company's inability to perform the following actions shall not be considered an event of default:         

     (1.1) Failing to close the bondholders' register at least 14 days prior to the meeting date;                

      (1.2) Failing to require the bondholder registrar to notify the Thai Bond Market Association at least seven days in advance of  the initial closing date of the bondholder register;               

      (1.3) Failing to deliver the bondholders’ meeting notice at least seven days before the meeting date.  

2.) Allowing the list of bondholders eligible to attend and vote at the Bondholders' Meeting No. 1/2025 to also serve as the list of bondholders eligible to attend and vote at the Bondholders' Meeting No. 2/2025;    

3.) Extending the maturity period for bond redemption by one year, with the new maturity date set for 21 January 2026;

4.) Increasing the interest rate by 1 percent per year, from the original rate of 6.25 percent per year to 7.25 percent per year, during the extended maturity period;

5.) Repaying 50 percent of the bond principal on 21 July 2025, with the remaining balance to be repaid on the extended maturity date;   

6.) Granting an exemption such that the bond issuer's inability to repay the bond principal due on 21 January 2025 shall not be considered an event of default.

The SEC requires that the bondholder 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 clearly provide information to the bondholders together with the opinions of the bondholder 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 bondholder representative to obtain complete information before making an informed decision at the bondholders’ e-meeting.  

Remark: Daol (Thailand) Securities Co., Ltd. serves as the bondholders’ representative for CV251A bond due on 21 January 2025.