NR Instant Produce Public Company Limited (NRF), the issuer of NRF254A bond, will electronically convene the Bondholders’ Meeting No. 2/2025 on 28 February 2025 at 10.00 hours. The e-meeting contains matters for consideration as follows:

(1) Granting a waiver from an event of default in the case where the company is unable to carry out the following actions:   
        - Closing the bondholders’ register at least 14 days before the bondholders’ meeting date;
        - Ensuring that the bond registrar notifies the Thai Bond Market Association at least seven days before the first closure date of the bondholders’ register;
        - Delivering the bondholders’ meeting invitation at least seven days before the meeting date; 
(2) Granting an exemption for the use of the list of bondholders entitled to attend and vote at the Bondholders' Meeting No. 1/2025 as the official list for the Bondholders' Meeting No. 2/2025;  
(3) Extending the bond maturity date by additional two years, with the new maturity date set for 20 April 2027;
(4) Increasing the interest rate from 6.75 percent per year to 7.25 percent per year, during the extended maturity period; 
(5) Dividing the principal repayment into two installments, with the first installment comprising 10 percent of the bond value to be paid on 20 April 2025, while the second installment will cover the remaining balance on the extended maturity date;   
(6) Granting a waiver from an event of default under the terms and conditions in the case where the bond issuer mortgages the company's assets as collaterals for loan repayment; and
(7) Granting consent to a waiver from an event of default under the terms and conditions in the case where the bond issuer mortgages the company's assets to financial institutions for purposes not limited to securing loan repayment, refinancing, negotiating relief, or modifying debt restructuring agreements with financial institutions.

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’ e-meeting.      

Remark:
Bank of Ayudhya Public Company Limited is the bondholders’ representative for the NRF254A bond due on 20 April 2025.