Nakhonluang Capital Public Company Limited (NAKON), the issuer of NAKON25OA, NAKON264A, NAKON276A and NAKON277A bonds, will electronically convene the Bondholders’ Meeting No. 1/2025 on 25 September 2025 at 14.00 hours. The matters for consideration are as follows:  

(1) Approving the extension of bond maturity dates for redemption, as follows: 

        - For NAKON250A bond, extension of one year and six months, to be due on 19 April 2527;  

        - For NAKON264A bond, extension of one year and one month, to be due on 19 May 2027.  

(2) Approving an increase in the interest rates of two bond series (NAKON250A and NAKON264A), from 7.25 percent per year to 7.50 percent per year, effective throughout the extended maturity periods, and in accordance with the rules and procedures specified in the terms and conditions;   

(3) Approving actions related to all four bond series, with details as follows:  

        - Granting an exemption from an event of default under the terms and conditions for the issuer's proposal to revise  repayment terms for NAKON250A and NAKON264A bonds at the Bondholders' Meeting No. 1/2025 (including any postponed meetings due to lack of quorum, if any) with the outstanding value totaling 387.30 million baht;  

        - Granting an exemption from an event of default under the terms and conditions for the issuer's negotiations for debt restructuring with financial institutions or other creditors for operations within one year from the date of the Bondholders' Meeting No. 1/2025 (if any).   

(4) Revising the terms and conditions of the two extended bond series (NAKON25OA and NAKON264A) to grant the issuer the right to redeem the bonds prior to the maturity dates (call option). 

The SEC requires that the bondholders’ representatives 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’ representatives. 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’ representatives to obtain comprehensive information before making a voting decision at the bondholders’ e-meeting.     

Remark: 

(1) Daol Securities (Thailand) Public Company Limited serves as the bondholders’ representative for three bond series, as follows: 

- NAKON25OA bond due for redemption on 19 October 2025; 

- NAKON276A bond due for redemption on 13 June 2027; 

- NAKON277A bond due for redemption on 7 July 2027. 

(2) Pi Securities Public Company Limited serves as the bondholders’ representative for NAKON264A bond due for redemption on 19 April 2026.